Outsourcing Industry in Bulgaria with Two-digit Growth

Outsourcing Industry in Bulgaria with Two-digit Growth

For the seventh consecutive year, the outsourcing industry has double-digit growth and now accounts for 3.6% of Bulgaria's GDP. This is stated in the Report on the Bulgarian Outsourcing Industry 2017, prepared by the Bulgarian Outsourcing Association (BAA). The share of the services sector in GDP has grown steadily in recent years, with 2.8% in 2014 and 3.4% in 2015. There are a number of factors for preserving positive trends, but the most important are the availability of skilled labor, active interaction between business, education and the state, as well as the preservation of the flat tax and the expansion of the package to encourage foreign investment. This is what Svetoslav Ivanov, executive director of BAA, said in an interview with Bloomberg TV.

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