- Work force is well educated, highly skilled and multilingual
- 62.2 % of the total population is in working age (appr. 4.6 million)
- 60 000 students annually graduate from 51 universities
- 98% of the high school students study a foreign language (usually English) and 73% study a second language (mainly German, French, Spanish, Russian)
- 94% of the schools have Internet access
Why Bulgaria?
Investment Climate in Bulgaria
Recognition
Bulgaria has gained strong recognition as a preferred destination for web development, software engineering, and IT outsourcing. Known for its growing tech ecosystem, the country is home to many skilled developers and innovative tech companies. Bulgaria has positioned itself as a hub for high-quality, cost-effective digital solutions, attracting businesses from across Europe and beyond.
Stability
Located in the European Union, Bulgaria offers economic and political stability that instills confidence in global businesses. Its favorable legislation for tech industries, along with the reliable infrastructure, makes it an ideal base for companies looking to establish long-term partnerships. Moreover, the stable economy and continued growth in the IT sector provide security and support for foreign investments.
Business Climate
With a competitive tax system, lower business costs, and government support for the tech industry, Bulgaria provides an inviting environment for companies looking to outsource. The country also encourages innovation and growth in the tech field, with incentives for R&D and IT development. Bulgaria’s business-friendly policies make it straightforward for companies to expand operations and invest in new projects.
Skilled workforce
Bulgaria boasts a highly skilled, multilingual workforce. Known for its well-educated IT specialists and engineers, the country is rich in technical expertise, particularly in web development and software engineering. With an emphasis on English proficiency and a strong foundation in math and computer science, the Bulgarian workforce is adaptable and ready to meet the demands of a rapidly evolving digital landscape.