Bulgaria’s outsourcing sector to grow in double digits in 2021

SOFIA (Bulgaria), November 4th (SeeNews) – Revenues of Bulgarian companies active in the outsourcing sector are expected to grow double-digit in 2021 after increasing by 11.2% in 2020, Bulgaria’s Association for Innovation, Business Excellence, Services and Technology (AIBEST) said Thursday.

Bulgaria’s outsourcing sector generated 3.3 billion euros (3.82 billion US dollars) in 2020, AIBEST said in its annual report, citing data from a SeeNews study. The report includes data from 677 local companies operating in the Information Technology Sourcing (ITO) and Business Process Sourcing (BPO) space.

According to the report, the sector generated 6.6% of Bulgaria’s gross domestic product (GDP) in 2020, up from 5.5% in 2019. In 2024, this share is expected to rise to 11.2% of GDP.

AIBEST added that the industry has reaffirmed its position as the preferred employer, as evidenced by the stable number of employees in the industry of around 77,000.

“With the career start and career opportunities we offer, we are achieving one of our top priorities – recruiting and retaining talent in Bulgaria,” said llia Krustev, Chairman of the Board of AIBEST and CEO of A Data Pro. “We are continuing to expand our partnerships with universities, local and state authorities as this is the way to maintain our sustainable growth and develop the knowledge industry in Bulgaria.”

($ = 0.8629 euros)

About admin

Check Also

Bulgarian Railways made a profit – Novinite.com

Bulgarian Railways @bdz.bg For the second consecutive quarter, the national railroad The airline reports an …

Leave a Reply

Your email address will not be published.