After ten years of EU membership software business in Bulgaria is the best performing sector of the IT industry in this country. This is what data by independent consulting company CBN Pannoff, Stoytcheff& Co. show. The company has been analysing ICT markets and businesses in the country for 26 years.
The facts speak for themselves: 4982 jobs in 2006 and 19,755 positions in the software business today or growth of nearly 300%. The software industry employs some of the most highly-skilled and well-paid professionals in Bulgaria. The annual survey of the Bulgarian Association of Software Companies (BASCOM) shows that the average wage in the sector is four times higher than the average for the country. However,employment growth in the sphere is too weak, which shows shortage of IT specialists. BASCOM say that companies usually need more than eight weeks to find the right people for their open positions. A positive trend is that the purchasing power of specialists working in the sector such as software developers and project managers is equal or even higher that of experts working in countries like the UK, for example.
Total incomes in the sphere in 2006 reached 139.4 million euro in comparison to 1 billion and 20 million euros for 2016 (over 600% growth).IT professionals are 85 percent of all employees in the industry. One third of them are women. Over 90% of jobs are occupied by young people under 35 years of age.
If the pace of revenue growth in the sector remained unchanged, in 2021 it would reach 4.5% of GDP, which would have ranked the IT industry among the largest ones in the country.
Ten years after the entry of Bulgaria into the European Unionthe software industry has established a firm place in the Bulgarian economy and continues its stable development.
English: Alexander Markov
More than 30 years after the democratic changes in Bulgaria in 1989, May 1 continues to be a public holiday and a non-working day, but the state authorities are no longer involved in organizing mass events and manifestations, as it..
The days preceding the Orthodox Easter are brightened with smiles and cheerful atmosphere around the world. Students from several Sunday schools abroad have recreated the national traditions and customs associated with the preparation for Easter,..
As of 31 December 2023, Bulgaria's population is 6 445 481, or 1.4% of the EU population, according to the latest data from the National Statistical Institute. There are 3 097 698 men (48.1%) and 3 347 783 women (51.9%). Men predominate in the age group..
A chapel built in the hollow of an old mulberry tree in the courtyard of the Ethnographic Museum in the town of Vratsa is the Easter gift made by the..
Today, the Orthodox Church commemorates St George the Victorious, recognised as one of the earliest martyrs for the faith. Living during the reign..
Games where the main character is the egg are probably not very many . In Germany, for example, on Easter, families visit the church, and then children..
+359 2 9336 661