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
In a previous publication Radio Bulgaria offered an overview of the conditions and grounds for acquiring Bulgarian citizenship . In the following lines we will elaborate on the steps of the procedure itself. The first one is to submit an..
As of 9 May, the Bulgarian National Radio has an official TikTok channel where users will be able to find information, but also fun videos from the on-air broadcasts of all channels, the inner workings of the BNR, and the people working for the..
120 scientists from Bulgaria and 10 countries around the world are taking part in the Sofia Science Festival. The forum opens today and runs until May 12 at the Sofia Tech Park. Organisers say that internationally renowned speakers will share..
Europe Day has been celebrated on 9 May since 1986, following a decision taken at the European Community Summit in Milan on 28 and 29 June 1985. In..
Sofia is the largest municipality in Bulgaria by population, while Plovdiv has overtaken Varna to take second place. Burgas retains its position as the..
In a previous publication Radio Bulgaria offered an overview of the conditions and grounds for acquiring Bulgarian citizenship . In the following lines..
+359 2 9336 661