Why Bulgaria?

Getting value for money

Businesses should look at both offshoring and nearshoring and decide which the right fit for their business is. If an outsourcer provides quality work then the business will see return on investment, no matter what their size.

In the end, achieving the balance between cost and quality will ensure long-term cost savings and will improve business and IT functions. This will guarantee both sustainable company growth and profits. Outsourcing to Bulgaria has some indisputable advantages. Watch the video to find out more:

Bulgaria is one of the oldest states in Europe. The country joined the European Union on January 1st, 2007. It has averaged more than 5% growth since 2004, attracting significant amounts of foreign direct investment. Bulgaria offers the benefits of legislation that is in place, labor laws, taxation, ease of doing business, and ease of movement through the European Union. The Bulgarian economy is stable, political environment is solid and the country risk is low.

Here are some country facts:

  • The country was founded in 681
  • NATO membership
  • EU membership
  • Area: 42,822 square miles
  • Population (2011): 7 364 570
  • University degrees: 22% of population
  • Native language: Bulgarian
  • Foreign languages: English, German, French, Spanish, Russian
  • Religion: 83% Orthodox Christian
  • Government: Parliamentary democracy
  • No currency risk, local currency is pegged to the Euro
  • Bulgaria has one of the EU’s most favorable taxes
  • Europe’s most competitive salary levels
  • Highly skilled, multilingual work force