As Bulgarian companies push forward to
increase their competitiveness in the
EU, the Bulgarian
government continues to adapt with EU
commerce practices. At the same
time the
legislation works on various aspects of the digital
economy, new and expanded opportunities exist in the
information and
communication technology sectors.
International information technology companies find Bulgaria attractive because of the 0% export tax, comparative low salaries and high skill level of the local workforce. Both fixed and mobile segments of the Bulgarian ICT market still have high growth potential with large investments expected in both segments. A number of foreign companies are opening call/service centers, software development companies, and various other ICT related companies have opened offices in Bulgaria.
There are opportunities for participation in tenders for sale of computers, peripherals and servers for government procurement. The government of Bulgaria has an e-government initiative that will provide major opportunities. With these intentions many global companies are taking advantage of the blossoming opportunities.
U.S. providers of advanced telephone service solutions, as well as value-added telecommunications services are in demand. Other best prospects include Internet services, wireless and broadband Internet access technologies, cable television, and voice-over-Internet, routers, switches, access servers, equipment for mobile telephony, cable operators’ equipment and fixed wireless equipment. With these services being made available in Bulgaria, the initial outlay of a large capital investment and operating costs is a lot less than in many other economies.
With these needs Gate2Shop, Microsoft, Siemens are just a few of the companies that have taken advantage of the resources available in Bulgaria. These companies have hired from the vast talent pool here and made the best of the growth in this part of the world.
Dennis Gannon
MarCom
