Tue. Oct 19th, 2021

2007 welcomed Bulgaria into the European Union and into the worldwide buying and selling relationship with many nations. And 2008 guarantees even better commerce and funding achievements with bilateral investments into the world’s economic system. The Bulgarian economic system will proceed to develop at a 5.5%-6% per yr, and company tax charges had been lowered to 10%. That is inflicting buyers from numerous nations to take discover of the expertise pool and the capabilities of the assets accessible.

Data and Communication Applied sciences

As Bulgarian firms push ahead to extend their competitiveness within the EU, the Bulgarian authorities continues to adapt with EU commerce practices. On the identical time the laws works on numerous features of the digital economic system, new and expanded alternatives exist within the data and communication expertise sectors.

Worldwide data expertise firms discover Bulgaria engaging due to the 0% export tax, comparative low salaries and excessive talent degree of the native workforce. Each fastened and cell segments of the Bulgarian ICT market nonetheless have excessive progress potential with giant investments anticipated in each segments. Quite a few international firms are opening name/service facilities, software program improvement firms, and numerous different ICT associated firms have opened places of work in Bulgaria.

There are alternatives for participation in tenders on the market of computer systems, peripherals and servers for presidency procurement. The federal government of Bulgaria has an e-government initiative that may present main alternatives. With these intentions many world firms are benefiting from the blossoming alternatives.

U.S. suppliers of superior phone service options, in addition to value-added telecommunications providers are in demand. Different finest prospects embrace Web providers, wi-fi and broadband Web entry applied sciences, cable tv, and voice-over-Web, routers, switches, entry servers, tools for cell telephony, cable operators’ tools and stuck wi-fi tools. With these providers being made accessible in Bulgaria, the preliminary outlay of a giant capital funding and working prices is loads lower than in lots of different economies.

With these wants Gate2Shop, Microsoft, Siemens are just some of the businesses which have taken benefit of the assets accessible in Bulgaria. These firms have employed from the huge expertise pool right here and made the very best of the expansion on this a part of the world.

Dennis Gannon

MarCom

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