Bulgaria wins Offshoring Destination of the Year Award | TELUS International Europe Blog
  • Bulgaria wins Offshoring Destination of the Year Award

    October 14, 2015

    And the winner is…Bulgaria! Offshoring Destination of the Year!

    downloadAs a business process outsourcing and information technology outsourcing provider operating in Bulgaria for more than 10 years now we are delighted to share with you that Bulgaria was awarded “Offshoring Designation of the Year Award” at the European Outsourcing Association Awards (EOAA) 2015.

    The Award ceremony was held on October 8, 2015, at the Pestana Palace in Lisbon and “celebrated the successes of outsourcing buyers and service providers who have demonstrated the very best practice in pan European outsourcing.”

    Bulgaria was nominated in the category “Offshoring Destination of the Year” along with Latvia and South America.

    Here’s what Stefan Bumov, chairman of the Bulgarian Outsourcing Association, shares about the award: “The award is recognition for the outsourcing industry development in Bulgaria and that our country is a world class business destination. This is an award for the Bulgarian State and recognition of the human capital and good business practices in the country, of the stability and development prospects of the Bulgarian business sector.” (Source: Bulgarian Outsourcing Association, outsourcinginbg.com)

    The outsourcing industry in Bulgaria is flourishing

    The outsourcing industry is among the most rapidly developing sectors in the Bulgaria in the last couple of years as more international companies enter the country. The software industry has formed 1.74% of Bulgarian GDP, and for the past 10 years the revenues of IT companies grew by 600%.

    The outsourcing sector is among the most dynamic and fast-growing businesses in Bulgaria. For 2014 the industry experienced an increased of 13.7% compared to 2013 and now represents 3% of the country’s GDP. Also in 2014 the outsourcing sector has given opportunities for career and professional growth to over 33 000 young professionals in Bulgaria. Reports from mid-2015 of Invest Bulgaria Agency informs that this number has reached 41 000 people.

    Bulgaria is one of the four shortlisted countries in 2015 National Outsourcing Association Awards (NOAAs) in “Offshoring Destination of the Year” category along with Slovakia, South Africa and Sri Lanka. Winners will be announced in November 2015.

    You can check out our infographic “Why outsource your business in Bulgaria?” for more stats and facts Bulgaria as a preferred outsourcing destination.

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