If you’re planning to open a new business, start a department, or generally enlarge your current operations and eventually hire people in Bulgaria, you need to read this.

This page contains the most relevant and updated information, tips, information, and links this guide will help you to make the right choices, taxes, rules and employment plans when hiring in Bulgaria.

Summary of hiring in Bulgaria:
it has a great reputation in the world of science and education. It also offers unique advantages for hiring/outsourcing your IT development services:

  • Bulgaria has a great reputation in the world of science and education. The country ranks 5th in the world of sciences, and 11th in the world of mathematics according to the (World Bank and the Economist ranking).
  • Bulgaria is ranked as the eighth country globally, and third in Europe, in the “Global IT IQ Report” with 8,844 certified IT professionals.
  • 5,500 students graduate each year with a university-level IT education. Bulgarian students are ranked 2nd in the world in SAT scores.
  • Attractive geographical location – easy to reach from Europe.
  • Time difference of +/-2 hours within Europe.
  • EU membership since 2007.
  • English level – most IT professionals have conversation-level knowledge of English.

Table of contents

Outsourcing to Bulgaria

Outsourcing is a topic that has been in the middle of firm strategy debates around the world. As companies grow, their labor needs growth with them. As a result, HR managers are always on the lookout for fresh talent to help steer the business to the next level. Outsourcing is giving companies a chance to access and hire the talent they are looking.

Most popular outsourcing markets

In recent years, a number of key outsourcing markets have emerged. They include Eastern Europe, South East Asia, and South America.

The 6 advantages of hiring in Bulgaria

advantages of hiring in Bulgaria

Well, if East Europe is your first pick, then you must pick Bulgaria to meet your talent needs.

Here are some reasons why:

Bulgaria has an outstanding reputation when it comes to education especially in the sciences.

The World Bank report ranked the country 5th globally in the sciences and 11th in mathematics. These kinds of statistics simply guarantee that you will get qualified candidates who are capable of handling the jobs you have to offer.

The pool of IT certified professionals in Bulgaria is also world class. In the Global IT IQ report, the country’s IT talent was ranked third in Europe and eleventh globally. There are nearly 9, 000 IT experts in the country ready to serve.

Bulgaria is also located strategically within the EU. It can easily be accessed from different partsof the world especially for clients who are coming from Europe and the North America.

The pool of IT graduates in the country is also quite impressive. On average, there are about5500 students in Bulgaria who graduate with IT level education. And it’s not just about getting graduates for the sake of it, Bulgaria delivers top of the line graduates. The students were in fact ranked 2nd globally in SAT scores.

Bulgaria has been a member of the EU since 2007. This can give businesses unrestricted accessto the country and the labor force it has to offer. It can also be a gateway to other European markets.

Communication is very important for any IT project to succeed. English levels in Bulgaria are also impressive. Most IT professionals in the country can easily communicate eloquently in English.

Let’s not also forget the time zone. The time difference between Bulgaria and the western world is just 2 hours. This means that projects can easily be coordinated on a real time basis for the best results.

Other companies that discovered Bulgaria

The advantageous conditions for outsourcing to Bulgaria have been identified by many International IT companies. They have expanded their local Bulgarian IT departments during the last 10 years.

These include:

  • HP (5,000 people), CSC (600 people)
  • SAP Labs (500 people) and
  • VMware (300 people), to mention a few companies.

Important information for hiring in Bulgaria

Market

  • Bulgaria Population – 6,948,445 (Worldometers.info – 2020)
  • Capital –Sofia, 1,280,968
  • GDP: €65.13 billion (2020)
  • GDP per capita: €9 518 (2019)
  • Number of labor workforce – 2,31 million (September 2020)
  • Employees by leading economic activities (March 2020)
  • Manufacturing – 513 662
  • Construction – 125 076
  • Agriculture, forestry and fishing – 75 331
  • Wholesale and retail trade;repair of motor vehicles and motorcycles – 394 958
  • Administrative and support service activities – 117 728
  • Public administration and defense -113 745
  • Education – 167 179
  • Human health and social work activities – 144 309
  • Unemployment rate: 4.5% (January, 2020)
  • Urban area: 4.3%
  • Rural area: 9.6%