Bulgaria climbs 11 places in the business digitalization chart

Our country ranks 47th of 115 countries in the Euler Hermes ranking for 2019. Bulgaria climbs 11 positions to 47th place of 115 countries in the annual Euler Hermès business digitalisation rating. With this result, our country becomes the most dynamically developing country in the region of Central and Eastern Europe, commented from the association. […]

eBay Global SME Support Program – Export Revival will start in Plovdiv in September 2019

On September 27th, 2019 the Municipality of Plovdiv will host an event for the launch of a global eBay program, promoting small and medium-sized businesses. The program, called “Export Revival”, is implemented in partnership with eBay, Municipality of Plovdiv, the Executive Agency for Promotion of Small and Medium-Sized Enterprises and Contento.tech. The purpose of the […]

CAPITAL CITIES – A business meeting in Plovdiv and the region

The “Capital Cities” event will take place on September 26th, 2019 at “Ramada Princess Trimontium” hotel, Plovdiv. The purpose of the event is to provide an opportunity for discussions for the development of local economies and important urban centers of Bulgaria, as well as to create conditions for dialogue between the active companies in the […]


Key findings The BOA 2018 Annual Industry Report includes data about 477 Bulgarian companies engaged in business process outsourcing (BPO) and information technology outsourcing (ITO). Based on the analysis of the data we identified the following highlights for the development of Bulgaria’s outsourcing industry in the five-year period 2013-2017. Сontribution to GDP In 2017, outsourcing […]

Vocational Training Center opened in Rakovski Industrial Zone, part of Trakia Economic Zone (TEZ)

The Deputy Prime Minister Tomislav Donchev together with the Plovdiv Regional Governor Zdravko Dimitrov, the Deputy Mayor of Plovdiv Municipality for Education, Business Development, European Policies and International Cooperation Stefan Stoyanov and representatives of Trakia Economic Zone opened a new Vocational Training Center at Trakia Economic Zone (TEZ). There graduates from six Plovdiv high schools […]

Over 6000 people work in the outsourcing field in Plovdiv

The industry of outsourcing services accounts for 4.8% of Bulgarian GDP The size of the outsourcing sector in Bulgaria amounts to 2.1 billion euro in 2017. This is shown by the data of the Annual report on the industry development of the Bulgarian Outsourcing Association (BOA). The sector is growing significantly higher compared to the […]

The business expects growth in the economy and the incomes in 2019

There is optimism, but more moderate than a year ago, according to a study of Bulgarian Industrial Capital Association (BICA) Bulgarian Industrial Capital Association (BICA) expects Bulgarian gross domestic product to grow by 3.8% in 2019 and the total cost of employers per work hour for an employee in the country to grow by 8.4%. […]

The smart decisions of smart companies

How Industry 4.0 helps with data processing or manages to “listen” to the machines “Thank you, Industry 4.0, because we could not keep the pace without the digitization and the automation.” This was said by Milap Patel, Director of “Strategy, transformation and artificial intelligence” at Ericsson, during the third annual forum Industry 4.0, which was […]

The Forum “Industry 4.0” in Plovdiv will reveal the future of production

On October 17, 2018 Plovdiv will be a host of one of the most important business forums in the country – “Industry 4.0”. This year the theme is production of a new generation, or how connected devices and intelligent technologies optimize the work process. Guests of the event will be the Minister of Economy Emil […]