Thriving technology center
The city is also the second IT & BPO center in Bulgaria, which brings balance to the local economy. IT & BPO & B2B are among the most dynamically developing sectors in recent years with over 200 Bulgarian and international companies and 7 000+ employees in IT&BPO alone. Trends from recent years show steady growth in jobs and suggest an increase of nearly 5,000 new ones over the next 3 to 5 years.
The development of the sector over the past few years has come hand in hand with the construction of new Class A offices and shared work centers, with the latter being a preferred work environment for the large community of freelancers. Business clusters in the sector were naturally formed with more and more companies entering the city. The tech companies and the Municipality co-host many specialized events that seek to popularize the field and reach fresh talent pool.
Plovdiv offers great conditions for the establishment of product development companies, fintech and blockchain startups, global business service centers and financial outsourcing companies. The city is among the Top 10 in the fDi ranking of Best FDI Strategy and Cost-effectiveness Among Mid-Sized Cities for 2020.
Bulgaria, as a whole, is one of the most competitive business process outsourcing destinations in the world and is rapidly shifting from customer support services towards more knowledge-intensive activities, such as financial consulting, R&D, technical and data analysis, etc.
Industry sector data
IT&BPO center in Bulgaria
Best FDI strategy among mid-sized cities
fdi intellifence 2020
Due to its location and highly developed educational system the city attracts labor from all regions. The nationally renowned high schools and universities contribute to the rapid development of the sector and annually produce highly-skilled talent in IT, finance & accounting, languages, business management and others.
The only Google Reference School in CEE is in Plovdiv
The strong demand for a highly qualified workforce in the outsourcing sector lays the foundation for intensive cooperation between educational institutions and outsourcing companies. High schools in Plovdiv have a tradition of offering a very high level of education especially in maths and languages. The elite high schools that operate in the city are: Mathematical High School, Ivan Vazov Language High School, Plovdiv Language High School, French Language High School, National Trade High School and others. any of the employees of the local companies that require a high level of foreign language or highly developed analytical and mathematical knowledge, have graduated from these high schools. Due to its location and highly developed educational system the city attracts labor from all regions. The nationally renowned high schools and universities contribute to the rapid development of the sector and annually produce highly-qualified labor force.
Students in advanced language studies
Advantages compared to Sofia and other large cities
Compared to the capital, as in other countries which serve as outsourcing destinations, the second largest city offers a number of advantages. Plovdiv as a city has been recognized for the higher quality of life compared to Sofia (due to less traffic and urban stress, opportunities to reach the workplace by bicycle, public transport, etc.).
The employees in Plovdiv enjoy the city and its opportunities for sports, culture and art. Most of the higher-class jobs in the state administration, finance and B2B services are concentrated in Sofia, which is a factor for stronger competition in the demand for labor. In contrast, the labor market in Plovdiv is not characterized by such strong competition for talent. Compared to the big cities on the coast, employers in Plovdiv do not face fierce competition in the tourism industry or an abrupt leave when the summer season ends.