AIBEST: Companies in the High Value-added Business Services Sector Increase by 5%, and Employees – by Nearly 8%
Image Source: AIBEST
The Association for Innovation, Business Services, and Technologies (AIBEST) presented data from its annual report on the development of the knowledge economy in the country during the annual meeting of the association on October 2nd.
According to the survey, the number of companies in the high value-added business services sector is growing by 5% on an annual basis, with 610 companies operating in the industry by 2019.
More data from the report:
- – Employment in the sector has increased by nearly 8% compared to 2018.
- – Wage costs amounted to 1.463 billion euros, an increase of 18.3% compared to the previous year.
- – Insurance expenses also follow a growth rate and reach EUR 204.3 million or 19.02% growth compared to 2018.
- – The companies in the sector generated EUR 2.87 billion in total operating revenues in 2019 – an increase of 19.4% compared to the previous year.
The full AIBEST report on the development of the economy of knowledge will be published soon.
The AIBEST Annual Summit was attended by representatives of the country’s largest technology companies, local authorities, and the government. As part of the Summit, the AIBEST Annual Awards were presented in seven categories:
- – “Employer of the Year” – Softserve
- – “IT (Outsourcing) Company of the Year” – Experian
- – “Best Business Process Outsourcing Company” – Sutherland
- – “Innovation of the Year” – Bulpros
- – “Project of the Year” – Experian
- – “Most socially responsible company” – Telus
- – “Best business sustainability strategy in times of crisis” – A data pro
- – “Technological business building of the year – Caritage park
- – “Partner with high contribution to the development of technological business” – Burgas Municipality
