Sofia ranks 2nd among the Top 10 fastest growing tech centers in Europe in terms of annual growth of active members in the ecosystem. In 2017 alone, the growth of the share of IT in Sofia’s economy was close to 20%. 90% of Bulgaria’s tech companies are in Sofia.
IT Sector in Sofia
Overview
14%
of Sofia’s exports
produced by the IT sector
50 000
employees
3-4 times
higher salaries
than the national average
Growth in 2018
+16%
revenue growth
compared to 2017
+10%
employee growth
compared to 2017
+143%
revenue growth in the last 6 years
Distribution of Employees by Activity
30.2%
are programming
11.6%
work in IT consultancy
9%
employed in data processing, hosting etc.
6.7%
work in web-portals & similar
42.5%
employed in other IT activities
Sources: BASSCOM Barometer 2018,
State of the European Tech Report 2018,
State & Development of the IT Industry by Sofia Investment Agency 2017
Some success stories:
