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 17%. 90% of Bulgaria’s tech companies are in Sofia.
IT Sector in Sofia
Overview
17%
of Sofia’s exports
produced by the IT sector
100 000
employees
3-4 times
higher salaries
than the national average
BGN 4,255 million in revenues for 2020
fastest growing sector
67%
increase in new jobs
between 2015 and 2020
17%
production growth to the capital
14th place
among the countries with the best software developers in the world
35%
of working in the sector are women
+ 143%
increase in turnover
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:
