Sofia is among the fastest growing technology centers in Europe, with the IT sector accounting for nearly 25% of the city’s economy. In 2024, startups in the capital attracted a record investment of €1.1 billion. The city is establishing itself as a leading hub for fintech, artificial intelligence and green technologies.
Overview
100,000+
employees in the sector
17%
of Sofia’s exports
3–4×
higher salaries than average
Revenue and Growth
Revenue for 2024
€3.73 Billion
The fastest growing sector in Sofia
60%
job growth between 2020 and 2025
20%
production growth in the capital
#12
worldwide for best software developers
27%
of those in the sector are women
+12.4%
turnover growth
Sources: BTA
Distribution of Employees by Activity
30%
Programmers
Software development and engineering
Software development and engineering
35%
IT Consultants
Consulting and management services
Consulting and management services
7.7%
Data Processing & Hosting
Server services, cloud technologies
Server services, cloud technologies
6.7%
Internet Portals & Other
Web platforms and digital services
Web platforms and digital services
42.5%
Other IT Activities
Cybersecurity, AI, IoT and more
Cybersecurity, AI, IoT and more
Sources: BASSCOM
