In 2017, outsourcing contributed 4.8% to Bulgaria’s GDP, or EUR 2.1 bln. This is identified by the data in the Annual Report of the Bulgarian Outsourcing Association (BOA) for the development of the outsourcing industry in the country. The industry is growing substantially faster than the national economy in 2017. Last year, outsourcing contributed 4.8% to Bulgaria’s GDP compared to 4.2% in 2016. The outsourcing industry’s results for 2017 are better than expected – the operating revenue grew at 18.2%, surpassing the 13.5%, predicted by last year’s report. If the positive trend persists, the industry’s revenue is expected to double to EUR 4 bln and contribute up to 7.9% of the country’s GDP by 2021.
Read the full article here: https://itonews.eu/bulgaria-outsourcing-industry/