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BULGARIA A NEW OUTSOURCING HOT SPOT

Dennis Michael Gannon
October 06, 2008
2007 welcomed Bulgaria into the European Union and into the global trading relationship with many countries. And 2008 promises even greater trade and investment achievements with bilateral investments into the world´s economy. The Bulgarian economy will continue to grow at a 5.5%-6% per year, and corporate tax rates were lowered to 10%. This is causing investors from various countries to take notice of the talent pool and the capabilities of the resources available.

As Bulgarian companies push forward to increase their competitiveness in the EU, the Bulgarian government continues to adapt with EU commerce practices. At the same time the legislation works on various aspects of the digital economy, new and expanded opportunities exist in the information and communication technology sectors.

International information technology companies find Bulgaria attractive because of the 0% export tax, comparative low salaries and high skill level of the local workforce. Both fixed and mobile segments of the Bulgarian ICT market still have high growth potential with large investments expected in both segments. A number of foreign companies are opening call/service centers, software development companies, and various other ICT related companies have opened offices in Bulgaria.


There are opportunities for participation in tenders for sale of computers, peripherals and servers for government procurement. The government of Bulgaria has an e-government initiative that will provide major opportunities. With these intentions many global companies are taking advantage of the blossoming opportunities.

U.S. providers of advanced telephone service solutions, as well as value-added telecommunications services are in demand. Other best prospects include Internet services, wireless and broadband Internet access technologies, cable television, and voice-over-Internet, routers, switches, access servers, equipment for mobile telephony, cable operators´ equipment and fixed wireless equipment. With these services being made available in Bulgaria, the initial outlay of a large capital investment and operating costs is a lot less than in many other economies.

With these needs Gate2Shop, Microsoft, Siemens are just a few of the companies that have taken advantage of the resources available in Bulgaria. These companies have hired from the vast talent pool here and made the best of the growth in this part of the world.

Dennis Gannon

MarCom

www.g2s.com
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Dennis Michael Gannon

The Gannon & Gannon Language School was founded by Dennis and Petia Gannon in 2006, with the goal of providing a better understanding and a higher level of proficiency of the English language through professional teaching and training. With the rapid changes that the global community is making, the role of languages becomes increasingly important both on a national and international scale.

For Bulgaria and the other states of Eastern and Southern Europe, English language education is an important tool for integration within the larger European community. Communicative and student-centered methodology can make the educational process more effective, and enjoyable.

We believe that learning and mastering the English language is an important part of the educational system. We also strongly believe that mastering the English language doesn´t just mean reading and filling in pre-set exercises, but by being able to understand and communicate in both oral and written form.