{"id":13613,"date":"2016-11-30T08:46:07","date_gmt":"2016-11-30T08:46:07","guid":{"rendered":"https:\/\/sr-management.bg\/bulgaria-worlds-ninth-preferred-outsourcing-destination\/"},"modified":"2016-11-30T08:46:07","modified_gmt":"2016-11-30T08:46:07","slug":"bulgaria-worlds-ninth-preferred-outsourcing-destination","status":"publish","type":"post","link":"https:\/\/sr-management.bg\/nl\/bulgaria-worlds-ninth-preferred-outsourcing-destination\/","title":{"rendered":"Bulgaria is the world&#8217;s ninth most preferred outsourcing destination"},"content":{"rendered":"<p>Bulgaria&#8217;s second largest city Plovdiv is an example of the country&#8217;s thriving <strong>outsourcing industry<\/strong>, accounting for almost 4 per cent of GDP, according to the Bulgarian Outsourcing Association (BOA). Bulgaria is the world&#8217;s ninth &#8220;most preferred&#8221; outsourcing destination in consultancy A T Kearney&#8217;s 2014 Global Services Location Index, The Financial Times reports.<br \/>\nFluency in languages and traditions in software development and programming are a draw, while <strong>macroeconomic stability<\/strong> and a currency pegged to the euro add to the country&#8217;s appeal. Outsourcing employees&#8217; wages are low compared with western Europe, but allow a better quality of life than most sectors.<\/p>\n<p>Investors have been attracted to the Plovdiv area in part by the Trakia Economic Zone (TEZ), a public-private partnership comprising six industrial zones clustered in and around the city. <strong>Companies<\/strong> are enticed by comprehensive infrastructure and fast-track procedures. TEZ is Bulgaria&#8217;s first such area to receive focused state support, which allows even small municipalities to apply for project funding from the national budget or EU programs.<\/p>\n<p>Investment into TEZ projects has topped \u20ac1bn since its zones started to grow in the 1990s, with another \u20ac800m expected in the next 10 years.<\/p>\n<p>&#8220;We&#8217;re conservative in these estimates, the interest is steadily growing,&#8221; says Plamen Panchev, TEZ managing director and chairman of construction group Sienit Holding, which played an important role in creating the TEZ.<\/p>\n<p>More than 100 investors, most from Europe, have been drawn by business-friendly legislation, low labor costs and the <strong>10 per cent flat tax<\/strong> that Bulgaria offers foreign companies. Among them are ABB, the Switzerland-headquartered power and automation group, and German supermarket group Kaufland.<\/p>\n<p>&nbsp;<\/p>\n<p>Source: <a href=\"http:\/\/www.standartnews.com\/\">http:\/\/www.standartnews.com\/<\/a><\/p>\n<p>For the original full length article please go to:<a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/6319afee-ffdb-11e4-bc30-00144feabdc0.html#axzz3cF0wDj9G\">\u00a0http:\/\/www.ft.com\/intl\/cms\/s\/0\/6319afee-ffdb-11e4-bc30-00144feabdc0.html#axzz3cF0wDj9G<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bulgaria&#8217;s second largest city Plovdiv is an example of the country&#8217;s thriving outsourcing industry, accounting for almost 4 per cent&#8230;<\/p>\n","protected":false},"author":1,"featured_media":11341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[201,239],"tags":[495,600],"class_list":{"0":"post-13613","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sr-blog-bulgaria-news-nl","8":"category-doing-business-in-bulgaria-nl","9":"tag-outsourcing-nl","10":"tag-outsourcing-industry-nl"},"_links":{"self":[{"href":"https:\/\/sr-management.bg\/nl\/wp-json\/wp\/v2\/posts\/13613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sr-management.bg\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sr-management.bg\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sr-management.bg\/nl\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sr-management.bg\/nl\/wp-json\/wp\/v2\/comments?post=13613"}],"version-history":[{"count":0,"href":"https:\/\/sr-management.bg\/nl\/wp-json\/wp\/v2\/posts\/13613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sr-management.bg\/nl\/wp-json\/wp\/v2\/media\/11341"}],"wp:attachment":[{"href":"https:\/\/sr-management.bg\/nl\/wp-json\/wp\/v2\/media?parent=13613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sr-management.bg\/nl\/wp-json\/wp\/v2\/categories?post=13613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sr-management.bg\/nl\/wp-json\/wp\/v2\/tags?post=13613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}