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Bulgaria exports USD 1 billion of IT services

April 4, 2014



Bulgarian software industry exported goods and services worth over USD 1 billion last year, the whole sector generates about 6% of the country's GDP, reported This is indicated by the White Paper on a New High-Tech Industrialization 2015-2025 which will be released within a week. The authors are leading economists, financiers, engineers, scientists and experts from Bulgaria and abroad. 50% of native IT industry is export oriented, with more than 90% of exports going to Western Europe, the USA and Canada. According to the authors of the book, the annual growth of the software industry is 10% and three quarters of all software companies in the country are owned by the Bulgarians.