Bulgarian IT Industry Completive Globally, Boasts Revenue Growth
Bulgaria's software industry is among the few left unaffected by the world pandemic. Quite the opposite - the crisis born of the global spread of coronavirus actually gave an impetus to one of the few Bulgarian industries that are competitive globally.
According to data of the Bulgarian Association of Software Companies (BASSCOM), in 2020 the sector marked a 10% growth in revenues, compared to the 5.5% drop in GDP in the country. Almost 38,000 people were employed in the software sector during this period, their numbers expected to reach 41,667 by the end of 2021. More than 60 software brands have offices on the Bulgarian market, and entrepreneurs from more than 20 different nationalities have been setting up new companies and opening offices in the country despite the crisis, a BASSCOM study shows.
Almost half of the vacancies now available are for distance work. Not to mention the fact that, on average, the pay is more than three times higher than in any other sector in the country. What are the salaries of IT specialists in this country?
"They vary. Let us say - for junior positions, i.e. for someone who is yet to graduate, the monthly pay may start at 1,700-1,800 Leva but then climbs steeply very quickly. Two years later they could earn a monthly salary of 5,000, depending on the projects and the technologies they are working with. People with plenty of experience over many years - for example, with more than 10 years...