Offshoring

BELGRADE - Serbia needs a smaller and more efficient administration, and the government will try to keep the number of layoffs minimal and focus them on party apparatchiks who are not doing their job well, Serbia's Prime Minister Aleksandar Vucic said on Saturday.

In a few months' time, three leading outsourcing firms will open offices in Bulgaria's Plovdiv.

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According to a statement on Wednesday, the HIDAA has filed charges with the prosecutor's office against 16 officials, including former Socialist MP Harasani, under article 257/a of the criminal code.

If found guilty, the ex-MP faces a sentence ranging from a fine up to three years of imprisonment.

By Tasos Telloglou

Within the next couple of months Greece will need to incorporate the Foreign Account Tax Compliance Act (FATCA) in its legislation, according to which Greek banks must report to US tax authorities the account movements of US citizens in the local banking system.

Bulgaria is among the most preferred outsourcing destinations in the world and the only European country in the top 10 list of most attractive countries for such activities, done by the analysis company A.T. Kearney.

Bulgaria is at the ninth position among 51 countries in the world and climbs up eight positions in the list since 2011, when the previous survey was done.

Believing that the military should only be the end user for operations like logistics, not the supplier as well, army officials are looking to outsource more systems to outside firms.

The Reformist Block referred the government decision to give priority to construction of a resort in Karadere to the prosecution..

The coalition also demanded the resignation of Economy Minister Dragomir Stoinev. 

According to the coalition, the project was in violation of the Limiting of Offshore Companies Act, recently passed by Parliament. 

Ukrainian global outsourcing product and application development company SoftServe announced the opening of a software development center in Sofia, Bulgaria.

The center will augment various software development engagements to support the company's vertical strategy.