Guess what:
Bulgaria has become a leading destination for both local and international experts.
What’s more, the country attracts professionals from around the world looking for opportunities to enhance their skills and contribute to the dynamic industry landscape.
The result?
Bulgaria is progressively ensuring its place as a global player in the IT field and is doing justice to its title as “Eastern Europe’s silicon playground”.
Bulgaria – a Land of Opportunity and Growth
The country’s technology sector has seen a remarkable 12% increase in employment in 2024. It is safe to say the technology community will only continue to thrive.
What makes it so appealing?
- strong focus on education and continuous progress
- investment in human capital
- environment that encourages creativity and collaboration
- banitsa
The Capital City
The capital of Bulgaria – Sofia, stands out in many ways.
Here are some:
- It is the most cost-effective fintech location globally
- The operating costs are competitive
- It offers an attractive mix of professional and personal development opportunities
- The business climate is favourable
- It creates opportunities for growth and innovation
- The fintech ecosystem is vibrant and dynamic
- It provides a stimulating environment for cross-collaboration
- The achievements and horizons are constantly expanding
- It boasts a fast-growing technology community
Market scalability
The IT market in Bulgaria is experiencing rapid growth, with demand for skilled experts steadily increasing.
You may ask why?
Skilled Workforce Demand
This upward trend is due to several factors:
- the country’s strategic location – with approximately 10 000 ICT companies it is a top outsourcing destination.
- competitive operating costs – employers look to hire the best talent that can meet the complexity of today’s technology projects.
- continuous market expanding – it isn’t a coincidence that Bulgaria is referred to as the Silicon Valley of Eastern Europe.
- availability of highly educated talent – the tech talent pool is also substantial, with recent studies reporting a total of over 101 000 ICT experts.
- increased demand for strategic decision-making – the commitment to producing a top-notch workforce only grows stronger with higher skill requirements.
As a result, IT professionals need to constantly keep up with the latest developments to remain competitive in the job market.
Presence of a Favourable Environment
The growing demand for IT labour highlights the need for long-term planning and investment in human capital development.
And Bulgaria really has it all figured out.
The supportive environment encourages:
- learning
- collaboration
- innovation
- talent retention
- economic growth
In putting so many resources into the “human factor”, its position as a major player in the global technology landscape only grows stronger.
Competitive Advantages
In the IT sector competitors are increasing production and service levels by launching targeted marketing campaigns and forming partnerships with organizations.
What is the aim of these strategies?
Well, they allow them to stay ahead of the curve and possess a competitive advantage in the market.
And this really does make a difference.
There has been a 35% increase in fintech companies founded since 2020, indicating that the sector remains attractive to entrepreneurs and investors.
This is what many of them do:
- use digital marketing to reach a wider audience
- increase brand awareness
- generate leads
- participate in events/conferences
- establish industry connections
- connect with potential clients
- showcase experience and expertise
- form partnerships
Choose your partners diligently and don’t forget – two heads think better than one.
We at Expert Allies can assist you in your endeavours.
Contact us now and have the first consultation for free!
The Best Digital Nomad Destination
Bansko, a charming town nestled at the foot of the majestic Pirin Mountains, has become a popular destination for digital nomads from all over the world. The city offers a refuge from the daily routine and is a paradise for adventure.
Let’s get straight to the point.
This is what Bansko has to offer:
- low cost of living – compared to other European cities, the costs of accommodation, food and everyday items in the city are affordable, which allows nomads to enjoy longer stays and explore the surrounding area.
- infrastructure – it supports a strong online presence, with reliable internet easily accessible from everywhere.
- constant connectivity – it allows them to perform their work duties without interruption, while making the most of the region’s natural beauty.
- sense of unity – there are weekly events, organized specifically for digital nomads, which serve as a platform for connecting and exchanging ideas between people from all over the world.
Bansko not only offers digital nomads the perfect combination of historic charm, modern comfort and breathtaking natural beauty, but provides them with the perfect environment for a change of pace.
Digital Nomads Visa Requirements
Maybe it’s obvious, but there are certain regulations when it comes to acquiring a visa, depending on the country of origin.
Here are the basics:
For EU Citizens
European Union citizens do not need a visa to enter the country.
In general, there are no special requirements for digital nomads who wish to stay short or long term.
Keep the following in mind:
It is important to become familiar with local laws and regulations regarding working without a visa and staying.
For non-EU Citizens
Non-EU citizens’s situation is something else.
There are different digital nomads visa regulations depending on the country of origin of the person.
Take this as an example:
According to the EU entrance policies, the US has a time limit of 90 days (about 3 months) and after it expires the person must apply for a long-stay visa.
It is similar with the UK, where the time limit is 90 days (about 3 months) as well and people’s passports are stamped upon arrival.
Note that:
It is advisable to check the latest information from the country’s embassy or consulate, as well as visit the migrations office.
To Sum Up
So, what were the key points here?
The rapidly developing IT market makes for a competitive environment inside the IT sector and encourages innovation and collaboration.
Then we have the visa regulations, which are simply fantabulous for both EU and non-EU citizens.
Shortly said – Bulgaria really has it all.
FAQ
Why is Bulgaria a leading destination in the IT field?
Bulgaria is a leading IT destination due to its strong education system, investment in human capital, and a collaborative environment. The tech sector’s 12% employment growth in 2024 highlights its appeal, drawing local and international professionals seeking opportunities.
As a digital nomad, do I need a visa to stay in Bulgaria?
As a digital nomad, whether you need a visa to stay in Bulgaria depends on your country of origin. EU citizens do not need a visa for short or long-term stays. Non-EU citizens generally have a 90-day limit and must apply for a long-stay visa after this period. It’s important to check the latest information from the Bulgarian embassy or consulate.
Which city offers the most opportunities for digital nomads?
Bansko is one option – with its low cost of living, reliable internet, and strong community events, is ideal for those seeking a balance between work and adventure. Sofia stands out for its cost-effective living, vibrant fintech ecosystem, and numerous professional development opportunities – it’s a good option for digital nomads focused on fintech and technology. Meanwhile, Bansko appeals to those looking for a blend of work and nature.