ME Digitization Supports Bulgarian Exports

Bulgarian government supports the digitization of SMEs and increasing the share of digital trade as a strong instrument to increase Bulgarian export.

The Economy Ministry strives to be an active partner of businesses and global leaders in the sphere of ICT. Incentives like joint courses organized with Google which have taught digital skills to 26,000 people are just an example.
Over the past 10 years, more than 1 billion euro was invested in support of SMEs under Operational Programme Competitiveness and Operational Programme Innovation and Competitiveness. A large portion of these funds were intended for the introduction of innovative and technological solutions.

The added value of the country’s ICT sector, covering anything from components to software products, amounts to over 1.4 billion euro annually, rising by 22 per cent in 2016. According to Eurostat, about 65,000 Bulgarians are employed as specialists in the field and each year over 4,000 students graduate in such specialties from Bulgarian higher educational establishments.

There is also an increasing interest from foreign investors in the sector. Many EU entrepreneurs set up Bulgarian companies in order to benefit from the growing market and favourable business environment.

On the last week of November 2018 Deputy Economy Minister Alexander Manolev unveiled a discussion on the digital challenges facing businesses, his ministry reported. The forum was organized by the Bulgarian Chamber of Commerce and Industry (BCCI) and the National Business Network Association (NBNA). Its opening was attended by European Digital Economy and Society Commissioner Mariya Gabriel.

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