Bulgaria, The New Bangalore?”
For outsourcing, Bulgaria is ‘in’ San Francisco Chronicle, May 16, 2006: A.T. Kearney Global Services Local Index, which ranks the top 40 worldwide outsourcing destinations, last year included Bulgaria and Romania on its list for the first time, in 15th and 24th places, respectively. A low-cost, highly educated workforce, combined with solid infrastructure, economic and political stability, geographic proximity and fewer security concerns are just some of the factors helping the region cut into the early gains of the Asian countries. “There is a very high comfort level associated with doing business in Bulgaria. Bulgarians are hungry for success. … They understand what’s going on in the global business world and want to be a part of it,” said Bill Korstad, chief executive officer of Denver’s Unitime Systems, which has a contract for software development with a Bulgarian company for half of what it would have cost to hire an American business. According to the World Bank, Bulgaria’s e
