powerpoint presentation · representation and coverage in bulgaria education we work together with...
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DISCOVERBULGARIA
The most welcoming business environment in EU
GENEROUS TAX REGIME
EMPLOYER FRIENDLY SOCIAL SECURITY
COMPANY REGISTRATION
MAJOR OPPORTUNITIES FOR UK COMPANIES
MAJOR OPPORTUNITIES FOR UK COMPANIES
GROW YOUR BUSINESS – UK & BULGARIA
BBBA are glad to announce that we are partnering with the Trade Connector to bring to Bulgarian companies the opportunity to connect with businesses in the UK through a trademark online event.
More information on the BBBA website:
September 2020
The Adecco Group
Business environment
Attractive EU nearshore business-friendly destination with strong IT infrastructure
Low employment cost, EU legislations
The Adecco Group
Employment
Culture
Friendly people with European mentality
The Adecco Group
The Adecco Group
University educated workforce (including abroad) with diverse skillset and strong multilingual and IT skills
Talent
The Adecco Group
Some of the companies whom we are helping with the right HR solution!
Adecco Group Bulgaria1766 Sofia, Mladost 4,Business Park Sofia, Building 4, Ground floor
Konstantinos MilonasCluster Head - Greece & Bulgaria
M +30 694 6681 [email protected]
Dimitar IvanovSales and Operations Director
M +359 885 161 [email protected]
Bulgarian Business Services overview
September 24, 2020
About AIBEST
AIBEST - Association for innovation, business excellence, services and technology is an independent industry organization whose objective is developing Bulgaria and SEE as a leader for knowledge-intensive products, services, solutions, and world-attractive destination for educated talent.
Aiming at driving knowledge, innovation, technology and professional ethics to further improve the business environment, and shape the future of knowledge-based economy, we are the voice of companies from all spheres of the modern business services industry – companies offering services related to BPO, ITO, KPO, LPO, HRO and others. Representing and protecting the interests of more than 35 000 people.
The industry at a glance
➢ 2018 : 2.4 billion E
➢ 2022 : 4.8 billion E
Contribution to Bulgaria’s GDP
*According to data from AIBEST industry report 2019
Number of companies
Top ecosystem players
Member Benefits
We represent and protect the business interests of our member companies and the knowledge industry who improve Bulgarian education and business through business activities and impactful causes, and thus become the driver of the Bulgarian economy.
Being a part of our ecosystem you will:
➢ Be represented locally, on SEE and on Global level;
➢Make an impact by being among the drivers of the Bulgarian economy, influence the education and job market.
➢ Enlarge your network by participating to our dedicated events and meetings, and getting insights and discounts for the biggest industry networking events in the world;
➢ Boost your brand presence by taking advantage of our partnership opportunities, sharing your corporate news to a wider audiences via our owned channels;
➢ Gain and share knowledge by being part of our working groups by interests, dedicated trainings or lead sessions in our Master university programs;
➢ Get industry insights through your exclusive access to our industry reports as well as take part in internal benchmarking industry surveys;
Representation and coverage
In Bulgaria✓ Education
We work together with the educational
authorities and institutions to adapt the
education to the business and provide high
quality education in IT and modern
business services management.
✓ Social policy and labor
We work together with the national
Authorities to adapt the legislation to the
business needs in spheres where we see a
need (work from home regulations; blue
cards regulations etc.).
✓ Regional development
We work together with the regional
authorities to promote their advantages
and gain more investments to boost the region’s economy
SEE regional coverageWe are establishing the SEE AIBEST
Alliance - a cooperation platform for
exchange of information, best practices
and know-how among country-based
organizations in the field of innovation,
business excellence, services, IT,
entrepreneurship, new technologies and
education in Southeast Europe (SEE) -
Albania, Bosnia and Herzegovina,
Bulgaria, Croatia, Kosovo, North
Macedonia, Moldova, Montenegro,
Serbia and Slovenia.
Our purpose is to drive the development
of knowledge economy in the Region, to
improve the business environment and
collaboration and to position SEE as a
market, offering high value added
services and solutions via accessible
expert workforce.
Global coverageAIBEST – founding member of the Global
Technology and Business services Council
/representing the SEE/
✓ Promote the industry globally,
capturing and sharing the value it
adds and the innovations it drives
✓ Advance industry growth
✓ Provide a global network to develop
and share best practice around the
world
The industry response to C-19
The industry is key
in transforming
businesses quickly
and making them
more resilient moving
forward
The industry is the biggest
university in the world and a
main striver for better quality
education reflecting the
business needs
The industry is the main partner of
governments towards digitalization
strengthening the connection with
the population and with higher
accountability in the future
The industry is a
key driver of
major CSR
campaigns
Government
Economic
Education
Community
Why Bulgaria?
➢ #1 in Europe & #3 worldwide in number of IT-certified specialists per capita
➢ #5 in Europe & #8 worldwide in Internet speed
➢ Reliable IT infrastructure to ensure business continuity
➢ Security & privacy of confidential business information safeguarded by regulations
➢ 28% of population holds a university degree
➢ 80% of university graduates speak English
➢¼ of the 60,000 students per year pursue a degree in language studies, including Japanese
➢ 7% of the workforce has engineering degrees
➢ 50% of graduates obtain degrees in majors suitable for the sourcing industry
SEPTEMBER 2020
BULGARIAINVESTMENT OPPORTUNITIES
Competitive advantages
BULGARIAN OFFICE MARKET
➢ Availability of prime office
space in Sofia and emerging
office markets in the regional
cities
➢ Favourable office rents, the
lowest within the CEE region,
and low cost of utilities
➢ Competitive overall cost of
business
➢ Strong presence of ICT and
BPO business in Sofia, with
expansion in regional cities
➢ Educated and skilled work
force Sofia
15 €/sqm
Bucharest
19 €/sqm
Budapest
25 €/sqm
Prague
23.5 €/sqm
Warsaw
24 €/sqm
Prime rents across CEE
BUSINESS HUB
✓ Sofia is a competitive business location,
offering low operating costs, large talent pull,
business friendly tax rates and good transport
connections to most EU capitals
✓ The city is a regional ICT and outsourcing
center with over 50,000 people employed in
these industries. Global leaders like HP, SAP
Labs, VMware, IBM, CISCO and others
operate large R&D centers there
✓ Office markets in big cities still emerges,
although with strong potential
Sofia and regional cities
Cushman & Wakefield | Client name 33
10%
18.20%
10.60%
26%
3.30%
4.50%
5%
9.20%
13.30%
Main sectors in Sofia(value added in %)
BPO&SSC
ICT
Manufacturing
Retail
Real Estate
Production &ElectricityConstruction
Transport
Others
Cushman & Wakefield | Client name
ICT & BPO major tenants
OFFICE MARKET
Sofia
Plovdiv
Burgas
Varna
Cushman & Wakefield | Client name
2 020 112 sqm
Class A and B office supply in Sofia
379 547 sqm
under construction (to be delivered by the end of 2022)
15 €/sqm
Prime asking rent in CBD
109 000 sqm
scheduled for delivery in the next 6 months
10.6% vacancy rate
7.5%prime yield for office
transactions
SOFIA OFFICE MARKETOverview
Cushman & Wakefield | Client name
SOFIA OFFICE MARKETActive occupiers
IT & BPO
Finance19%
Health & Life
Science3%
Other17%
2015
IT & BPO62%Finance
5%
Health & Life
Science5%
Other28%
2016
IT & BPO
Finance6%
Health & Life
Science11%
Other20%
2017
IT & BPO73%
Finance5%
Health & Life
Science3%
Other19%2018
IT & BPO60%
Finance3%
Health & Life
Science5%
Other32%
2019
Cushman & Wakefield | Client name
Main office locations - supply
SOFIA
CBD
232,662 sqm
Broad center
199,900 sqm
Main road
Tsarigradsko
377,626 sqm
N.Vaptsarov –
Paradise
Center
129,670 sqm
Todor Alexandrov
Blvd.
48,640 sqm
Business Park
Sofia
113,038 sqm
South ring
office zone
143,585 sqm
Michaela Lashova
RICS Ambassador for SEE
Managing Partner
Cushman & Wakefield Forton
47А, Tsarigradsko Shose Blvd.
1124 Sofia, Bulgaria
+359 884 383 890
Experian Bulgaria Global Delivery Center
Established in 2004
Recognized brand on the local market
Green office with attractive work environment
Fastest growinglocation
Cushman & Wakefield | Client name