Why is Bulgaria the leading destination in Eastern Europe for IT?

In its Global Competitiveness Report 2014-2015 the World Economic Forum has ranked Bulgaria 54th in the world out of a total of 144 countries, and for a third year in a row, Bulgaria has improved its score. This reports also highlights that Bulgaria outperforms a number of other EU countries, including Romania, Hungary, Slovenia, Slovakia, Croatia and Greece.

The Bulgarian IT sector has been one of the driving forces behind the countries steady growth over the past few years. With an average annual increase of 17% since 2007, the ICT sector is one of the fastest growing sectors of the economy. It generates 10% of the Bulgarian GDP.