Figaro: Bulgaria Relies More on Technologies and Less on Taxes

After a long standstill during the 90’s Bulgaria is again relying on technologies, states the online edition of the French Figaro.

The newspaper quotes Zlatko Zlatkov, chairman of the Bulgarian Association for development of information technologies who states that high-tech sector in the country is booming.

Sofia is aiming at continuing this tendency and reviving the country’s past fame when during the communist years it was called The Silicon Valley of the Eastern Europe, the French newspaper also reminds. Average monthly salary in Bulgaria is currently 150 Euro, inflation in 2006 was 4 % and the population’s weak ability to purchase delays economic growth.

On such a background the field of information technologies seems to be the hen that lays the golden eggs and it is attracting more and more foreign investment, the article also points out.

Taxes in this sector are down to 10 per cent and the average monthly salary reaches 1100 Euros.

Figaro is also quoting a French computer expert who explains that the development in competitive countries like Bulgaria can lead to revaluation of the profession.

In his opinion it is quite possible that French internet suppliers may be turned into administrators of a web in which countries like Bulgaria will play the part of large manufacturing factories.

Will Bulgaria be the Eldorado of subagent activity?- Figaro asks. In a country in which the number of emigrating qualified workers is huge this might turn to be the sector’s weak point
If Bulgaria does not pay more attention to innovations we can safely bet that the former socialist republic will remain a factory for assembling products for export only and which won’t contribute much to its economic growth, Figaro concludes.

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