Preparing for the pain of privatisation The Silicon satellite of the
soviet era is determined to take full advantage of its long-standing IT
By Phelim McAleer and Theodor Troev.
FINANCIAL TIMES: BULGARIA IS THE SILICON VALEY OF EASTERN EUROPE
“Many countries in Eastern European see the IT industry as a way of
boosting their moribund economies. Governments hope their country could
become the India of Europe and provide backroom services to western
companies at competitive rates.
However, no Eastern European country can match Bulgaria's history in the
IT industry. With many western-educated and trained technocrats, young,
highly motivated and comparatively cheap, the government hopes they will
give the country a head start in what is becoming a crowded market.
Bulgaria has a long history of IT-related industries, winning the
soubriquet the Silicon Valley of Eastern Europe in communist days. It
was the main supplier of computers and software for the Comecon
Copyright: The Financial Times Limited 1995-2002, Excerpt from article
made by EON Technologies Inc.