BULGARIA: Preparing for the pain of privatisation The Silicon satellite of the soviet era is determined to take full advantage of its long-standing IT heritage.

By Phelim McAleer and Theodor Troev.
Financial Times; http://globalarchive.ft.com/globalarchive/article.html?id=011120003303&query=Bulgaria

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 countries.”
Copyright: The Financial Times Limited 1995-2002, Excerpt from article made by EON Technologies Inc.

 

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