Deputy Minister Shotev: Turnover of services in the digital sector grows by 20%

Deputy Minister Shotev: Turnover of services in the digital sector grows by 20%

Digitalization is among the challenges facing the Bulgarian economy

The turnover index in information and communication technology services in Bulgaria in the second quarter of this year increased by 20% year-on-year. This was announced by Deputy Minister of Economy and Industry Ivaylo Shotev during a conference organized by the Bulgarian Association of Software Companies (BASSCOM). He recalled that in recent years, the sector has recorded positive trends and is one of the fastest growing in the country.

In Deputy Minister Shotev’s words, digitalisation and decarbonisation are among the main challenges facing the Bulgarian economy. “To be able to develop as a country and an economy, we need to implement digitalisation and modernisation of enterprises. These are some of the main tools we could use to increase productivity,” he added. According to Shotev, creating the right conditions for digital transformation of businesses will create opportunities to increase market shares.

In front of the forum, Deputy Minister Shotev announced that among the strategic priorities of the Ministry of Economy and Industry are increasing the share of high-tech industries and services, as well as the level of use of digital technologies. These objectives are set out in the national Programme “Bulgaria 2030” and in the “National Strategy for Small and Medium Enterprises” developed by the Ministry of Industry and Trade.

Chairman of BASSCOM Dobroslav Dimitrov presented the annual report on the state of the software sector in Bulgaria, according to which the expected revenue growth in 2023 will be 12.1%. The forecast for this year is also that the sector’s share of GDP will increase again to nearly 4.5%, which will consolidate the industry’s position as the country’s leading service economy.