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No, it's not. For one thing, even at this pace Bulgaria's IT industry will take years or decades to come to close to even certain other cities in Europe. Secon
by bayesianhorse 11y ago
No, it's not. For one thing, even at this pace Bulgaria's IT industry will take years or decades to come to close to even certain other cities in Europe.
Secondly, Bulgaria has a well deserved reputation in Europe of being plagued by corruption.
- bluetomcat 11y agoIn recent years, Sofia is booming with large multinational companies, exploiting the relatively cheap labour there. There is a disproportionate amount of young people attracted to these jobs, because they are still paid a lot better than anything else.
- liviu 11y agoSame thing in Romania. Everywhere in Bucharest or large cities are multinational companies attracted by relatively low wages and qualified workforce.
- bayesianhorse 11y agoWhich doesn't disprove my point that the size of Bulgaria's industry will take a long time to reach that of other places. Don't get me wrong, I'm not trying to belittle the country's achievements. It's just that labels like "next silicon valley" should not be judged by "growth" alone. And same thing for wealth and living standards: Growth is essential to get to the top, but it's not equivalent to being on the top.
- EastSmith 11y agoAbout your second point, yes, there is corruption, and yes, corruption is bad. But the problems are generally in public sectors and EU funds (big corruption generator!). I doubt if you invest in IT or hire in IT you will have any problems.