Unlike most of the sectors of the Bulgarian economy, the IT industry showed a stable performance in 2010 and 2011. The information and communication technologies (ICT) sector in Bulgaria was estimated at more than EUR 3.0 bln, accounting for nearly 9.0% of the country’s GDP in 2010. The IT segment made up one-third of the total, or approximately EUR 1.0 bln, 33% of which came from the software companies.
The number of ICT companies in Bulgaria exceeds 900, with the leading 450 generating 97% of the sector’s revenue. The total revenue of the Bulgarian software companies was EUR 291 mln in 2010. Bulgarian IT hardware distribution companies generated combined revenue of EUR 274 mln in 2010. The IT services market’s revenue reached EUR 299 mln.