Влиянието на чуждестранните инвестиции в ИТ сектора върху българската икономика по време и след приключването на КОВИД-19
The Impact of Foreign Investment in The IT Sector on The Bulgarian Economy During and After the COVID-19 Pandemic

Author(s): Kristiyan Stanev
Subject(s): Economy, Business Economy / Management, ICT Information and Communications Technologies, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: COVID-19; IT sector; Bulgarian economy; foreign investment
Summary/Abstract: One of the most memorable events of this decade is the COVID-19 pandemic. It negatively affected the global economy, as well as every national economy individually, yet the IT sector was among the few that managed to adapt and find ways to withstand the consequences. Factors such as foreign investment in the export of IT services from Bulgaria, the possibility for remote work, and accelerated digitalisation played an essential role in stabilising this industry in the country and enabling it to contribute to mitigating the consequences of the pandemic. This report examines the period preceding the pandemic, when foreign companies began investing in the Bulgarian IT industry; the period during COVID-19, which triggered accelerated investments and adaptation, service export and digitalisation; as well as the factors that motivated foreign investors to trust the Bulgarian market, alongside the potential future development of the industry. The limitations of the research arise from differences in data and financial figures found in various sources and publications.

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