Iliya Krastev

Bulgaria's Fading Appeal to Investors: IT Sector Grapples with Challenges

The IT industry in Bulgaria is set to end 2024 without any growth in employment numbers and with decreasing revenue growth, according to Iliya Krastev, chairman of AIBEST. During the annual report presentation, he noted that the country's lack of a functional government and clear economic vision has led neighboring nations to capitalize on this instability.

Bulgarian IT sector is Adapting to Crisis

The transition of work from offices to work from home in Bulgarian companies in the IT sector has gone smoothly and has not affected business processes. In a number of other countries, for example in Asia, this was not the case, Iliya Krastev, chairman of the Association for Innovation, Business Services and Technologies, has told the BNR.