Bulgaria’s bold leap: From outsourcing hub to emerging deeptech contender

The key ingredientsFor years, Bulgaria has been a magnet for global tech firms thanks to its flat 10% tax rate, highly skilled workforce, and cost efficiency. However, in the last few years, new initiatives have aimed at boosting the country’s homegrown tech companies. According to StartupBlink’s 2024 Global Startup Ecosystem Index, the country now ranks 37th worldwide for startup creation—a promising climb. To elevate Bulgaria’s presence on the global stage by showcasing its top tech talent and startups on Europe’s top tech stages. The country’s startup ecosystem is becoming more visible, more networked, and more ambitious in how it presents itself to the world.