19 May 09
Bulgaria, Romania Attractive for Business
Bulgaria and Romania are attractive places for overseas companies to set up business operations in, due primarily to their EU membership, comparatively cheaper labour costs and skills availability.
According to the latest edition of management consulting firm A.T Kearney’s Global Service Location Index, a ranking that analyses 50 countries worldwide for locating outsourcing activities, Romania is the 19th most attractive offshoring destination in the world, climbing 14 positions from 2007.
Bulgaria is the 13th most attractive country, ranking the most popular country in Europe for locating outsourcing activities. Estonia came second, at 18th place, and Romania third.
“Bulgaria and Romania are the winners of Europe, keeping the two comfortable positions in the index. Members of European Union leveraged by lower costs compared to other EU members, Romania and Bulgaria are the new stars of Europe,” said A.T Kearney.
A.T Kearney’s Global Services Location Index establishes each country’s score by taking into account the weighted combination of relative scores on 43 measurements, which are grouped into three categories: financial attractiveness, people and skills availability and business environment.
Romania has significantly improved its position in the index, largely due to the increase in business and economic environment indicator.