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44.8% of the industry in Bulgaria report a decrease in revenue from sales of goods and services.
The IT business, which has been a salary leader in Bulgaria for many years and was expected to receive an additional boost due to the need for further digitization in the conditions of a pandemic, unexpectedly turned out not to be doing well with the coronary crisis. This is evident both in the statistical data and in the requests of these state support companies for the retention of jobs.
The turnover of software creators, call centers and developers in the first quarter of 2020 continued to grow as before by more than 20% compared to the same period last year. But in the second trimester
this growth
suddenly
fell to 5.7%,
and the third party data is likely to show even a decline.
A total of 277 companies in the information technology sector in Bulgaria have been approved under the 60/40 program for subsidized employment for the period April-June 2020, according to the data of the program. The subsidy for the period is almost BGN 3 million and the salaries of more than 4,700 people have been supported.
The information technology companies approved under the program are located in 26 settlements, including 153 companies in Sofia, 18 in Varna, 11 in Burgas, 8 in Ruse and 7 in Plovdiv.
Two thirds of the companies included in the 60/40 scheme are micro-companies with fewer than 9 employees and the rest are small and medium-sized companies.
Among all, there are quite a few that work only in the Bulgarian market. There are 45 software companies with a total of 902 employees. The requested and approved grants are for about 400 jobs. So far, subsidiaries of the world’s leading software and hardware giants, major Bulgarian-based contact centers, telecommunications and ISPs, hosting operators and data centers have not benefited from the grants.
At the same time, in this sector we are talking about salaries that are immeasurably higher than elsewhere. The average salary in this sector of the economy had reached 3,350 BGN in March. But
with the start
of the pandemic
invariably falls
It became BGN 3,267 in April, BGN 3,230 in May and June marked a slight increase to BGN 3,312.
According to an analysis by consultancy CBN Pannoff, Stoytcheff & Co has great benefits for the state of subsidies in the IT sector, because a job there provides an average of 15,000 BGN in taxes for the budget, and especially in the software business , including BGN 24,244. of BGN 3 million allows employers of 6,800 people to provide the budget with a revenue opportunity of BGN 102 million.
However, according to a study by Telerik Academy, among 70 technology companies in Bulgaria, the business is expected to move. 96% of IT companies expect their business to grow in 12 months and 36% of them are already growing. 43% expect this to happen within 6 months and 17% within a year. Despite the pandemic, almost 70% invest in training and upgrading the skills of their employees.
At the same time, 77% of the companies kept their employees’ salaries unchanged and 1% of them even increased them in the period from March to September. 12% say their budgets are still under review and only 8% have cut them. 13% foresee an increase in new appointments
However, this does not apply to auto parts and accessories manufacturers, which suffered the closure of car factories and joined immediately.
in the program for
subsidizing with
about 10,000
work places
But there the salaries are much lower: 1,100 BGN on average, and in the manufacturers of components such as cables even lower: 890 BGN.
16 of the 68 companies that were the first to request aid under the 60/40 scheme in April and May were from this sector. Many of the factories even shut down entirely, as their main customers had to close: the sharp decline in new car purchases filled the warehouses of global automakers with products.
The sharp drop in tourism, which
It’s about to
reaches 80%
until the end of
year
There is a need to reconsider support measures for hoteliers, restaurateurs, tour operators, tour guides and a host of other leisure-related professions.
Already in July, the measure 60/40 added 290 BGN of aid for a person who works in tourism, which made it 80/20 – 80 percent of the cost of employment is borne by the state and the rest from the employer. Nor is it required to maintain jobs for seasonal workers as of June 1, as well as the absence of commitments with the tax and social security budget for 2020, but on the condition that they be declared.
So far this way
in tourism
are saved
22 thousand
work places,
but the problems have yet to deepen. With around a quarter of the hotels having opened nothing this summer and chain bankruptcies are expected, a way is still being sought to alleviate the situation of the hundreds of owners of lots that have been built with loans.
NSI’s latest survey of businesses shows that 44.8% of companies in the industry had a decrease in revenue from sales of goods or services. Companies in the entertainment and sports business, as well as repair work also have lower results, 37.9% of them are down. Despite the strong outflow of tourists, it turns out that in commerce, transport, restaurants and construction are the companies that least companies report a decrease in income, between 35.4 and 36%.
For next month 94.5% of the non-financial companies surveyed foresee that they will continue with their current activity, 2% – that they will temporarily suspend their activity and 1.8% – that they will cease their activity.
Financiers and engineers: the most wanted
IT specialists, financiers, xopa with a high level of foreign languages and engineers are the most sought after jobs by employers in Bulgaria in the conditions of the coronary crisis. This shows the promotion of Adesso Bulgaria’s recruitment campaign.
Tech-savvy employees come not just from the IT sector, but also to work in areas such as outsourced business services, construction, and trading with fast-moving workers. However, the demand for new employees is maintained mainly in Sofia and the big cities at the expense of the smaller ones.
Courier companies rose 20%
One of the most profitable businesses during the pandemic was the courier service. Even after the period when we had to stay at home, online ordering continued, after people once freaked out and got used to shopping online. Average revenue growth for courier companies is 20%. Home deliveries have increased, fewer and fewer customers choose the option of going to the office to receive the shipment. The proportion of customers paying with credit or debit cards is also increasing.
Some companies have seen a drop in international shipments due to aircraft landings. However, this decrease was offset by domestic supply. The company points out that after the fall of the restrictions imposed by the state of emergency, there was a certain decrease in shipments, but then there was a new increase. It is due to the new wave of online shopping, probably due to people’s concern about the new increase in the number of infected.
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