18.07.2019
Bulgaria and the World Bank Group have a sustainable and long-lasting partnership, which we continue to develop to this day, said Prime Minister Boyko Borissov during his meeting with the Managing Director and Chief Administrative Officer of the World Bank Group Shaolin Yang. During the talks in the Council of Ministers Prime Minister Borissov emphasized on the support of the Bulgarian government for the creation of a Center for Shared Services of the Bank in Sofia.
Prime Minister Borissov noted the advantages that are making our country stand out and turning it to an attractive destination for institutions like the World Bank – the strategic location, the stable political and economic environment, the availability of highly qualified labor, and the quality of the infrastructure.
Prime Minister Borissov expressed his confidence that the establishment of the Center for Shared Services in our state will have a positive impact on the Bulgarian economy. In his words, this will strengthen the potential of high value-added sectors and will provide jobs for high-tech specialists. In addition, the presence of an authoritative organization like the World Bank in Bulgaria will further enhance the prestige of our state before the international investor community as an attractive destination for business and investment.
In April this year, the Council of Ministers approved the Agreement between the Bulgarian government and the World Bank for creating a Sofia-based Center for Shared Services. After the Agreement was signed in Washington and ratified by the Parliament, it is now in force.
The Center in Sofia will provide the opportunity for continuity of providing services in the areas of information technologies, financial management and human resources management. It is planned to involve a huge number of IT specialists and other highly qualified and motivated experts, which will replace and expand the services, provided by the World Bank headquarters, and will be engaged with the development of products with high added value.
The realization of the project will take place in stages. The first stage will start in July this year and the full capacity of over 300 occupied job places is to be reached within five years.
