The World Bank Opens a Shared Services Center in Sofia

The World Bank chose Bulgaria for its future outsourced Shared Services Center, where 275 people will be recruited for up to five years. The government press service announced today that the Council of Ministers has supported the intention, quoted by Econ.bg

The Government supported the intention to set up and operate an outsourced World Bank (WB) Shared Services Center in Sofia and authorized the Minister of Finance. The specific parameters, conditions and commitments of the parties will be further specified.

The decision was taken by the management of the International Financial Institution in January 2019. Bulgaria is preferred because of its strategic location, the stable political and economic environment, the availability of highly qualified labor, the very good infrastructure.

The center is expected to function as a Shared Services Unit with a technological focus, which will be responsible for the Bank's internal corporate and IT operations, with the intention of structuring other financial and administrative services.

It is planned that the implementation of the project will take place in stages from July 2019, reaching the full capacity of over 275 employees within five years.

The presence of an authoritative organization in the face of the World Bank in Bulgaria will further enhance the prestige of the country to the international investor community as an attractive destination for business and investment.