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COMPUTERWORLD | Articles | ICT Watch 2016
26 Apr
2016
 
 

Bulgarian IT business is shrinking, the fall in the telecom sector continues

2014: still another year in which the cloud and outsourcing services, as well as other activities for foreign customers help the local IT business to survive

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Earnings before taxes, depreciation and amortization EBITDA reached 334,9 million BGN, or by 3.2% more than for 2013. Just over 370 mln EUR, or about 740 million BGN is Mtel's revenue for 2014, that is 6.3% less than the turnover a year ago. There is an annual decline of 9.8% in the comparable EBITDA profit, according to the data from the financial report of the Telekom Austria Group. Telenor Bulgaria managed to raise its profit before tax, depreciation and amortization (EBITDA) for 2014 by 8,5% to 243,8 million BGN, although the total revenue of the telecom last year fell by 3.7% - from 661.9 million BGN in 2013 to 637.4 million BGN in 2014.

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