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World Bank launches shared services centre in Bulgaria

World Bank launches shared services centre in Bulgaria Photo: The World Bank/ All rights reserved.

SOFIA (Bulgaria), July 19 (SeeNews) - The World Bank Group said it has opened a shared services centre in Bulgaria's capital Sofia, which will provide corporate and technology support to the group’s global business operations.

The location of the new centre, which is expected to employ about 300 people in the medium term, was chosen after a competitive search based on technical conditions, stability, the quality of the IT infrastructure and and the local talent pool, the World Bank Group said in a statement on Thursday. 

The opening of the new shared services centre further strengthens the partnership between Bulgaria and the World Bank and acknowledges the many advantages that Bulgaria can offer, Koen Davidse, the World Bank executive director for the group of countries including Bulgaria, commented.

The centre in Sofia complements the existing World Bank Group shared services centre in Chennai, India, which serves the organization with accounting, HR, IT and other services.

In addition to providing IT and corporate services, the Sofia center will allow the institution to better serve its locations across different time zones and continue improving the diversity of its workforce.