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Telecommunications, Industry Analysis, Bulgaria, 2016

The Telecommunications industry in Bulgaria was represented by 797 companies at the end of 2016, compared to 784 in the previous year and 768 in 2014.

The industry's net profit amounted to BGN 128,409,000 in 2016.

The industry's total revenue was BGN 3,191,229,000 in 2016, up by 0.21% compared to the previous year.

The combined costs of the companies in the Telecommunications industry reached BGN 3,041,151,000 in 2016, down by 3.94% year-on-year.

The industry's total revenue makes up 3.8% to the country's Gross domestic product (GDP) in 2016, compared to 3.95% for 2015 and 4.10% in 2014.

A total of 25,101 people were employed in the Telecommunications industry in 2016, compared to 20,767 in 2015 and 20,315 in 2014.

Most of the companies in the industry are based in Sofia, followed by Varna and Plovdiv.

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