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Telecommunications, Industry Analysis, Bulgaria, 2017

The Telecommunications industry in Bulgaria was represented by 735 companies at the end of 2017, compared to 797 in the previous year and 784 in 2015.

The industry's net profit amounted to BGN 79,320,000 in 2017.

The industry's total revenue was BGN 3,379,301,000 in 2017, up by 5.89% compared to the previous year.

The combined costs of the companies in the Telecommunications industry reached BGN 3,246,933,000 in 2017, up by 6.77% year-on-year.

The industry's total revenue makes up 3.88% to the country's Gross domestic product (GDP) in 2017, compared to 3.80% for 2016 and 3.95% in 2015.

A total of 20,224 people were employed in the Telecommunications industry in 2017, compared to 25,101 in 2016 and 20,767 in 2015.

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

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