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Telecommunications, Industry Analysis, Bulgaria, 2018

The Telecommunications industry in Bulgaria was represented by 759 companies at the end of 2018, compared to 735 in the previous year and 797 in 2016.

The industry's net profit amounted to BGN 35,955,000 in 2018.

The industry's total revenue was BGN 3,444,637,000 in 2018, up by 1.93% compared to the previous year.

The combined costs of the companies in the Telecommunications industry reached BGN 3,397,618,000 in 2018, up by 4.64% year-on-year.

The industry's total revenue makes up 3.48% to the country's Gross domestic product (GDP) in 2018, compared to 3.52% for 2017 and 3.44% in 2016.

A total of 19,647 people were employed in the Telecommunications industry in 2018, compared to 20,224 in 2017 and 25,101 in 2016.

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

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