Plovdiv – Modern Business Center
Following our series of articles on the popularization of the current business and economic state of Plovdiv, special attention must be paid to a positive tendency that has been observed for a long period of time and that is growing even more – the internal migration of labor force to Plovdiv and its formation as a modern business center.
The natural process of urbanization, started in the early 90-s of the previous century, led to the intensive movement of people from villages and small towns to larger cities. This trend was a direct consequence of the economic development of the country, business investments and the early orientation of the market economy. Although Plovdiv has always represented an attractive destination to people from the whole South and a part of North Bulgaria, this tendency has been more and more apparent in the recent context of high technologies and various software projects. Outsourcing of foreign businesses additionally enhanced the development of this process – very often offices and centers of certain companies appear simultaneously in Sofia and Plovdiv.
Practically, one of the circumstances that led to the modern formation of Plovdiv as a business center is its favorable geographical location – the proximity to the capital city of Sofia and the central place that it occupies in geographical terms. The city infrastructure also matters by providing opportunities for intensive business development and a good connectivity level with the rest of the country.
Plovdiv’s business progress is partly due to the economic traditions in the city. Annual international fair events contribute to the intensification of business relations and popularization of the city as a business destination.
Although a part of the educated labor force left Plovdiv in search for more attractive realization opportunities in Sofia and abroad, the city preserved its high business and labor force level. Beyond doubt, Plovdiv has many options of further development that is proved by the large-scale infrastructural projects, more considerable investments of huge foreign companies and the permanent demand for business properties, employees and realization of private investment projects.