Bulgaria is a promising outsourcing destination, Bulgaria’s President Rossen Plevneliev said at the official opening of the annual conference of the European Outsourcing Association in Sofia. In 2015 Bulgaria was declared an outsourcing destination of the year and President Plevneliev pointed out that today 364 outsourcing companies are doing business in that country. 42,000 people are employed at that sector. Their number is expected to reach 64,000 in 2020. The revenues of the outsourcing companies have been increasing and form 3.4% of the country’s gross domestic product. Bulgarian outsourcing companies generate revenues to the tune of EUR 1.4 billion per year and their goal is to double that amount by 2020, President Plevneliev further said.