FINANCE
The World Bank Group Shared Services Centre in Sofia officially opened
The Prime Minister of the Republic of Bulgaria Boyko Borisov, the Minister of Finance Vladislav Goranov, the Mayor of Sofia Yordanka Fandakova and the World Bank Group Managing Director and Chief Administrative Officer Shaolin Yang opened a Shared Services Centre through which corporate and technological support will be provided to the business operations of the five institutions within the Group around the world.
The new office complements an existing World Bank Group Shared Services Centre in Chennai, India. The Sofia centre will allow the institution to better serve its employees across different time zones and will have a positive impact on the country’s economic environment – it will help to ensure jobs for high-tech specialists and to build upon the potential in high value added sectors.
The location of the new centre has been chosen after a lengthy procedure involving many competing countries and based on a wide range of criteria such as stability, quality of the IT-infrastructure and the sector’s workforce. The new centre is expected to employ around 300 professionals within a period of five years.
Source: Ministry of Finance
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