The World Bank will open a shared services centre in Bulgaria that provide back office corporate and technology support to the group’s internal business operations, the government said in a statement after backing the bank’s intention at its March 13 session.
This will be World Bank’s second such centre. The first is located in India and serves the organisation with accounting, HR, IT and other services.
In Bulgaria, the centre is expected to employ 275 people within five years.
The World Bank announced its intention to launch the facility back in January. It has picked Bulgaria due to its strategic location, qualified labour force and good infrastructure, the government said in the statement.