Luxoft

Type
Business expansion
Country
Bulgaria
Region
Yugozapadna i Yuzhna tsentralna Bulgaria; Yugozapaden; Sofia (stolitsa)
Location of affected unit(s)
Sofia
Sector
Information / Computing
62 - Computer programming, consultancy and related activities
62 - Computer programming, consultancy and related activities
62 - Computer programming, consultancy and related activities
400 jobs
Number of planned job creations
Job creation
Announcement Date
12 February 2014
Employment effect (start)
1 March 2014
Foreseen end date
29 February 2016

Description

Luxoft, a Russian IT company, announced it is to create 400 new jobs with the opening of a new research and development centre in Sofia in March 2014.

The opening is part of Luxoft's strategy to increase its presence in Central and Eastern Europe. The new centre is to provide IT solutions and software development services for financial service providers.

The centre is expected to be fully operational by 1 March 2014 and it is expected to employ 400 employees in the first two years of operation.

Sources

  • 18 February 2014: novinite
  • 12 February 2014: Investor

Citation

Eurofound (2014), Luxoft, Business expansion in Bulgaria, factsheet number 76664, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76664.