| Europe has enormous potential for development of IT | | | | the lead regarding the number of IT companies. When |
| Outsourcing industry. In accordance with experts' | | | | calculating the number of IT companies, considered |
| opinions this region will definitely keep the appreciation | | | | were the IT and software development companies |
| of the customers from all over the world for yet | | | | providing outsourcing services with more than 10 |
| another decade. It will attract new clients by | | | | employees. Central and Eastern European region is |
| professionalism of the experts, low labor cost, friendly | | | | satiated with the small companies undergoing intensive |
| legislation as well as by geographical vicinity and | | | | development. Low threshold was taken purposefully in |
| cultural connection to the Western Europe. | | | | order to provide a complete market snapshot for each |
| The main objective of this research conducted by the | | | | country. |
| Ukrainian Hi-Tech Initiative with the support of | | | | The attempt was made to calculate also minimum and |
| ITONews.eu, news portal, Baltic Outsourcing | | | | maximum annual cost per service of one IT |
| Association (Lithuania), JNN Consult Ltd (Bulgaria) and | | | | professional for the end customer in each of the |
| Employers' Association of the Software and Services | | | | countries. Among the most "expensive" countries |
| Industry (Romania) is formation of the complete view | | | | were Poland, Hungary, Romania, Czech Republic and |
| on the potential of CEE region - the promising cluster | | | | Estonia. |
| for nearshore IT Outsourcing for the Western | | | | When calculating the number of professionals, |
| European countries and offshore IT Outsourcing for | | | | considered were only those IT specialists that are |
| the US. | | | | involved into IT Outsourcing less administrative |
| Main indicators of IT Outsourcing industry development | | | | personnel. Other estimation data sources were general |
| (market volume, number of IT professionals, number of | | | | information about each country such as population, as |
| IT companies providing outsourcing services, cost of | | | | well as review respondents' feedback on the number |
| one professional for the end customer) take Central | | | | of companies and the average number of employees |
| and Eastern Europe to the level of such global | | | | in each of them. Ukraine, Romania, Belarus, Hungary, |
| outsourcing centers as India, China, and Russia. | | | | Bulgaria were the countries with the greatest number |
| The data, presented by the largest IT companies and | | | | of IT professionals. |
| national IT Associations showed that in 2007 IT | | | | Independent experts Christian Berner, Natasha Starkell, |
| outsourcing market volume of CEE region reached 3 | | | | Parvis Hanson, and Maryna Yaroshchuk provided their |
| bln US dollars. Among 16 examined countries, the | | | | views on the IT Outsourcing markets of Central and |
| leading in market volume were: Ukraine, Romania, | | | | Eastern European region. |
| Hungary, Poland and Czech Republic. The scope of | | | | The research was conducted in August - February |
| final IT products served as the basis for the calculation | | | | 2007-2008. National IT Associations and largest IT |
| of market volume. | | | | companies from 16 countries of the region kindly |
| Ukraine, Romania, Belarus, Poland and Bulgaria were in | | | | responded to the research. |