See the New Ukraine and Benefit From the Best by Partnering or Investing in IT

Engineer proceeding to data recovery from computer

Saying that Ukraine is an attractive but difficult market is nothing new. Situated in the heart of Europe, it is close, big and well-educated. It is cheap and abundant in resources, both natural and human. It is industrial, agricultural and hi-tech. However, at the same time it is unstable; it is corrupt; it has contradicting laws, unjust courts and a war inside the country. It has a big and aggressive neighbour and weak state institutes. It also has a mentality that was being developed for 70 years on the other side of the Iron Curtain. Continue reading See the New Ukraine and Benefit From the Best by Partnering or Investing in IT

The Innovation District IT Park Will Help Lviv Become CEE’s IT Hub

IT park lviv ukraine

With the fast-developing IT sector and most IT firms occupying refurbished Soviet-era office buildings, demand for modern office space is sky-rocketing, says Volodymyr Zhenchak, CEO and the owner of Galereja Centre Ltd, which has developed the Forum Lviv shopping centre, and vice-chairman of the board of the shopping centre. He spoke to Eva Keller about Innovation District IT Park, which his company is developing and looking for partners for.
Continue reading The Innovation District IT Park Will Help Lviv Become CEE’s IT Hub

Military Operations in Ukraine Have Had Some Surprisingly Positive Side Effects for Modern Businesses

Night city reflection on the river in Donetsk. Ukraine

The Russian military operation began, in Crimea, on the 20th of February, 2014. A month later, after the questionable referendum on self-determination, Vladimir Putin announced the annexation of Crimea. Demonstrations by pro-Russian and anti-government groups took place in the Donetsk (in the photo) and Luhansk oblasts (collectively the Donbas) began at the beginning of March. Shelling of the airport and the toughest military operations began on 26 May. Continue reading Military Operations in Ukraine Have Had Some Surprisingly Positive Side Effects for Modern Businesses

The Human Factor is Boosting Ukraine’s Promising IT Export Sector

Ukraine’s export IT segment showed an increase of 15 per cent in 2016, and continued to occupy the third place, by volume of total country exports, after agriculture and metallurgy. While we are speaking about the rates of growth, there are very solid grounds to expect that this positive tendency will be maintained and will grow to an optimistic 20 per cent in 2017. Continue reading The Human Factor is Boosting Ukraine’s Promising IT Export Sector

Western Ukraine Could Be an Entry Point into the Country

When Ukraine makes the headlines, it is generally because of the war, which started in 2014, in the eastern part. This has hugely influenced the political and economic situation of the country, including the ease of doing business. However, it’s unjustified to think that, given the circumstances, investing in the whole country makes no sense.  Continue reading Western Ukraine Could Be an Entry Point into the Country

Belarusian Tech Companies Lead a Global Technological Advance in Outsourcing and Product Development

This year, Belarus was shortlisted as a top outsourcing destination of 2016, by the UK-based Global Sourcing Association (GSA). The country was also included in the Top 30 Locations for Offshore Services by Gartner. These two successes prove that Belarus has a great potential to becoming a leading IT outsourcing destination — according to Uniter’s IT Industry in Belarus 2016 report, more than 90 per cent of Belarusian companies out of almost existing 1,000 firms, developed customised software, in 2015.  Continue reading Belarusian Tech Companies Lead a Global Technological Advance in Outsourcing and Product Development

HTP: Belarus’ Engineers Are Leading a Cool Revolution

Hi-Tech Park (HTP) Belarus was set up a decade ago and today, it is home to 164 IT companies whose total revenues are approaching $1 billion. Apps developed by HTP residents are used by almost 1 billion people in 193 countries across the globe.

Dr Valery Tsepkalo, director of HTP, spoke to Andrew Wrobel about the park’s growth within the first decade, as well as its residents and the fast-developing Belarusian IT sector. Continue reading HTP: Belarus’ Engineers Are Leading a Cool Revolution

Young Well-Paid IT Specialists Are Making Belarus Known Internationally

Increasingly, more young Belarusians are choosing a career in the IT sector. In 2010, some 20,000 people had a job in the industry and that number grew to 36,000 in 2015, according to the Belarusian National Statistical Committee. Out of those, 25,000 software engineers work in companies that are residents of High Tech Park Belarus (HTP). Continue reading Young Well-Paid IT Specialists Are Making Belarus Known Internationally

The Reality in Romania Exposes False Perceptions Of The Country

In 2015, foreign companies invested almost $3.4 billion in Romania, which is also the average FDI that the country has attracted in the last four years, according to the World Investment Report 2016. In 2016, Romania is expected to be the EU’s fastest growing economy. Will that growth help the country increase FDI into the country?

Manuel Costescu, Secretary of State at the Ministry of Economy of Romania, is responsible for foreign direct investment as the Head of InvestRomania. He talked to Andrew Wrobel about the country’s new investment promotion strategy, Romania’s key sectors and the successes the country has achieved in fighting corruption and improving its business climate. Continue reading The Reality in Romania Exposes False Perceptions Of The Country

The Global Outsourcing Industry — the Rise of the Phoenix

Outsourcing is being transformed; digitalisation, automation, the Internet of Things, these are only a few of the elements that are shaping it now. All of these factors, as well as the outcome of the recent EU referendum in the United Kingdom and the subsequent Brexit are all coming together to reduce the existing out sourcing landscape to ashes, not only on the domestic market here in the British Isles but also further afield.  Continue reading The Global Outsourcing Industry — the Rise of the Phoenix