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
In recent years Ukraine has shown it has much to offer the IT sourcing sector, from a highly skilled workforce of young professionals to a busy community of foreign investors and the support of the Ukrainian government. Continue reading Ukraine Continues to Make Waves as an IT Outsourcing Destination
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
The latest ISG (Information Services Group) Index revealed that the European, Middle Eastern and African (EMEA) market saw solid regional growth in Q3 2016, with increases in both the value and volume of contracts. Continue reading CEE’s Contributions to EMEA’s Outsourcing Income Is Substantial And Still Growing
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
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
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
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
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
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
Although there is a lot of tech talent in Belarus and the start-up ecosystem is blossoming, when it comes to venture firms and angels’ groups there is a huge gap between talents and available funds. Continue reading Belarus Is Ready to Begin With Venture Capital Investments
At the beginning of July, the Russian media reported on the success of two Belarusian programmers. Gennady Korotkevich and Adam Bardashevich, both students at the St Petersburg ITMO University, teamed up to win $16,000 in the finals of the VK Cup 2016. This event is widely regarded as the biggest competitive programming competition in the Russian-speaking world. Continue reading Why Is Belarus Tech Booming?