Which country is the IT outsourcing king in Eastern Europe? Its Ukraine. Ukraine has best of clients from Western Europe and US. In between 2000 to 2005 Ukraine has grown on average 50% year by year. As the demand from Western Europe is still very strong it's felt that the demand will remain this strong, if not more, for next few years.
The most interesting part, attrition is less, salary level is much lower than the developed worlds, and what’s more, the software engineers in Ukraine like China can not go to US or Western Europe due to difficulty in acquiring permission for work in abroad.
Ukraine has become the most attractive destination for IT outsourcing in Eastern Europe, according to a study published June 2007 by Global Offshore Associates Limited, an IT-outsourcing consultancy.
The country’s relatively low-cost software development industry earned about $246 million in export contracts in 2006, 47 percent more than in the previous year, the study concluded.
Other estimates suggest the business was worth significantly more last year, but exact figures are hard to come by, as a significant portion of earnings are not declared in efforts to avoid tax payments.
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