- The Register: IT outsourcing goes east By Jan Libbenga. Published Thursday 24th June 2004 13:16 GMT
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Like so many former eastern bloc countries, Poland has greatly benefited from European firms looking for cheap IT labour. More and more Western companies rely on skilled coders in the Baltic states, Bulgaria or even Romania. Russia's current revenue from IT outsourcing alone is between $150m and $200m annually.
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Ukraine in particular is becoming popular. Bill Gates, whose wealth exceeds the gross domestic product of that country, described the area as the fourth most important source of innovation in computer programming. He is not joking: Ukrainian engineers reliably developed software for Boeing space and military programmes.
The Ukrainian IT industry grew by a staggering 24 per cent last year, and now represents 6.5 per cent of GDP. This is more than three times the ratio in Poland, even though only three per cent of Ukrainians can afford a PC.
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