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According to TPI, outsourcing marked contracted by 18% to US US$16.4 billion in the second quarter, which is 21% lower than in Q1.The main reason – drop in the number of large contracts.

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Fortune 500 companies who are now outsourcing their specific tasks and projects in Russia and Ukraine are seeing massive results.

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Low-cost, highly skilled IT labour and a relatively close proximity to the UK is making Eastern Europe an increasingly attractive destination to UK businesses for offshoring IT services.

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Outsourcing in the Ukraine: benefits and drawbacks

The Ukraine offers highly skilled IT specialists at a low cost for companies looking to develop projects within Europe. But while the honesty of its people appears to be a key selling point, problems of corruption.

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The practice of outsourcing business-to-business functions has greatly risen in popularity in recent years. Although the bulk of businesses that usually turn to outsourcing are small to medium enterprises, many big companies have also discovered its benefits.

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