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A recent industry report has confirmed that IT outsourcing to Eastern Europe has increased by 23percent compared to last year’s revenue. This new flourishing sector is attracting a lot of attention from its neighboring Western European technological companies.

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IAOP predicts increased outsourcing acceptance politically, sourcing from all shores, a retail model to outsourcing emerging and companies outsourcing multiple functions with fewer vendors.

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IT Sourcing Europe presents its forecasts on the 2011 state of affairs in the European IT outsourcing market.

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Accenture has signed a five-year business process outsourcing (BPO) contract with Statoil, an international energy company with operations in 40 countries, to manage the companys Accounts Payables processes.

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A new industry report says IT outsourcing to Eastern Europe is up to 3.7 billion euros annually. That’s a 23 percent rise over last year, as Western European tech companies discover the benefits in their backyard.

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IT outsourcing has made its way into all manner of industries, from financial to retail to government.

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A new report, titled Europe’s Global Sourcing Market: Trends Growth and Prospects, has just been produced by research firm Everest in collaboration with Egypt’s IT development agency ITIDA.

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According to a new study by Duke University’s Offshoring Research Network and PricewaterhouseCoopers, that surveyed 514 outsourcing service providers in 50 countries, more countries are ramping up outsourcing markets, giving India and North America increased competition.

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Naturally enough, as the government is undergoing a large-scale austerity programme and working hard on cost reduction across all services, the offshore outsourcing of services such as IT is being discussed far more than it was a year ago.

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CEEOA has just pre-released its “Central and Eastern Europe IT Outsourcing Review 2010” aimed to improve business viabilities and the services delivery capabilities of CEE service providers through strengthening knowledge and business management competencies to increase overall skill levels to attract more prospects.

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