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Some seven or eight new foreign companies have declared interest in starting outsourcing and offshoring operations in Bulgaria.

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In the current economic scenario where financial services companies are reconsidering their cost base, BPO across industry-specific processes in banking, capital markets, and insurance is generating much interest.

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Everest Group research analysts will provide a comprehensive view on mature and emerging delivery locations across the globe as well as analyze the prevalent sourcing models, drivers, and challenges for global sourcing in FS BPO.

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RUSSOFT, Russia’s nationwide association of export aimed software development companies, joins Central and Eastern European Outsourcing Association (CEEOA) as a new member.

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Ukrainian Hi-Tech Initiative, a leading Ukrainian alliance in Offshore Software Development and IT industry, approved three new members: Ignite, Zfort Group, HYS Enterprise.

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In this article we will analyze these factors for the two largest countries in Eastern Europe – Russia and Ukraine, focusing primarily on IT and technology R&D work, which is the vast majority of outsourcing in the region.

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The Philippine Outsourcing Forum is a collaboration of the Philippine Software Industry Association and Cebu Educational Development Foundation for IT.

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Everest Group: Significant traction of global sourcing in Financial Services BPO, yet tremendous untapped opportunity Global sourcing adoption growth potential nearly 15 times current size.

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Global sourcing of Business Process Outsourcing in the financial services sector (FS BPO), a US$16-18 billion market comprising nearly 40 percent of the US$40 billion global sourcing market.

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Bulgaria’s software market is forecast by BMI at USD 92 M in 2011 and is expected to grow at a compounded annual rate of 9% over the 2011-2015 forecast period.

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