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The report, called Europe’s Global Sourcing Market: Trends Growth and Prospects, was produced by research firm Everest in collaboration with Egypt’s IT development agency ITIDA.

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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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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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Luxoft today announced that it is working with Harman International to conceive of, design and develop sophisticated infotainment systems for the automotive industry.

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The IT market in Romania is slowly recovering. At the end of 2010 the market still remained in the area of uncertainly after a sharp decline in 2009 and some vague demand stabilisation in 2010.

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In 2010 revenue of Baltic Data Center, a leader in the management of data centers and information systems in the Baltic States, was LTL 49.8 million, an increase by 25.4 per cent over the revenue of LTL 39.7 million in 2009.

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Reduce costs, improve process efficiency and drive added value in Shared Services & Outsourcing in Central and Eastern Europe.

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“Ukraine is the world’s fifth biggest IT services exporter and has the highest outsourcing market volume in Europe.

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The countries who seize most of the contracts are: Romania (589 $ mln/2009), Poland (451 $ mln/2009), Czech Republic (371 $ mln/2009), Hungary (475 $ mln/2009) and Ukraine(697 $ mln/2009).

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