Goal Europe recently published a research study that indicates 47% outsourcing market growth in Ukraine in year 2006. As the market reached $246 million I believe that it will continue to increase this and coming years because Ukraine has several important advantages over China and India. Some of them outlined in the report are

• availability of highly-educated professionals;
• no or lesser time-zone difference with Europe and USA;
• less noticeable cultural difference

All of that combined with general orientation to Western world make Ukraine an attractive outsourcing destination.

Research indicates that there were 7639 professionals working in IT industry in 2006. This means that almost 10% of all Ukrainian developers are working at SoftServe because as we announced at the end of year 2006 that number of employees increased up to 700 people.