Latest News  

Romania, Europe's third and world's 13th best outsourcing destination- A.T. Kearney

Romania ranks as third most attractive country to outsource to, according to A.T. Kearney's Service Location Index quoted by Telus.

2016-02-12 12:22:52 - by Bogdan Tudorache

Romania has risen with five positions up to number 13 globally in the survey. Even though with regards to business environment the country is still trying to catch up when it comes to ITO Romania is a flourishing technology hub, Telus officials say.

Romania is 1st in Europe and 6th in the world, in terms of number of certified IT specialists with a pool of about 100,000 people in various IT-oriented profiles.

As per data from the Association of the Software and Services Industry in Romania, the country currently has around 50 offshore centers owned by large international IT vendors. More than half of these are BPO centers, 30% are IT services-related centers, and less than 20% are R&D facilities.

As per data from the Romanian Ministry of IT and Communications over 60,000 people currently work in the outsourcing sector in Romania. Also, according to the Index the labor costs in Romania are lower than in Poland, which ranks number one in Europe in the 2016 Index.

With an annual growth rate of the outsourcing sector between 15 and 20% for Bulgaria and Romania being the fastest growing market in the European Union in terms of IT outsourcing services it is expected that in the years to come the two countries will be holding leading positions in Europe and climb up in the global rankings.

In January the leading global management consulting firm A.T. Kearney issued the seventh edition of the Service Location Index. The Index draws a global outsourcing landscape based on metrics in three major criteria: financial attractiveness, people skills and availability, and business environment, measured for each of the 55 countries included in the research.

Who are the top performers?

In the 2016 edition of the Index not much change has taken place in the top 10. First, second and third places continue to be occupied by the 2014 top performers: India, China and Malaysia and fifth, sixth and seventh places remain occupied by Indonesia, Thailand and the Philippines. According to the Index the Asia Pacific region shows strong performance on the financial attractiveness and the people's skills and abilities factors resulting in its leading positions. Latin America and Eastern Europe regions have only five countries in the top 20. The reason behind according to A.T. Kearney being a decrease in the score for people's skills and ability for Latin America and decrease in the score with regards to business environment for Eastern Europe.

Bulgaria is 2nd in Europe and 12th globally

Still 2nd in Europe, Bulgaria dropped three place down globally: from being the only European country in the top ten and number nine globally in 2014 to 12th position globally in 2016. But, let's not be fast with the judgment. Bulgaria has already proven itself to be a strong and attractive outsourcing destination.

In 2015 Bulgaria won "Offshoring Destination of the Year" at both the European Outsourcing Association Awards (EOA) and the UK's National Outsourcing Association Awards (NOA). In the competition for the EOA award Bulgaria won against the shortlisted Latvia and South Africa, while for the NOA it outcompeted Slovakia, South Africa, and Sri Lanka. So, regardless of the drop from the top 10 Bulgaria holds strong positions as a preferred top outsourcing destination thanks to its highly skilled and multilingual talent pool and global outsourcing standards.

The country will also be hosting the 2016 European Outsourcing Association Awards in the capital city of Sofia this October and celebrate the successes of organizations that have demonstrated the very best practice in pan-European outsourcing.


0 COMMENTS ^ Go back to Top
WRITE A COMMENT ^ Go back to Top
 
Your email address will not be published.
Nickname
Email
Comment
Validation Code
   
 
 
NEWS
Co-working hubs get big on the office market in Bucharest

In the first half of this year, coworking spaces operators are said to have rented office space of nearly 20,000 square meters in existing or emerging buildings in the capital, accounting for 13.4 per cent of t

 Read Full article »
Stefanini achieves 2 digit growth for the 5th consecutive year in Romania and EMEA

Stefanini Romania increased its net turnover by 13.5 per cent last year, to 38.8 million Euro. The company has also seen an important 12 per cent growth at EMEA level last year, where it registered revenues of

 Read Full article »
Ubisoft Coding Campus records 1,000 applicants for 24 positions

Ubisoft, one of the entertainment industry leaders, announces the start of the Coding Campus courses, a 6-month international accelerated learning program based on a curriculum developed by Ubisoft's online pro

 Read Full article »
CBRE: Building owners choose to outsource their property management

According to the latest findings of real estate consultant CBRE, the percentage of outsourcing of property management services has increased over the last few years in retail and office segments; In 2017, 79 pe

 Read Full article »
Veeam launches the global CSR program Veeam Cares and donates toys for 50 children of Hercules Association

Veeam launches the global CSR program by introducing the Veeam Cares initiative, encouraging its employees from around the world to engage in voluntary activities for the benefit of selected NGOs.

 Read Full article »
Zitec launches its new office space of 1,700 sqm in Timpuri Noi Square

Zitec, specialized in the development of personalized technology solutions, services and products, announced it launched its new headquarters in the Timpuri Noi Square office on a surface of 1,700 square meters

 Read Full article »
SAP will "adopt a school" also in Cluj-Napoca, Timisoara and Bucharest

SAP continues in 2018 the project Adopta o Scoala (Adopt a School) through which the company's employees support Scratch programming courses in three primary schools in Bucharest, Timisoara and Cluj-Napoca.

 Read Full article »
CBRE advises London Stock Exchange Group in Romania

CBRE, the world and local market leader in real estate consultancy, advised London Stock Exchange Group (LSEG) in the leasing transaction of 3,000 sqm office space for a new Business Services Centre in Buchares

 Read Full article »
Portland Trust unveils the new symbol of Oregon Park

Closely related to events celebrated in 2018, the year of Romania's 100th anniversary, Portland Trust unveiled the statue that will highlight the identity of the award winning office complex Oregon Park.

 Read Full article »
96% of the first generation of ABSL Master's graduates were employed in business services

96% of the first generation of ABSL Master's graduates were employed in the same field they have studied - business services, within the member companies of the Association of Business Leaders in Romania (ABSL)

 Read Full article »
 
 
MOST READ ARTICLES
» ROMANIAN OUTSOURCING AWARDS FOR EXCELL...
» Committed to growth
» The Outsourcing industry announces its...
» Genpact's COO: Staying ahead of the cu...
» PwC: The competitive advantages of Rom...
» Zitec's digital marketing division reg...
» Luxoft expands Asia Pacific presence w...
» Olga Botusan, Stefanini: There is a hu...
» EXCLUSIVE: ABSL Timisoara - BPO and SS...
» How does leadership look today?
 
EDITOR CHOICE
In the search of the best next available resource, human or not

With the work demand expressed for the "traditional" job openings in ITO, HRO, BPO or SSC, the question formulated by the industry stakeholders points to some concerns regarding the future availability of the s

 Read Full article »
Competing in outsourcing: racing of endurance and skills

As Romania's outsourcing sector is currently estimated to employ more than 100,000 people, a constant evolution in the past years (with 15.000 employees registered in 2007), the local market is a popular nearsh

 Read Full article »
How to become people savvy?

The discussions in the panel of this summer's OT Learning and Development's roundtable underlined the necessity of providing the learning and the knowledge transfer when the necessity occurs, customized and app

 Read Full article »
From a Romanian business venture to a place called home

Vivek Bakshi, the General Manager of International Operations (Europe) at Wipro Technologies has spent more than a decade in Romania, heading the Wipro's International Locations/ Delivery Centers Europe from Bu

 Read Full article »
George Didoiu, Colliers: The trend in office development is going towards an area where people are encouraged to interact

The co-working spaces are already present and gaining grounds. The classical close-doors offices will be rare and a strong trend is to include features now present in the hospitality area in the company offices

 Read Full article »
Latest News  
 
about us | newsletter | contact | members area | GDPR policy
Copyright © 2015 by Diplomat Media Events Design by Diplomat Media Events