The European IT center
THE EUROPEAN IT CENTER
The seat of our company is in Belgrade, the capital of Serbia, namely in the Novi Beograd (New Belgrade) municipality. State investments into domestic education and potentials and the fact that more and more IT projects are being realized at the moment are slowly making Serbia and Belgrade into a European Internet Technology center.
With a population of 7.3 million people and total area of 88.361 km2, the Republic of Serbia is one of the leading countries in the South European region, with the status of candidate for accession to the European Union (EU) as of 2012. Between 2004 and 2008 Serbia was one of the fastest growing economies in the world, with an average BDP growth rate of 6.8%. The services sector (telecommunication, retail trade and banking) contributed greatly to this growth of BDP.
Information technology, together with education and growth of industry, has been recognized by the state in recent years as an important economy development factor. With that goal in mind, various IT development measures have been implemented in Serbia, which stimulated larger IT investments. Nowadays, IT sector in Serbia is comprised of computer hardware manufacturers and distributors, as well as software and computer services developers and distributors.
At the moment 180 Serbian companies are exporting software. They employ ten and a half thousand people.
Serbian IT industry employs a large number of experts, 80% of which have a university degree. Over 10,000 experts in various IT areas get their degrees in Belgrade, the biggest university center with many faculties of technical sciences.
We have the biggest average number of winners at the International Olympiad in Informatics, International Mathematical Olympiad and Physics Olympiad for talented students per capita. Nowhere else can you find such concentration of excellence and talent. In recent years, many big companies, like Microsoft and Adobe, are establishing their IT centers in Serbia.
In 2015 more than 10% of students in Serbia chose IT studies – about 10,500 of them. About one third of all university graduates in Serbia are from faculties of technical sciences. The Serbian IT sector staff is highly trained and 85% of the employees have university degrees. The engineers educated in Serbia are competent in a wide range of technologies that are used in hi-tech software and system integration development. These experts possess a comprehensive expertise in developing software and hardware as well as a good understanding of clients’ requirements and experience in developing products that meet their needs. Serbian universities contribute a great deal to the IT sector by linking academic institutions to the industry and by starting spin-off companies.
A GOOD LOCATION AND GREAT TEAMS
As global IT market continues to develop, the need for outsource jobs also grows. Serbia has a good geographic location in the sense that it can offer financially profitable and reliable alternatives to the developed markets. Foreign companies that are considering the expansion of their business should certainly have Serbia in mind, because its key advantages are an excellent pool of highly educated staff, an attractive cost of work, formidable job competencies, great communication, knowledge of foreign languages, etc. There are no language barriers, considering the fact that English is used in most IT companies as the main language. Thanks to the education system that insists on knowing at least two foreign languages and a large number of international and language schools, it is very easy to find professionals of all profiles who are fluent in English, German, Italian, Spanish, French or Russian in Belgrade. What makes these IT teams special is the coordination of communications and understanding the clients’ needs.
LIVING IN SERBIA
Thanks to the proximity of Western Europe, where most of our clients are situated, there are considerable reductions of time needed to get the work done and the convenient location reduces the time needed for travel as well. Almost all European airlines fly to Belgrade, which facilitates the organization of travel, and Belgrade has many affordable hotels that charge less for the same quality of service found in most world capitals. There are no visas and everything is safe. Serbia is open for investments and is in the middle of the process of transformation according to the Western business models. The borders are open, safety is certain, and hospitality, which is deeply rooted in Serbian culture, will make you enjoy your business trips to our country.
The great number of hotels and restaurants, as well as reasonable accommodation and food costs are some of the reasons why Belgrade and Serbia are visited by the growing number of foreigners each year.
When compared to hiring educated and trained IT experts in Western Europe and America, users can save money considering the relatively low prices in Serbia without compromising the quality of work. It is a irrefutable fact that there are other world metropolises with a larger number of IT experts and there are also cities that offer even lower costs and a cheaper work force, but when the real costs and the total labor output and other benefits are compared, Belgrade is at the very top of the world as an optimum choice.