With a population of 7.3 million people and a
total area of 88.361 km2, the Republic of
Serbia, is one of the leading countries in the
South European region. Between 2004 and 2008 Serbia
was one of the fastest growing economies in
the world, with an average GDP growth rate of
6.8%. The services sector (telecommunication,
retail trade and banking) contributed greatly
to this growth of GDP.
Information technology, together with education
and industry growth, 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, the IT sector in
Serbia is comprised of computer hardware
manufacturers and distributors, as well as
software and computer services developers
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.
It's hard to find such concentration
of excellence and talent elsewhere. 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 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 the global IT market continues to develop,
the need for outsourcing also grows. Serbia
has a good geographic location in the sense
that it can offer financially profitable and
reliable alternatives to 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 requires the
knowledge of 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 communication and the
understanding of the clients’ needs.
Foreign companies that do business in Serbia, or employ
companies from there for outsourcing, will find that
the biggest advantage Serbia has is its highly educated
people that work for relatively low wages compared to
other countries. This makes our country the perfect
location for outsourcing. Any company that outsources
to Serbia will have high quality at a lower cost guaranteed.