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The European IT Center

Cubes offices are located in Belgrade, the capital of Serbia. Serbia has been investing heavily in the IT sector over the years, which means there are more IT projects going on, and more young people being educated in the field. With a growing number of IT experts and investments in technology, Serbia is slowly becoming an ideal European IT center.

Why Serbia

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 and distributors.

At the moment 180 Serbian companies are exporting software. They employ ten and a half thousand people.

University Education

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.

Profitability

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.