The Wall Street journal, a world-known business-focused newspaper based in New York City, has published an article with quite an intriguing title for those who represent the IT sector in Belarus. Sure enough, the title – “Belarus is emerging as the Silicon Valley of Eastern Europe” – sounds flattering and promising at the same time.
While the life in Belarus has been covered by western media mainly because of several political reasons, the article serves as a proof that there’s more in Belarus that meets the eye. Slowly, but gradually the country has become one of the largest and most established information technology outsourcing providers in Europe. As the article says, “in 2015 exports from Belarus’s main IT hub totaled $705.6 million”.
These numbers are linked to the creation of Hi-Tech Park, “a 123.5-acre haven for IT companies in eastern Minsk”. Industry insiders proclaim the Hi-Tech Park (with SumatoSoft being its resident) as a place that fosters innovation and brings the environment for further progress.
Nowadays, 164 companies (with more than 25,000 employees) are residents of Hi-Tech Park; the majority of the software developers are Belarusian. 41% of the companies have been established by Belarusian investors, 35% have been set up by foreign investors and 24% are joint ventures.
The article enumerates the big names like Wargaming, Epam Systems Inc., or Viber Media, saying that “Belarus’s [IT] community is very good, very friendly”
Well, one couldn’t agree more. The success of the IT sector is a proof. Read on the whole article to get the details.