This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Ukraine Europe's Top Freelance Country - Elance

KYIV, Ukraine, January 24, 2013 /PRNewswire/ --

Ukraine took the fourth spot in the global online earnings rating on the list of the global web employment platform  Elance . Total lifetime earnings by Ukrainian freelancers exceeded USD 38 million ,  with nearly USD 35.7 million gained by the IT industry ,  states the report. Over the last decade the country has demonstrated steady growth in IT outsourcing ,  providing services and workforce for the world's top corporations.

The global earnings leader is the U.S. (more than USD 166 million). India comes a close second with USD 165 million. Pakistan takes the third position on the list, surpassing Ukraine by mere USD 1.7 million. The fifth position on the Elance rating is taken by Canada, whose online freelancers' total earnings constituted less than half of the amount earned by Ukrainians. Curiously, Canada's freelancers earned more in creative jobs (over USD 9 million), rather than IT ( USD 7 million).

The UK was the sixth on the list with the correlation between creative and IT earnings that was similar to Canada's. Interestingly, Romania became the seventh of the Elance list. Ukraine's neighbor also earned majority of its total USD 16.4 million in IT salaries. Another Ukrainian neighbor - Russia was eighth.

The report states that top in-demand IT skills included security analysis, software testing, security engineering, oracle, and game programming. Creative skills were speech writing, calligraphy, sports writing, photography, and script writing. The most recent data featured in the Elance report dates back to the third quarter of 2012.

In August 2012, Financial Times noted the boom in Ukrainian IT sector over the last decade. Article Tapping Ukraine ' s IT Potential informed that Ukraine earned more than USD 1 billion on its IT services export in 2011 alone. Remarkably, estimated 16,000 IT specialists graduate in Ukraine every year. The country boasts the largest pool of engineering resources in Central and Eastern Europe. Ukraine is also the world's fifth largest software exporter.

In 2013-2023, enterprises producing software are exempt from VAT on software supply operations in Ukraine. The tax relief will apply to the supply of operating systems, regular computer programs, online services, etc. Nearly 1,000 outsourcing companies are registered in Ukraine. They provide services to Microsoft ,  HP ,  IBM ,  EBay , etc.

SOURCE Worldwide News Ukraine

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs