Externalization has become an industry of its own, that in 2020 amounts to $93 billion. The main reason companies outsource part of their business is to access know-how, talent, and to be able to focus their in-house resources on the core business.
In the last two decades, Western countries chose an offshore partner based on cost-effectiveness, culture, talent-pool, and the robustness of their country’s political and economical systems. Hence, Eastern European countries became a very attractive destination for nearshoring and offshoring.
Of the Eastern European countries, Romania is one of the most appreciated outlets and destination, given its EU membership, functioning market economy status, open culture, talent pool, and low cost of living.