The director of Microsoft Ukraine, Eric Franke, believes that Ukraine will be the next country to make an impact in software development. The country currently has 30,000 to 40,000 individual software developers and its 
location – central to Russia and Europe – makes the country have huge potential with its strategic location. Already many of the Ukraine developers are working on products for Microsoft, writing code, integrating, supporting, localizing, and adapting software for the company. The universities in Ukraine, according to Franke, are producing high quality programmers and Microsoft has formed partnerships with 10 core universities in the country.
The software development arena in Ukraine is 85% IT with software a growing slice of the computer programming pie. In five years Microsoft Ukraine has grown from four employees to 150 and it’s not expected to slow down for at least another three years. Growth in the programming segment is growing in solution sales and partners and currently Ukraine Microsoft has over 1,000 partners. Eric Franke believes that while Ukraine is not as big as India, the company can play a large role in outsourcing and development market. With the current growth of 40% per year, Ukraine could be a second India with their huge intellectual capital and their location to Europe.
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Very encouraging for western companies seeking to outsource. But a question remains, what about political stability ?
From the west it seems that there is a constant menace from the big bear next to you, what is your opinion.
This is not a cynical point but a real question.