BusinessWeek has an article on IT talent in Eastern Europe excerpts from the same:

If you're a Bulgarian programmer, a Romanian network-systems engineer, or a Czech enterprise-software specialist, life is good. Salaries for information technology workers in Central Europe are rising by double digits annually as multinationals such as Hewlett-Packard, SAP, and Dell dive into the region, soaking up what was supposed to be a deep pool of math and science graduates willing to work for a third of what their Western European counterparts are paid.

As it turns out, the supply of qualified labor is proving surprisingly finite. And it's not just IT specialists, but also managers, accountants, engineers, and more. Call-center managers or IT directors in Poland can cost companies more than $100,000 a year including benefits, while even call center operators cost up to $23,000, staffing company Adecco says So big companies are paying more and migrating to the hinterlands to find good, low-cost labor. Finnish mobile-phone maker Nokia, which already employs nearly 5,000 people in Hungary, announced on Mar. 26 it will build a new handset factory in Romania. And New Jersey-based EPAM Systems, which develops software for the likes of Microsoft and SAP, is scouting locations in Russia.

Employers in Central Europe not only compete with each other but with Western Europe. Romania's shortage of skilled labor has been aggravated by the estimated 2.5 million citizens--out of a population of 22.3 million--who have decamped for work abroad.

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Prashanth Rai