That's according to McKinsey and Co, which predicts the business process outsourcing (BPO) industry will support 130,000 jobs in the region by 2008.
Although only one per cent of the world's total BPO spend - worth $30bn - is currently located in Eastern Europe, the region emerged as one of the favourite locations for Western European companies to invest in between 2004 and 2006.
McKinsey identifies three main advantages for companies locating BPO operations in Eastern Europe in the winter issue of McKinsey on IT.
The region offers low wage levels, comparable to India, with slow wage inflation looking likely to keep the region economically competitive for at least 15 years.
