The IT sector in Serbia is growing. As most of you probably know, the country has drummed up a lot of interest from some big guns lately. Microsoft has established its first software development center in Southern Europe in Belgrade making it the base for one of its five global development centers.

A few facts about the Serbian IT sector:

• 70% of workforce holds a university level qualification.
• High percentage of the English language speakers.
• No time difference.
• European culture.
• Innovative IT companies.
• Low operating costs.
• Annual growth rate at 18.3%.

Thanks to its educational system, Serbia’s intellectual capital is on the constant up. Particularly strong is technical education, with high school students performing among the best in mathematics, physics and IT competitions worldwide.

We at Troxo couldn’t be happier about this. That are able to build our team of skilled and talented individuals who turned their passion into profession is something we take pride in, all the more so given the fact that such resources beyond our country are almost fully tapped. And what remains indisputable is that it’s talent that makes capital dance, as the authors of Funky Business put it.

Adding to the popularity of Serbia is Belgrade, declared the City of the Future in Southern Europe for 2006/07 in a contest organized by Financial Times/FDI magazine. Alongside London and Paris, our capital was declared one of the best places in Europe to do business.