I am in the US, but I work with a lot of people out places like Romania, Moldova, Serbia, etc. and I agree those folks as a rule work hard, and also have a very high capacity for technical work.
Their salaries are no where near those of Western Europe or the US, and not because of lack of ability but rather more macroeconomic issues in the regions. But a lot of technology solutions utilized by the world quietly get built out of there.