InvestmentsTech

A German IT company invests €2M to localize its products in Ukraine.

Monday, December 18, 2023
A German IT company invests €2M to localize its products in Ukraine.

Software and cloud services developer SAP plans to invest €2M in localization of its products in Ukraine in 2024. The Ministry of Digital Transformation noted that SAP recently launched an ERP solution for medium-sized businesses, GROW with SAP, and joining the SAP Business Network simplifies the entry of Ukrainian goods to international markets.

According to the Minister of Digital Transformation, Mykhailo Fedorov, the German company’s technological support provided to Ukraine for 2023-2024 is estimated at €65M.

Fedorov recalled that in 2023, the Ministry of Defense introduced a system from SAP that helps manage resources. In particular, it accelerated the processing of requests from brigades for the supply of items. Today, SAP products are used in the defense sector by 44 countries; in particular, 28 of the 31 NATO member states use this system, he clarified.

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