A new legal framework for the IT industry has been launched.

On February 8, an emergent legal framework, Diia.City, developed for the rapidly expanding  IT industry, will start operating in Ukraine. During a speech, President Volodymyr Zelensky said that thanks to Diia.City, the share of IT in Ukraine’s GDP will increase from 4% to 10%, and revenues will grow to $16.5B. According to him, the first leading foreign and Ukrainian IT companies will join the regime today. The IT giants Revolut and SoftServe confirmed that they would join Diia.City in the coming days.