By 2025, Kharkiv’s IT industry will double in size to $1.8 billion

By 2025, Kharkiv’s IT industry will double in size to $1.8 billion, PricewaterhouseCoopers forecasts in a new report, ‘Kharkiv IT Research.’ Calling Ukraine’s second largest city, “a massive outsourcing hub,” second only to Kyiv, PwC says Kharkiv has 450 tech companies employing 25,000 IT specialists. Last year, 95% of Kharkiv’s IT service sales were exported – 65% to the US and 25% to Europe. Downsides are growing salaries and poor air connections that force two thirds of visitors to hub through Kyiv.