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Friday, April 9, 2021
Poland’s BGK Bank has agreed to fund 60% of the first phase of Lviv’s Innovation District IT Park,

the technology park has reported. The State-owned Bank, Gospodarstwa Krajowego, will loan €81.5 million for the €136 million first phase of development. With a first phase expected to be completed by of end 2023, the general contractor will be Unibep, one of Poland’s largest construction companies. Spreading over a 10-hectare site which is located 4 km south of Rynok Square, the Park will feature research laboratories and offices for 10,000 IT workers and students. Companies that have already reserved space include: GlobalLogic, N-iX, Intellias, SoftServe and Perfectial.

Monday, April 5, 2021
During the first quarter of Brexit, Ukraine’s exports to the UK increased by 38% yoy, with IT services emerging as the top sector,

said Vadym Prystiako, Ukraine’s Ambassador to Britain during the Ukrainian Prism discussion.At this rate, Britain will become one of our main trade partners by the end of this year,” he said. Noting that the Britain is now one of the top five consumers of Ukrainian services, he added: “IT is now greater than the traditional groups, such as metal, agricultural products, oil.” On December 16 2021, two weeks before Brexit went into effect, the Rada ratified a new Free Trade and Strategic Partnership between Ukraine and the UK.

Monday, April 5, 2021
The World Bank is discussing a $200 million loan for improving IT higher education

, the Finance Ministry wrote on Facebook. The funds will be spent on computers and to tailoring university curricula to real world employer needs. The Digital Transformation Ministry has set a goal of doubling the number of Ukrainian IT specialists, to 500,000 by 2024.

Friday, February 26, 2021
At least 1,000 highly skilled engineers would have been required to develop the code that hijacked widely used network software from US-based SolarWinds to deploy malware around the world,

Microsoft President Brad Smith told the Senate Intelligence Committee in Washington Tuesday. Smith said: “We’ve seen substantial evidence that points to the Russian foreign intelligence agency, and we have found no evidence that leads us anywhere else.” At least nine government agencies and 100 private companies were breached. White House press secretary Jen Psaki said Tuesday it will be “weeks, not months,” before the U.S. responds to Russia.