Tech

Monday, August 29

Ukrainian IT companies relocation trend.

Ukrainian IT companies relocation trend. Since the beginning of the war, more than 50% of Ukrainian IT companies have not relocated and instead switched to remote work, according to an IT Ukraine study. Among the IT companies that did move, ...

Monday, August 22

The digital currency Ethereum has doubled in price and is outperforming Bitcoin.

The digital currency Ethereum has doubled in price and is outperforming Bitcoin. After falling to its lowest point in mid-June, the world’s second most popular cryptocurrency – Ethereum – rose sharply in price and has significantly outpaced Bitcoin. On June 19, B...

Wednesday, August 17

More than half of start-ups continue their operations exclusively from Ukraine.

More than half of start-ups continue their operations exclusively from Ukraine. Despite the ongoing war, Ukrainian start-ups, in similar fashion to the country’s IT sector, have demonstrated resilience and entrepreneurs continue to operate their businesses and remain committed to...

Tuesday, August 16

Sigma Software and Tech Nation are launching the Hack for Peace project.

Sigma Software and Tech Nation are launching the Hack for Peace project. Swedish-Ukrainian IT company Sigma Software Group and Tech Nation UK will host the Cross-European hackathon, Hack for Peace to build tech solutions designed to solve war issues. The organizers welcom...

Friday, August 12

Ukrainian diplomats helped a Ukrainian IT company open an office in Japan.

Ukrainian diplomats helped a Ukrainian IT company open an office in Japan. During the last year, with the support of Ukrainian diplomats, the IT Ukraine Association and the Kobe city government organized a series of meetings and webinars, where the Japanese side became acqua...

Wednesday, August 10

Export of IT services increases by 23%.

Export of IT services increases by 23%. The volume of IT service export for the first half of 2022 reached $3.74B. This is 23% more than in the same period of the previous year, the IT Ukraine Association reported. The tech sector brought U...

Tuesday, August 9

A Ukrainian application reaches first place in the US App Store.

A Ukrainian application reaches first place in the US App Store. In August, the Ukrainian application Obimy topped the ratings of the most popular applications from the American App Store in the Lifestyle section, writes ain.ua. After the team redesigned the app, &...

Monday, August 8

IT giant EPAM’s profits fell due to the war in Ukraine.

IT giant EPAM’s profits fell due to the war in Ukraine. The net profit of the international IT service company EPAM, which is one of the largest IT employers in Ukraine, amounted to $18.6M in the second quarter. This is 16% of the $114.7M profit from same ...

Tuesday, August 2

Almost 7,000 IT specialists work for the Armed Forces of Ukraine.

Almost 7,000 IT specialists work for the Armed Forces of Ukraine. Since the war, between 50 and 57,000 IT specialists have left Ukraine. However, approximately 7,000 have joined the ranks of the Armed Forces or Territorial Defense Forces, according to research data...

Friday, July 29

Electronic wallets and payment accounts in Ukraine now conform to the IBAN standard.

Electronic wallets and payment accounts in Ukraine now conform to the IBAN standard. The National Bank has determined the structure for the formation of user payment account numbers and electronic wallets that will adhere to ISO 13616 (IBAN standard) requirements. Each number of the u...

Startup Unstoppable Domains, with an office in Kyiv, has attracted $65M in investment.

Startup Unstoppable Domains, with an office in Kyiv, has attracted $65M in investment. A virtual land rush for NFT internet domains, which use public blockchains that give users complete ownership of their data, helped one of the few companies that set up such sites claim a $1B valuatio...

Tuesday, July 26

The Ukrainian IT army has attacked more than 750 Russian Federation resources.

The Ukrainian IT army has attacked more than 750 Russian Federation resources. During July 11-24, the Ukrainian IT army disabled more than 750 Russian online resources, reported the Ministry of Digital Transformation’s press service. Critically important online resources of the ...

Monday, July 25

Ukraine is technically ready for mutual recognition of digital signatures with the EU.

Ukraine is technically ready for mutual recognition of digital signatures with the EU. The Ukrainian electronic signature recently successfully passed testing at the eSignature Validation Plugtests 2022, announced by the Minister of Digital Transformation Mykhailo Fedorov. “Mutual...

Friday, July 22

Google launches Google Wallet in Ukraine.

Google launches Google Wallet in Ukraine. In Ukraine, the Google Pay application has become Google Wallet and will support new digital elements, according to the company’s official blog. Google added that Google Wallet will standardiz...

Friday, July 15

The IT industry will have a slowdown in growth and a decrease in export revenues.

The IT industry will have a slowdown in growth and a decrease in export revenues. Due to a few unresolved problems, the growth of the IT industry will soon slow down in Ukraine. Accordingly, the amount of export revenues will decrease, said senior VP of GlobalLogic, Andriy Yavorsky...

Thursday, July 14

Ukrainian tech company Preply raises $50M.

Ukrainian tech company Preply raises $50M. The Ukrainian EdTech company Preply has raised a $50M Series C round, increasing its total investment amount since inception to $100M. The investment round was led by Owl Ventures The platform plans t...

Ukrainian company Intellias opens offices in Spain and Portugal.

Ukrainian company Intellias opens offices in Spain and Portugal. Intellias, an IT company, will open four new development centers in Spain and Portugal. These two countries demonstrate rapid development in the IT industry, good living conditions, and professional ...

Thursday, July 7

Through May, the export of IT services have increased by 27%.

Through May, the export of IT services have increased by 27%. IT services became the only business area that grew in 2022 compared to 2021. “In the first five months of this year, the share of IT in all service exports was 46% against 37% a year earlier. From Ja...

Wednesday, July 6

Ukraine has offered global IT companies a digital lend-lease for Ukraine.

Ukraine has offered global IT companies a digital lend-lease for Ukraine. According to the Minister of Digital Affairs, Mykhailo Fedorov, the Digital4Freedom initiative will help make Ukraine the most accessible and digital country in the world. In Lugano, Switzerland, the...

Tuesday, July 5

The number of IT vacancies has significantly decreased.

The number of IT vacancies has significantly decreased. In June, job offers for IT specialists made up 12.5% of all job offers, reported grc.ua. This percentage is almost as high as it was at the end of 2021 and even slightly more than in January 2022. H...

Friday, July 1

The IT army of Ukraine has hacked the largest Russian online shopping site.

The IT army of Ukraine has hacked the largest Russian online shopping site. The Roseltorg platform, owned by the Moscow government and VTB Bank, could not withstand a massive DDoS attack by Ukrainian hackers. The latter managed to obtain the data of about 500,000 citizens of...

Thursday, June 30

NATO will provide €1B to finance technology startups.

NATO will provide €1B to finance technology startups. As stated by NATO Secretary-General Jens Stoltenberg, NATO will set up a special fund to invest €1B in the latest dual-use technologies. “We are creating a NATO innovation fund. With Allied sup...

Wednesday, June 29

Ukraine has ordered dozens of Bayraktar drones.

Ukraine has ordered dozens of Bayraktar drones. Since the beginning of the full-scale invasion by the Russian Federation, the Armed Forces of Ukraine have received up to 50 Bayraktar unmanned aerial vehicles, and the Ministry of Defense plans to p...

The Ministry of Education is launching an educational project to teach IT specialties.

The Ministry of Education is launching an educational project to teach IT specialties. The Ministry of Digital Transformation, together with Binance and the Lviv IT Cluster, is launching the IT Generation educational project, which aims to enable talented Ukrainians to learn a new prof...

Tuesday, June 28

Russian hackers perform massive cyberattacks on Lithuania.

Russian hackers perform massive cyberattacks on Lithuania. The Russian hacker group Killnet claimed responsibility for cyberattacks on Lithuanian websites in response to Vilnius banning the passage of goods sanctioned by the European Union across its territor...

Monday, June 27

Oschadbank will start accepting applications for new business grants in July.

Oschadbank will start accepting applications for new business grants in July. Beginning July 1, the State Savings Bank will begin accepting applications from Ukrainians for microgrants of up to UAH 250,000 for a new business or the development of an existing business. Accordin...

The Ukrainian government will give up to UAH 3.5M to IT startups.

The Ukrainian government will give up to UAH 3.5M to IT startups. Within the framework of the eRobota project, the state will provide grant assistance of up to UAH 3.5M ($110,000) for IT startups. It will also pay for a scholarship in the amount of up to UAH 30,000...

Friday, June 24

Turkish UAV with a Ukrainian engine sets a new record.

Turkish UAV with a Ukrainian engine sets a new record. The Turkish Akıncı UAV, created by Baykar Makina, which has a Ukrainian-made engine, has set a new altitude record. According to technical director Selcuk Bayraktar, “Akıncı has again broken its...

Ukrainian IT exports in 2022 have already earned $3.2B.

Ukrainian IT exports in 2022 have already earned $3.2B. According to the National Bank of Ukraine, in the first five months of 2022, the IT industry brought $3.2B to the Ukrainian economy. According to the IT Ukraine Association, as of June 1, the IT sect...

Tuesday, June 14

Ukrainians registered 31,266 enterprises, most of them in IT.

Ukrainians registered 31,266 enterprises, most of them in IT. During the three months of the war, Ukrainians formed more than 30,000 enterprises. The majority of these are computer programming businesses, reported the Ministry of Digital Transformation. In total...

Friday, June 10

The EU will allocate €20M to support Ukrainian startups and innovation projects.

The EU will allocate €20M to support Ukrainian startups and innovation projects. According to the European Commission, thanks to a targeted amendment to the European Innovation Council (EIC) work program in 2022, a new initiative will support at least 200 Ukrainian high-tech start...

Ukrainian startup Rekava produces disposable, biodegradable utensils from coffee grounds.

Ukrainian startup Rekava produces disposable, biodegradable utensils from coffee grounds. The idea for all their new products is based on the principles of a circular economy and sustainable development. The main component used is coffee grounds, along with other secondary raw food mater...

ICLUB Global launches an online platform for investing in startups.

ICLUB Global launches an online platform for investing in startups. Private investor club ICLUB Global has launched the ICLUB Online platform, allowing anyone to invest in startups with TA Ventures and other club members. Along with the online platform launch, the cl...

Wednesday, June 8

Sigma Software opens new offices in Poland and Czech Republic.

Sigma Software opens new offices in Poland and Czech Republic. Swedish-Ukrainian IT company Sigma Software Group is launching new software development offices in Poland and the Czech Republic. With these offices, the company has added two more locations in Poland...

Thursday, June 2

US military hackers are conducting offensive operations in support of Ukraine.

US military hackers are conducting offensive operations in support of Ukraine. The Director of the National Security Agency told Sky News that he is concerned “every single day” about the risk of a Russian cyber-attack targeting the US and said that the agency’s “hu...

Ukraine is cooperating with the Energy Community to implement the fourth energy package.

Ukraine is cooperating with the Energy Community to implement the fourth energy package. Together with the Ministry of Energy, the State Agency for Energy Efficiency has developed a questionnaire for the Energy Community, which will determine the necessary legislative changes to implement...

Wednesday, June 1

Google issues grants for 17 Ukrainian startups.

Google issues grants for 17 Ukrainian startups. Google’s Foundation for Ukrainian Startups has announced the first recipients of grants – each of the 17 Ukrainian startups received a grant of up to $100,000. In March, Google announced ...

Tuesday, May 31

Foxtrot stores have launched cryptocurrency payments through Binance Pay.

Foxtrot stores have launched cryptocurrency payments through Binance Pay. Foxtrot’s chain of electronics and home appliance stores has launched the ability to pay for goods in their online store and retail outlets with cryptocurrency using Binance Pay, reported Speka...

Monday, May 30

Ukrainian Ajax Systems has started selling its security systems in the US.

Ukrainian Ajax Systems has started selling its security systems in the US. A Ukrainian developer and manufacturer of professional security systems, Ajax Systems, began sales in the United States with its first distributor in North America, SS&SI, announced its founder A...

Friday, May 27

A new IT town will be built in the Lviv region.

A new IT town will be built in the Lviv region. The construction of an IT town for representatives of creative industries has been planned in the Lviv region, said President of the International Technology Transfer Association (ITTA) Artem Honchare...

MacPaw invests $1M in the development of the Promprylad innovation center.

MacPaw invests $1M in the development of the Promprylad innovation center. The Ukrainian company MacPaw has become the largest investor in the Promprylad project in Ivano-Frankivsk. During the war, the company invested $1M in the center’s development, increasing the to...

Tuesday, May 24

Ukraine presented a plan for economic victory in Davos.

Ukraine presented a plan for economic victory in Davos. At the opening of the World Economic Forum, the First Deputy Prime Minister of Ukraine, Yulia Svyrydenko, presented to its participants the plans that Ukraine needs to implement to win the war. Ukrain...

A New IT cluster has started operating in Transcarpathia.

A New IT cluster has started operating in Transcarpathia. An IT cluster has officially begun working in Transcarpathia, and 11 IT companies have joined the board: Astound Commerce, SoftServe, Sigma Software, Genesis, 4TEAM, Telesens, EPAM, Intellias, SQUAD,...

Wednesday, May 18

The Ukrainian company Uklon launches an international franchise.

The Ukrainian company Uklon launches an international franchise. Ukrainian IT company Uklon, the eponymous ride-sharing service provider, is launching a franchise for global expansion into new markets. The franchise package includes access to the franchise and Ukl...

Thursday, May 12

The G7 will help Ukraine with cyber defense against Russian attacks.

The G7 will help Ukraine with cyber defense against Russian attacks. The G7 wants to help Ukraine with hardware to better protect itself from cyber-attacks in the war with Russia. It is still unknown what technology will be transferred to Ukraine. However, Ukraine Min...

The Russian video service “RuTube” is gone forever.

The Russian video service “RuTube” is gone forever. Anonymous hacked a Russian video service that was similar to YouTube. Hackers from the Anonymous association said they hacked the Russian video service RuTube and added that it would probably not rec...

Wednesday, May 11

Small and medium-sized businesses in Ukraine have lost $85B.

Small and medium-sized businesses in Ukraine have lost $85B. Small and medium-sized enterprises (SMEs) have suffered direct losses of $64-85B in the 75 days since the war began, stated the Advanter Group. SMEs have a total funding need of $54B, with 87% of com...

The Ukrainian IT sector has set record export revenues.

The Ukrainian IT sector has set record export revenues. In the first quarter of 2022, the IT sector generated a record $2B in export earnings, as announced by the Chairman of the Verkhovna Rada Committee on Finance, Danylo Getmantsev. Despite the war, the ...

Monday, May 2

The Russians continue cyber-attacks on Ukraine.

The Russians continue cyber-attacks on Ukraine. Ukraine is still experiencing intense pressure in cyberspace from Russian hackers, but, likely, their potential has already reached its maximum. They have already demonstrated all their available too...

Elon Musk hands over Tesla Powerwall energy-saving systems to Ukraine.

Elon Musk hands over Tesla Powerwall energy-saving systems to Ukraine. In addition to Starlink satellite internet stations, billionaire Elon Musk donated solar panels and energy-saving systems to Ukraine from Tesla Powerwall, announced Minister of Digital Transformation...

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