Tech

Friday, May 26

Since the beginning of the year, the Ukrainian state budget has received UAH 3.2B from Google tax.

Since the beginning of the year, the Ukrainian state budget has received UAH 3.2B from Google tax. According to the state tax committee, in 2022 Ukraine collected UAH 4.3B in Google tax. In the first quarter alone, companies paid UAH 1.9B in value-added tax on operations to provide electronic servi...

Analysts predict that government spending on IT will grow by 7.6% this year.

Analysts predict that government spending on IT will grow by 7.6% this year. Spending will amount to about $590B, predicts research company Gartner Inc. The company’s survey of IT directors found that 57% of government executives plan to increase funding for application ...

Visa is launching an IT hub in Poland and plans to hire Ukrainians.

Visa is launching an IT hub in Poland and plans to hire Ukrainians. The new IT center projects hiring 1,500 specialists for the major Polish IT hub over the next few years. As ITwiz writes, this is the first such project in Central and Eastern Europe. Visa has decided...

An American software developer will help Ukraine with the defense sector and reconstruction.

An American software developer will help Ukraine with the defense sector and reconstruction. The Ministry of Digital Transformation and Palantir signed a memorandum of collaboration that involves the use of Palantir technologies, particularly in assessing damage to buildings and infrastructur...

Thursday, May 25

Ukraine is preparing to export Diia to 10 countries.

Ukraine is preparing to export Diia to 10 countries. The Ministry of Digital Transformation of Ukraine is negotiating with 10 countries regarding using Ukrainian technology for their government services. So far, Ukraine is considering a partnership with...

Investment in Ukrainian startups has reached a seven-year low.

Investment in Ukrainian startups has reached a seven-year low. During the first year of the war, venture capital investments in Ukrainian startups fell to a seven-year low, Forbes writes. Against a record year of 2021 with $832M in investment, this year’s total a...

The European Central Bank is preparing for a digital euro.

The European Central Bank is preparing for a digital euro. The European Central Bank is preparing a project for a digital version of the euro, responding to pressure from emerging technologies that could change how money is exchanged in the future, reported A...

Friday, May 12

A new defense technology accelerator has been launched in Ukraine.

A new defense technology accelerator has been launched in Ukraine. An accelerator for defense startups, Dare to Defend Democracy (D3), will focus on teams and projects in the early stages, concentrating in Ukraine. The fund’s initial volume was $10M, but it has alrea...

Tuesday, May 9

Ukraine presented the IT sector’s potential at the largest tech conference in Scandinavia.

Ukraine presented the IT sector’s potential at the largest tech conference in Scandinavia. On May 3-4, Sweden held the Nordic countries’ largest technology conference – the Stockholm Tech Show 2023. The event gathered thousands of buyers, investors, developers, and technological innov...

Monday, May 8

The founder of Zakaz.ua attracted $4.6M in the new startup, Instock.

The founder of Zakaz.ua attracted $4.6M in the new startup, Instock. Entrepreneur Yehor Anchyshkin, who previously launched the Ukrainian product delivery service Zakaz.ua, launched a new startup, Instock, reported ain.ua. Instock raised $3M from One Way Ventures, Lux ...

Friday, May 5

Russia could target undersea internet cables as part the war.

Russia could target undersea internet cables as part the war. There is a persistent and significant risk that Russia could target critical allied infrastructure, including undersea internet cables, as part of its war on Ukraine, said David Cattler, NATO’s assist...

Ukrainian startups present products at the largest investment summit, SelectUSA.

Ukrainian startups present products at the largest investment summit, SelectUSA. Ukraine took part in the SelectUSA investment summit for the first time in history. Among the event’s guests are high-ranking officials of the White House, US governors, and representatives of m...

Wednesday, May 3

Ukraine has launched an electronic queue at 16 EU border points.

Ukraine has launched an electronic queue at 16 EU border points. The electronic border crossing system is expanding to 16 crossing points in the western direction for all types of transport, Prime Minister Denys Shmyhal said. Truck drivers can use eCherga from next...

The anti-corruption and economic effect of digitization in Ukraine was estimated at UAH 16.3B.

The anti-corruption and economic effect of digitization in Ukraine was estimated at UAH 16.3B. Based on the results of two years, the potential impact is estimated at UAH 48B, the Ministry of Digitization reported, commenting on signing a memorandum of cooperation with the National Anti-Corrupt...

Ukrainian startup InputSoft attracted a new €250.000 round of investments.

Ukrainian startup InputSoft attracted a new €250.000 round of investments. In 2022, the startup completed the TechStars program and received $120,000 in investment with a $3M valuation. InputSoft is a SaaS platform for optimizing human and technical resources and data analys...

Monday, May 1

Ukrainian Climate tech startup fights carbon pollution with its unique, newly developed technology.

Ukrainian Climate tech startup fights carbon pollution with its unique, newly developed technology. Climate change is humanity’s most significant health threat, and health professionals worldwide are already responding to the health harms caused by this unfolding crisis. The climate crisis thr...

In the first quarter, the export of IT services from Ukraine fell by 16%.

In the first quarter, the export of IT services from Ukraine fell by 16%. IT service exports have decreased to $1.68 B, reported the IT Ukraine Association. As analysts explained, the reason for the decline has two factors. The first is the industry’s growth at excess...

Friday, April 28

Japan will help Ukraine with further steps in digitalization.

Japan will help Ukraine with further steps in digitalization. Ukraine and Japan have agreed on cooperation in digital transformation and signed a memorandum for the first time. Within the framework of the memorandum, Japan will help Ukraine develop innovations a...

Poland will accelerate the delivery of drones to the Ukrainian front.

Poland will accelerate the delivery of drones to the Ukrainian front. Beginning April 27, the export of drones from Poland to Ukraine can be carried out based on general permission granted by the Minister of Development and Technology of Poland. Therefore, any commercia...

Thursday, April 27

Ukraine has launched the BRAVE1 cluster for the development of defense technologies.

Ukraine has launched the BRAVE1 cluster for the development of defense technologies. The Ministry of Digital Transformation, Ministry of Defense, General Staff, National Security Council, Ministry of Strategic Industry, and Ministry of Economy have established a single defense technol...

Tuesday, April 25

An Israeli software developer absorbed the Ukrainian company Mergewave Capital and is looking for other outsourcers.

An Israeli software developer absorbed the Ukrainian company Mergewave Capital and is looking for other outsourcers. Mergewave Capital signed an agreement with Israel IT, a well-known software developer with offices in Lviv and Ivano-Frankivsk. Mergewave Capital became the M&A representative for the Israeli IT c...

The Ukrainian manufacturer of all-terrain vehicles, Sherp, has entered the Turkish market.

The Ukrainian manufacturer of all-terrain vehicles, Sherp, has entered the Turkish market. The Ukrainian company, Sherp, which produces all-terrain vehicles, is ready to launch its new plant in the Turkish province of Bursa. The plant will start production of the Sherp YETX multi-purpose al...

Friday, April 21

Ukraine is intensifying IT industry development.

Ukraine is intensifying IT industry development. A memorandum was signed by the Ministry of Digital Transformation and Techosystem – an association of technology companies in Ukraine. The association plans to strengthen the industry’s ef...

The Ukrainian Dnipro-M chain is entering the EU market.

The Ukrainian Dnipro-M chain is entering the EU market. The first foreign country the power tool retail chain has entered is Poland, announced the company’s website. The two-story store is located in Wroclaw, which has a large Ukrainian community. The comp...

Thursday, April 20

Several countries continue to help Russia purchase microchips for its weapons.

Several countries continue to help Russia purchase microchips for its weapons. NYT journalists noted that at the end of March, US and EU officials exchanged information about millions of dollars’ worth of prohibited technology that seeps through the cracks in their defense syste...

The European Commission is preparing to strengthen EU cyber security significantly and is creating a €1.1B cyber shield.

The European Commission is preparing to strengthen EU cyber security significantly and is creating a €1.1B cyber shield. The EU announced the approval of a legislative initiative on new cyber security legislation. The new law is aimed at ensuring the detection and notification of threats and incidents in the field of cy...

Fintech Farm, founded by Ukrainians, has attracted a record $22M investment.

Fintech Farm, founded by Ukrainians, has attracted a record $22M investment. Fintech Farm, founded by three Ukrainians, Dmytro Dubilet, Oleksandr Vityaz, and Mykola Bezkrovny in 2020, closed funding round B with $22M. Fintech Farm is a platform for launching neobanks in partne...

Tuesday, April 18

Ukraine is ready to use the EU electronic waybill.

Ukraine is ready to use the EU electronic waybill. Ukraine was selected to participate in the EU4Digital pilot project. Ukraine envisages joining the EU’s unified electronic waybill system, e-CMR. Electronic TTN is already being implemented in U...

Friday, April 14

An American facial recognition software development company plans to open an office in Ukraine.

An American facial recognition software development company plans to open an office in Ukraine. The Clearview AI company is interested in building its digital infrastructure of Ukraine. Among their concepts is the use of artificial intelligence in customs and banking. In addition, the company is...

BigData will be launched in Ukraine for quality management decisions in the public sector.

BigData will be launched in Ukraine for quality management decisions in the public sector. The Ministry of Digital Transformation will become a pilot state body on which the Government BI (GBI) analytical system will be tested. After the completion of beta testing, the project is planned to...

Wednesday, April 12

Antonov expects the second Mriya aircraft to deliver a $30M profit every year.

Antonov expects the second Mriya aircraft to deliver a $30M profit every year. After completing development of the world’s largest aircraft, the Mriya, the state aerospace enterprise expects to have recouped its cost in 15 years, reported EP. Before the full-scale Russian ...

Tuesday, April 11

Ukrnafta is moving to a digital work format and launching a Virtual Data Room for investors.

Ukrnafta is moving to a digital work format and launching a Virtual Data Room for investors. Ukraine’s largest oil production company, Ukrnafta, is introducing the concept of a “digital well” and “digital field” at all its facilities. The new technology will allow remo...

Ukrainian IT specialists’ income decreased by 15%.

Ukrainian IT specialists’ income decreased by 15%. Over the past year, 46% of IT company employees had their salaries revised, and another 15% reported reduced benefits. The DOU study notes that companies cut the most payments after the start of the f...

Thursday, April 6

High gas prices push Ukrainians to switch to electric cars.

High gas prices push Ukrainians to switch to electric cars. Ukrainians bought 1,908 electric cars in March, 525 of which are new. The demand for new electric vehicles increased by 27% and by 8% for used compared to February, according to Ukravtoprom. The share...

Tuesday, April 4

Last year, Ukraine lost 6.6 million mobile subscribers.

Last year, Ukraine lost 6.6 million mobile subscribers. The number of active SIM cards in the mobile communication network in Ukraine at the end of 2022 amounted to 49.3 million, almost 12%, or 6.6 million, less than a year ago. Revenues from the provision...

Monday, April 3

Last year, Google doubled the financing for Ukrainian IT startups.

Last year, Google doubled the financing for Ukrainian IT startups. According to the head of Google for Startups, Michal Kramarz, Ukrainian companies supported by the fund received $10M in funding during the war in 2022 and hired an additional 216 employees. But what ...

Thursday, March 30

Ukraine is developing attack UAVs with a range of over 3,000 kilometers.

Ukraine is developing attack UAVs with a range of over 3,000 kilometers. The National Security and Defense Council Secretary, Oleksiy Danilov, announced the production of Ukrainian-made attack drones with a flight range of over 3,000 kilometers. Ukraine tech companies have...

Several startups will represent Ukraine at the SelectUSA 2023 investment summit.

Several startups will represent Ukraine at the SelectUSA 2023 investment summit. SelectUSA 2023, the main US private equity promotion event, will be held in Washington from May 1 to 4. The Ukrainian delegation will include ADAM, a startup that developed 3D printing technology for ...

Tuesday, March 28

Ukrainian startup Promin Aerospace has received their first pre-orders for $6.5M.

Ukrainian startup Promin Aerospace has received their first pre-orders for $6.5M. The Promin Aerospace team is developing a rocket that should be many times cheaper than its counterparts. The rocket does not have stages that burn out during flight and require the empty element to s...

Monday, March 27

The government has provided conditions for the mass production of drones in Ukraine.

The government has provided conditions for the mass production of drones in Ukraine. The Cabinet of Ministers adopted a resolution that will significantly speed up the creation and supply of domestic drones to the front and will create conditions for the rapid development of Ukrainian...

Wednesday, March 22

China provided Russia with $12M worth of drones in one year.

China provided Russia with $12M worth of drones in one year. After February 24, 2022, China had sold more than $12M worth of drones and spare parts to Russia, NYT sources say. This equipment originated from more than 70 Chinese exporters who have sold 26 differ...

Tuesday, March 21

The Ukrainian IT job market is facing a turning point.

The Ukrainian IT job market is facing a turning point. The labor market in the Ukrainian IT sector has changed dramatically following a sharp decrease in the number of vacancies. The main reason is the deterioration of the global situation in the sector a...

Monday, March 20

Since the beginning of the year, global IT companies have cut more than 139,000 employees.

Since the beginning of the year, global IT companies have cut more than 139,000 employees. According to the Layoffs.fyi, the figure has more than tripled since mid-January. The number of layoffs in the tech sector at the end of the current year is predicted to exceed last year’s figur...

Tuesday, March 14

The Diia.Business center in Warsaw will help 20 Ukrainian manufacturers enter the Polish market.

The Diia.Business center in Warsaw will help 20 Ukrainian manufacturers enter the Polish market. According to the Ministry of Statistics, among these companies are craft coffee company Roast One, raspberry and blueberry growers, floral supply company Agrobusk, snack manufacturers Brancho, and Pri...

Tuesday, March 7

Ukrainian IT specialists are moving abroad en masse.

Ukrainian IT specialists are moving abroad en masse. The staff levels of the 50 largest companies has decreased by 5.3% in half a year, DOU reports. It is noted that 92,400 people work in the 50 largest Ukrainian IT companies, compared to 100,000 in Jan...

Tuesday, February 28

Antonov will build the world’s largest new An-225 Mriya aircraft.

Antonov will build the world’s largest new An-225 Mriya aircraft. According to the director of the Antonov state enterprise, Vladyslav Vlasyk, the company’s employees are already working on a new plane. The new aircraft will be created utilizing the second An...

Ukrainian startup Finmap has attracted €1M in investment.

Ukrainian startup Finmap has attracted €1M in investment. Finmap’s main product is a cloud service and iOS application that helps business owners conveniently keep track of their company’s finances as well as entrepreneur’s personal finances. The...

Monday, February 27

The impact of the global recession on Ukrainian IT in 2023.

The impact of the global recession on Ukrainian IT in 2023. The recession will affect one-third of the global economy in 2023, according to Kristalina Georgieva, director of the International Monetary Fund. This is due to the simultaneous slowdown of three lar...

Ukrainian startup Deus Robotics has attracted $1.5M and plans to enter the US market.

Ukrainian startup Deus Robotics has attracted $1.5M and plans to enter the US market. The Ukrainian startup, Deus Robots, which creates robots for the automation of physical labor, received $1.5M in investment from the SMRK venture capital fund, said one of the fund’s co-founders, Vlad...

Friday, February 24

Foreign companies have invested in several Ukrainian startups.

Foreign companies have invested in several Ukrainian startups. Ukrainian AI startup Harmix has raised $500,000 from Canadian investors. Harmix is a Ukrainian service based on artificial intelligence that automatically selects music for videos. In addition, the Am...

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