Ukraine’s second-largest city, Kharkiv, is well on its way to becoming a major regional IT powerhouse, according to a new report from the Kharkiv IT Cluster. Carried out in partnership with KPMG, the report concludes that the Kharkiv region is now home to more than 45,000 IT specialists, and 500 IT firms. Despite the Covid-19 pandemic, growth over the past two years has been strong. The estimated value of the Kharkiv IT industry is approximately $1.5 bln in 2021, an increase of 59% in 2019.