ITukraine

Monday, April 28

The Ukrainian IT market is currently facing the toughest set of challenges it has seen in recent years.

The Ukrainian IT market is currently facing the toughest set of challenges it has seen in recent years. In January 2025, exports of IT services dropped to $489M, down $19M compared to the same period in 2024. This marks the worst start to a year since the onset of the full-scale war. While the Ukrainian...

Tuesday, December 10

Ukraine still needs to catch up to its pre-war export figures.

Ukraine still needs to catch up to its pre-war export figures. Analysts note that in 10 months of 2024, Ukraine earned $46.35B from exports of goods and services. Compared to the corresponding period last year, exports increased by 10%. During this time, $32.25B ...

Wednesday, October 9

In the first half of the year, almost $3B in foreign direct investment came into Ukraine.

In the first half of the year, almost $3B in foreign direct investment came into Ukraine. As reported by the parliament’s financial committee, in the first half of 2024 $2.96B in foreign direct investment (FDI) entered Ukraine. 74% of FDI inflow continues to create reinvested income ...

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...

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...

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...

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...

Monday, June 27

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

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...

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...

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...

Tuesday, May 24

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 11

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 ...

Thursday, March 31

Legal and tax guidelines will be simplified for IT companies in Diia.City during martial law.

Legal and tax guidelines will be simplified for IT companies in Diia.City during martial law. The Ministry of Finance stated the conditions of the legal and tax requirements of Diia.City will become even easier for IT companies. What has changed: The criteria for residency have been simplifie...

Lviv becomes the IT capital of Ukraine.

Lviv becomes the IT capital of Ukraine. Lviv and the surrounding region have become the main point of relocation for Ukrainian technology companies. Before the war, the city was third in terms of technology workers after Kyiv and Kharkiv, ...

Tuesday, March 29

The productivity of IT companies during the war is almost 90%.

The productivity of IT companies during the war is almost 90%. The productivity of the Ukrainian IT sector during martial law is 90% of previous levels, which will bring more than UAH 20B in taxes to the state budget for 2022, stated GlobalLogic, an IT company. C...

Wednesday, February 23

Ukrainian entrepreneurs transfer millions to the military.

Ukrainian entrepreneurs transfer millions to the military. Ukrainian entrepreneurs continue to make charitable contributions in support of the Armed Forces of Ukraine. Thanks to the post by the DOU.ua urging IT professionals to make charitable contributions t...

Wednesday, February 9

N-iX is opening four new offices in Ukraine.

N-iX is opening four new offices in Ukraine. Based in Lviv, the IT company N-iX announced the opening of four new offices in Ukraine: Dnipro, Ivano-Frankivsk, Kharkiv, and Vinnytsia. Previously, N-iX collaborated with local experts remotely, and...

Thursday, February 3

Work of IT in the Context of Aggravating Ukraine-Russia Relations

Work of IT in the Context of Aggravating Ukraine-Russia Relations . According to the results of an express survey of IT Ukraine Association, which has 75,000 members, 92% of companies assess the possible escalation of the armed conflict risks in the near future as l...

Friday, January 14

Lviv IT company enters the Latin American market.

Lviv IT company enters the Latin American market. Ukraine’s largest IT company, SoftServe, is opening some development centers in Mexico, Colombia and Chile, reported Ukrinform. Today, the company has provided over half a hundred vacancies in t...

Monday, January 10

Developers needed for e-certification services for seafarers.

Developers needed for e-certification services for seafarers. As part of the USAID / UK aid TAPAS project, which The Ukrainian Ministry of Infrastructure supports, a tender has been announced to identify contractors in developing electronic services in the field...

Wednesday, December 29

The volume of IT services exported from Ukraine has set a record.

The volume of IT services exported from Ukraine has set a record. The NBU reported on the state of Ukraine’s balance of payments. The indicators of exports of computer services for the period January to September 2021 brought $4.87 bln. The relative growth com...

Next year, the IT company SoftServe, plans to hire another 3,000 – 4,000 employees.

Next year, the IT company SoftServe, plans to hire another 3,000 – 4,000 employees. SoftServe intends to have 16,000 employees by 2022, reported nv.ua. Today, the company has 12,736 employees globally. In the past year, the company has added 5,288 people jobs. According to preliminar...

Wednesday, December 22

New tax law regime adopted for IT companies.

New tax law regime adopted for IT companies. Diya.City will come into force at the end of January 2022, said Minister of Digital Transformation Mikhail Fedorov. In 2022, IT companies will apply and pay taxes under the new tax system. Diya.city w...

2021 will be a record year for investments in startups.

2021 will be a record year for investments in startups. According to mind.ua, in the first three quarters of 2021, startups worldwide have already managed to attract about $454 bln, while in 2020, the global venture industry reached the level of $ 332 bln....

Tuesday, December 14

The Ukrainian Government started actively helping its IT industry.

The Ukrainian Government started actively helping its IT industry. The Ukrainian Startup Fund (USF), a state fund, was initiated by the cabinet of Ukraine’s Ministers. The fund’s mission is to promote the creation and development of technology startups in...

Kyiv apartment rental app Bird launched in London, UK.

Kyiv apartment rental app Bird launched in London, UK. Bird, an iOS app for long-term apartment rentals in Kyiv, is an experimental product of the company LUN, which appeared in the App Store in December 2018. Its main features are a detailed 3D map, whic...

Friday, December 10

A private IT university to open in Kyiv.

A private IT university to open in Kyiv. The presentation of a new private IT university SET University (Science, Entrepreneurship, Technology) in Kyiv was held. SET will develop students’ skills necessary for IT entrepreneurs. Foundin...

Thursday, December 9

A new $15M VC fund has launched in Ukraine.

A new $15M VC fund has launched in Ukraine. The new VC fund called SID Venture Partners I has launched in Ukraine. The trust fund is valued at $15 mln. Its focus is on early-stage funding of the projects with Ukrainian founders. The fund is man...

Ukrainian MedTech startup DrugCard has raised €255,000

Ukrainian MedTech startup DrugCard has raised €255,000 from Think Bigger Capital and Farmak. DrugCard is a platform for automatic monitoring of medical literature. The product helps pharmaceutical companies reduce costs, optimize routine processes, and en...

Tuesday, December 7

The rating of the best Tech employers in Ukraine.

The rating of the best Tech employers in Ukraine. The DOU portal published a rating of the best Tech employers in Ukraine according to employee estimates. This year, 23,736 employees voted for 1,391 companies. Employees rated companies on five blocks...

Monday, November 29

Avenga buys Ukrainian company Perfectial.

Avenga buys Ukrainian company Perfectial. Avenga, an international firm that specializes in implementing IT solutions for the medical, pharmaceutical, financial, insurance, and automotive industries has purchased Perfectial. Among the company...

Monday, October 25

Ukraine IT companies increasing their income levels. The average income of Ukrainian IT companies working with international clients increased by 29% per year, reported epravda.com. The average income of IT businesses in Kyiv grew by 41%. In second plac...

Monday, October 18

Ukrainian startup Party.Space has attracted $ 1 million in investment, reported ain.ua. Party.Space is a virtual platform for corporate parties, themed holidays, seminars, and afterparty with the simulation of live presence in 3D and game activities. Party.space allows y...

Friday, October 15

“IT industry can grow by 30-60% per year” , announced Valery Kraskovsky, the CEO and Co-founder of Sigma Software. Over the past 15 years, the Ukrainian IT industry has grown 115 times. Its turnover now exceeds $ 6 billion. About half of the ...

Thursday, October 14

The European Business Association (EBA) hosted an IT Conference focusing on the state of IT, tech education in Ukraine, and prospects/challenges of IT development. The IT sector in Ukraine has grown at an average rate of 20-25% said EBA Deputy Director for Advocacy – Ms. Svitlana Mykhailovska...

Thursday, October 7

The US firm, Virtuozzo, has purchased the Ukrainian developer of cloud services Jelastic. Virtuozzo is a company that specializes in virtualization software has bought the Ukrainian IT developer of cloud services Jelastic. The transaction was announced by the CEO of Jelastic, Ruslan Sinits...

Wednesday, October 6

IT is the road to Ukraine’s brighter future. This is the theme of the EBA IT Conference which will be held on October 11, 2021. It will provide participants the opportunity to hear presentations by industry leaders in the IT sector, CEOs of lead...

Monday, October 4

Technology companies have the best opportunity to attract strategic investors. “Quantitative changes in technology, the introduction of state-of-the-art solutions based on “smart systems”, associated with the widespread introduction of so-called smart, cyber-physical...

Friday, September 24

Ukraine startups presenting at World Web Summit. The event takes place in Lisbon, Portugal between November 1-4. Web Summit brings together the people and companies redefining the global tech industry, and this year the event expects 70,000 visitors...

Tuesday, September 21

Kharkiv’s IT success shows the way for other Ukrainian cities. 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 ...

Thursday, September 16

The share of the IT industry in the Ukrainian economy is 4% of GDP. The government wants to focus on this industry and significantly increase revenues. According to the results of 10 years, the percentage increased in the IT industry, to 4.9% in 2020 and to 5.6% in th...

Tuesday, September 14

Fund of Funds in Ukraine for US investors. The Minister of Digital Transformation of Ukraine, Mykhailo Fedorov, has presented an idea of launching a Fund of Funds in Ukraine for US investors. “The state will not only invest in startups b...

Monday, June 14

Lviv Mayor Andriy Sadovyy enthused: “SoftServe is one of the coolest companies in the IT market today in Ukraine…There will be a school, a kindergarten, sports infrastructure, and there will be workplaces.”

Monday, April 5

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...

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...

Wednesday, December 30

In a televised briefing, the Economy Minister Petrashko said that Ukraine’s GDP probably shrank in the fourth quarter by 3% yoy.

In a televised briefing, the Economy Minister Petrashko said that Ukraine’s GDP probably shrank in the fourth quarter by 3% yoy. In a televised briefing, the Economy Minister Petrashko said that Ukraine’s GDP probably shrank in the fourth quarter by 3% yoy. This represents a stabilization from the cataclysmic 11.4% yoy dr...

Bucking the Covid recession, the number of IT companies and IT workers in Lviv increased by 7% in 2020, compared to the previous year, according

Bucking the Covid recession, the number of IT companies and IT workers in Lviv increased by 7% in 2020, compared to the previous year, according Bucking the Covid recession, the number of IT companies and IT workers in Lviv increased by 7% in 2020, compared to the previous year, according IT Research 5.0, a study conducted by Fama research age...

Ukraine is preparing to negotiate Free Trade Agreements in 2021 with China, Vietnam, Indonesia, Egypt and Jordan, said

Ukraine is preparing to negotiate Free Trade Agreements in 2021 with China, Vietnam, Indonesia, Egypt and Jordan, said Ukraine is preparing to negotiate Free Trade Agreements in 2021 with China, Vietnam, Indonesia, Egypt and Jordan, said Ihor Petrashko, Minister of Economic Development and Trade. “These are important ...

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