ITukraine

Friday, January 21

The export share of IT services in 2021 increased by 4.8%. According to the Executive Director of the IT Ukraine Association, Kostiantyn Vasyuk, the volume of Ukrainian IT exports in 2021 was $6.8B (in 2020 it was $5B). At the same time, the share of IT in th...

Friday, January 14

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. 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 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. 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. 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. 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 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. 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. 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. 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 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 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, 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 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

For the eight different hryvnia bonds offered, yields have changed little since last week, For the eight different hryvnia bonds offered, yields have changed little since last week, ranging from 10% for 3-month bonds, to 12.25% for 5-year bonds. With 3-month bonds in dollars offering a 2.9%...

Interpipe, Ukraine’s top producer of steel pipes and railroad wheels, is buying back $75 million worth of its 2024 Eurobonds, Interpipe, Ukraine’s top producer of steel pipes and railroad wheels, is buying back $75 million worth of its 2024 Eurobonds, the company reported. CEO Fadi Hraibe told investors “Various instru...

Ukraine’s international reserves are “over $28.5 billion,” the highest level in eight years Ukraine’s international reserves are “over $28.5 billion,” the highest level in eight years, Bohdan Danylyshyn, head of the Council of the National Bank of Ukraine, wrote on his Facebook page. This wo...

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 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 Ihor Petrashko, Minister of Economic Development and Trade. “These are important ...

Tripling Vietnam-Ukraine trade to $1 billion by 2023 and forging a bilateral free trade pact Tripling Vietnam-Ukraine trade to $1 billion by 2023 and forging a bilateral free trade pact were two goals set at a meeting Monday in Kviv between Nguyen Hong Thach, Vietnam’s ambassador to Ukraine, ...

A recently agreed $1 billion “linked loan” from China “is not a victory,” A recently agreed $1 billion “linked loan” from China “is not a victory,” Oksana Markarova, Ukraine’s former Finance Minister and future Ambassador to the US, wrote in her blog for Ekonomichna Pravda....

In advance of the January 20, 2021 inauguration of President-elect Joe Biden, Washington-based Radio Svoboda continues to investigate Ihor Kolomoisky’s investments in the US In advance of the January 20, 2021 inauguration of President-elect Joe Biden, Washington-based Radio Svoboda continues to investigate Ihor Kolomoisky’s investments in the US with a story headlined: “U...

President Zelenskiy yesterday suspended the Chief Justice of the Constitutional Court through February President Zelenskiy yesterday suspended the Chief Justice of the Constitutional Court through February after he failed to appear Monday at police inquiry into a bribery charge. The Justice, Oleksandr ...

Concorde Capital’s Zenon Zawada writes: Concorde Capital’s Zenon Zawada writes: “On the surface, it’s impressive that the Prosecutor General’s Office is pursuing this criminal case against Tupitskiy…We are confident that Tupitskiy won’t be ...

Signaling a revival of Ukraine’s aircraft building industry, the Defense Ministry has ordered three An-178-100R military transport jets from Antonov, Signaling a revival of Ukraine’s aircraft building industry, the Defense Ministry has ordered three An-178-100R military transport jets from Antonov, the first such order since Independence in 1991. P...

Next year, Ukraine will establish a state airline based on a fleet of Antonov regional jets, Next year, Ukraine will establish a state airline based on a fleet of Antonov regional jets, President Zelenskiy promised yesterday at the military cargo jet signing ceremony. Yuri Guzev, the new gene...

The Dnipro shipping season is being extended to Jan. 15, an unprecedented extension into mid-winter. The Dnipro shipping season is being extended to Jan. 15, an unprecedented extension into mid-winter. Studying long term weather forecasts, the Maritime and River Transport Service on Monday made its t...

The The Finance Ministry made another high volume government bond sale yesterday — $874 million in equivalent. With this auction, the Ministry has raised nearly $3.5 billion in the last three weeks ...

Thursday, December 17

Investment company Quarter Partners has launched an IT venture fund, promising to invest $100 million in Ukrainian startups Investment company Quarter Partners has launched an IT venture fund, promising to invest $100 million in Ukrainian startups or international ones with Ukrainian ties. Acting as an ‘angel investor,’ th...

Kyiv deepfake startup RefaceAI has raised $5.5 million from Silicon Valley investors, Kyiv deepfake startup RefaceAI has raised $5.5 million from Silicon Valley investors, Roman Mogylnyi, a co-founder, wrote on Facebook. Since launch last January, the face-swapping app has been downloa...

NASA has signed a $9.8 million contract with a Ukrainian-American aerospace company to launch small satellites for space research NASA has signed a $9.8 million contract with a Ukrainian-American aerospace company to launch small satellites for space research, reports the U.S. space agency. Firefly Black, a unit of Max Polyakov’...

Antonov Airlines has carried its largest satellite to date Antonov Airlines has carried its largest satellite to date – a 55-ton Space X communications satellite — from Toulouse, France to Titusville, Florida, home of the commercial airport serving the ...

Forty Belarusian tech companies and 2,000 IT workers have moved to Ukraine Forty Belarusian tech companies and 2,000 IT workers have moved to Ukraine in the four months since protests erupted after Alexander Lukashenko claimed to have won the Presidential Election. The Belar...

Turkey’s top military procurement official Ismail Demir has signed agreements in Kyiv for the technology transfer and joint production of attack drones and corvette warships Turkey’s top military procurement official Ismail Demir has signed agreements in Kyiv for the technology transfer and joint production of attack drones and corvette warships, Ukraine’s Defense Ministr...

Separately, Separately, Al-Monitor, another US-based new site, reported that in the second half of November Ukrainian forces tested Turkish-made Bayraktar TB2 combat drones over the Sea of Azov and around Kramato...

The new UK-Ukraine trade agreement has been ratified by both countries’ parliaments and will take effect on January 1, 2021 The new UK-Ukraine trade agreement has been ratified by both countries’ parliaments and will take effect on January 1, 2021 Taras Kachka, Ukraine’s Trade Representative, wrote on Facebook. The new pac...