Unlike Ukraine’s manufacturing plants, warehouses and stores, many of which lie in ruins, its IT sector has had much better luck.
The tech industry reacted with lightning speed to the new reality dictated by Russia’s all-out war against Ukraine. Early in the invasion and even before it, companies started to relocate whole teams into safer western Ukrainian regions. Other IT specialists continued to work remotely even in dangerous areas close to the front line.
The results surprised many. In the first quarter of 2022, the industry’s export revenue hit a record $2 billion despite martial law and mobilization, up 25% year-over-year, according to Danylo Hetmantsev, the head of the parliament’s finance and taxation committee.
Ukrainian tech industry demonstrates resilience amid the warRead More
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