Denys Krasnikov - Ukraine Digital News

Ukrainian e-commerce heavyweight Rozetka acquires EVO Group, firms to merge

November 27, 2018

Ukraine’s largest e-commerce firms, Rozetka and EVO Group have merged after getting the thumbs up for the union from Ukraine’s Antimonopoly Committee on Nov. 27. The e-commerce firms finalized anagreement that had been pending for almost four months as the companies waited for the go-ahead from the Antimonopoly Committee. Under the agreement, Rozetka has now bought …

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How thousands of small Ukrainian entrepreneurs find creative ways to use PayPal

October 5, 2018

PayPal is a convenient internet-based money transfer service popular in the West. But PayPal doesn’t work in Ukraine. While Ukrainians can use the service to send funds to other PayPal users, they can’t receive money. So thousands of small Ukrainian entrepreneurs have to be creative to find a way to earn their living by selling …

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Ukrainian, Soviet refugee runs biggest cannabis delivery service in California

September 14, 2018

After the family settled down in California in the 1990s, the young Klempner dropped out, worked as a programmer, founded a failed startup, and ended up $100,000 in the red. He repaid his debts running a small software consultancy firm in Ukraine, but he still dreamed of success. So even after this bumpy entrepreneurial start, …

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Ukraine going cashless: digital bank transactions hit $21 billion in 2018

August 24, 2018

Ukrainians with bank cards are gradually giving up the use of cash, according to a report published by the National Bank of Ukraine on Aug. 21 – the first in what is to be a regular series of NBU reports on cashless transactions. In the first six months of 2018, Ukrainians conducted 1.5 billion cashless transactions worth …

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Ukraine’s e-commerce giants Rozetka, EVO Group plan to merge

August 10, 2018

Ukraine’s largest e-commerce firms Rozetka and EVO Group are to merge in order to develop an “ecosystem for local internet buyers and sellers,” the companies announced yesterday. The agreement foresees Rozetka buying a 56% share of EVO Group from Naspers, the multinational internet and media group whose online marketplace OLX also operates in Ukraine. The companies plan …

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PrivatBank makes its online banking service Privat24 available to all

August 2, 2018

PrivatBank, Ukraine’s largest and innovation-friendly bank, has just rolled out an extended version of its Internet bank Privat24, making its services available to users of any bank around the world. Positioned as a “bank of a new generation,” Privat24 is still in beta mode. However, even now anyone can test the service using its trial website …

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After Apple Store success, Ukrainian gadget-maker Concepter switches to consulting

July 23, 2018

For around five years, Concepter has been successfully producing its own hardware, such as two generations of its gadget iBlazr, a wireless flash that affixes to a smartphone to snap better-lit photos. The startup crowdfunded a total of $400,000 for the gadget, which was then successfully sold in Europe’s Apple Inc. stores. With this experience, Concepter …

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Ukraine attains mediocre global Internet speed ranking

July 13, 2018

Ukraine has second-rate internet speed, according to the annual Worldwide Broadband Speed League ranking published by British consumer telecoms analyst Cable.co.uk on July 10. Ukraine placed 58th out of 200 countries regarding the speed of its internet, with Greece one place ahead and Cyprus one behind. That’s four positions lower than in 2017. Ukraine’s regional peers of Russia, …

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Swedish government provides $1.7 million to open IT schools across Ukraine

July 11, 2018

Sweden has partnered with Swedish-Ukrainian non-profit Beetroot Academy to spread information technology schools across Ukraine, according to the Embassy of Sweden in Kyiv. The agreement foresees a three-year program to foster Beetroot Academy to double their current number of IT schools to a total of 20 locations across the country, which will “help the development …

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Ukraine’s IT firms embrace corporate social responsibility

June 5, 2018

Tech companies are viewed as good employers in Ukraine, mainly because of the relatively high salaries they offer. But there’s more to a good employer than good money — the brainpower industry of information technology also takes good care of its employees, its main asset. Apart from a generous compensation, it includes creating a comfortable …

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Swiss investor buys stock worth $1 billion in one of Ukraine’s largest IT companies

May 26, 2018

Partners Group, a Swiss investment company, has bought shares in international GlobalLogic, one of the three most profitable Ukrainian tech firms, and one the biggest employers in Ukraine’s tech sector. The Swiss company announced on May 23 it had acquired 48% of GlobalLogic shares, which, given the company’s market capitalization ($2 billion), means the deal cost …

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Startup matchmakes Ukrainian programmers with international digital giants

May 4, 2018

A Ukrainian startup is now helping heavyweight companies find and hire Ukrainian programmers to work for them. Called YouTeam, the startup “bridges” tech people from Eastern Europe with the rest of the world, giving access to a pool of programmers who are ready to jump on a tech project. The list of the firms that have used …

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