Ukraine Digital News - Ukraine Digital News

New law aims to regulate e-commerce and protect consumer rights

September 12, 2015

Last week the Ukrainian parliament adopted a long-awaited law to regulate electronic transactions in the countries. The law will essentially guarantee equal legal status and guarantees for electronic and traditional transactions. The new law provides a legal definition to such terms as “electronic transaction,” “electronic message,” and “Internet store,” the latter being described as “a method of …

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Saakashvili for prime minister, weapons for citizens – and no tax for IT companies, demand Ukrainian online petitioners

September 10, 2015

Following a law which came into force on last month, Ukrainians have been active in their use of their right to initiate and sign online petitions. The law obliges the presidential administration to consider any demand supported by at least 25,000 citizens within 90 days after petition launch. Thus it has taken merely one week …

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Gillbus secures $1 million from Ukrainian fund CIG

September 9, 2015

Gill Business Systems (Gillbus), a company that develops inventory distribution systems (IDS) for the bus-transportation industry, has just secured $1 million from Ukrainian fund Chernovetskyi Investment Group (CIG), reported tech blog AIN.UA. Launched in Ukraine in 2010, Gillbus aims to make distribution of tickets for buses “as smooth as tickets for airlines.” According to CIG, the company …

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Defying country’s woes, Ukrainian startups advance new innovations and accelerate into the market

September 2, 2015

While the debt negotiations and the renewal of fighting in the East of the country have both dominated the headlines this summer, startup entrepreneurs in Ukraine have weathered the storm to great effect. Several new products have been launched, while a number of teams have been successful in the completion of their crowdfunding campaigns. Another …

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TA Ventures invests in German metasearch engine for clothing and lifestyle products

August 27, 2015

Earlier this month Kyiv-based TA Ventures took part in a €2.3 million round of funding for Stylelounge, a German startup which operates a metasearch engine for clothing and lifestyle products. Also participating in the round were Axivate Capital, ASTUTIA Ventures as well as several business angels and family offices, according to CrunchBase and other media reports.

Giant investment firm CIG invests $1 million in Israeli startup Kidoz

August 25, 2015

In early August Chernovetskyi Investment Group (CIG), an investment company backed by businessman and former Kiyv (Kiev) mayor Leonid Chernovetskyi, contributed $1 million in a funding round secured by Israeli startup Kidoz. The round also involved several other investors, according to a CIG announcement reported by the Ukrainian media. However, neither these investors’ identity nor …

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Building a startup nation is a new Ukrainian dream

August 14, 2015

Two months ago I welcomed a delegation of European investors and tech entrepreneurs for an informal 3-day WEF/YGL/GS Ukraine Discovery Tour in Kyiv. I had met them at the World Economic Forum in Davos in January, and invited them to Ukraine despite skeptical views on the “country in war.” These views weren’t surprising because Russian …

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Ukrainian startup secures funding in Silicon Valley in one week to “simplify big data”

August 7, 2015

Illustrating the growing interpenetration of the Ukrainian and US startup ecosystems, Galactic Exchange, a big data startup with activities split between Kharkiv (Kharkov), Eastern Ukraine, and Silicon Valley, recently raised a seed funding round. The negotiation with the Silicon Valley investors took “less than a week,” Galactic Exchange co-founder Konstantin Kladko told Ukrainian tech blog AIN.UA.

New world of work: Digital marketplace reshapes casual labour

August 5, 2015

Dmitry Melnichenko’s wife had doubts about his plan to quit his stable, nine-to-five job to work from home as a freelance web developer; there was the uncertain income stream, the lack of interaction with colleagues and their young daughter to think about. But not only has Mr Melnichenko earned more since going solo than his wife expected, …

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In Eastern Ukraine, major IT players form “Kharkiv IT Cluster”

July 30, 2015

Last week several major IT companies in Kharkiv (Kharkov) announced they are joining forces to form the “Kharkiv IT Cluster” with the stated goal of transforming the city into an attractive IT hot spot, reported tech blog AIN.UA. Among the cluster’s key supporters are software developers and publishers Altexsoft, Insart, Telesens and Videal as well as …

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Warsaw event to highlight latest e-commerce trends in Central and Eastern Europe

July 27, 2015

E-commerce Trends 2015, a major e-commerce event in Poland, will hold its 6th edition at the Businessmen Institute in Warsaw on September 22-23. Highlighting the most important aspects of e-trade including cross-border trade, mobile commerce, modern logistics, payment and marketing services, the event will bring together key players from Central and Eastern Europe offering services and solutions for online shopping. …

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50 top tech entrepreneurs and VCs launch non-profit to help Ukrainian startups penetrate Silicon Valley

July 22, 2015

Last week more than 50 of Ukraine’s most renowned tech entrepreneurs and investors launched UA50, a non-profit initiative to help Ukrainian startups enter the US and global markets. By providing mentorship programs, networking opportunities and other guidance, the network aims to “cultivate a new generation of successful Ukrainian companies,” strengthen “Ukraine’s presence in the global tech innovation …

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