Ukraine Digital News

Established in 2014, Ukraine Digital News (UADN.NET) is the first English language international information platform dedicated to the Ukrainian digital and IT industries. As a free resource, it provides news, market data, business analysis and updates pertaining to the Internet, e-commerce, IT services, software development, hardware and other innovation in the country as well as to related investment activity and the legal environment. UADN also conducts or participates in research activities that provide local and international audiences with in-depth analysis and quality data on these industries. UADN is published by Belgian company International Digital News.

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Contactless payment use grows three-fold in five months in Ukraine

Payment for goods and services using contactless payment cards is gaining popularity in Ukraine. The Ukrainian Processing Center (UPC) has recorded a threefold increase in the turnover and the number of transactions using NFC-supported cards emitted by UPC’s five partnering banks. The average transaction value increased slightly from 48 hryvnias at the end of December …

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Apex VNT Limited acquires 10% of Ukrainian IT-outsourcing firm Epsy Soft

Apex VNT Limited, an international venture fund with offices in London and Kiev, has completed its first investment in the Ukrainian market, acquiring 10% of IT-outsourcing firm Epsy Soft for 2.3 million hryvnias (approximately $195,000). In commenting on the deal, Apex VNT PR director Dmitry Chepur told Ukraine Digital News that this is merely their first move into …

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Ukrainian IT students and alumni rank universities – and reveal appalling corruption

DOU.UA, a leading online community of IT programmers, has published a ranking of Ukrainian IT universities based on a survey of their graduates and students. The strengths and weaknesses of each university were evaluated based on their overall image, knowledge capacity and usefulness. More than 2,800 people participated in the survey, with 60% of these …

Ukrainian IT students and alumni rank universities – and reveal appalling corruption Read More

Report: Ukraine now counts 7.5 million broadband Internet subscribers

The number of broadband subscribers in Ukraine exceeded 7.49 million in the first quarter of 2014, up 0.7% compared to Q4 2013, according to Russian consultancy iKS-Consulting. Broadband ISP revenue in the country exceeded 1.472 billion hryvnias in the first quarter of 2014. At the same time, according to the consultancy, the dynamics of broadband …

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Russia still dominates Ukraine’s money transfer market

Russian money-transfer service Zolotaya Korona (Golden Crown) has displaced Western Union as the most-popular option for sending money to Ukraine, according to Elena Makhaeva, who heads the department tasked with overseeing money-transfer services for the National Bank of Ukraine (NBU). Zolotaya Korona and Western Union together own more than half of the Ukrainian money-transfer market, …

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Almost a third of Ukrainian users access the Internet via mobile devices

According to Yandex.Metrika, the share of unique visitors in Ukraine who access websites from smartphones or tablets grew by 11 points to 29% between August 2013 and April 2014. However, so far mobile Internet users are less active than those who use computers for Internet access, so the share of tablets and smartphones accounts for …

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Technologically heeled companies are more optimistic about the future

Despite the difficult economic and political situation in the country, 23% of SMB companies in Ukraine project financial growth within the year. 64% of these optimistic market players make use of information technologies, in particular cloud-computing, according to an Ipsos MORI survey ordered by Microsoft. According to the survey, 85% of small and 66% of …

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Jabil Circuit Ukraine to invest $1.5 million in electronics production in Transcarpathia

Having already invested $88 million since it established a base in Uzhgorod, Ukraine in 2004, the US-based manufacturing giant Jabil Circuit announced yesterday that they intend to spend a further $1.5 million for the purpose of boosting manufacturing-capacity for high-tech, complex products. The company says that this latest investment will be directed towards boosting output …

Jabil Circuit Ukraine to invest $1.5 million in electronics production in Transcarpathia Read More

Three Ukrainian companies rated “rising stars” in global ranking of IT outsourcing companies

In its annual ranking of the world’s best outsourcing service providers, the International Association of Outsourcing (IAOP) has included three Ukrainian companies among the “Top 5 Rising Stars:” Intetics, Miratech and Softengi made the list, occupying the 3rd, 4th, and 5th spots, respectively. EPAM and Luxoft – two companies with Russian origins and large development …

Three Ukrainian companies rated “rising stars” in global ranking of IT outsourcing companies Read More

Sergiy Tigipko: Ukrainian IT market could increase to $10 billion a year with state support

State support in Ukraine would boost the market for IT services to $10 billion a year, said Ukrainian lawmaker and presidential candidate Sergiy Tigipko. “Today Ukraine is manufacturing $1.5 billion worth of IT products for export annually and that market is growing by 30%. Therefore, if we create incentives, in the next two or three …

Sergiy Tigipko: Ukrainian IT market could increase to $10 billion a year with state support Read More

Russia seeks to develop startup industry in Crimea

The Internet Initiatives Development Fund (IIDF, or FRII in Russian), a government-backed fund supporting startup development, will open a remote regional accelerator in Sevastopol, Crimea, as soon as this summer, the Russian business daily Kommersant reported last week. The fund is expecting to support five to seven projects, which will be evaluated on the local and national levels. Funding …

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Coppertino raises $500,000 from AVentures, TA Venture and Torben Majgaard

Coppertino, a Los Angeles-based startup with Ukrainian origins, announced today that it has raised half a million dollars at an undisclosed valuation from leading Ukrainian investment firms AVentures and TA Venture as well as from Torben Majgaard, the Danish founder of Ukrainian IT-outsourcing company Ciklum. Founded in 2011 by Petro Bondarevskyi and Ivan Ablamskyi, Coppertino has maintained its R&D …

Coppertino raises $500,000 from AVentures, TA Venture and Torben Majgaard Read More

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