In the former USSR countries, criminal activities with stolen credit cards have created a market of $680 million. This accounts for 27% of the total high-tech crime market, says a report released by Russian cyber security firm Group-IB, covering the period from July 2013 and June 2014. The analysts say that today “Russian-speaking hackers are still …
Amid political turmoil, Russian investors have been involved in four of the five largest investment deals on the Ukrainian startup scene since early 2014. This trend was revealed by an analysis provided by Yevgen Sysoyev of AVentures Capital, a Kyiv (Kiev) based international fund. A $3 million deal involving Gillbus, a bus-ticket software developer, took place in June. Investors included …
Russians still actively invest in Ukrainian startups; Western VCs eye the market, too Read More
Nowadays, implementation of innovations and using high technology can significantly contribute to reaching new goals of Ukraine’s national economic development. Achieving these goals will enable Ukrainians to build a new country with absolutely new formation – the country which can get back its high-quality specialists (especially in IT and R&D sector), develop relevant conditions to …
How tech innovations and partnerships can help Ukraine reach new goals Read More
Many oligarchs as well as financial and industrial groups are beginning to understand that physical assets will be hard to preserve. Considering the demographic and cultural movements in Europe and the United States, we cannot consider our world stable in the long term. Looking at the dynamic political, economic, demographic, national and religious maps of …
The current turmoil will stimulate high tech investment from large Ukrainian groups Read More
The internet troll army’s selling of the Kremlin’s parallel universe to the Russian people and to a skeptical Western audience is a matter of life and death for the Putin regime. If the Russian people do not buy their story, Putin loses the high “ratings” on which his regime rests. If he cannot convince his …
Putin’s new weapon in the Ukraine propaganda war: Internet trolls Read More
Hopes, fears and expectations are high in Ukraine following the signature of the association agreement with the European Union (EU) in late June. The science, research and innovation sectors, as well as high-tech investment and e-commerce, are no exceptions, since they are directly or indirectly impacted by important sections of the economic part of the …
Following the signature of the EU-Ukraine association agreement in late June, six figures of the Ukrainian high tech industry – EastLabs CEO Eveline Butchaskiy, Bionic Hill CEO Victor Galasyuk, Alexandr Ladyvir of Nova Poshta, UADM President Valentin Kalashnik, N-IX founder Andrew Pavliv, AVentures Capital’s Yevgen Sysoyev and TA Venture’s Viktoriya Tigipko – have shared with Ukraine Digital News their views on the …
Since Ukraine popped up on the front pages of newspapers around the globe at the beginning of this year, there have been concerns – from both overseas customers and employees here in Ukraine – about how the Maidan revolution and its aftermath will impact the IT industry. Let us try to quantify what’s happening right now in the industry with …
How Ukraine’s IT outsourcing industry has been impacted by the Maidan revolution Read More
An astounding number of American technology companies employ engineers in Ukraine, but you would never know it. Most don’t have formal offices in Kiev, preferring to hire people through intermediaries. Many companies would prefer to not publicly acknowledge these employees exist given that “outsourcing” is a dirty word in in U.S. politics. But given the …
American technology companies have a lot at stake in Ukraine Read More
It’s a year since top Ukrainian venture capitalist Yevgeny Sysoyev produced his first overview of Ukraine’s top-100 startups. A lot has changed since then, and many more people are now familiar with the complicated geography, politics and economics of his country. The Ukrainian startup ecosystem is still comparatively small, with a maximum valuation of just $2.5 billion. However, despite its …
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, …
Russia still dominates Ukraine’s money transfer market Read More
In the last few months, the United States has pledged to Ukraine outspoken support, military food rations, and $1 billion. But what Ukraine could really use during its standoff with Russia, its officials say, is help from American information technology companies. The Ukrainian Embassy in the U.S. has launched a campaign aimed at Western businesses, urging …
Ukraine wants to become the Silicon Valley of Europe Read More
