Data & reports

At 1.8% of net salary, Ukraine ranks 16th in Europe for broadband Internet expense

AddictiveTips.com, an online resource on apps, phone and the web, has calculated the cost of broadband Internet relative to users’ income across 37 European countries. Price data came from Cable.co.uk and salary data from Numbeo.  Ukraine ranks 16th as the average broadband expense in this country (€64.66 per year) accounts for 1.8% of Ukrainians’ net salary (€3.580 per year).  Albania features the highest …

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Investment in Ukrainian-founded startups reached record high $571 million in 2020

In 2020, the total VC and PE investment volume in Ukrainian or Ukrainian-founded tech companies reached a record high $571 million. This data is provided by AVentures Capital, a major local VC firm, in its authoritative VC report published last month. The volume of seed deals more than doubled year-on-year to $42 million. Meanwhile, the volume of …

Investment in Ukrainian-founded startups reached record high $571 million in 2020 Read More

Report: Ukraine’s IT export exceeded $5 billion in 2020

Last month the Ukrainian online tech resource TechUkraine has released its annual report on the country’s tech sectors.  “While 2020 has been a year of groundbreaking changes, the Ukrainian tech sector has demonstrated its proactivity, flexibility, continued job creation, great kicks off, and investment deals,” believe the authors of the report.  These achievements came as the country …

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2020 in Eastern Europe: Resilience in Ukraine, revolution in Belarus; battle of titans in Russia

Crunchbase and East-West Digital News — the publisher of UADN.NET — are teaming up to cover key tech and venture trends from Russia and other countries of the former Soviet Union. The latest column, by EWDN chief editor Adrien Henni, highlights the most notable industry facts and trends of the past year.  These include, in particular: The strong appeal …

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Ukraine tops global cryptocurrency adoption ranking

Ukraine is leading an international country ranking for cryptocurrency adoption, coming ahead of Russia, China, South Africa, Nigeria, Kenya, and the US. The 2020 Global Crypto Adoption Index, compiled by blockchain data analytics firm Chainalysis, offers a review of 154 countries. This crypto adoption index is made up of four metrics, calculated by “estimating total …

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The Current Wave: New breed of Ukrainian tech entrepreneurs seek success in global markets, Part 5

Report: With abundant tech talents, Kyiv startup ecosystem is the best in emerging Europe

Ukraine’s capital Kyiv has been revealed as emerging Europe’s best start-up ecosystem in a new report carried out by Startup Blink, a start-up mapping an research centre. As part of research which looked at 1,000 cities across the globe, Kyiv was named as the 32nd best ecosystem in the world, the eighth best in Europe …

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Investment in Ukrainian tech companies set new record in 2019, says industry report

In late April the Ukrainian Venture Capital and Private Equity Association (UVCA) released an overview of the Ukrainian venture market in 2019. Investments in tech startups and IT companies registered or born in Ukraine reached $510 million, up 50% from the previous year. This number may seem modest by international standards, but it set a …

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Ukrainian venture market: Invitation to international webinar

On Wednesday, April 22, the Ukrainian Venture Capital and Private Equity Association (UVCA) and Deloitte Ukraine will hold a webinar in English language to discuss VC and PE trends and prospects in the country. This initiative enjoys the support of Innovation DTEK. UVCA CEO Olga Afanasyeva and Deloitte Partner Volodymyr Yumashev will present the key …

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Report: Ukraine-born startups raised more than half a billion USD in 2019

In 2019, the VC/PE funding volume for Ukrainian and Ukrainian-founded tech startups reached $544 million (up from $323 million in 2018 and $265 million in 2017), says AVentures Capital’s latest industry report, “DealBook of Ukraine.” Annual early-stage funding for Ukraine-born tech companies The performance was mostly due to a few large rounds involving companies with Ukrainian roots having …

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21 Ukrainian firms ranked among world’s top 100 tech outsourcers

Thirteen chiefly Ukrainian and eight Ukraine-based tech companies have been included on the International Association of Outsourcing Professionals annual list of the world’s best outsourcers. The prestigious Global Outsourcing 100 review, published on Feb. 19, compiles customer references, awards, innovation programs and corporate social responsibility initiatives. This year’s ranking includes such tech firms as AMC Bridge, …

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Report: New LTE deployments in Ukraine are bringing faster speeds

As Ukraine emerged from the recession of 2016, both regulators and service providers committed to bringing high-speed internet services to more of the population and positioning the country as a seat for innovation. With recent LTE deployments from the mobile operators and fixed broadband providers building out fiber offerings, consumers in Ukraine are experiencing unprecedented …

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Building an app in Eastern Europe is 7 times more cost-effective than in the US

The average cost to develop a mobile app in Eastern Europe is $23,000 versus $171,450 in the US, according to SmartBrain, a San Francisco-based marketplace for IT contractors. The company analyzed data from more than 400 deals between Eastern European contractors and international startups and found out that developing a new app in Poland, Romania, Russia, …

Building an app in Eastern Europe is 7 times more cost-effective than in the US Read More

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