The Ukrainian outsourcing firm N-iX has just released a new study, “Ukraine – The Country That Codes,” confirming IT is a major growth engine for the Ukrainian economy. Here are some of the findings of this report: The IT industry generated $4.5 billion in revenue in 2018, taking the third place among export industries in …
Report: Ukraine’s IT industry generated $4.5 billion in revenue in 2018 Read More
“Technical training helped a new class of Ukrainian outsourcing professionals branch out into new markets,” says a new report about cross-border freelancing trends. Released in early August by international digital payment company Payoneer, the research is based on data from a sample of more than 300,000 freelancers, service providers and outsourcing professionals in the Payoneer …
Inc.com, a N.Y.-based weekly publication for small business and startups, ranked the Ukrainian Interbank Currency Exchange (UICE) number one in its just-published list of the fastest-growing European private companies. UICE’s three-year revenue growth rate was 24,845% during the period 2015-2017 with total revenue reaching €79.3 million over these three years. UICE took the top spot among …
Ukraine’s tech-friendly interbank currency exchange is Europe’s fastest-growing company Read More
It’s cheap to browse the internet in Ukraine while on the go, according to the ranking published by British consumer telecoms analyst Cable.co.uk earlier this month. Ukraine placed 4th out of 230 countries regarding the price of its mobile internet, with data tariffs being cheaper only in India, Kyrgyzstan and Kazakhstan. To compile the ranking, the telecoms analyst …
PlusOne, a Kyiv (Kiev)-based communication agency, has just published a study on Facebook use in Ukraine. According to this study, the US social network attracts some 13 million users in the country monthly, which accounts for more than a half of total Internet audience (21.4 million). Notably, Facebook’s popularity in the country seems to have …
With 13 million users, Facebook is now Ukraine’s leading social network Read More
Two industry reports were released earlier this week, bringing fresh data and analysis about the software development industry in Ukraine and three other Eastern European countries. The first report was issued by a consortium of leading local investment firms (AVentures Capital, Aventis Capital, and Capital Times) in partnership with IT service provider Intellias. It covers four countries: …
Ukrainians spent $179 million on games in 2018, according to Newzoo. Ranking 46th in the research firm’s global ranking, Ukraine is just above Romania ($176 million, 47th place) and the Czech Republic ($157 million, 49th place), but below Kazakhstan ($207 million, 44th place) and Poland ($541 million, 23rd place). Unsurprisingly, with $1.65 billion in generated sales in 2018, Russia …
Report: Ukrainians spent $176 million on games in 2018 Read More
Ukraine’s tech sector earned the country an estimated $4.5 billion from exports of tech services in 2018, according to the “Tech Ecosystem Guide to Ukraine” factbook, published on Jan. 29. That’s almost $1 billion up on the previous year’s figure, when IT brought in $3.6 million and made up 3.4 percent of Ukraine’s gross domestic product, …
Report: Ukraine exported $4.5 billion worth of tech services in 2018 Read More
Bloomberg’s latest ranking of “the world’s most innovative countries,” published this Tuesday, puts Ukraine at the 53rd place, between Tunisia and India. The Eastern European country, which was ranked 46th in last year’s ranking, is among the economies which “sank the most,” dropping out of the top 50, the Bloomberg analysts note. Doing better than Ukraine …
Ukraine hits 53rd place in Bloomberg innovation ranking, between Tunisia and India Read More
From January to November 2018, Ukrainians imported and registered more than 7,100 electric vehicles, according to the Ministry of infrastructure, as reported by Ukrainian tech blog AIN.UA. Just over 2,500 cars were registered in 2017. In total, some 11,000 electric vehicles were registered in Ukraine as of late 2018. Such cars where not subject VAT and …
Nearly 8,000 electric cars were imported and registered in Ukraine in 2018 Read More
In late December, Lviv IT Cluster released the third edition of its research about the IT industry in this major city of Western Ukraine. Completed with support from the FAMA poll agency, the research included a poll involving over 800 local IT specialists, a review of the 317 identified IT companies and eight in-depth interviews with local …
Over the past few years, Ukrainians have actively made use of crowdfunding platforms to develop their project. Ukrainian tech blog AIN.UA has identified 15 of the most successful crowdfunded projects in 2018. They raised more than $2 million in total, often overreaching their initial crowdfunding targets. These projects were: Feel VR ($500,000 raised); Ugears ($460,000 raised); …
Ukrainian entrepreneurs raised over $2 million from crowdfunding in 2018 Read More
