Ukraine-EU

Polish incubator Next.Step invests $50,000 in Ukrainian startup Treasurer

Odessa-based Kaznachey (Russian for “Treasurer”) has developed a cloud-based processing platform for Internet sites and mobile applications which allows users to purchase goods and services with any legal currency (bank cards, through self-service terminals, or by credit) as well as through sellers to be paid by account or by card. The startup has obtained $50,000 …

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Ukrainian Post to speed delivery of purchases from the UK and US

Ukrainian Post, the national postal operator, intends to speed connections with the United States and United Kingdom for cross-border e-commerce shipments, the online business publication Delo.ua reported last week. The Post’s general manager Mikhail Pankiv noted increasing interest among Ukrainians towards online purchases from abroad, with shoppers primarily looking towards companies from China, the UAS and …

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Will Ukraine-Russia’s political turmoil boost the region’s outsourcing economics?

Following the downing of the Air Malaysia flight and the subsequent military interventions and conflict between pro-Russian separatists and the government in the Ukraine, concerns about the stability of Ukraine and Russia – and indeed the broader Eastern European region – have grown. Despite a cease-fire in September, some quarters are reporting the possibility of renewed conflict. The economic toll …

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EBRD considers launching tech fund of up to $60 million for Ukrainian companies

The European Bank for Reconstruction and Development plans to launch a fund with a volume of $50 million-$60 million early in 2015 to invest in Ukrainian high-tech companies, according to EBRD director for Ukraine Sevki Acuner. As reported by Interfax.ua, the volume of the fund is expected to be around $50 million-$60 million. The structure …

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UK fashion retailer Next launches localized cross-border sales to Ukraine

Next, one of the UK’s largest and most successful fashion retailers, has partially localized its global cross-border e-commerce platform (NextDirect.com) to the Ukrainian market. The site now lists prices in hryvnias and most content is available in Russian. Ukrainian language is unavailable at present. The online retailer. offers direct and free delivery to the country …

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Ukrainian startup Poptop.fm wins grant from British government and relocates to Newcastle

Poptop.fm, a Ukrainian service that allows users to hire musicians and photographers, has won a grant from the British government and relocated to Newcastle, project CEO Evgeniy Shestopal told Ukrainian tech blog AIN.UA. The startup has been invited to the Sirius Programme, which attracts entrepreneurs from all over the world who have the goal of …

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Ukrainian programmers raise $100,000 from Deutsche Telekom for energy saving solutions

Krakow-based Ecois.me, a provider of hardware and software for energy saving, has snagged $100,000 in seed investment from T-Venture, an innovation fund of Germany’s Deutsche Telekom. Run by a team of Ukrainian programmers, the startup intends to monetize energy consumption reduction. Ecois.me plans to sell specially designed sensors to customers who keep track of their household power consumption, …

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Russia’s Imperious Group injects $250,000 in Ukrainian startup Multitest to conquer Western markets

In a new illustration of the maintained interest of several Russian funds in Ukrainian startups, Imperious Group has invested $250,000 in Multitest, a Kiyv (Kiev) -based startup that helps Internet users choose their ISP. The funds will be used to redesign the platform and penetrate new markets. The startup’s founder Artem Beloded is considering, in …

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Swedish IT staffing company opens website development training center in Poltava

Beetroot, a Swedish information technology staffing company, on Sept. 19 opened an academy in Poltava to train website developers on the WordPress platform. Twelve students will undergo a three-month course after which they will be fully employable within Ukraine’s expanding IT sector, reads the company news release. Called Beetroot Academy, the frontend developer center is supported by the …

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