The International Finance Corporation (IFC) is considering investing some $1.5 billion in Ukraine’s banking sector, agribusiness and infrastructure, reports Reuters, citing a senior official of the World Bank’s affiliate. The IFC has already provided nearly $400 million in support since the war broke out in February 2022, Alfonso Garcia Mora said on Friday in Kyiv as the …
Euvic Group, a major Polish group of IT service companies, is in the process of acquiring Lviv-based software development provider Exoft. This award-winning Ukraine company currently serves clients in at least 24 countries with more than 50 skilled engineers. The terms of the deal were not disclosed, but Ukrainian industry insider Vitaly Horovyj told AIN the …
Polish IT giant Euvic Group acquires Ukrainian Exoft Read More
In spite of the war, Ukraine continues asserting itself as a global software development powerhouse. Intellias, one of the country’s major IT service firms, yesterday announced a new development center in Pune, India. Founded two decades ago, the firm now has a global presence with 15 offices in Europe — from Kyiv, to Berlin, to Malaga, …
Ukraine IT firm Intellias opens development center in India Read More
The resilience of Ukraine’s IT industry amid the war last year, which struck observers, has just been confirmed by official data. While the country’s GDP fell by some 30%, IT service export reached a record $7.34 billion, up $400 million from 2021, according to central bank statistics cited by the IT Ukraine association. “Such positive industry indicators …
At $7.3 billion, Ukraine’s IT service export reached an all-time record in 2022 Read More
Miratech, an international IT service provider founded in 1989 in Ukraine — now headquartered in New York City — opened a new R&D center in Bangalore earlier this month, following another one in Toronto in August 2022. These new centers are part of Miratech’s global expansion, company representatives told AIN Capital The company already has development …
Miratech opens new R&D centers in Canada and India Read More
A new IT cluster has emerged in Western Ukraine’s Transcarpathia, a region that hosts a number of refugees from other regions of the countries that are torn or threatened by war. Some 30,000 tech professionals were based in the region as of early September, up from just 2,000 before the war, according to Zhanna Kapitsa, …
In Western Ukraine, far from the front, new IT cluster gathers 100 companies Read More
Evgeniia Toporkova left Kyiv in early March as Russian troops closed in, making her way through familiar streets disconcertingly transformed by concrete barricades, rusted anti-tank obstacles, and nervy soldiers, before cramming with panicked crowds onto a train west. After that, the 26-year-old tech worker spent two days sheltering in a student dormitory by the Hungarian border. She was glad for the sleeping bag her employer, software …
Coding in a war zone: Ukraine’s tech industry adapts to a new normal Read More
In July 2022, IT Ukraine Association teamed up with the Sayenko Kharenko law firm to conduct a research on the relocation trends among Ukrainian IT companies. Among the surveyed companies were essentially those employing from 50 to 200 IT professionals (28%) and from 200 to 1,200 (42%). While no details on the methodology are provided by the …
Since 2016, industry association Lviv IT Cluster has published an annual report on industry trends in this tech-friendly region of western Ukraine. This year, the research aims to reflect the key evolutions Ukrainian IT industry in wartime nationwide. While more than 5,000 respondents were surveyed in the Lviv, Ivano-Frankivsk, Rivne, Ternopil, Volyn, Chernivtsi and Zakarpattia regions, the …
Report: Ukrainian IT sector demonstrates resilience and growth despite Russian invasion Read More
Central bank statistics published last month have confirmed the relative resilience of the Ukrainian IT services sector in wartime. The contribution of the country’s IT companies to National Bank’s foreign currency incomes reached $3.18 billion for the first five months of this year — including March, April and May, when Ukraine was already struggling against de Russian …
Ukrainian IT service export slowed down but still grew in three first months of war Read More
Capgemini, a Paris-based global leader technology consulting services, is making available a range of positions in France to people displaced by the war in Ukraine. Jobs are available in the fields of digital, cloud, cybersecurity, data, finance and intelligent industry — from digital transformation consultants, to software engineers, to data scientists, to graphic designer. Applicants …
A month on from Russia’s full-scale invasion of Ukraine, the Ukrainian IT sector remains resilient, robust, and a crucial part of the country’s economy. A stable source of foreign exchange earnings, the sector is also helping to ensure the digital security of the Ukrainian state: five per cent of IT workers have signed up for …
A month on from Russia’s invasion, Ukraine’s remarkable IT sector thrives Read More
