Technologically heeled companies are more optimistic about the future

Despite the difficult economic and political situation in the country, 23% of SMB companies in Ukraine project financial growth within the year. 64% of these optimistic market players make use of information technologies, in particular cloud-computing, according to an Ipsos MORI survey ordered by Microsoft. According to the survey, 85% of small and 66% of …

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Jabil Circuit Ukraine to invest $1.5 million in electronics production in Transcarpathia

Having already invested $88 million since it established a base in Uzhgorod, Ukraine in 2004, the US-based manufacturing giant Jabil Circuit announced yesterday that they intend to spend a further $1.5 million for the purpose of boosting manufacturing-capacity for high-tech, complex products. The company says that this latest investment will be directed towards boosting output …

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Three Ukrainian companies rated “rising stars” in global ranking of IT outsourcing companies

In its annual ranking of the world’s best outsourcing service providers, the International Association of Outsourcing (IAOP) has included three Ukrainian companies among the “Top 5 Rising Stars:” Intetics, Miratech and Softengi made the list, occupying the 3rd, 4th, and 5th spots, respectively. EPAM and Luxoft – two companies with Russian origins and large development …

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Sergiy Tigipko: Ukrainian IT market could increase to $10 billion a year with state support

State support in Ukraine would boost the market for IT services to $10 billion a year, said Ukrainian lawmaker and presidential candidate Sergiy Tigipko. “Today Ukraine is manufacturing $1.5 billion worth of IT products for export annually and that market is growing by 30%. Therefore, if we create incentives, in the next two or three …

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Russia seeks to develop startup industry in Crimea

The Internet Initiatives Development Fund (IIDF, or FRII in Russian), a government-backed fund supporting startup development, will open a remote regional accelerator in Sevastopol, Crimea, as soon as this summer, the Russian business daily Kommersant reported last week. The fund is expecting to support five to seven projects, which will be evaluated on the local and national levels. Funding …

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“IT outsourcing for democracy” – Ukraine launches promotion campaign in the US

The Ukrainian Embassy to the United States will begin a campaign to support IT outsourcing to the country during its crisis with Russia. The slogan of the campaign, set to begin with an event at Ukrainian embassy in Washington, D.C. on April 29, is “Increase Profits. Support Democracy. Cloudsource to Ukraine.” IT outsourcing has become …

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Coppertino raises $500,000 from AVentures, TA Venture and Torben Majgaard

Coppertino, a Los Angeles-based startup with Ukrainian origins, announced today that it has raised half a million dollars at an undisclosed valuation from leading Ukrainian investment firms AVentures and TA Venture as well as from Torben Majgaard, the Danish founder of Ukrainian IT-outsourcing company Ciklum. Founded in 2011 by Petro Bondarevskyi and Ivan Ablamskyi, Coppertino has maintained its R&D …

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Russian and Ukrainian VCs team up to invest in US software startup

As Russia and Ukraine were escalating to a new level of mutual threats and recriminations earlier this week, venture funds offered a welcome illustration that nationalism has not completely spoiled relations between the two countries. A leading Kiev-based fund, AVentures Capital, has teamed up with two Russian funds, Almaz Capital and ABRT, to inject $3.25 …

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Ukraine’s TA Venture and Russia’s ABRT team up to invest in UK startup Zesty

Zesty, a London-based service for booking medical appointments online, announced today that it has obtained $2 million in funding at an undisclosed valuation from Ukrainian VC TA Venture and Russian VC ABRT Fund. The company – which was backed at the seed stage by Luxembourg-based VC Mangrove Capital Partners, – says that it will use the new …

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Is Crimea part of Russia? – Answers found on Facebook, Vkontakte, Yandex differ; Wikipedia changes its mind

Three weeks after Russia asserted that Crimea and the city of Sebastopol have become part of its territory, Facebook and Russian-language social network Vkontakte still categorize the inhabitants of these regions as being located in Ukraine. Meanwhile, two other major social networks, Odnoklassniki (Classmates) and Moi Mir (My World), have already classified them as being part …

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