Kyiv Post wrote the article about the current position of the Ukrainian tech sector and further steps to enhance it – highlights:
- As Ukraine’s tech industry continues to grow, it is becoming more mature and progressive, experts say. Twenty years ago, the country’s IT sector consisted of just a few firms paving their way through many economic downturns without the government’s support. Now, the industry secures over $5 billion in exports and generates nearly $588 million in taxes.”
- Ukraine is still the best outsourcing destination in Eastern Europe with 11 outsourcing tech firms, including Ciklum, ELEKS, Intellias, and N-iX, all listed among the best in the world. But if more companies start selling and developing their products within the country, it will make Ukraine more innovative and competitive, experts said.
Ukraine boasts many local startups, including Grammarly, People.ai, and GitLab, valued at $1 billion, but they all are registered in the U.S. where they pay taxes.
Many big Ukraine-founded tech companies support the local market and try to improve its reputation. But, according to them, Ukraine needs more money, better laws, and less bureaucracy to thrive.
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