Emerging Europe: Ukraine’s remarkable tech sector continues to deliver

Speed of reaction, agility, and nimbleness have been key to the astonishing resilience of Ukraine’s IT sector, which in the first quarter of 2022 posted export numbers higher than 2021, despite Russia’s invasion of the country.

Ukraine’s export-oriented IT industry provided a record two billion US dollars of revenue for the first quarter of 2022, according to the National Bank of Ukraine (NBU).

The figure is 28 per cent higher than for the same period of 2021 (1.44 billion US dollars), despite the Russian invasion of the country, martial law, mobilisation, and the forced relocation of businesses and teams.

Growth of the sector was particularly strong in February, reaching its highest ever level of exports – 839 million US dollars, 43 per cent higher than February 2021 (480 million US dollars).

In truth, IT specialists can work from anywhere by connecting to the internet. Project data are stored or backed up far from hot spots in clouds. Aimprosoft’s entire IT infrastructure is cloud-based and located in Germany. And of course, the majority of our clients are from the US, Europe, and the UK, which makes us more independent from economic shocks, – Maxim Ivanov, CEO of a Kharkiv-based software developer Aimprosoft


Ukraine’s IT companies are heroes as much as our armed forces who are defending us at the front, – Mykhailo Fedorov, Ukraine’s Digital Transformation Minister

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  • Come Back Alive is one of the largest charitable foundations that supports Ukrainian soldiers, founded by the IT specialist Vitaliy Deynega. The organization collected more than 210 million UAH (more than $7M) in 2014. According to Na chasi, the Patreon page Come Back Alive is in the top ten projects by the number of financial donations.
  • Army SOS, which develops drones;
  • Everybody Can, an organization that supports internally displaced people;
  • Help on the Ministry of Defense website.