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Ukraine has one of the hottest tech scenes in Europe

Ukraine has one of the hottest tech scenes in Europe

Massive enterprise companies, promising startups, and tens of thousands of IT pros are turning Ukraine into a tech goldmine. Kiev, Ukraine hosts one of Europe’s hottest startup cultures. Although the country is on the front lines of a cyber-war between Russia and western democracies, technology now powers 3-5% of the country’s GDP, said Seedstars director ... Read More
 
H&M to open stores in Ukraine in 2018

H&M to open stores in Ukraine in 2018

Swedish clothing brand H&M will open its first store in Ukraine in 2018. The information appeared in the company’s six-month report for 2017. “New H&M store markets planned for 2018 are Uruguay and Ukraine,” the document read. H&M has been one of the most anticipated international brands in Ukraine, along with Ikea. Rumours of its ... Read More
 
Investors ready to support Dnipro river development

Investors ready to support Dnipro river development

The EBRD and EIB intend to invest up to 50 million euro in the development of the Dnipro river as transport route. The institutions announced this yesterday at the conference ‘Dnipro as European Waterway’, hosted by the Netherlands embassy in Kyiv and the Ministry of Infrastructure of Ukraine. During the conference, taking its participants to ... Read More
 
On investment in Ukraine’s agriculture

On investment in Ukraine’s agriculture

In the recent years, economic growth of Ukraine has become critically dependent on the agricultural sector’s prospects. In 2010-2016, the industrial share in the country’s GDP dropped from 31.3% to 26.3% (down 5 p.p.), while the agriculture’s contribution grew from 8.3% to 14.4% (up 6 p.p.). Over the three years (2014-2016), the export share of ... Read More
 
Ukraine extends aircraft maintenance and overhaul offer

Ukraine extends aircraft maintenance and overhaul offer

More recently, the aviation industry has indicated signs of recovery with considerable growing demand forecast over the next decade in regions such as the Asia-Pacific and Middle East. In these regions, to operate a large number of aircraft produced in Ukraine and the countries of the former Soviet Union. Now Ukraine expands aircraft maintenance and repair ... Read More
 
World Bank improves forecast for Ukraine’s economic growth in 2018

World Bank improves forecast for Ukraine’s economic growth in 2018

The World Bank has improved its forecast for the growth of Ukraine’s GDP in 2018 to 3.5% from 3%, while the forecast for 2019 has been revised upwards to 4% from 3%, according to previous the projections given in January 2017. “In Ukraine, government stabilization efforts, supported by international financial institutions and a bumper agricultural ... Read More
 
Ukraine’s tech sector is booming but needs awareness and confidence

Ukraine’s tech sector is booming but needs awareness and confidence

Despite several turbulent years, Ukraine’s economy is now showing real promise. The country recently received its latest tranche of IMF funding and is making a huge effort to stamp out corruption. With a large base of highly skilled technology professionals and a highly-developed information technology sector, Ukraine’s economy has all the ingredients required to create ... Read More
 
IKEA plans expansion to Ukraine

IKEA plans expansion to Ukraine

The Swedish furniture and home goods chain IKEA plans to expand to the Ukrainian market, the head of PrJSC Mandarin Plaza’s board Oleksandr Chernytsky said. According to him, IKEA may rent one of the country’s largest sales and amusement centers, Yuzhny, with an area of 450,000 square meters. Construction of the facility is planned to ... Read More
 
Rada passes bill in support of foreign investment in Ukraine

Rada passes bill in support of foreign investment in Ukraine

The Verkhovna Rada of Ukraine has cancelled the registration of foreign investment and simplified the procedure for issuing permission to employ foreigners, as well as the procedure for issuing temporary residence permits. Some 239 deputies voted in favor of the draft law in its second reading on Tuesday. The bill cancels registration of foreign investment, ... Read More
 
Ukraine tech companies in Toronto to talk business

Ukraine tech companies in Toronto to talk business

More than 15 ICT companies from Ukraine available for b2b meetings, looking to forge potential partnerships with Canadian companies OTTAWA, Ontario, Canada / KYIV, Ukraine – May 18, 2017–Branham Group, together with the Canada-Ukraine Trade and Investment Support (CUTIS) Project, is bringing more than 15 Ukrainian ICT companies to Toronto and setting up introductory one-on-one ... Read More