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erronis

(18,905 posts)
Fri Apr 4, 2025, 01:04 PM Apr 4

Ukraine's techies a 'pillar of support' for national economy after Russian invasion -- The Register

https://www.theregister.com/2025/04/04/it_industry_ukraine/

Experts in IT services held up while other sectors fell over the last 5 years, says report

Some good news. Could be better!

Ukraine's technology industry has held up during Russia's invasion, with activity falling markedly less than other industries and increasing as a proportion of national exports since 2019.

The Eastern European nation's economy suffered when Russia launched a full-scale military invasion in 2022, but after three years, the tech industry has more or less recovered while other sectors have not.

. . .

Ukrainian IT companies have raised almost $1.5 billion in venture capital over the past six years, the report added.

Kerry Hallard, CEO of the Global Sourcing Association (GSA) – which represents IT outsourcers – said members in Ukraine had not been immediately affected by the war. "It's not quite business as usual but they have got to continue; these companies have spent years building up their industry," she said at the time. ®
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