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Ukraine is bleeding under the blows of putin’s bombs. Right now, civilians are dying from grads and air raids in kharkov, kyiv, chernigov, and mariupol. And this is not only a terrible crime against humanity and a humanitarian crisis in the center of europe. The invasion of russian troops destroys the ukrainian economy and the entire eastern european it cluster. However, The war called into question the continued existence of ukrainian it. Which had acquired a worthy reputation and an important place in the global industry. Here are just a few numbers: every fifth company from the fortune 500 list relies on the services of ukrainian outsourcers. Among them are microsoft, google, samsung, oracle and many others; in 2021, ukrainian it grew by 36%, exported services worth $6.8 billion; exports of it services from ukraine are growing annually by an average of 27%.
Ukrainian teams have been working with western clients for years. Now the collapse of the national economy, the unpredictability of war and operational problems are dealing a terrible blow to this sector. Therefore, Ukrainian developers today have to literally save themselves and their loved ones from death. But this does not mean that ukrainian it is dead. Even in Phone Number List such terrible conditions, specialists continue to work. And entrepreneurs give their all to maintain their teams and keep their businesses afloat. History of success over the past decade, the ukrainian it sector has been a glimmer of light in the ukrainian economy. While the country was in the throes of various crises, the sector was growing steadily, creating jobs and attracting hundreds of millions of dollars in foreign investment. Even in 2020, when ukraine’s gdp shrank by 4.4%, revenue from outsourcing it services grew by more than 20%. According to forbes, ukrainian startups have attracted at least $1.68 billion in investment in 2021. More than beating the record highs of 2020, when more than $571 million was raised.
In addition, Ukrainian development teams have long become exemplary outsourcers for clients in europe and the usa. Over time, the first ukrainian “unicorns” appeared, and then “decacorns” with a capitalization of more than $10 billion (gitlab, grammarly). According ATB Directory to the it ukraine association, there are about 5 thousand it companies in the country today, and 285 thousand people are employed in the industry. Tens of thousands of ukrainian specialists work as freelancers or work remotely on the staff of american and european companies. Therefore, One of the main problems of the ukrainian it sector has been and remains russian aggression against ukraine. In 2014, the annexation of crimea and the outbreak of conflict. In donbass led to the first wave of emigration of specialists and companies from the country. But then the situation stabilized, and many quickly returned home. At the beginning of 2022. Alarming news about the gathering of russian troops to the borders of ukraine again forced businesses to take action.
