Business news from Ukraine

EXPORTS OF IT SERVICES FROM UKRAINE IN 2017 INCREASED BY 7%

Exports of IT services from Ukraine in 2017 increased by 7.58% compared to 2016, to $2.485 billion ($2.31 billion in 2016), the IT Committee of the European Business Association (EBA) has told Interfax-Ukraine, with reference to a study of the National Bank of Ukraine (NBU). “According to NBU preliminary data, the total volume of computer services exports for 2017 amounted to $2.485 billion, including operations for the sum less than $20,000 amounted to $842 million,” the report said.
According to the previously unveiled infographics of the IT Ukraine profile association on its website, exports of IT services in Ukraine in 2017 grew by 20% compared to 2016, to $3.6 billion.
The EBA is a non-governmental organization uniting more than 900 European, international and domestic companies operating in Ukraine. It was established in 1999 on the initiative of the European Commission, which is interested in supporting European business in Ukraine and establishing bilateral relations between Ukraine and the EU.
The IT Committee of the EBA is an industrial association of companies engaged in production of software and provision of software services.