The volume of computer services in January-September 2022 increased by 13% and amounted to almost $5.5 billion, the IT Ukraine Association (ITU) reported, citing data from the National Bank of Ukraine.
“According to the results of nine months of this year, the national IT industry maintains a positive growth trend and remains the only export industry that consistently generates foreign exchange earnings in the Ukrainian economy during the war. Ukrainian companies continue to work continuously and complete projects, pay taxes on time, attract investments and new customers , to actively enter the global market,” the message on the association’s website emphasizes.
According to the NBU, in the first nine months of 2022, the volume of computer services increased by 13%, to almost $5.5 billion. At the same time, the amount of taxes and fees paid by the IT industry for this period amounted to UAH 48 billion.
The Association emphasized that the Ukrainian IT business is doing everything possible to ensure maximum readiness for any scenario of events in Ukraine due to the full-scale war unleashed by the Russian Federation.
“Companies are constantly adapting their infrastructure to wartime realities: key systems are brought into the cloud, the network of Internet providers is diversified, including through the Starlink global satellite system, office premises are equipped with generators to provide backup power supply,” the ITU explained.
According to the association, up to 15% of IT specialists are also involved in the Cybertroops, and 3% of IT specialists defend the country with weapons in their hands. The remaining 82% work further in companies that support the economic front of the state, actively donate and volunteer. According to ITU estimates, the total amount of donations from the Ukrainian technology sector has already exceeded $500 million.
At the same time, the report indicates that, compared with previous years, the growth rate of the industry has slowed down and does not correspond to pre-war forecasts for 2022. In order to preserve and further develop the industry in the country, it is important to resolve at the state level a number of issues important for the industry related to personnel in the context of martial law.
“In addition to the objective reasons for this trend related to the war, it is critically important to resolve the issue of booking IT specialists, allow them to temporarily travel abroad to support business activities and work with clients, maintain Ukrainian tax residency of companies and specialists,” the executive director of the association emphasized. Konstantin Vasyuk.
According to him, state support in resolving these issues is of key importance.
