Business news from Ukraine

Latvia’s Lattelecom plans to occupy 12% of the Ukrainian cloud service market in 2018, Director for Business Development Data Processing Centers Maris Sperga has told Interfax-Ukraine.
“The market growth of cloud services in 2018 is planned at the level of 12-13% – not as large as last year. We plan that this year we will grow to 12% of the Ukrainian market. This is our goal, to which we are going,” he said.
According to Sperga, the company has been active in Ukraine for five years and during this time has reached volumes of 10% of the cloud services market in Ukraine.
“Last year was very positive for us: on the Ukrainian market we grew by about 40%, taking into account the fact that the market itself grew by 27%, which means that we outstripped its growth and were able to gain an additional share in the market,” he said.
Sperga also said that according to the International Data Corporation (IDC) research company, the Ukrainian market of cloud technologies is about $16 million.
Lattelecom has been operating in the Ukrainian market since 2013.
In 2016, Ukrtelecom agreed with Lattelecom to start cooperation on providing Ukrainian companies with the possibility of renting virtual servers or the “cloud” data center of Lattelecom located on the territory of the EU in Riga.