Business news from Ukraine

UKRAINE IS STRONG PLAYER IN INNOVATION – UKRAINIAN PRIME MINISTER GROYSMAN

Ukrainian Prime Minister Volodymyr Groysman has said that today Ukraine is a very strong player in the field of innovation, and the Ukrainian IT sector shows an increase of about 20% annually. “We need to increase dynamic growth, and we need new investments for this goal. Of course, we need new technologies and not only technologies that we can borrow, but I think that many people will agree that today Ukraine is a very strong player in the field of innovation,” he said at the Kyiv International Economic Forum on Thursday. The premier added that in the innovation sector, the country is showing dynamic growth, in particular, a significant increase is shown by the IT sector – about 20% annually.
“We understand that new technologies are in conflict with the number of jobs,” Groysman added.
At the same time, he stressed that in Ukraine there are sectors where new jobs are created, and official unemployment in the country is falling.
The premier also predicted a shortage of labor in the future.
Groysman noted that there are areas in Ukraine that have the 10-12-fold potential for growth, which allows it to be quite competitive in investment.

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