Why supporting Ukraine’s tech ecosystem is so important

December 22, 2022

By Thomas Macaulay

War has decimated much of Ukraine’s economy, but a notable exception is the IT sector. As of November, the industry’s annual export revenues had hit a record $5.5 billion — 13% more than in the same period last year. Since Russia invaded in February, 58% of Ukrainian tech firms have processed new orders from clients. Despite brutal assaults, martial law, and general mobilization, 85% have restored their pre-war business activities. That’s according to Lviv IT Cluster, a community of companies, universities, and local authorities. “Ukraine’s tech industry is not only showing the ability to operate fully, but it’s demonstrating growth,”…

This story continues at The Next Web

Source:: The Next Web


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