Ukraine Doubles its IT Services Exports

Dec 24, 2010, 04:03 ET from Worldwide News Ukraine

KIEV, Ukraine, December 24, 2010 /PRNewswire/ -- Ukraine's exports of computer software will reach 1 billion USD this year, the country's Vice Prime Minister SerhiyTyhypko announced today. Ukraine is the world's fifth biggest IT services exporter and this figure is doubling every year, making IT the fastest growing export-oriented sector of the country.

"The steel export totals 2.8 billion USD, the export of agricultural products is up at 9.5 billion USD, and chemical products export reached 3.5 billion USD. And the export of software products is worth 1 billion USD. Moreover, the inflow doubles each year," said the Vice Prime Minister of Ukraine.

According to the "Central and Eastern Europe IT Outsourcing Review 2010", 14,000 IT specialists graduate from Ukrainian universities each year. As stated in the report, Romania led in the annual growth in the number of IT specialists with 12.33%. Ukraine took the second position in the region with the 9.5% growth. Ukraine also stood out with the highest outsourcing market volume in Europe of estimated 700 million USD, in 2009.

Ukraine continues to hold the 4thposition in the world in the number of IT specialists, following the USA, India and Russia. On top of that, the experts recognize both quantitative and qualitative potential of the Ukrainian specialists.

The world already knows the names of famous Ukrainians in the IT sector. For instance, the co-founder of the Apple Computer, Inc. Steve Wozniak is of Ukrainian origin, his parents being immigrants to the United States of America from the Ukrainian region of Bukovyna. Max Rafael Levchin, worldwide known as a co-founder of PayPal, comes from Kyiv, Ukraine. He moved to the US as a child with his family.

The country recognizes and praises its IT specialists. In this respect, there has recently appeared the monument to IT specialists in the Eastern Ukrainian city of Kharkiv. The monument is placed outside of the Kharkiv National Radioelectronics University. It depicts a young IT student holding an opened laptop. He is deep in his thoughts, perhaps thinking of creating a software program which could eclipse Microsoft.

SOURCE Worldwide News Ukraine