WASHINGTON, April 18, 2014 /PRNewswire-USNewswire/ -- On April 29^th, the Ukrainian Embassy to the United States will unveil a Strategic Initiative to help the country withstand economic pressure caused by recent events in Russia. The initiative, called "Increase Profits. Support Democracy. Cloudsource to Ukraine." aims to help the country compete for a share of the $288 Billion global IT outsourcing market through providing transparent cloudsourcing services. Ukrainian Ambassador Olexander Motsyk will officially unveil the program at a reception on April 29, 2014 at the Ukraine Embassy in Washington, D.C.

"I am quite sure that the IT industry in the Ukraine provides excellent opportunities to do a good business," said Pavlo Sheremeta, the Minister of Economic Development of the Ukraine. "This is one of the booming sectors in Ukraine due to strong education and the long standing culture of innovation and inventions that we have in the Ukraine."

The SupportUkraine.us service will help U.S. companies and government agencies find qualified Ukrainian IT outsourcing resources. The initiative is supported by TransparentBusiness.com, a cloud-based solution which allows companies to track outsourced work in real time and retroactively. Specific services to be offered include application, mobile, database and CMS development, as well as web design, project management and server administration, among others.

In 2013, IT outsourcing helped add more than $1.5 Billion to the Ukrainian economy.  Ukrainian universities currently produce more than 30,000 IT graduates each year. 

The April 29 reception is by invitation only. Please contact Tatiana Shalkviska, Press Officer, Embassy of Ukraine to the U.S. at (202) 349-2974 for further details. More about the initiative can be found at http://www.supportukraine.us.

SOURCE Ukranian Embassy to the United States