Ukrainian IT sector was mentioned several times at the reputable press this week

Several world-known online magazines like Forbes and BBC published this week their special reports about the Ukrainian IT industry.

Forbes has published Could Ukraine Be The Next Silicon Valley?. Greg Satell says that since Silicon Valley emerged as the center of the technology world in the seventies and eighties, others have tried to followed its lead, most have failed, but a few have succeeded brilliantly.

“It’s also important to remember that Ukraine is largest and one of the best educated countries in Europe, with an excellent base of talent and technology infrastructure. So while it may seem unlikely for Ukraine to become the next tech mecca, I wouldn’t bet against it.”, Satell says.

Ukrainian tech industry is worth about $5 billion. The outsourcing is the most developed and employs roughly 50,000 engineers across 500 firms

The next was BBC with its “Tech sector leading Ukraine’s pro-European revival” by business reporter Padraig Belton. He says that Ukraine’s tech sector is flourishing, and Ukraine is a “sleeping IT tiger”.

At Daily Mail Online came with the same question “Will the next Silicon Valley be in UKRAINE?“. According to it Ukraine has more than 4,100 firms that outsource skills to other countries, and its IT industry is growing by a quarter each year. Technology startups are making waves across the US and Europe.

Ukraine exports $2 billion in software service each year

The conclusion is that Ukraine’s IT sector, including tech start-ups and outsourcing industry, is booming and worth to be one of the world-known places to start IT business.