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The Outsourcing Industry Contributed 4.8% to Bulgaria’s GDP. More than 67 000 Bulgarian Employees Work in the Outsourcing Field

The Outsourcing Industry Contributed 4.8% to Bulgaria’s GDP. More than 67 000 Bulgarian Employees Work in the Outsourcing Field

In 2017, outsourcing contributed 4.8% to Bulgaria’s GDP, or EUR 2.1 bln. This is identified by the data in the Annual Report of the Bulgarian Outsourcing Association (BOA) for the development of the outsourcing industry in the country. The industry is growing substantially faster than the national economy in 2017. Last year, outsourcing contributed 4.8% [...]
Ukraine’s Largest Telecom Carrier Helps Police Find Missing Children

Ukraine’s Largest Telecom Carrier Helps Police Find Missing Children

Officially, every day at least 10 kids go missing in Ukraine. Longing to bring every one of them back to their parents, Ukraine’s largest mobile operator Kyivstar has been helping police search for those missing children with the help of its telecom resources. Called Kid Search, the service provided by the carrier uses a technology [...]
EU and EBRD Back 6 Ukrainian-Founded Clean Energy Projects

EU and EBRD Back 6 Ukrainian-Founded Clean Energy Projects

Just four months after five Ukrainian green startups received Climate Innovation Vouchers (CIVs), another six eco-friendly startups founded by Ukrainians have been awarded the CIVs. The vouchers were offered earlier this month by the EBRD and Greencubator, a local non profit which promotes green entrepreneurship in Ukraine. The amounts have not been disclosed, but the [...]
PwC and Kharkiv IT Cluster Forecast for Local IT Industry to Double in Size by 2025

PwC and Kharkiv IT Cluster Forecast for Local IT Industry to Double in Size by 2025

PwC and Kharkiv IT Cluster conducted a Kharkiv IT Industry research to assess the performance of Kharkiv IT. The results show that Kharkiv is the second largest IT hub in Ukraine with 25,000 IT professionals currently working in the city. This number, as well as the total size of the local market, may double and [...]
IT Service Provider Intellias Inks Major Investment Deal with Horizon Capital

IT Service Provider Intellias Inks Major Investment Deal with Horizon Capital

Last week Intellias, a major Ukrainian IT service provider, announced that Kyiv (Kiev) based Horizon Capital acquired a minority stake in the company. The amount of the funding has not been disclosed, but Ukrainian tech blog AIN.UA believes it could be anything between $5 million and $20 million.Founded in Lviv (Lvov), in 2002, Intellias has [...]
Open Source Software Startup with Ukrainian Roots Raises $100 million in California, Becomes Unicorn

Open Source Software Startup with Ukrainian Roots Raises $100 million in California, Becomes Unicorn

Last week GitLab, a San Francisco-based open-source software startup founded by Ukrainian entrepreneur Dmitry Zaporozhets, announced the completion of a $100 million Series D round.Led by Iconiq Capital with participation from existing investors GV and Khosla Ventures, the round brought the valuation to “over $1 billion,” and “validated [GitLab’s] position as the world’s first single [...]
Perfectial Grants a Scholarship for APPS.CS Student

Perfectial Grants a Scholarship for APPS.CS Student

Perfectial, a full cycle software development company continues its support of education programs. For the third year in a row, the company grants a scholarship for the Applied Sciences Faculty at Ukrainian Catholic University. Perfectial covers a full tuition cost to one of the students of the Bachelor’s Program in Computer Sciences. “We are devoted [...]