About Ukraine
Source: EIA: Ukraine Country Analysis brief

The Ukrainian economy grew by roughly 5% in 2002 to $39.8 billion, marking the country's third consecutive year of economic growth following an eight-year post-Soviet recession. Economic growth has been fueled primarily by growing industrial and agricultural output- exported both eastwards to Russia and westwards to Europe. This unique geographic position, linking East and West while also holding critical warm water ports on the Black Sea, has made Ukraine a trade link of growing importance between the former Soviet Union and Europe.

The volume of Ukrainian IT-services exports in 2003 is estimated to be $70M. It has growth by 40% in comparison with 2002.

The country has been engaged in a partnership agreement with the European Union (EU) since 1998, and the two sides are currently considering a draft action plan which Ukraine hopes will pave the way for eventual integration with the EU. Meanwhile, in September 2003, Ukraine joined Russia, Belarus and Kazakhstan in creating a "single economic area" designed to coordinate the countries' trade regulations and reduce tariffs.

Bill Gates about Ukraine

About Sevastopol

about IT Market at Ukraine