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9.1.7 TMT sector news
Ukraine IT companies increasing their income levels. The average income of Ukrainian IT companies working with international clients increased by 29% per year, reported epravda.com. The average income of IT businesses in Kyiv grew by 41%. In second place was Odessa, where their earnings increased by more than a third, by 36%. Kharkiv is catching up with 29%. With Lviv and Dnipro close behind with increases in income of 21% and 20% respectively.
Crypto ownership in Ukraine is a higher investment in this currency than in the US. As of 2021, Ukraine tops the ranking, beating the US. It is estimated that over 5.5 million people, 12.7% of Ukraine’s total population, currently own cryptocurrency (ukrinform). According to Triple-A, Ukraine sent $8.2 billion worth of cryptocurrency and received $8 billion in the period July 2019 to June 2020.
President Zelensky returned bill #3637 on virtual assets to the parliament, his press service reported on Oct. 5. The bill, approved by MPs on Sept. 8, determines and sets a regulatory framework on the issue, circulation and exchange of virtual assets in Ukraine. The bill foresees that the regulation of virtual assets should be done by three government bodies, including the National Bank, State Securities and Exchange Commission and a new, to-be-created body. Instead, Zelensky recommends that the parliament amend the bill to avoid the creation of a new regulator, which “will demand large budget expenses.” He offers that the virtual assets circulation be regulated by the securities commission.
Ukrposhta and eBay have launched a campaign in support of Ukrainian SMEs. Entrepreneurs registered on the platform by the end of the year will be offered special conditions such as 0% commission on sales for the first three
63 UKRAINE Country Report November 2021 www.intellinews.com