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Ukraine's IT industry is rather developed with still relatively cheap workforce. And there have been a few successful startups recently: http://www.uadn.net/201
by bbv-if 9y ago
Ukraine's IT industry is rather developed with still relatively cheap workforce. And there have been a few successful startups recently: http://www.uadn.net/2017/01/09/top-10-ukrainian-startups-in-2016/ http://www.uadn.net/2017/01/09/top-10-ukrainian-startups-in-...
- drops 9y agoThe workforce is currently cheap compared to western countries because of the local currency's low value, and IT being one of the very few fields where people get paid in dollars. So as a result, what would be a low wage in the west is an extremely high wage in Ukraine (e.g. $1k a month = 25k hryvnias, which is 8 times more than country's minimum wage).
- tomh 9y agoPlus, there's starting to be a lot of promise in Ukrainian startups - Looksery had a great exit a few years ago, and now Grammarly has just attracted $100M+ https://techcrunch.com/2017/05/08/grammarly-raises-110-million-for-a-better-spell-check/ https://techcrunch.com/2017/05/08/grammarly-raises-110-milli...
- dmytrish 9y agoIt's not true that it is cheap because of the local currency low value: the IT wages were approximately the same when $1k was 8k hrn. Ukrainian IT market is mostly outsourcing and does not depend much on the internal market and local currency, outsourcing developers usually get paid in USD (or equivalent) regardless of the hryvnia value.