Great news has just arrived from A.T. Kearney! A leading global management consulting firm has just shared results of their 2016 Global Services Location survey and reported Ukraine ranking #24 and moving up 17 positions compared to the last year's Index.
According to A.T. Kearney, "[Ukraine's] currency depreciation led to a major gain in its compensation cost score, accompanied by improvement in the competitiveness of its tax and regulatory costs. The increase in political risk is partly offset by the government’s implementation of reforms that boosted the country’s competitiveness. The Ukrainian IT industry comprises more than 500 outsourcing companies and 100 global R&D centers, and it employs more than 50,000 engineers."
As such, Ukraine scores 3.03 for financial attractiveness, 1.14 for People skills and availability and 1.12 for business environment. In this year's Global Services Location Index, Ukraine is ahead of the United Kingdom, Czech Republic, Hungary, France and other Western European countries and makes it to Top 25 Global Services Locations.
By the way, 2 Ukrainian Teams are likely to win the NASA Space Apps Challenge 2016 which results will be announced by the end of this week.
To read more about Ukraine's IT industry, check out our Intersog blog.