Ukraine Doubles its IT Services Exports

KIEV, Ukraine, December 24, 2010 - Ukraine's exports of computer software will reach 1 billion
USD this year, the country's Vice Prime Minister SerhiyTyhypko announced
today. Ukraine is the world's fifth biggest IT services exporter and this
figure is doubling every year, making IT the fastest growing export-oriented
sector of the country.

"The steel export totals 2.8 billion USD, the export of
agricultural products is up at 9.5 billion USD, and chemical products export
reached 3.5 billion USD. And the export of software products is worth 1
billion USD. Moreover, the inflow doubles each year," said the Vice Prime
Minister of Ukraine.

According to the "Central and Eastern Europe IT Outsourcing
Review 2010", 14,000 IT specialists graduate from Ukrainian universities each
year. As stated in the report, Romania led in the annual growth in the number
of IT specialists with 12.33%. Ukraine took the second position in the region
with the 9.5% growth. Ukraine also stood out with the highest outsourcing
market volume in Europe of estimated 700 million USD, in 2009.

Ukraine continues to hold the 4thposition in the world in the
number of IT specialists, following the USA, India and Russia. On top of
that, the experts recognize both quantitative and qualitative potential of
the Ukrainian specialists.

The world already knows the names of famous Ukrainians in the
IT sector. For instance, the co-founder of the Apple Computer, Inc. Steve
Wozniak is of Ukrainian origin, his parents being immigrants to the United
States of America from the Ukrainian region of Bukovyna. Max Rafael Levchin,
worldwide known as a co-founder of PayPal, comes from Kyiv, Ukraine. He moved
to the US as a child with his family.

The country recognizes and praises its IT specialists. In this
respect, there has recently appeared the monument to IT specialists in the
Eastern Ukrainian city of Kharkiv. The monument is placed outside of the
Kharkiv National Radioelectronics University. It depicts a young IT student
holding an opened laptop. He is deep in his thoughts, perhaps thinking of
creating a software program which could eclipse Microsoft.

For more information, please contact Maryna Khorunzha +380509151565 news at wnu-ukraine.com, Project Manager at Worldwide News Ukraine