ITU International Newsletter 02.07-07.07.2024

Hello! Despite all the cruelty of russian attacks, we stand, having done so for years now. Last week, Ukraine received an orderly transfer of funds as it has met the reforms criteria. Mintsyfra continues innovating and expanding services in Diia , and the Association celebrates several of significant milestones — with more, as always, to come. We are strong and we will win — work with Ukraine and see for yourself — in the IT field, in particular!

Spotlight: ITU Newsline

ITU Holds Semi-Annual Meeting, Welcomes New Members

On Thursday, the IT Ukraine Association held a semi-annual gathering of its member and partner companies’ representatives, governmental figures and Member and Partner companies, the Board of Representatives, the current and former leadership of the Association, funders, partners, and policy makers. This summer, we’re celebrating our 20th anniversary with, as of now, 189 IT companies comprising the Association – 32 were awarded and welcomed in during these past 6 months.?

Since the New Year, ITU has had several major updates: a ‘Digital Tiger: the Power of Ukrainian IT — 2023’ global-minded industry research, ?-Support portal launched. We supported the 2030 WINWIN Innovation Strategy of Ukraine alongside our analysis on 1,950+ governmental initiatives, having launched a ?-Support free-of-charge legal services for our Members. With June ended our ‘IT for UNI: Bootcamp 2.0’ educational project for heads of HigherEd institutions, supercharging the academic processes amid the digital age.?

ITU partook and co-organised over 30 international events, exhibitions, and trade missions. We held the biggest and first industry-oriented communications conference, having brought together 450+ marketing, brand management, SMM & PR specialists with countless panels, case studies and, at each event and trip, rich networking. Now, our focus is on speed launching the ITU Ambassadors and furthering the reach of ITU Committees in AgriTech, CyberTech, FinTech, and EdTech.

Follow us on Facebook, LinkedIn and X (formerly Twitter) to see all our updates.?

ORGANISER–IТ Ukraine Association.?We thank the event partners: BANK PARTNER – UKRSIBBANK BNP Paribas Group.?PARTNERS: Mercedes-Benz Ukraine, Favbet Tech, Parkovy Convention&Exhibition Centre.?WATER PARTNER – Truskavetska. COCKTAIL PARTNER – Jack Daniel's.        

Ukraine—a Digital State

Papers and Permission Slips, Licences and File Processing — All Done Digitally Now

Why leave home for submitting documents, obtaining, restoring, suspending or cancelling licences, tracking progress in processing documents, when one could do so from home? The feature, first announced back in 2021, has been made live. Not just the basic documents — entrepreneurs will be able to conveniently submit documents, pay for administrative services or file complaints in a few clicks through the Diia portal. See the full (quite extensive) list of services available on the Ministry of Economy’s site.

The system will automatically check the documents, and, provided everything passes through fine, it will automatically issue a permit or licence in a span of just a few minutes. If there are any inconsistencies, the application will be transferred to a representative of the state body, with the answer to be given in 10 days or less.

Furthermore

Ukraine Exports in Continued Rebound

Physical exports volume grew in the first half of the year by 35%, compared to the same period last year. Processed goods overcame the raw materials in the export increase with physical exports overall bringing in $19.5 billion in January-June.?

In the previous editions, we mentioned Ukraine’s economy growing in wartime record numbers, lately exceeding pre-war thresholds as well.

IMF Criteria Met, Funds Received

In May, we wrote that the International Monetary Fund ’s Executive Board approved the Fourth Review of the EFF Arrangement, thereby confirming Ukraine’s meeting and exceeding the reform programme demands. Now, Ukraine is set to receive a direct $2.2 billion budgetary tranche. Now, the joint Memorandum of Economic and Financial Policies provisions the Fifth Review covering the financial sector, monetary and exchange rate policy, governance, anti-corruption, and the energy sector.

Read the full and comprehensive IMF statement with the positive outlook on the resilient economy of Ukraine. Funds received — Cabinet of Ministers of Ukraine. Image—UkraNews.