ICT is important for the trade between Norway and Ukraine. IT services constitute approximately 70% of service exports from Ukraine to Norway according to numbers from the State Statistics Service of Ukraine. There is excess demand for ICT-specialists in Norway. According to ICT-Norway’s competence survey lack of right ICT-competence is the main barrier to growth. 38% of the companies report that they have vacant positions. The demand is only expected to increase with the digitalization of the Norwegian economy.
The Ukrainian IT-industry can help bridge this gap. Ukraine has is a popular ICT-destination internationally, in particular in the US, but also EU countries, like the UK or Denmark. The country is on Gartner’s list over top 30 ICT- and outsourcing destinations.
Many Norwegian companies have already discovered opportunities in the Ukrainian IT sector. The main reasons are access to talents and the favorable price/quality ratio. Ukraine has one of Central and Eastern Europe’s largest pool of IT-specialists.
NUCC helps Norwegian companies to find professional and reliable ICT-providers in Ukraine.
Update on ICT as of June 17th, 2022:
Despite the war, Ukrainian IT companies continue to do their job and to drive the country’s economy. More than 80% employees of IT companies remain involved in daily work tasks. This is possible in part due to a stable internet connection. During the first quarter of 2022, the IT industry provided record-high $2 billion of export income in wartime. A similar figure in 2021 was $1.44 billion. Ukraine’s National Bank reported a 20,7% growth in the export of IT services from Ukraine to Norway in the Q1 2022 measured against the same period in 2021. During the four months of the War, the IT industry has managed not only to maintain its operational activities, but also to actively support the Armed Forces of Ukraine and the Government.
The Ukrainian IT industry keeps working, attracting regular foreign earnings to the state budget, and helping to reduce the financial impact of the war.