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  • Mykhailo Fedorov: Diia City will ensure the growth of the IT sector by 40-50% annually
    Ministry of Digital Transformation of Ukraine, posted 26 March 2021 09:27

    IT is a global driver of the economy and recognition of the State in the world. Diia City will ensure the growth of the IT sector by 40-50% annually.

    Deputy Prime Minister - Minister of Digital Transformation Mykhailo Fedorov took part in a meeting with the Head of the Office of the President Andrii Yermak and representatives of international business associations. The parties discussed further cooperation and development plans of Ukraine.

    "You and I are the one team. We are moving in one direction, and our only goals are for our country, Ukraine, to be successful, and for us to be able to talk about our achievements and victories," said Andrii Yermak, Head of the President's Office. He also stressed that every piece of legislation should meet the interests of citizens in the first place and at the same time provide business development and create truly favourable conditions for attracting investments.

    During the meeting, Mykhailo Fedorov noted that one of the main goals of the Diia City project is to stimulate the development of the digital economy for the next 15 years.

    "Our initiatives and proposals aimed at improving working conditions for business - digitalization of processes, development of the IT industry and a special legal regime Diia City. Thanks to Diia City, we can become a real IT nation," commented Mykhailo Fedorov.

    Diia City is a special tax and legal regime. IT specialists, digital marketers, edtech specialists, e-sports specialists, designers and everyone who will work in Diia City resident companies will have the opportunity to work as freelancers, but at the same time have social guarantees.

    In particular, the Diia City project will double the number of IT employees - from 200 to 450 thousand in 4 years. It will also ensure the growth of the IT sector by 40-50% annually - today it is 20-30%. In addition, it will be possible to increase the revenues of the IT industry up to $ 16.5 billion. In 2019, this figure was $ 6 billion.

    During the meeting the participants also discussed economic, legislative issues, measures of state support for small and micro businesses in the context of increasing quarantine restrictions, willingness to continue cooperation with the International Monetary Fund, expanding the scope of non-cash payments, de-shadowing the economy and deregulation.

    The meeting was attended by Deputy Prime Minister - Minister for European and Euro-Atlantic Integration Olha Stefanishyna, Chairman of the Verkhovna Rada Committee on Anti-Corruption Policy Anastasia Radina, Deputy Head of the Office of the President for Economic Policy Yulia Svyridenko and Adviser to the Head of the Office of the President of Ukraine Tymofii Milovanov. Representatives of business associations included President of the American Chamber of Commerce in Ukraine Andy Hunder, Chairman of the Board of Directors of the American Chamber of Commerce, Founding Partner and CEO of Horizon Capital Lenna Koszarny, CEO and Founder of Dragon Capital Tomas Fiala, Founder and President of Club Ukraine Serhiy Haidaychuk and Executive Director of the Union of Ukrainian Entrepreneurs Kateryna Glazkova.