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The new Ukrainian government is showing its extreme interest and support to foreign investments into the country's economy and international cooperation. While Ukraine moves towards joining the EU and WTO, the laws, including those covering the IP issues, are being revised to create better environment for the economy's development and growth. This applies to the software development as well, IT being the most rapidly developing sphere of the Ukrainian economics.
According to the report by Techinvest, the volume of export of Ukrainian IT services and products rose by US$ 40 million or 57% to US$ 110 million in 2004. The export of the IT sector of the Ukrainian economy is the most dynamically developing. At the same time, the total number of IT specialists operating on the market reached 15,000 toward the end of 2004. This was an increase of 50%, compared with 2003.
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