American Chamber of Commerce (ACC) and uSupport project signed the Memorandum of Cooperation

American Chamber of Commerce (ACC) and uSupport project will cooperate in promotion of Ukraine’s IT-outsourcing and BPO industry. The parties agreed to cooperate on purpose of creation required conditions for sustainable development and growth of the IT industry of Ukraine, improve the investment climate in IT industry of Ukraine, deem it necessary to enter into this Memorandum of Cooperation.

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Ukraine to become the "outsourcing valley" of Europe

The Government of Ukraine launched a common project with leading Ukrainian IT outsourcers. The aim of the project is to make the country an influential force in Europe's IT sphere.

The initiators of the program intend to stop the drain of Ukrainian software developers to other countries. The project presupposes the creation of a comfortable environment for living and working for IT specialists in Ukraine, motivating them to stay in the country. In addition, there is a plan to create 100,000 new jobs in the IT sector.  

Parties agreed about the education of new IT specialists: the Minister of Economy says Ukraine needs to transfer from a resource-based economy to a knowledge-based economy.  

Within the project activities it is has been agreed to reform the tax administration for the IT outsourcing sector. The project initiators calculated that the economic impact of the implementation of this project can result in IT services exports to the USA and the EU in the rough volume equal to 10 billion USD.

Please browse the full text of the agreement.

Date: 03.04.2014 | Source