Advocates of the new economy, enthusiastically peppering their Ukrainian with English tech-speak like “co-working hub,” believe they will eventually transform Ukraine into Europe’s leading country for IT innovation.
“Three years ago, Kiev was all banking and finance,” says Roman Motychak. He is an adviser to investment firm ICU, which is based in the capital city’s Leonardo Business Centre, opposite the landmark National Opera Theatre. “Now you only see T-shirts and sneakers in the lift,” says Mr Motychak. “IT has changed the social dynamic of downtown Kiev.”
According to a commercial property market analysis by agents Cushman & Wakefield, IT companies accounted for more than half of all office transactions (including expansions and relocations) in Kiev in the first half of 2017. That did not include many start-ups taking space in co-working hubs and some boutique IT firms renting smaller suites.
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