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Ukrainian tech companies are losing money because they lack tech specialists. Judging by how quickly they grow, tech firms need about 50,000 techies a year, while there are only a bit over 16,000 tech students graduating from Ukrainian universities every year.
By 2024, the situation will have improved only slightly, according to recent estimates.
Ukraine will see a 23% increase in the number of tech students graduating yearly in Ukraine in 2024, reaching 20,000 people, according to Better Regulation Delivery Office (BRDO), a European Union-funded non-governmental organization.
But the situation will start to really improve only in 2030, when there will be 38,000 graduates almost as many as the market needs to thrive, BRDO estimates.