Blog Article BACK Kyiv and Lviv Enter fDi's Top 10 Smart Locations of the Future 2019/20 Vik Bogdanov Chief Marketer Spinning marketing wheels... May 3, 2019 We’re excited to announce that two Ukrainian cities – Kyiv and Lviv – enter this year’s list of Top 10 most promising cities by cost-effectiveness. The list was put together by the greenfield investment monitor fDi Markets. The cities rank 5th and 8th respectively among the 10 most cost-effective smart locations of 2019-2020. Source: fDi, 2019 To evaluate locations’ cost-effectiveness, fDi researchers considered the following factors: Annual rent for prime Grade A office space ($ per sqm) Annual rent for prime Grade A industrial space ($ per sqm) Average salary ($) for skilled worker 4*/5* hotel in the city center ($ per night) Total tax rate (% profit) Corporation tax rate (%) Cost of establishing a business (absolute value using GNI) Cost of registering property (% of property value) Cost of establishing an electricity connection (absolute value using GNI) Click here to view a chart comparing the total cost of software developers in Ukraine versus the USA, Israel, and the UK. Ukraine As a Bright Spot on Central and Eastern Europe Software Development Scene As some of Europe’s most cost-effective smart cities, Kyiv and Lviv have already attracted many global brands to come and launch their offshore R&D and dedicated software development teams. The vast majority of Western businesses outsourcing their software development and technology solutions to Ukraine report up to 70% cost saving compared to their home countries. Read on Clutch what our clients think about working with Ukrainian programmers, software engineers, testets, and PMs. Do you need help building a dedicated/extended Team or getting ad-hoc resources for your software development project fast and cost-effectively? Submit your request!