Avenga announced the deal on Nov. 25. The company didn’t disclose how much it paid, however, Forbes Ukraine reported that Ukrainian investors estimated the purchase at nearly $20 million.
This is Avenga’s second acquisition in Ukraine. Close to 700 of Avenga’s 3,000 tech specialists work in Ukraine.
Perfectial employs nearly 500 people. It generated $1.1 million in revenue last year and posted a $70,000 profit.
Ukraine has a growing tech industry with over 200,000 highly-skilled tech specialists who earn half as much as their counterparts in Germany or the U.S.
Daryna Antoniuk is a tech reporter at the Kyiv Independent. She worked in the same role at the Kyiv Post and has focused on Ukrainian startups, investment and the fintech market. Antoniuk previously was a tech reporter for Forbes Ukraine. Her work has also been published at Sifted and The Record. She graduated from Taras Shevchenko National University in Kyiv with BA in journalism and communications.
The Moscow Oil Refinery temporarily halted its processing operations following a large-scale Ukrainian drone attack on May 17, Reuters reported, citing industry sources.
Ukrainian drones reportedly struck both a Russian oil refinery and a chemical production facility overnight on May 20, Russian Telegram media channels reported — marking the second reported hit on each site within a week.
Russia launched attacks on several Ukrainian regions overnight on May 20, striking multi-story residential buildings and other civilian targets, while injuring at least 11 people, officials reported.
"I'm not going to make pre-commitments in a negotiation on any particular topic," Vance said, though he maintained the proposal was "not currently" part of the plan.
The first license permits imports of diesel and jet fuel made from Russian oil if "the products have been processed in a third country," while the other allows the maritime transport of Russian LNG.
*Russia hits Ukraine's Chernihiv, Sumy oblasts in morning attacks, killing 5*Ukraine says it struck major Russian oil refinery, pumping station*China secretly trained Russian soldiers who later fought in Ukraine, Reuters reports*Russia launches large-scale nuclear forces drills after Belarus exercises *Russian military hospitals overwhelmed by wounded soldiers from war in Ukraine, media reportsT
The Czech Interior Ministry proposed a set of legal changes that could restrict the temporary protection benefits that have been in place for Ukrainian refugees since Russia launched its full-scale invasion in February 2022.
MEPs in Brussels agreed on May 19 to slash the EU’s tariff-free steel imports to 18.3 million metric tons per year — a 47% reduction from what is currently allowed — starting in July 2026.
Russian military hospitals are struggling to cope with the number of soldiers wounded in the war against Ukraine, forcing authorities to repurpose civilian hospitals, maternity wards, and other medical facilities for military use.
Renat Suleimanov, a State Duma deputy from the Communist Party (KPRF), said in an interview with Russian outlet Kontinent Sibir that Russia needs the "swiftest possible end" to what Moscow calls its "special military operation," the Kremlin's term for the full-scale invasion of Ukraine.
Ukraine's economy improved in April, driven partly by the defense industry, softening what had been expected to be a sharper slowdown in early 2026 after the country's toughest winter of the full-scale invasion, the prime minister said.
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