FVRR - Six tech stocks with direct exposure to Ukraine
Ukraine, and in particular Kiev, has become a major center for software development in recent years. Although Ukraine's population of 43 million is smaller than the population of the U.S., the U.K and Germany, it has about 200,000 software developers. Software companies have hired developers in the Ukraine due to the global shortage of software engineers, the quality of Ukrainian developers, and the fact that developer salaries are lower in the Ukraine than in the United States. A number of publicly traded technology companies therefore have direct exposure to disruption in the Ukraine. With Russia's attack, developers in Kiev and other cities have tried to leave the country, or have stopped working. The stocks with the highest exposure to Ukraine are probably Israeli technology companies. Ukraine has been a particularly attractive location for Israeli technology companies, for three reasons. First, its time zone is close to Israel's.
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Six tech stocks with direct exposure to Ukraine