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UAH 200 / pp / day

Kremenchuk, 17А Heavenly Hundred (Proletarian)

1 Reviews

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About Kremenchuk

Sitting on the banks of the Dnieper River, Kremenchuk is an industrial city in the heart of the Ukraine with a population of about 223,805. It's a sprawling urban region and transport hub that includes city-satellites of Svitlovodsk and Horishni Plavni. Kremenchuk is the economic center of the Poltava Oblast and home to numerous large companies, such as the major European oil refinery operated by Ukrtatnafta and the largest truck manufacturing company, KrAZ. Small companies are involved in light industries such as tobacco, confectionery, milk and meat processing plants. Due to the city's location, it's one of the most important railway junctions in the Central Ukraine and it has a major river port. With a history dating back to about 1571 when it was "supposedly" founded, its name is derived from the fact that it sits on a giant "chert" (flint) plate. Coworking venues have opened up in its city streets to cater to those individuals who have no wish to become a "number" working for the giants in the town.

Kremenchuk may not be a startup hub per se, but the Ukraine apparently is the best-kept secret for many California-based startups that expand their engineering teams abroad due to the low wages, the vibrant social scene and over 150,000 developers for hire. The country's annual economic output from IT outsourcing grew five times from 2011 to 2015 making IT the 3rd largest export in the Ukraine behind mining and agriculture. The Ukraine does have hurdles for its own startup community to get over, such as many do not speak business-level English.

This is a country where post-Soviet capitalism is less than 30 years old and many coworking venues are flooded with tech savvy youth tied up with working for outsourcing companies, rather than for themselves.

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