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Kyivstar and Ukraine's Ministry of Economy sign MoU to build AI-ready data center and boost digital growth.

Market News
26 Jun 2026
GlobeNewsWire
View Source
Bullish
pluang ai news

Kyivstar, part of VEON Ltd., signed a Memorandum of Understanding with Ukraine's Ministry of Economy to develop a sovereign AI-ready data center in Ukraine. This initiative aims to enhance Ukraine's digital infrastructure, support secure data processing within the country, and attract investment to strengthen economic resilience and technological independence. The project will help critical sectors like public administration and defense by keeping sensitive data local, reducing latency for AI applications, and fostering innovation. Kyivstar plans to fund this within its existing capital expenditure, marking a significant step in Ukraine's digital economy development.

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Kyivstar and Ukraine's Ministry sign MOU to build sovereign AI data center boosting digital economy.

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