"This is a historic moment for Ukraine. For the first time in WEF's 47-year history, Ukraine is represented in Davos in the format of a week-long venue," Alexa Chopivsky, executive director of Ukraine House Davos, said at the opening ceremony. "Ukraine has tremendous capability in the tech and innovation sectors and we are thrilled to showcase this talent to the global WEF audience," as reported by Emerging Europe.

"Following our successful Ukrainian Davos Nights events in 2017, which attracted more than 400 participants, we are delighted to launch Ukraine House in 2018. It will be a platform for networking, investment deals and technology partnerships. In organizing Ukraine House, the UVCA jointly with partners will position Ukraine as a new tech and investment global partner," said Andriy Kolodyuk, chairman the Ukrainian Venture Capital and Private Equity Association (UVCA) and a WEF Young Global Leader.

"Showing the best of our country at Ukraine House Davos and engaging in a dialogue with the international community is an important step forward," said Victor Pinchuk, the founder of the Victor Pinchuk Foundation and EastOne.

"The main goal is to open Ukraine for global leaders as the world's new trusted technological partner," said Lenna Koszarny, founding partner and CEO of Horizon Capital. "Over the next three days the eyes of the global business community will be on Davos, and we want to use this opportunity to promote Ukraine's fast-growing IT and innovation sector," she added.

Read alsoUkraine House to open in Davos during WEF - media"Ukrainian IT engineers possess unparalleled intellectual curiosity, differentiating them from their peers globally," Michael Boustridge, CEO of Ciklum, tells Emerging Europe. "Ciklum has been harnessing Ukrainian talent for creating best tech solutions for hundreds of international companies since 2002 and today is acting as a solid digital transformation partner," he adds.

As UNIAN reported earlier, Ukrainian President Petro Poroshenko will meet Managing Director of the International Monetary Fund Christine Lagarde on the sidelines of the World Economic Forum in Davos to discuss reforms in Ukraine necessary to secure the next credit tranche within the Extended Fund Facility program.

The meeting between Ukrainian President Petro Poroshenko and U.S. President Donald Trump is also expected to be held, according to media reports.