Kharkiv, also known by its Russian name Kharkov, is the second-largest city in Ukraine. Located in the north-east of the country, it is the largest city of the historic Slobozhanshchyna region. Kharkiv is the administrative centre of Kharkiv Oblast and of the surrounding Kharkiv Raion. It hosts the administration of Kharkiv urban hromada, one of the hromadas of Ukraine. Kharkiv is a major cultural, scientific, educational, transport and industrial centre of Ukraine, with numerous museums, theatres and libraries, including the Annunciation and Dormition Cathedrals, the Derzhprom building in Freedom Square, and the National University of Kharkiv.
Industry plays a significant role in Kharkiv's economy, specialised primarily in machinery and electronics. There are hundreds of industrial facilities throughout the city, including the Morozov Design Bureau and the Malyshev Tank Factory (leaders in world tank production from the 1930s to the 1980s); Khartron (aerospace, nuclear power plants and automation electronics); Turboatom (turbines for hydro-, thermal- and nuclear-power plants); and Antonov (the multipurpose aircraft manufacturing plant). The International Economic Forum: Innovations. Investments. Kharkiv Innitiatives! is held in Kharkiv every year.
In 2015, the International Economic Forum: Innovations. Investments. Kharkiv Innitiatives! was attended by the diplomatic corps representatives from 17 world countries, working in Ukraine together with top-management of trans-national corporations and investment funds; plus Ukrainian People's Deputies; plus Ukrainian Central government officials, who determine the national economic development strategy; plus local government managers, who perform practical steps in implementing that strategy; plus managers of technical assistance to Ukraine; plus business and NGO's representatives; plus media people.
The key topics of the plenary sessions and panel discussions of the International Economic Forum: Innovations. Investments. Kharkiv Innitiatives! are the implementation of Strategy for Sustainable Development "Ukraine – 2020", the results achieved and plan of further actions to reform the local government and territorial organisation of power in Ukraine, export promotion and attraction of investments in Ukraine, new opportunities for public-private partnerships, practical steps to create "electronic government", issues of energy conservation and development of oil and gas industry in the Kharkiv Region, creating an effective system of production and processing of agricultural products, investment projects that will receive funding from the State Fund for Regional Development, development of international integration, preparation for privatisation of state enterprises.
The international industrial exhibitions are usually conducted at the Radmir Expohall exhibition centre in Kharkiv.
During the Soviet era, Kharkiv was the capital of industrial production in Ukraine and the third largest centre of industry and commerce in the USSR. In the early 2000s, the industry started to adapt to market economy needs. Now there are more than 380 industrial enterprises concentrated in the city, which have a total number of 150,000 employees. The enterprises form machine-building, electro-technology, instrument-making, and energy conglomerates.
State-owned industrial giants, such as Turboatom and Elektrotyazhmash occupy 17% of the heavy power equipment construction (e.g., turbines) market world-wide. Multipurpose aircraft are produced by the Antonov aircraft manufacturing plant. The Malyshev factory produces not only armoured fighting vehicles, but also harvesters. Khartron is the leading designer of space and commercial control systems in Ukraine and the former CIS.
As of April 2018, there were 25,000 specialists in IT industry of the Kharkiv region, 76% of them were related to computer programming. Thus, Kharkiv accounts for 14% of all IT specialists in Ukraine and makes the second largest IT location in the country, right after the capital Kyiv.
Also, the number of active IT companies in the region to be 445, five of them employing more than 601 people. Besides, there are 22 large companies with the workers' number ranging from 201 to 600. More than half of IT-companies located in the Kharkiv region fall into "extra small" category with less than 20 persons engaged. The list is compiled with 43 medium (81-200 employers) and 105 small companies (21-80).
Due to the comparably narrow market for IT services in Ukraine, the majority of Kharkiv companies are export-oriented with more than 95% of total sales generated overseas in 2017. Overall, the estimated revenue of Kharkiv IT companies will more than double from $800 million in 2018 to $1.85 billion by 2025. The major markets are North America (65%) and Europe (25%).
Kharkiv is also the headquarters of one of the largest Ukrainian banks, UkrSibbank, which has been part of the BNP Paribas group since December 2005.
There are many large modern shopping malls in Kharkiv. There are a large number of markets: Barabashovo market is the largest market in Ukraine and one of the largest markets in Europe. Other markets include, Blagoveshinskiy market., Konniy "horse" market, Sumskoi market, and Raiskiy book market.
Kharkov is rated E+ by the Global Urban Competitiveness Report (GUCR) which evaluates and ranks world cities in the context of economic competitiveness. E+ cities are strong regional gateway cities. Kharkov has a population of over 1,451,132 people. Kharkov also forms part of the wider Kharkiv metropolitan area which has a population of over 1,640,000 people.