Economic activity has begun recovering in Ukraine.
Friday, July 15, 2022

Economic activity has begun recovering in Ukraine.

In Ukraine, economic activity is gradually recovering after a significant drop at the beginning of the full-scale invasion by the Russian Federation, said Deputy Chairman of the National Bank Serhii Nikolaychuk. As he clarified, this does not mean that the GDP is growing but that the depth of the fall is decreasing. The economy’s recovery can be seen in the following indicators: revitalization of trade networks, increased restaurant turnover, and a drop in the number of non-working businesses. In addition, exports are also gradually recovering. However, the biggest obstacle here is the blockade of Ukrainian ports. Nikolaychuk reminded observers that the state has adopted several decisions to support Ukrainian business. They allowed the import of any products and extended the settlement terms for export-import operations.

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