Farmers and lawyers have most often closed their businesses during the war.

Thursday, May 30, 2024
Farmers and lawyers have most often closed their businesses during the war.

Agricultural enterprises represent the largest number of closed businesses during the war in Ukraine, with 1,261 companies from 2022 to the first quarter of 2024 inclusive. This is followed by wholesale trade, real estate operations, and construction companies.

The share of closures by companies providing legal services in the total number of closed firms has increased by 100% during the war. In 2021, the legal sector accounted for 2.3% of all business suspensions, and the share of shuttered legal companies increased to 4.7% during full-scale war.

However, it is noted that the intensity of companies liquidating in the water supply, wood processing, and retail and wholesale trade sectors has decreased.

The rate of official liquidations of enterprises during the war compared to 2021 increased the most in the Odesa, Zaporizhzhia, and Kyiv regions. As well, a significant decrease in business closures has been observed in regions such as Kherson, Kharkiv, and Donetsk. However, this trend is related to the occupation of some regions, rather than to improving business conditions.

 

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