Ukraine has launched an electronic residency program to make it easier for foreigners to start a business. Diia has launched the uResidency electronic residency program, which allows foreigners to register and conduct business in Ukraine remotely, Minister of Digital Transformation Mykhailo Fedorov said. &... #businessinukraine #DIIA #ElectronicResidents #MykhailoFedorov #uResidency
The share of businesses in Ukraine that expect growth in production and export is growing. According to the monthly survey of enterprises by the Institute of Economic Research, 38.2% of respondents expect an increase in production (against 35.7% in July) in the next three to four months. Ex... #BusinessExpectation #businessinukraine #BusinessProblem #UkraineEconomicForecast #UkraineEconomy
Ukraine’s top 1,000 largest companies earned almost ₴7.2T last year. The 1,000 largest Ukrainian enterprises generated nearly ₴7.2T in net income in 2023, 19.4% more than a year earlier. These companies sold 54% of Ukraine’s total production volume (52% in 2022).... #businessinukraine #doingbusinessinukraine
During the war, foreigners have opened more than 3,000 companies in Ukraine. Since the beginning of the full-scale war, foreigners from 101 countries have opened 3,075 companies in Ukraine. Most often, citizens of Turkey opened businesses in Ukraine – 396 companies or 12.9% of... #businessinukraine #ForeignInvestor #investments #TENS1MA #YugenVenture
Closure of individual enterprises in Ukraine increased by 54% and companies by 15%, but the registration of new businesses is also growing. According to analysts, almost 92,000 individual entrepreneurs (FOP) ceased their activities in Ukraine in the first half of the year, which is 54% more than in the same period last year. The most sign... #businessinukraine #FOPukraine #UkraineBusinessActivity #UkraineEconomy #UkrainianEnterprises
€8B has been allocated to develop local businesses. The head of the parliamentary committee on regional development, Olena Shulyak, said that every community will find advantages for itself in each component of the Ukraine Facility program, under which... #businessinukraine #investments #OlenaShulyak #SupportBusiness #UkraineFacility
The EBRD identified the state and problems of Ukrainian business. After two years of full-scale war, most Ukrainian small and medium-sized enterprises (SMEs) managed to stabilize their activities, indicating their high adaptability to war conditions, the EBRD notes ... #businessinukraine #BusinessProblem #ebrd #EmployeeDeficit #investments #UkraineBusinessActivity
Business expectations in Ukraine worsened for the second month in a row. In June, businesses again negatively evaluated the results of their activity. According to the NBU, index of expectations of business activity decreased to 43.6 from 48 in May. Rising costs due to ele... #BusinessActivityExpectations #businessinukraine #nbu #UkraineEconomicActivity #UkraineEconomy
Earnings from Ukrainian enterprises reached a 10-year record of $19.8B. The cumulative financial result of Ukrainian enterprises for 2023 amounted to more than ₴863.8B (about $19.8B). This is the best indicator in the last 10 years, said Danylo Hetmantsev, Head of the par... #businessinukraine #DanyloHetmantsev #UkraineCompaniesProfit #UkrainianEnterprises
Where do companies with foreign investment work in Ukraine? The Unified State Register of Legal and Individual Entrepreneurs contains information on 2,903 companies with foreign capital registered in Kyiv and 800 in the Lviv region. Many companies with foreign... #businessinukraine #ForeignInvestor #InvestmentsinUkraine #UkraineEconomy #UkrainianMarket
A third of Ukrainian industrial enterprises predict en increase in the selling prices of products, and 25% have increased production. Every third industrial enterprise expects to raise the selling prices of their goods in the next three months. At the same time, the dynamics of the corresponding expectations decreased compared to th... #businessinukraine #UkraineBusinessActivity #UkraineBusinessExpectation #UkraineEconomy #UkrainianEnterprises
After two consecutive months of positive sentiment, in May Ukrainian businesses worsened their performance estimates. According to the National Bank, the index of expectations for business activity fell to 48 from 52.3 points in April. The mood of Ukrainian enterprises was affected by the increased intensity of hosti... #BusinessExpectation #businessinukraine #nbu #UkraineBusinessActivity #UkraineEconomy #UkraineLaborMarket
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 wholesa... #agroUkraine #businessinukraine #LegalCompanies #UkraineBusinessActivity #Ukrainianfarmers
Over 2600 foreign businesses have opened in Ukraine since the start of the full scale war. Most often, citizens of Turkey, Uzbekistan, Poland, and the US have incorporated new businesses, Opendatabot notes. However, citizens from 100 countries have invested money in Ukraine during the war. ... #businessinukraine #ForeignInvestor #InvestmentsinUkraine #TENS1MA #UkraineEconomy #YugenVenture
The government calls on businesses to prepare investment projects to receive funding from the EU. Economy Minister Yuliya Svyrydenko called on Ukrainian businesses to prepare investment projects to use the Ukraine Investment Framework investment attraction tool. At the second International Summit ... #businessinukraine #BusinessSupport #InvestmentsinUkraine #KfW #UkraineFacility #YuliyaSvyridenko
Effects from the war on small and medium-sized businesses in Ukraine have largely been overcome. Despite the war’s devastating impact, micro, small, and medium-sized enterprises have shown exceptional resilience, and after a brief shock from the Russian invasion, businesses have adapted to the ne... #BusinessExpectation #businessinukraine #UkraineBusinessActivity #UkrainianEnterprises #WarLosses
The construction business in Ukraine has the most optimistic expectations. According to a NBU survey, builders’ expectations are primarily related to the significant budget funding announced by the state for the restoration of infrastructure. Also, builders are counting on i... #BusinessExpectation #businessinukraine #ConstructionUkraine #nbu #UkraineBusinessActivity #UkraineEconomy
A US regional fund is offering Ukrainian entrepreneurs a $15,000 grant to scale up their processing businesses, and the EBRD will provide mentoring support to innovative startups. The Ministry of Economy and American Western NIS Enterprise Fund (WNISEF), whose portfolio is managed by investment company Horizon Capital, have agreed on a grant program for women engaged in busines... #BusinessInnovation #businessinukraine #ebrd #GrantsForBusiness #HorizonCapital #StarVenture #SupportBusiness #WNISEF
What is the biggest obstacle to business in Ukraine? For several months in a row, the lack of personnel has remained a significant problem for Ukrainian businesses. In March, 50% of enterprises reported a shortage of employees, according to the Institut... #businessinukraine #ElectricityDeficitUkraine #EmployeeDeficit #UkraineBusinessActivity #UkraineEconomy #UkraineLaborMarket
Lacking personnel, big businesses in Ukraine cannot restore and increase their production. Some segments of the Metinvest group cannot currently reach even 50-60% of their pre-war production, said the group’s top manager, Tetyana Petruk. According to her, this is a common problem for ... #businessinukraine #EmployeeDeficit #LaborMarket #Metinvest #MobilizationUkraine
Which Ukrainian retailers have stopped working during the war? During the two years plus of the full-scale war, several companies have not been able to adapt to the new realities of commerce in wartime, and they had to significantly reduce or stop their activitie... #Businessbankruptcy #businessinukraine #Justin #Ringoo #Rocket #UkraineRetailers
For the first time in two years, more than 60% of Ukrainian companies have long-term plans. This is the highest indicator since October 2022, according to a survey by the Institute of Economic Research (IER). At the same time, the share of those who plan to reduce their activities in the nex... #BusinessExpectation #businessinukraine #UkraineEconomicActivity #UkrainianEnterprises
Which type of business in Ukraine files for bankruptcy most often? In the first quarter of 2024, 192 businesses received court decisions regarding bankruptcy proceedings. The largest number among them are legal entities working in trade and providing transport repair... #Businessbankruptcy #businessinukraine #retailUkraine #UkraineEconomy #UkrainianEnterprises
NBU: After five months of declining sentiment, Ukrainian businesses have improved their expectations. According to the NBU Business Activity Expectations Index, the increase in sea and rail transportation, the preservation of a stable situation on the foreign exchange market, low inflationary expectat... #BusinessActivityExpectations #businessinukraine #nbu #UkraineBusinessActivity #UkraineBusinessExpectation #UkraineEconomy
How have Ukrainian businesses migrated during the war? Since the beginning of the full-scale war, Ukrainian companies have changed their place of registration 18,944 times. It is noted that companies in wholesale trade move most often – 39.4% of the... #BusinessduringWar #businessinukraine #BusinessRelocation #UkrainianEnterprises
Most Ukrainian businesses are considering entry into foreign markets. About 69% of entrepreneurs support this trend, according to analysis from Gradus Research. At the same time, 55% of respondents believe that because of these Ukrainian specialists will start implement... #businessinukraine #ForeignMarketsForUkraine #UkraineForeignTrade
Almost all Ukrainian businesses resort to tax optimization schemes. 70% of Ukrainian companies are not satisfied with the current tax system, and up to 90% of enterprises resort to optimization schemes, shows a survey by the InfoSapiens agency. In total, 56% of respon... #10-10-10TaxModel #businessinukraine #TaxesToTheBudget #TaxesUkraine
Ukraine’s processing enterprises can receive USAID grants of up to $150,000. Small and medium-sized processing enterprises will receive development grants from $75,000 up to $150,000, says the Ministry of Economy’s press service. “Small and medium-sized processing ... #businessinukraine #GrantsForBusiness #UkraineEconomy #USAID
Since the beginning of the full-scale invasion, only 3% of companies have stopped working. Only 3% of companies have closed since the beginning of the full-scale invasion of Ukraine by the Russian Federation, with 97% maintaining operations, said Regional Director of the World Bank for Eas... #ArupBanerjee #BusinessduringWar #businessinukraine #EBA
Half of the companies in Ukraine have resumed regular working hours. In May 2023, another 38% of businesses resumed work partially, according to a study by Gradus Research. Only 7% of the interviewed business representatives suspended their enterprises’ operations. Abo... #BusinessduringWar #businessinukraine
Business in Ukraine equates excessive state control with war risks. According to a survey of entrepreneurs, about 53.3% of Ukrainian small and medium-sized enterprises cite excessive control and the creation of obstacles by the state as one of their main obstacles. Ho... #BusinessExpectation #businessinukraine #UkraineBusinessExpectation
According to the EBA, 94% of small and medium-sized entrepreneurs in Ukraine have suffered losses from the war. It is also noted that the number of entrepreneurs estimating business losses of up to $10,000 has decreased from 33% in October to the current 24%. Losses in the $10,000-$50,000 range are already repo... #BusinessduringWar #businessinukraine #BusinessLosses #UkrainianEnterprises
The biggest obstacle for Ukrainian businesses during the war is rising prices. Difficulties with transportation, a decrease in demand for goods, and a lack of labor are joined by the cost of raw materials, according to the results of an April study by the IER. Although it is not... #BusinessActivityExpectations #BusinessduringWar #businessinukraine #ObstacleForBusiness
The number of retail establishments in Ukraine that have resumed work is approaching 100%. At the end of April 2023, the Ukraine Association of Retailers reported that only 3% of retail establishments in Ukraine will remain closed among those that have stopped their work since the beginning... #BusinessduringWar #businessinukraine #UkraineRetailers
For the first time in 1.5 years, Ukrainian business has improved its assessment of its prospects. For the first time since October 2021, the Business Activity Expectations Index rose to 51.5 points in April from 49.5 in March and crossed the neutral level (50 points), according to a study by the N... #BusinessActivityExpectations #businessinukraine #nbu #UkraineEconomy
Several Ukrainian businesses will participate in the Impact Business acceleration program. The Impact Business in-depth acceleration program aimed at the development of Ukrainian entrepreneurship, concentrated in the sectors of Ukraine’s economy most affected by the war, was launched in Ukr... #businessinukraine #ImpactBusiness #UkraineEconomy
Ukrainians believe that taxes and customs hinder business development in their country. Half of Ukrainians, 50.7%, believe that most entrepreneurs are law-abiding, so the tax and customs authorities should catch violators and not prevent honest entrepreneurs from working. This data was p... #businessinukraine #businesstaxes
The number of Ukrainian women entrepreneurs is growing. This year, Ukrainian women have opened 18,776 small businesses, which is 51% of all registered FOPs (sole proprietors) since the beginning of the year, says Opendatabot. In total, women opened 93,000 ... #businessinukraine #WomenEntrepreneurs
Only 57% of small and medium-sized businesses have resumed their pre-war performance. According to an EBRD study, the remainder of these companies have either reduced the scope of their activities (37%) or suspended them (6%). The war has had a significantly negative impact on these en... #BusinessduringWar #businessinukraine
Seven Ukrainian shopping centers are preparing to open in 2023. The commercial real estate market did not cease development during the war, and the opening of seven shopping centers has been announced in 2023, said the director of the UTG, Evgenia Loktionova. Acco... #businessinukraine #CommercialRealEstate #ShoppingCentersUkraine
Businesses sees instability, financial problems, and a lack of solvent customers as the main obstacles to recovery in wartime conditions. According to the Condition and needs of business in wartime study, among the main development problems 50.5% of surveyed businessmen named the lack of a sufficient number of paying customers. In addit... #BusinessduringWar #businessinukraine #UkraineBusinessActivity
Ukrainian businesses predict layoffs and rising prices. Despite adapting to current conditions, Ukrainian businesses have worsened their expectations regarding economic activity. The index of expectations of business activity in January 2023 decreased to 3... #businessinukraine #UkraineBusinessActivity #UkraineLaborMarket
The war damaged 83% of companies’ business in Ukraine. About 83% of EBA members experienced a drop in business performance last year. Compared to October 2022, the number of companies whose operations have been affected by missile attacks has almost doubl... #BusinessduringWar #businessinukraine #BusinessLosses
New business registration in Ukraine decrease by 25%. During October-November, slightly more than 33,000 FOP (sole proprietorships) and almost 55,000 legal entities were registered in Ukraine, according to YouControl Market research. Indicators fell by 2... #businessinukraine #ITbusinessInUkraine #YouControlMarket
The Ukrainian Diia.Business platform wins the European Enterprise Promotion Awards. Ukraine won the 2022 European Enterprise Promotion Awards (EEPA) international competition for the first time. The project from the Ministry of Digitization was recognized in the “Support of bus... #businessinukraine #DiiaBusiness #ValeriaIonan
The Zelenskyy office has announced mass privatization of abandoned enterprises. By the end of this year, many abandoned enterprises, workshops, and premises will be identified for privatization in Ukraine. As the deputy head of the Office of President, Rostislav Shurma, explained... #businessinukraine #massprivatizationinUkraine #UkrainianEnterprises
Half of businesses predict growth in 2023. According to a survey by the EBA, 47% of the top managers from European Business Association companies predict positive dynamics for their business development in 2023. Last year, 83% of managers made... #BusinessDevelopment #BusinessExpectation #businessinukraine
The financial stability of businesses has slightly improved. The number of companies that claim that their monetary reserves are sufficient for a period of more than a year has increased from 19% to 30% since May, the EBA reported. Currently, 30% of companies c... #businessinukraine #UkraineBusinessDuringWar
The index of business expectations of enterprises fell by more than 35 points. The index of business expectations of enterprises in the second quarter of 2022 decreased by 35.6% and is 72.6% against 108.2% in the first quarter. These figures are contained in the results of a sur... #BusinessduringWar #BusinessExpectation #businessinukraine
Card terminals usage shows that the Ukrainian economy is gradually returning to work. The number of non-cash payment terminals owned by PrivatBank increased by 42% in two weeks, with small businesses resuming card payments more actively, reported epravda.com. Thus, with the beginning ... #businessinukraine #CreditCardUsage #PrivatBank
