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
The number of businesses closed in Ukraine decreased from 32% to 17%. As of the end of April, the number of enterprises that had entirely ceased operations fell to 17% from 32% at the beginning of the full-scale war, as stated in the monthly macroeconomic and monetary r... #business #BusinessduringWar #businessinukraine
The Ukrainian government has been instructed to “return small and medium-sized businesses to work.” Volodymyr Zelensky said, “Life should appear on the streets of cities where security allows. Pharmacies, commerce, any business that can just work today. For the country to live. It depends on ... #BusinessduringWar #businessinukraine #WarinUkraine #Zelenskyy
Ukrainian business activity expectations have declined due to quarantine restrictions. The business activity expectations index (IODA) in October 2021 was 51.4 (in September – 53.1), reported the NBU. A month of hard lockdown will cost the economy 0.3% of ... #BusinessActivityExpectations #businessinukraine #UkraineBusinessActivity
The profit of medium and large Ukrainian enterprises has also risen. In the first half of the year, it amounted to UAH 462 billion, which is 76% more than last year. These funds are becoming an important source of domestic investment and wage growth, Shmyhal said. #businessinukraine #Ukrainecompaniesperformance #ukraineprofitsrising
Ukrzaliznytsia plans to increase five-fold its investments next year in wagons, locomotives and track – to almost $1 billion Ukrzaliznytsia plans to increase five-fold its investments next year in wagons, locomotives and track – to almost $1 billion, Irakli Ezugbaya, the new cargo director for the state railroad, told the C... #businessinukraine #newsukraine #tradeDeficitUkraine Ukrainenews #ukrzalyznitsainvestments #UZ #UZinvestments
International logistics companies will be able to manage UZ’s container terminals through long term concessions, International logistics companies will be able to manage UZ’s container terminals through long term concessions, Ezugbaya said in the same interview. “International logistics operators will be interes... #businessinukraine #newsukraine #tradeDeficitUkraine Ukrainenews #ukrzalyznitsainvestments #UZ #UZinvestments
German logistics company Hamburger Hafen und Logistik AG, or HHLA, has set up a Ukraine unit to send containers by rail to major cities from Odesa’s German logistics company Hamburger Hafen und Logistik AG, or HHLA, has set up a Ukraine unit to send containers by rail to major cities from Odesa’s Container Terminal. Although container traffic was ... #businessinukraine #newsukraine #tradeDeficitUkraine Ukrainenews #ukrzalyznitsainvestments #UZ #UZinvestments
Through October, Ukraine’s foreign trade was down 9% yoy, to $82.7 billion Through October, Ukraine’s foreign trade was down 9% yoy, to $82.7 billion, reported the State Customs Service. Imports were down 12%, to $43 billion. Exports were down 5%, to $39.6 billion. The trade... #businessinukraine #newsukraine #tradeDeficitUkraine Ukrainenews #ukrzalyznitsainvestments #UZ #UZinvestments
Low oil prices have cut 37% off Ukraine’s oil import bill through October Low oil prices have cut 37% off Ukraine’s oil import bill through October, compared to the first 10 months of last year, reported the State Customs Service. Ukraine paid $2.8 billion for oil imports. ... #businessinukraine #newsukraine #tradeDeficitUkraine Ukrainenews #ukrzalyznitsainvestments #UZ #UZinvestments
Food exports are down 1.7% through October yoy, to $17.6 billion Food exports are down 1.7% through October yoy, to $17.6 billion, reports the Ukrainian Club of Agrarian Business. Trends of major export commodities were: sunflower oil +21%; corn -12%; wheat +6%; so... #businessinukraine #newsukraine #tradeDeficitUkraine Ukrainenews #ukrzalyznitsainvestments #UZ #UZinvestments
Ukraine’s seaports handled 132 million tons of cargo through October, 2% more than during the first 10 months of last year, Ukraine’s seaports handled 132 million tons of cargo through October, 2% more than during the first 10 months of last year, reports the Ukrainian Sea Ports Authority. Exports were up 4%, to 101 millio... #businessinukraine #newsukraine #tradeDeficitUkraine Ukrainenews #ukrzalyznitsainvestments #UZ #UZinvestments
China was the fastest growing buyer of Ukraine’s exports China was the fastest growing buyer of Ukraine’s exports, Prime Minister Shmyhal told the Rada Friday. In October, he said that Ukraine’s exports to China were up by 88%, or by $2.6 billion. To attrac... #businessinukraine #newsukraine #tradeDeficitUkraine Ukrainenews #ukrzalyznitsainvestments #UZ #UZinvestments
Odesa region’s Pivdenniy (Yuzhny) handled 18% more cargo through October, growing at the expense of the three other big Black Sea Ports, Odesa region’s Pivdenniy (Yuzhny) handled 18% more cargo through October, growing at the expense of the three other big Black Sea Ports, according to new figures from the Sea Ports Authority. Almost 4... #businessinukraine #newsukraine #tradeDeficitUkraine Ukrainenews #ukrzalyznitsainvestments #UZ #UZinvestments
In contrast, cargo handled by Mykolaiv was down by 8%, to 25 million tons. In contrast, cargo handled by Mykolaiv was down by 8%, to 25 million tons. Odesa region’s other two big ports saw similar drops: Odesa down by 6%, to 19.4 million tons and Chornomorsk down by 8%, to 1... #businessinukraine #newsukraine #tradeDeficitUkraine Ukrainenews #ukrzalyznitsainvestments #UZ #UZinvestments
First time registrations of used imported cars were up 50% yoy in October, to 38,800 cars, First time registrations of used imported cars were up 50% yoy in October, to 38,800 cars, reports UkrAutoprom, the vehicle industry association. Registrations of new imported cars totaled 8,400 – or ... #businessinukraine #newsukraine #tradeDeficitUkraine Ukrainenews #ukrzalyznitsainvestments #UZ #UZinvestments
The Digital Transformation ministry is launching an English-language version of Diya.Biznes, its online platform for entrepreneurs doing business in Ukraine The Digital Transformation ministry is launching an English-language version of Diya.Biznes, its online platform for entrepreneurs doing business in Ukraine. Currently in test mode, the platform featu... #businessinukraine #newsukraine #tradeDeficitUkraine Ukrainenews #ukrzalyznitsainvestments #UZ #UZinvestments
Qatar Airways intends to resume flights Dec. 18 between Doha and Kyiv Boryspil Qatar Airways intends to resume flights Dec. 18 between Doha and Kyiv Boryspil. For the first two weeks, flights will be three times a week. Last spring, flights were suspended due to the coronavirus ... #businessinukraine #newsukraine #tradeDeficitUkraine Ukrainenews #ukrzalyznitsainvestments #UZ #UZinvestments
Chornobyl Exclusion Zone, a major attraction for foreign tourists, received 31,720 tourists through October, down 71% yoy Chornobyl Exclusion Zone, a major attraction for foreign tourists, received 31,720 tourists through October, down 71% yoy. Due to the fires and the coronavirus lockdown, the area around the ruined nuc... #businessinukraine #newsukraine #tradeDeficitUkraine Ukrainenews #ukrzalyznitsainvestments #UZ #UZinvestments
To draw Chornobyl tourists for longer stays, Kyiv-based tour operators plan to offer next summer kayak tours on the Pripyat River and bicycle tours on a new, 45 km trail To draw Chornobyl tourists for longer stays, Kyiv-based tour operators plan to offer next summer kayak tours on the Pripyat River and bicycle tours on a new, 45 km trail. The trail follows a loop, pas... #businessinukraine #newsukraine #tradeDeficitUkraine Ukrainenews #ukrzalyznitsainvestments #UZ #UZinvestments
Building on the internationally acclaimed “Chernobyl” HBO series, Ukraine’s Culture Minister Oleksandr Tkachenko seeks UNESCO World Heritage Site status for the Chernobyl Exclusion Zone, Building on the internationally acclaimed “Chernobyl” HBO series, Ukraine’s Culture Minister Oleksandr Tkachenko seeks UNESCO World Heritage Site status for the Chernobyl Exclusion Zone, reports the N... #businessinukraine #newsukraine #tradeDeficitUkraine Ukrainenews #ukrzalyznitsainvestments #UZ #UZinvestments
