For every new individual enterprise in Ukraine, there are currently 1.5 closures. According to the Opendatabot analytical portal, 81,928 individual entrepreneurs have opened in Ukraine since the beginning of the year, which is 9% less than during the same period last year. Meanwhil... #DanyloHetmantsev #IndividualEnterprise #UkraineEconomy #ukrainianbusiness #UkrainianEnterprises
Last year, financial and industrial groups in Ukraine earned almost ₴6T. 23,300 companies that are part of Ukrainian financial and industrial groups (FIG) and submitted financial statements for 2023 collectively earned ₴5.8T, according to a YouControl study. As of October,... #ATBmarket #novaposhta #okko #UkraineCompaniesProfit #UkraineEconomy #UkrainianEnterprises
The business community has softened its negative expectations; the construction sector feels the most confident. The Business Activity Expectation Index (BAEI) increased to 44.4 in July from 43.6 in June but is still below this year’s high of 52.3, recorded in April. Adaptability to energy supply problems,... #BusinessActivityExpectations #UkraineBusinessActivity #UkraineEconomy #ukrainianbusiness #UkrainianEnterprises
Ukraine attracted $55.8B in direct foreign investment in the first quarter. As reported by the Ministry of Economy with reference to the National Bank of Ukraine, the volume of direct foreign investments in the economy of Ukraine (residuals) (equity instruments and debt instr... #ForeignInvestor #investments #InvestmentsinUkraine #nbu #UkraineEconomy #UkrainianEnterprises
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
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
Ukrainian small and medium-sized businesses strive to develop abroad to maintain efficiency. Faced with an increasing number of macroeconomic challenges, small and medium-sized businesses (SMEs) in Ukraine are resorting to using artificial intelligence technologies, supplier diversification, ... #BusinessDevelopment #ForeignMarketsForUkraine #UkraineBusinessActivity #ukrainianbusiness #UkrainianEnterprises
Government experts advise Ukraine to build economic clusters and underground factories protected by air defense to accelerate its economic development. Experts from the Advisory Council on Economic Policy believe that Ukraine should build economic clusters protected by air defense systems and, closer to Russia, hide factories underground. They see th... #UkraineDevelopment #UkraineEconomy #ukrainianbusiness #UkrainianEnterprises
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
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
Exporters have adapted better to war conditions than businesses operating in Ukraine’s domestic market. Businesses engaged in exports have demonstrated better adaptability to the current situation in Ukraine compared to businesses that do not have sales abroad, although there are certain differences amo... #BusinessExpectation #UkraineBusinessActivity #UkraineExport #UkrainianEnterprises
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
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
A relocated enterprise that produces construction materials has built a new factory in the Ivano-Frankivsk region. As reported by the Kalush city council, the Aquaizol company relocated to Kalush from Kharkiv in the first weeks following the Russian Federation’s full-scale invasion into Ukraine. 70 wagons of produ... #Aquaizol #BusinessRelocation #ConstructionMaterialsUkraine #UkrainianEnterprises
Energy leads the ranking of the best businesses in Ukraine by turnover. The Opendatabot has published a new rating based on its index, which includes Ukrainian enterprises with the highest turnover and impeccable business reputations. The energy sector was recognized as t... #energyukraine #oschadbank #PrivatBank #PUMB #UkrainianBanks #UkrainianEnterprises #бізнесвУкраїні
The government has named five key sectors of Ukraine as future EU members. Prime Minister of Ukraine Denys Shmyhal singles out five sectors – defense, energy, agriculture, raw materials, and digital – in which Ukraine hopes to declare itself a future member of th... #agroUkraine #AssociationwithEU #DenysShmyhal #energyukraine #UkraineEconomy #UkrainianEnterprises
Business activity expectations have improved, and companies are looking for new employees. According to the NBU, the index of business activity expectations rose to 47.5 from 41 in January. Trade enterprises are the only ones among the surveyed sectors to assess their business activity posi... #BusinessExpectation #nbu #UkraineBusinessActivity #UkraineEconomy #UkrainianEnterprises
More than 80% of businesses have resumed work after the shutdown in 2022. In 2023, almost 91% of small and medium-sized enterprises, forced to suspend their activities in 2022 due to military operations, resumed their work. By the end of the year, a little more than 82% of ... #BusinessduringWar #UkraineEconomy #UkrainianEnterprises #бізнесвУкраїні
What changes are most expected by entrepreneurs to improve the business climate? Among the surveyed Ukrainian enterprises, 20.7% believe that to improve the business climate in Ukraine, it is necessary to lift the blockade of the western borders. The business community considers t... #UkraineBusinessActivity #UkraineBusinessExpectation #UkrainianEnterprises #бізнесвУкраїні
The World Bank has summarized Ukrainian business losses for the almost two years of war. According to the WB, 20% of Ukrainian companies face direct destruction, while 70% have lost income. It is noted that the average income decreased by 50% compared to 2021. The eastern regions were the... #BusinessLosses #UkraineDamages #UkrainianEnterprises #worldbank #бізнесвУкраїні
Due to Russian aggression, almost 8,000 businesses have moved to other regions of Ukraine. Since the beginning of the full-scale war, 7,820 Ukrainian companies have changed their region of registration. It is reported that 27% of the total remaining enterprises are from Kyiv, with the Dnipr... #BusinessRelocation #UkrainianEnterprises #бізнесвУкраїні
Which enterprises have become the Ukrainian wholesale trade market’s leaders during the war? Almost half of the 10 most successful Ukrainian wholesalers are businesses that trade solid, liquid, and gaseous fuels alongside similar products, reported Opendatabot. In particular, Okko, WOG, West ... #Kernel #nibulon #okko #retailUkraine #UkraineEconomy #UkrainianEnterprises
Which businesses in Ukraine have been most affected by the blockade of the Polish border? The European Business Association noted: “Among the EBA members, different businesses had a negative impact from the strike on their operations. These are retailers and heavy industry enterprise... #BorderBlockade #EBA #UkraineTrade #ukrainianbusiness #UkrainianEnterprises
Ukraine is adapting trade protection legislation to comply with EU regulations, which will strengthen protection for its producers. The Cabinet of Ministers approved the drafts of three laws that adapt Ukrainian legislation in the field of trade protection to EU regulations. The first draft law, On Protective Measures, proposes a ... #ReformsinUkraine #UkraineImport #UkraineTrade #UkrainianEnterprises
A Ukrainian pet food manufacturer invested almost ₴20M in a new enterprise. Suziria Brands, which is part of the Ukrainian Suziria Group and specializes in the production of pet products, launched a new pet treat production facility under the Half & Half brand. It is note... #HalfAndHalf #PetFood #SuziriaGroup #UkrainianEnterprises
The number of Ukrainian enterprises operating at full capacity has increased, but business optimism is not growing. Ukrainian businesses’ optimism is relatively high, but in recent months it has stopped growing, according to the monthly study from the Institute of Economic Research. There is optimism in the busines... #UkraineBusinessActivity #UkrainianEnterprises #бізнесвУкраїні
The war is killing Ukrainian agricultural enterprises. Last year, the number of working enterprises in agriculture, forestry, and fishing decreased from 51,800 to 35,600 (-31.4%). This is the largest decrease since 2012, significantly exceeding similar ec... #agroUkraine #FarmersUkraine #UkrainianEnterprises
Germany allocates €5.6M in grants to support Ukrainian processing enterprises. The funding takes place within the framework of the grant project, Access to Financing and Maintenance of Sustainability of MSMEs in Ukraine – Phase II. According to the first phase’s results, €... #GermanySupportsUkraine #GrantsForBusiness #ProcessingPlantUkraine #UkrainianEnterprises
Over 800 companies had to move to other regions of the country because of the war. Since the beginning of the war, 840 enterprises have moved to safer regions in Ukraine under the relocation program, of which 667 are already working in their new location. The largest part of these b... #BusinessRelocation #UkrainianEnterprises #бізнесвУкраїні
In September, the recovery in Ukraine’s production slowed down. According to the Institute of Economic Research, the share of enterprises operating at almost full (75%-99%) and total capacity (100% and more) has been gradually decreasing for three months in a row ... #BusinessActivityExpectations #UkraineEconomicActivity #UkrainianEnterprises #бізнесвУкраїні
Ukraine is investing ₴5B in an industrial park and creating 3,600 jobs. Sygnivka will become the first municipal industrial park of Lviv and one of the city’s most powerful industrial projects, the Ministry of Economy reported. According to the concept, enterprises from t... #IndustrialParkUkraine #InvestmentsinUkraine #LvivIndustrialpark #UkrainianEnterprises
Despite the war, the economy is growing in three regions of Ukraine. As reported by the Center for Economic Recovery (CER), the eastern regions suffered the most from the Russian invasion (gross product dropped by 30-40%), and the central and western regions suffered l... #BusinessRelocation #UkraineEconomy #UkrainianEnterprises
Funds raised from privatization have reached a five-year record. Over nine months, the State Property Fund attracted ₴2.7B to the state budget from privatization. This is the highest figure since 2018. So, in the previous five years, on average, privatization broug... #PrivatizationUkraine #StatePropertyFund #UkrainianEnterprises
The EU and Germany have prepared three grant packages for Ukrainian businesses. The European Union and the German government announced three waves of grants for micro, small, and medium-sized businesses through the EU4Business program on a joint initiative. In particular, the Big... #EU4Business #Grants #GrantsForBusiness #SupportBusiness #UkrainianEnterprises
The Ukrainian government continues to dominate as the largest owner of enterprises. As of January 1, 2023, the Ukrainian state owns 3,256 companies, according to the updated Unified Register of State-Owned Objects. At the same time, according to the same register, as of January 1, 20... #StateOwnedObjects #StateProperty #UkrainianEnterprises
In the west of Ukraine, the construction of five new food processing plants is being completed. Five new factories will be constructed on the territory of a former brick factory in Rivne; these will package cereals, make teas, spices, pasta, and gluten-free sweets. Local authorities report that ... #ConstructioninUkraine #FoodFactoryUkraine #PlantsConstruction #UkrainianEnterprises
Gostomel plant resumes its operations after over a year of downtime. The plant belongs to the Vetropack group of companies and produces glass containers. The Swiss producer reported that on May 25, the first glass-making furnace was heated, brought up to operating temp... #BusinessduringWar #GlassContainersPlant #GostomelPlant #UkrainianEnterprises #Vetropack
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
Last year, the 1,000 largest Ukrainian companies earned UAH 6 trillion. According to YouControl, most top enterprises are companies that were registered 15-30 years ago. The mentioned 1,000 companies provide more than 50% of the total revenue of all enterprises in the cou... #UkraineCompaniesProfit #ukrainianbusiness #UkrainianEnterprises
Ukrainian small and micro enterprises have suffered the most due to the war. At the same time, medium-sized enterprises managed to continue their work and have not stopped their operations completely. In general, Ukrainian businesses lost 32% of their turnover in 2022 compared... #AndriyDligach #BusinessduringWar #UkrainianEnterprises
The Zhytomyr region has attracted 25 Polish investors. That is how many enterprises with Polish capital currently operate in the region, in which more than $2.5M has been invested, the Zhytomyr OVA reported. It is noted that these enterprises employ 10,00... #InvestmentsinUkraine #PolishInvestors #UkrainianEnterprises #Zhytomyr
Several types of businesses have prospered during the war in Ukraine. In 2022, the turnover of enterprises in the sphere of wholesale and retail trade, electricity and gas supply, coal mining, and manufacture of metal products increased the most in Ukraine, reported Ope... #BusinessduringWar #UkrainianEnterprises
About 14,000 enterprises have resumed work in the de-occupied territories. More than one million people who left since the beginning of the war returned to the de-occupied regions of Kherson, Kharkiv, Chernihiv, Sumy, and Kyiv. More than 14,000 enterprises have resumed work ... #BusinessduringWar #OleksiyKuleba #RepatriationInUkraine #UkrainianEnterprises
Last year, Ukraine’s economy suffered a decline in all industries. According to state statistics analyzed by the parliamentary committee on finance, the biggest drop was in construction, by 65.1%. Industrial production fell by 36.9%, the mining industry by 37.9%, the... #UkraineBusinessDuringWar #UkraineEconomy #UkrainianEnterprises
Russia stole at least 1150 companies from Ukraine in the occupied territories. The Russian Federation illegally took over at least 1,150 companies that were previously under Ukrainian jurisdiction in the temporarily occupied territories. About 80% of these companies previously a... #BusinessInOccupation #UkrainianEnterprises
The Diia.Business center in Warsaw will help 20 Ukrainian manufacturers enter the Polish market. According to the Ministry of Statistics, among these companies are craft coffee company Roast One, raspberry and blueberry growers, floral supply company Agrobusk, snack manufacturers Brancho, and Pri... #DiiaBusiness #UkrainianEnterprises #UkrainiangoodsinPoland
The European Commission has created two programs worth €7.5M for Ukrainian entrepreneurs. In particular, two project proposal tenders under the common name ReadyForEU with a total budget of €7.5M have been announced. The purpose of the tenders is to help businesses take advantage of the si... #GrantsForBusiness #ReadyForEU #SingleMarketEU #UkrainianEnterprises
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
