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The EBRD identified the state and problems of Ukrainian business.

Ukraine’s business community has outlined its priorities for 2024, the lion's share of which is related to European integration.

The NBU: Profitable Ukrainian companies do not use bank loans.

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 in its research. As of April 2024, 85% of enterprises were fully operational, and 14% were partially operational (versus 57% and 37%, respectively, in the first year of the war).

In addition, the share of SMEs that reported a decrease in profitability decreased by almost 50%. One in five companies (19%) reported year-over-year revenue growth. 34% of enterprises mentioned the reduction of personnel, against 55% in the first year of the war.

If the war continues for another year or longer, 64% of SMEs plan to maintain their current activity level. In comparison, the share of enterprises planning to diversify or expand their business has tripled (12%).

Among the negative trends caused by the war, SMEs have had a slow recovery in sales, a lack of personnel due to mobilization and migration, limited investment, and increased business competition with public organizations financed by donors.

 

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