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 most affected; there revenue fell by almost 70%. The south of the country was affected to a lesser extent, where an average drop of 60% is recorded, while in the western regions, this indicator is approximately 40%.
Regarding income, the east of Ukraine experienced the greatest destruction, where approximately 47% of enterprises were damaged, to a lesser extent in the southern regions, where the figure is 29%. Metallurgy was most affected by the war, which lost more than 60% of its capitalization.
The WB also pointed out a few other problems Ukrainian businesses suffered from. In addition to the actual consequences of the war, there were problems with energy supply, logistics, a drop in demand, a lack of workers, and with finances.
The bank predicts a slight recovery for the Ukrainian economy after a more than 30% decline in 2022.