At the same time, the percentage of company closings due to bankruptcy increased during the war.
In 2023, an average of 479 enterprises per month ceased operations in Ukraine. This number is almost three times lower than in 2021, when 1,290 companies closed each month. This was reported by the open data platform Opendatabot.
The largest number of businesses closes in Kyiv: 893 companies, in second place is Lviv region, where 526 companies closed, and in third place is Dnepropetrovsk region – 479 businesses.
Public organizations closed the most – 1,068 companies. Wholesale trade enterprises are in second place – 826 enterprises. The ranking was completed by companies in the agricultural sector – 492 enterprises.
At the same time, the percentage of company closings due to bankruptcy increased during the war.
17% of companies have undergone bankruptcy proceedings. In 2021, the share of companies facing bankruptcy proceedings is 5.1%.
The most high-profile bankruptcy of the year was the closing process of the Ukrainian airline UIA, associated with Igor Kolomoisky.
However, it is not the largest enterprise that has ceased operations since the beginning of a large-scale war: the Mariupol Ilyich Metallurgical Plant, Azovstal and one of the companies in the WOG network.
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As we have already written, the Verkhovna Rada approved in the second reading a bill on the partial return of documentary tax audits.
In addition, in November the Ukrainian business again had negative expectations about the performance of their businesses in the near future. The index of business activity expectations remained below the neutral level (50 points) and reached 49.31.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.