The cancellation of holidays after the outbreak of a full-scale war slightly slowed down the decline of the Ukrainian economy in 2022, but so far this factor is not important for the economy.
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According to the deputy head of the NBU, Sergei Nikolaevchuk, work on holidays concerns, first of all, the public sector. Businesses are free to determine their own operating hours, and not all companies actually adhere to government rules.
In addition, this was the factor that caused the negative effect on GDP to decrease in 2022. Therefore, it is not somehow decisive or important,” Nikolaychuk summed up in a conversation with Interfax-Ukraine.
According to him, work on holidays concerns primarily the public sector. Businesses are free to determine their own operating hours, and not all companies actually comply with government regulations.
There have been no additional days off for Easter, March 8, Christmas and New Year holidays in Ukraine due to martial law for two years now.
Source: Racurs
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