Ukrainian Enterprises Show Remarkable Recovery to Pre-war Levels

by Roman Cheplyk
Monday, February 26, 2024
Ukrainian Enterprises Show Remarkable Recovery to Pre-war Levels

During his address at the “Made in Ukraine” forum, Prime Minister Denys Shmyhal shared that the Ukrainian economy is on a robust path to recovery following the devastating impacts of Russia’s full-scale invasion

Contrary to dire predictions of economic collapse, over 90% of Ukrainian businesses have successfully resumed operations, now functioning at or near their pre-war capacities. Shmyhal highlighted that the construction, agriculture, domestic trade, and processing sectors are leading the recovery efforts. Looking ahead, the government anticipates an additional GDP growth of 0.14% this year, which translates to an increase of 4 billion hryvnias in budget revenues. This announcement was made in the context of President Volodymyr Zelenskyy's introduction of the "Made in Ukraine" platform, designed to facilitate dialogue between the government and Ukrainian entrepreneurs. Prime Minister Shmyhal had previously outlined the industries expected to drive the post-war economy.

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