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“Any business is a challenging one right now in Ukraine.” -Serhii, a farmer in western Ukraine 

When Russia began its full-scale invasion of Ukraine in February 2022, Ukraine’s economy shrank by about one-third—the largest annual fall in more than 30 years of Ukrainian independence. 18 months after the war began, Ukraine’s economy ministry reported that their gross domestic product grew by 2.2% year-on-year in the first seven months of 2023. 

This is welcome news, but the stark reality remains: It’s challenging to do business in a country at war.   Continue Reading…

a generator outside a store

Originally posted on Peter Greer’s blog.

For 476 days, we’ve heard about the dire realities of war in Ukraine: Thriving cities abandoned. Loved ones missing. Lives and livelihoods plundered.

In June, farmers HOPE previously served in the Kherson region woke up to the reality of losing yet another harvest. With fields under water from enemy attacks on the Kakhovka Hydroelectric Power Plant, their crops and profits have been wiped out.

While traveling to Ukraine to visit our HOPE colleagues recently, these scenes were at the forefront of my mind. The horror and destruction of war I’d read about was real. But as I spent more time with staff and entrepreneurs there, one thing became clear: Even as bombs weakened infrastructure and devastated neighborhoods, they most certainly did not crush the Ukrainian spirit.

Continue Reading…

We are now in the third month of the war in Ukraine, with heavy fighting continuing in the east and south of Ukraine where Russia has occupied several cities where HOPE Ukraine operates. Missile strikes continue in Kyiv and other areas across the country.

The United Nations is reporting that more than 5.6 million Ukrainians have now fled the country as a result of the war. And 7.7 million people are displaced internally—most fleeing the violence in the eastern and southern regions. Continue Reading…