“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…