More new companies in Ukraine than closed ones during full-scale war, data shows
The number of new sole proprietors, or FOPs, registered in Ukraine in a year up to April 2023, exceeded the closed ones, data compiled by Opendatabot, a consultancy focusing on analysis of state statistics, revealed.
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During the period, 208,936 FOPs were registered in Ukraine whereas last year did not see the record number of closed businesses despite the full-scale war and numerous blackouts.
In a year until April 2023, 203,921 sole proprietors closed, while in previous years the figure averaged at 260,000.
At the same time, in contrast to small and medium-sized businesses, the number of new companies far exceeded the number of closed ones. While more than 32,000 companies were registered in a year since April 2022, only 5,728 businesses ceased operations and became inactive.
By April 2023, there were 1.9 million FOPs and 1.2 million companies registered in Ukraine, according to Opendatabot.