Ukrainian business on the brink of crisis: economic difficulties and state pressure cause concern

The economic situation in Ukraine continues its unfavorable trend, and business expresses its dissatisfaction with the authorities, believing that enterprises are closing due to unsuccessful steps by the authorities, as well as due to the actions of law enforcement agencies. The Cabinet of Ministers' statements about improving the economic situation do not correspond to reality, business representatives believe.

A study by the Institute for Economic Research and Policy Consulting shows that business expectations for the next two years have worsened. The number of enterprises planning to expand their activities has decreased, while the share of those expecting to reduce has increased. The attitude of business to the state has also been studied, and it turned out that a significant part of them considers the state not as a partner, but as a regulator or even an obstacle.

The European Business Association's Tax Index confirms Ukrainian companies' distrust of the tax system. According to the study, 40% of enterprises consider the tax system an obstacle to business development. Fiscal pressure received a high score, and only a limited number of entrepreneurs did not feel this pressure.

Analyst Anatoliy Amelin of the Ukrainian Institute for the Future emphasizes that the country no longer has an economy, and the growth that is being recorded is the result of inflation. He also points to the outflow of businessmen abroad, as they face threats and attempts to extort money in Ukraine.

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