Ukrainians are closing down sole proprietorships en masse: in which regions they are winding down their businesses
14 May 2024 14:24
Almost 31,000 sole proprietorships ceased operations in the first 4 months of 2024. The most frequent closures were in Kyiv, Kharkiv and Dnipro regions. This is evidenced by the data of Opendatabot, "Komersant Ukrainian" reports
According to the open data platform, more than 23% of newly created businesses closed in 2024.
30,904 businesses ceased operations in the first 4 months of 2024. However, the number of new businesses opened is twice as high – more than 74,000 in the first quarter of this year.
Themost frequent closures were in the retail sector – 10,773 (34.9%). Computer programming and wholesale trade are also in the top three, with 10.1% and 6.2% respectively.
Kyiv has the highest number of businesses closing – more than 3,800, or 12.4%. Kharkiv region is on the second place in the anti-rating with almost 2,400 businesses (7.7%). And the top is closed by Dnipropetrovs’k region, where almost 2.4 thousand businesses, or 7.7%, have also ceased operations.
Odesa and Lviv regions are also in the anti-top, with 7.7% and 6.8% respectively.
More than 23% of the newly created sole proprietorships last year ceased operations in 2024, which is 7,300 businesses.
