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4.4 Corp profit
Ukrainian businesses are returning to work amid a reduction in their financial reserves. For the third month in a row, the trend of small businesses are resuming operations has increased, according to a survey conducted by the EBA. Due to declining financial reserves, more small and medium enterprises (SMEs)are returning to work. While 42% of Ukrainian entrepreneurs did not work in March and 26% in April, only 17% of SMEs are currently out of work. Among non-operating companies, 16% plan to resume work. In addition, 21% of SMEs are already working at full capacity, and 38% either partially or with restrictions. Moreover, 34% reported that their financial reserves would be enough for several months; previously, this number was 40%. Only 5% have sufficient financial resources for a year or more.
Businesses in the Kyiv Region are resuming work. Approximately 90% of enterprises have already renewed their work in the Kyiv region, but not at full capacity. As a result, budget revenues have started showing signs of recovery. Since the beginning of the year, small and medium-sized businesses brought UAH 7.6B ($225M) to the budget. After the region's liberation from the Russian invaders, the Kyiv region joined the business relocation program launched by the government. Nine companies have moved their facilities to the Kyiv region, four more are in the process of registration, and 13 companies are considering proposals for relocation areas. Moreover, In March-April, the state registered 1,017 new business entities in the Kyiv Region.
4.5 Labour and income
4.5.1 Labour market, unemployment dynamics
The number of IT vacancies has significantly decreased. In June, job offers for IT specialists made up 12.5% of all job offers, reported grc.ua. This percentage is almost as high as it was at the end of 2021 and even slightly more than in January 2022. However, despite the high share of IT vacancies, their number in actual terms decreased due to the crisis. The number of vacancies for IT specialists is only 21% of the number from before the war. At the same time, according to the number of open vacancies and submitted resumes, a positive trend has been observed regarding the available offers and the activity of job-seekers in the IT field since May. The most significant number of IT job offers in June was in Kyiv, 52%. The Lviv IT cluster is looking for fewer specialists this month than the capital, offering only 12% of all open vacancies. Most IT employers are looking for engineers (19.2%), developers (15.9%), specialists in enterprise management systems (11.3%), web engineers (10.2%), and web administrators (10.2%).
17 UKRAINE Country Report XXXX 2018 www.intellinews.com