Page 61 - UKRRptJul24

number of businesses with foreign investment, 241 companies, are part of 121 financial and industrial groups. The largest number of companies come from Uzbekistan, Turkey, and Britain. Over the past two years, more than 110 countries have invested in Ukrainian companies by providing authorized capital.
For the first time in two years, the share of industrial enterprises operating at full capacity exceeded 15% in the more than 500 surveyed enterprises. In addition, the share of companies that indicated that it is difficult for them to predict the their enterprise’s activity in the next two years has decreased. In February, there were 50.6% of such enterprises, in April - 38.2%, and in May - 30.9%, the lowest value since October 2022.
4.5 Labour and income
4.5.1 Labour market, unemployment dynamics w
The labour market recovered more slowly in May: growth in labour demand slowed, but supply remained limited. This, in turn, continued to put upward pressure on wages, which increased household incomes.
Due to the personnel shortage in Ukraine, women will be taught to drive trucks and buses, and a training program for construction equipment operators will be launched. The Ministry of Infrastructure is developing a nationwide program for training women to drive large vehicles.
The European Commission has proposed the extension of temporary protection for Ukrainians who left for the EU due to the military aggression of the Russian Federation for another year, from March 5, 2025, to March 4, 2026.
Lack of staff is becoming a major problem for Ukrainian businesses. Conscription and migration have reduced the workforce by more than a quarter, according to a Bloomberg article.
The mobilization law, which came into effect in May, aims to add hundreds of thousands of soldiers to the Ukrainian army. However, the lack of able-bodied men and women is becoming a burden for large and small businesses, which are the backbone of the wartime economy.
It is becoming a conundrum for the government to find a balance between replenishing the Armed Forces and ensuring that the shortage of people does not harm the country’s economy.
Lack of staff is becoming a major problem for Ukrainian businesses. Conscription and migration have reduced the workforce by more than a quarter, according to a Bloomberg article.
The mobilization law, which came into effect in May, aims to add hundreds of thousands of soldiers to the Ukrainian army. However, the lack of able-bodied men and women is becoming a burden for large and small businesses, which are the backbone of the wartime economy.
61 UKRAINE Country Report July 2024 www.intellinews.com