In April and June 2024, IER specialists, with the support of the Center for International Private Enterprise (CIPE), conducted a study "Ukraine: Business Leadership in Post-War Recovery", which included the organization of two surveys of small and medium-sized businesses. We bring to your attention to the second report based on the results of the June 2024 survey.
The purpose of the study "Ukraine: Business Leadership in Post-War Reconstruction" is to assess the role of small and medium-sized enterprises in the reconstruction of the country, assess the specific needs and problems of SMEs, and formulate policies for their better integration into economic recovery efforts, including the participation of SMEs in public procurement and the implementation of integrity standards.
Small and medium-sized enterprises play a crucial role in Ukraine's economic landscape and have the potential to shape the country's economic recovery and growth in several ways:
- Employment. Small and medium-sized enterprises are the main source of employment, as they provide jobs for a large part of the population. They reduce unemployment and stimulate economic activity in both urban and rural areas.
- Innovation and Entrepreneurship. SMEs are often centers of innovation and entrepreneurship. They bring new ideas to market, promote competition, and drive technological advancements, which can have a positive impact on economic development.
- Local economy. Small and medium-sized enterprises tend to be deeply rooted in local communities. Their success has a direct impact on the well-being of these communities, contributing to local development and prosperity.
- Resilience and adaptability. SMEs are often more flexible and adaptable to changing economic conditions than large corporations. Their ability to deploy and respond to market challenges can be crucial in times of economic uncertainty.
- Export and international trade. SMEs often engage in export activities, helping to diversify Ukraine's export portfolio and reduce its dependence on a limited number of goods. This can contribute to a more stable and resilient economy.
Small and medium-sized enterprises are a vital component of Ukraine's economic structure, and their well-being is closely linked to the overall economic situation in the country. Understanding their challenges, needs, and engagement in recovery is critical to shaping sound policies and initiatives aimed at strengthening Ukraine's economic resilience and growth prospects. This highlights the importance of conducting surveys of SMEs to gather information.
The survey was conducted with the support of the Center for International Private Enterprise (CIPE). The views, conclusions and recommendations presented in the study are those of the authors and do not necessarily coincide with the official position of CIPE or its employees.
The Center for International Private Enterprise (CIPE) is a global organization that works to strengthen democracy and build competitive markets in many of the world’s most challenging environments. Working alongside local partners and tomorrow’s leaders, CIPE advances the voice of business in policymaking, promotes opportunity, and develops resilient and inclusive economies.
The views, conclusions, and recommendations presented in the study are those of the authors and do not necessarily coincide with the official position of CIPE or its employees.