Ukrainian retail bounces back
9 December 2022, 11:57 PM
Ukrainian trade resumed work by 90% (Photo:naiukraine.com)
After nine months of Russia’s full-scale invasion, the retail sector in Ukraine has recovered to 90.7% of its pre-war levels, Retail Association of Ukraine (RAU) reported on Dec. 9.
Thus, only 9.3% of retailers remain shuttered – a stark contrast to March, when 29.4% of them closed due to the invasion.
An almost complete recovery was registered for pharmacies (99% of pre-war levels), grocery shops (92.9%), and gas stations (92.9%).
RAU noted the dynamic is a very encouraging one, since retail taxes makes a significant portion of Ukraine’s fiscal revenue, and the sector provides employment to a great number of Ukrainians.
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