Ukraine is experiencing an intense heat wave, with temperatures reaching 40 degrees Celsius. The situation is exacerbated by frequent power outages, lasting 15 to 18 hours a day, rendering air conditioners useless. These power shortages, the result of significant damage to Ukraine’s power infrastructure caused by Russian military actions in March and April 2024, are profoundly impacting the daily lives of Ukrainians daily lives and business operations.

Ukrainian Students for Freedom, European and Czech Students For Liberty, and Operation “Kyseláč” at the Liberal Institute invite you to the second annual Ukrainian Renaissance conference, this time in Lviv! During this two-day international event, we will speak with Ukrainian and international experts and explore the topics of Ukrainian resilience, renewal, and reforms the country can undertake to strengthen its economy and its place in Europe.

The combined military spending of NATO members is 18 times that of Russia, with a massive advantage in all types of weaponry. Being this afraid in a situation like that seems a peculiar way of doing the right thing, Raul Rebane notes in Vikerraadio’s daily comment. Full-scale war has been raging for over two years in Ukraine, and fatigue is clearly setting in.

Entrepreneurs

Economics and finance are an inevitable part of everyday life for every individual. Economic decisions accompany us at every step: when buying products, saving money for education, retirement, or vacations, choosing a profession or a job, paying utility bills, loans, taxes, and so on. And how well-informed these decisions are directly impacts our individual and collective future.

Ukraine is going through a crucial period in its history, continuing its path toward joining the European Union despite a full-scale invasion. It is not a surprise that so much attention is drawn to this process both within Ukraine and beyond its borders. That is why Bendukidze Free Market Center and the Institute of Economic Research and Political Consultations launched the project “Monitoring Ukraine’s Accession Into the EU”.

The full-scale invasion has become the most exhausting challenge for Ukraine’s economy. Nevertheless, the Ukrainian business sector with strong medium-sized private enterprises has demonstrated outstanding resilience despite economic downfall, missile and drone attacks, and electricity outages. The IER research asserts that in the last two decades, Ukraine has grown a new private sector that secures Ukraine’s resistance.

Amid full-scale Russian military aggression, Ukrainian businesses have showcased remarkable resilience, buoyed by enduring optimism even as uncertainty clouds the horizon. This sentiment emerges from the monthly surveys conducted by the Institute of Economic Research and Political Consultations (IER), providing valuable insights into the ever-changing landscape of business activity in times of war.