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Where there is no law, but every man does what is right in his own eyes, there is the least of real liberty
Henry M. Robert

SMALL BUSINESS PRODUCES ONLY 10% OF GDP

17 March, 1998 - 00:00

According to the Cabinet of Ministers of Ukraine, 100,500 small and medium enterprises and 3,000 cooperatives were operating in Ukraine in 1997. Most (63%) were registered in the oblasts of Donetsk, Dnepropetrovsk, Kharkiv, Zaporizhzhia, Luhansk, Lviv, the Crimea, and Kyiv. Small business employs 4% of able-bodied people and produced 10% of GDP, which is less that in any other European country. Among the registered small and medium enterprises, only 30% to 40% of them actually produce anything, according to InfoBank.

 

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