26.10.2022

Some businesses may not be able to survive power outages

30% of Ukraine’s power plants were destroyed as a result of shelling by occupiers of energy infrastructure facilities. This resulted in widespread power outages across the country.

“Our energy infrastructure facilities are being shelled by the enemy. This causes not only the disconnection of homes from the power grid, but also the closure of businesses. Such outages are another detriment to business. The enemy actually disables our mobile power plants, which enable us to level out consumption as it rises or falls. If such energy terror continues, the energy system will be even more destroyed. Some businesses will be forced to close their doors. As a workaround, we can consider shifting enterprise operations to the night because we have the necessary resources due to the operation of nuclear power plants,” – says Ilya Neskhodovskyi, head of the analytical department of National Interests Advocacy Network “ANTS”.

The situation with population employment is also difficult. According to the Ministry of Economy’s estimates, unemployment will reach 30% by the end of the year.

“Unemployment is difficult to estimate in general because businesses do not provide reports, and there are occupied territories. As a result, the data provided by the State Statistics Service is incorrect. At the same time, the Ministry of Economy predicts that unemployment will reach 30% by the end of the year. This is an important indicator. We recognize that every third person in the country will be out of work. Here’s a question for the government: how far are they willing to go to combat unemployment? Are there funds set aside for “E-work” projects? However, 1,000 people are employed there, while millions are unemployed. I’d be embarrassed to talk about implementing such a program and planning to hire 500 people in the next one. Spending money on startups, the beginning of a new business, is inefficient. It is necessary to assist businesses that have suffered as a result of shelling or other factors and are unable to operate. This would aid in the preservation of existing jobs. And instead of a thousand new jobs, there would be ten times as many saved. Successful relocation, placement of state orders, and loan granting are all required. At the moment, the government is not doing enough in this regard”.

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