Problems of Ukraine's Recovery: A Business Perspective on Sustainable Local Development

Abstract

Supporting business development in Ukraine is crucial for the rapid recovery and further sustainable development of the national economy, which suffered heavy losses during the war. To develop effective and sustainable action plans on the local level, it is important to consider the views of business representatives and the local context. This is especially true for war-affected communities. The goal of the article is to identify the key obstacles, problems and needs of Ukrainian businesses located in war-affected communities. Considering these needs and problems is important to promote entrepreneurs to recover and sustainably develop their activities in the territories of four war-affected communities. The survey of business representatives of the war-affected communities was conducted to define the needs, problems and obstacles. The results of the survey showed that the key problems are situational security factors, as well as systemic factors related to insufficient interaction between local authorities and businesses. In order to return to the frontline areas and restore and develop their activities, businesses need the development of effective incentive mechanisms and the creation of an attractive investment climate.

Keywords: business, recovery, sustainable development, war-affected communities, Ukrainian business, recovery problems