Almost 31 thousand sole proprietorships ceased operations in the first 4 months of 2024. The most frequently closed businesses are in Kyiv, Kharkiv and Dnipro regions. More than 23% of newly established businesses closed in 2024.
30,904 businesses ceased operations in the first 4 months of 2024. However, the number of new businesses opened is twice as high – more than 74 thousand in the first quarter of this year.
The most frequent closures are in the retail sector – 10,773 (34.9%). Computer programming and wholesale trade are also in the top three, with 10.1% and 6.2% respectively.
Kyiv has the highest number of businesses closing – more than 3,800 or 12.4%. The second place in the anti-rating is occupied by Kharkiv region – almost 2.4 thousand businesses (7.7%). And Dnipropetrovs’k region closes the top, where almost 2.4 thousand businesses, or 7.7%, have also ceased their activities.
Odesa and Lviv regions are also in the anti-top, with 7.7% and 6.8% respectively.
More than 23% of the newly created PEs last year ceased operations in 2024, which is 7.3 thousand businesses.
