The weaknesses of the international business in Ukraine during pandemic COVID-19

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The overview

The overview

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Motivation Personal motivation Personal effect Family effect Literate motivation Did COVID-19

Motivation
Personal motivation

Personal effect
Family effect

Literate motivation

Did COVID-19 have an impact

on the activities of international business in Ukraine?
Did COVID-19 have an impact on the digitalization of the economy in Ukraine?
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International business in Ukraine before COVID-19 Key economic aspects for Ukraine

International business in Ukraine before COVID-19

Key economic aspects for Ukraine

in 2020 (pre and post COVID-19)
Source: Cabinet of Ministers, https://en.interfax.com.ua/news/economic/638333.html and www.epravda.com.ua/news/2020/03/30/658678/ and International Monetary Fund, World Economic Outlook Database, July 2020.

Negative influence:
Political and legal problems
Structural and organizational problems
Economic problems
Socio psychological problems
Positive influence:
Ties with CIS and countries of Eastern Europe
United entrepreneurship with developing countries

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COVID-19 world pandemic

COVID-19 world pandemic

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Meaning of COVID-19 crisis for Ukraine

Meaning of COVID-19 crisis for Ukraine

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Practices of supporting businesses during the pandemic period Job retention schemes

Practices of supporting businesses during the pandemic period

Job retention schemes

including short-time work schemes and wage subsidy schemes
Deferrals of payments including deferrals of income and corporate tax payments, value added tax, waivers of rent and utility payments
Financial support via debt channels such as simplified loan guarantees, direct lending through public institutions and support for non-banking finance
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Methodology Primary data is collected though survey and interview with a

Methodology

Primary data is collected though survey and interview with a Ukrainian

businessman.
The primary data’s objective is to make the most correct collection of the information regarding the subject of the matter and to compliment the literature review.
The survey has initially received 43 responses from Ukrainians who had perception regarding COVID-19’s effects on economic situation in the country.
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Methodology: Data collection processes: Primary Data Data collection process was done

Methodology: Data collection processes: Primary Data

Data collection process was done through a

distribution of a survey created with https://www.surveymonkey.com, which consisted of 10 questions on the subject and the interview with 4 open questions.
The survey and the interview were presented in two languages, Russian and English, for the ease of use by non-English speakers.
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Methodology: Data collection processes: Primary Data It will take at least

Methodology: Data collection processes: Primary Data

It will take at least 3 years,

as small and medium-sized businesses are actively closed due to lack of funds
Country's GDP began to fall before the pandemic
Businesses often face problems as a result of the lack of necessary legislative acts and the violation of political stability in Ukraine
The conservative economic thinking of the country's citizens is important
The process of digitalization of the economy.
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Conclusion

Conclusion