Thursday, November 05, 2009

How about creative destruction?

Apparently, crisis has little impact on Ukraine through the mechanism of creative distruction.
Between 1 October, 2008 and 1 October, 2009, number of registered enterprises and organizations has increased by 25 thousands: from 1,223 thousands to 1,248 thousands. The largest gains are observed in business services (10 thousand new enterprises and organizations). All sorts of services, retail, repair and maintenance, culture and sports also get an increase. At the same time, number of enterprises and organizations in agriculture and financial sectors declined by 900 and 411 respectively. Despite decline in financial sector, the decline came from closing down 764 branches of banks and not from bankruptcies of the banks.

In term of the legal status, number of labor unions and NGOs has increased by 6.7 thousands. The number of political parties has increased by 714 and now stands at 17204.

No comments: