In the context of full-scale war, the Mykolaiv region has faced serious challenges for local businesses, with the tourism sector being particularly affected, as it has virtually ceased operations. In 2022, 148 enterprises and over 5,000 individual entrepreneurs (IEs) suspended their activities in the region. From October 2025, another 314 companies and more than 5,700 IEs were forced to close.
This is reported by Business • Media
Recovery of enterprises and growth of new businesses
Despite the losses, the region is showing signs of recovery. In 2022, 624 new companies and 3,901 IEs started operations in Mykolaiv, and by 2025, there were already 691 enterprises and 5,754 IEs. This indicates a gradual revival of economic activity even under challenging conditions.
Sectors showing growth
The sectors that achieved the highest growth in the number of businesses compared to 2022 are:
- Trade and transport repair — the number of enterprises increased from 9,970 in January 2022 to 10,603 in October 2025.
- Agriculture — from 5,020 to 5,296 enterprises.
- Manufacturing — from 1,798 to 1,947 companies.
- Construction — from 1,690 to 1,835 enterprises.
The majority of new businesses are concentrated in the trade and services sector, as significant investments are not required to start them.
“The Mykolaiv Regional State Administration has already launched a support program for small and medium-sized businesses. Entrepreneurs can receive interest compensation on loans, partial reimbursement for equipment costs or reconstruction expenses – up to ₴200,000 per year. This program has already funded dozens of businesses from various sectors – from agriculture and construction to medicine and public catering. It will continue at least until 2028.”
The financial support program for entrepreneurs allows for compensation and reimbursements, helping to preserve jobs and stimulate further development of the local economy. It covers various sectors — from agribusiness to public catering and will be in effect at least until 2028.