Fig. 3.4. Distribution of TEA by region, 2023
Entrepreneurial activity in the southern and eastern regions of Ukraine, which are known for their significant industrial and tourism value, especially in the southern coastal regions, is lower than in the central and northern regions. Although the current TEA percentages do not indicate a sharp decline, they must be viewed against the background of a lack of comparative Center and North (22.2% and 24.6% respectively): The central and northern regions, encompassing the capital Kyiv, display relatively high TEA rates. These numbers may be attributed to the central region's well-developed economic infrastructure, the migration of entrepreneurs from conflict-affected areas, and the earlier end to hostilities that enabled business activities to resume. While these elevated percentages suggest a strong resilience, they may not provide a complete picture of the entrepreneurial climate due to the absence of pre-war data. This lack of historical context is crucial, as many individuals have left the country or the region, leading to a potential cessation of business operations that is not reflected in the current TEA rates. The western region of Ukraine has the lowest TEA share, despite being the least affected by the war in terms of direct military action. This may seem counterintuitive, but could be due to businesses into the local economy, which may have temporarily diverted the focus away from