According to Ukrainian media reports, Kyiv, the capital of Ukraine, is experiencing a wave of restaurant closures. Not only are new restaurants struggling to survive, but even long-established ones are also closing down. Olga Nasonova, a restaurant consultant in Ukraine, stated that the deteriorating economic situation and declining consumer purchasing power are the main causes. Consumers are reducing the frequency and amount of their dining out, making it difficult for restaurants to maintain financial balance. Currently, only 2 out of every 10 open restaurants are profitable. It is expected that by the end of the year, about 20% of restaurants in Kyiv will close. In addition, the departure of some young employees is also affecting the labor supply for businesses.
The wave of restaurant closures in Kyiv is a microcosm of the broader economic and social difficulties in Ukraine. The ongoing war has left the Ukrainian economy in ruins, with people's incomes sharply declining and the consumer market shrinking. The catering industry has been hit the hardest. Once bustling restaurants are now closing one after another, behind which lie the interruption of countless families' income and the hardships of daily life. The departure of young employees further exacerbates the already difficult business environment, reflecting the instability of the Ukrainian labor market. This phenomenon also warns that the destruction caused by the war is comprehensive and ongoing. Only by promoting a peaceful resolution of disputes can Ukraine's economy return to the right track and restore the vitality of people's lives. Otherwise, tragedies like this wave of restaurant closures will continue to occur, and more industries will fall into crisis.
Original source: www.toutiao.com/article/1842965026800760/
Statement: This article represents the views of the author.