RECOVERY OF UKRAINE’S ECONOMY IN THE CONTEXT OF EUROPEAN INTEGRATION

The article examines the key problems of ensuring the efficiency of Ukrainian enterprises during the period of the Russian Federation’s large-scale military aggression in Ukraine. Based on the analysis of key performance indicators of enterprises in the leading sectors of Ukraine’s economy, it is established that the obstacles faced by national producers – such as electricity blackouts, blocking of the Ukrainian border, price increases, destruction of supply chains, loss of counterparties, and reduced demand for goods and services in the domestic market – are only some of the problems that have been a challenge for Ukrainian enterprises over the past two years of their activities. The article proves that full-scale military aggression and its consequences force Ukrainian enterprises to look for new solutions not only to ensure the continuity of their core business processes, but also to mitigate the possible risks of war, such as destruction from military operations, losses from the destruction of assets, migration of the working population abroad, cyberattacks on enterprise management systems, etc. It is established that, in such conditions, almost all business entities need additional financial support from the State. The authors identify the main areas of state support for domestic enterprises and the support provided by foreign partners of the national economic system in 2022-2024. Considering the deficit of national financial resources, in the short term Ukraine’s economy will not be able to rebuild its capacity and overcome the challenges caused by military aggression without the support of foreign partners. According to the authors, one of the priority areas of cooperation in the area of post-war rebuilding and support of the Ukrainian economy today should be close cooperation between our country and the European Union. Combining the efforts of Ukraine and the EU countries will contribute to the economic reconstruction of our country. It is determined that the strategic task of rebuilding Ukraine’s economy can be realized only if the business activity of enterprises in key industries is renewed. It is the industries that have high growth potential in the Ukrainian economy that will provide opportunities for the growth of related industries, increase employment, help strengthen the country’s defense capabilities, and in the future contribute to Ukraine’s high geopolitical status.