At times millions of people were left without power but ,
after quick repairs and the use of equipment provided by its
allies, Ukraine is now producing enough energy to support
businesses and consumers.
The economy ministry said the situation was improving across
many sectors of the economy, including in the transport, retail
and building industries.
The ministry expects GDP to grow by 1% this year after 30%
fall in 2022.
(Reporting by Olena Harmash, Editing by Timothy Heritage)
(Adds details, quote)
KYIV, March 8 (Reuters) - Ukraine's gross domestic
product fell by 26% in February after a 32% drop in January, the
economy ministry said on Wednesday.
Economy Minister Yulia Svyrydenko said in a statement that
economic activity had recovered in February because of a better
situation in the energy sector and a lower energy deficit.
"The 'energy war' won by Ukraine added to the optimism of
businesses, which improved their sentiment about the future and
intensified its activities," Svyrydenko said.
"Overall, the economic front is holding up - the economy is
functioning, adapting, and recovering."
Ukraine's energy system has withstood months of Russian
missile and drone attacks.
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