Friday, February 23, 2024
The American Chamber of Commerce in Ukraine presents the results of its survey on Doing Business after 2 Years of Russia’s Full-Scale War in Ukraine. The survey aims to assess the state of business in Ukraine after two years of full-scale invasion and identify critical challenges for the business community in 2024.
86% of AmCham members are fully operational after 2 years of Russia's full-scale war in Ukraine. 12% continues to operate partially.
30% of respondents indicate that their companies’ plants/factories/facilities/storehouses/offices have been damaged: 75% of them have minor damage, 25% – have unrepairable damage. 58% of member companies had no damage during 2 years of the war. 7% of companies have assets under occupation.
The business representatives were asked a difficult question on the safety and security of employees. 54% of respondents said that all of their companies' employees are safe. There are painful numbers also, with 31% of companies having instances of employees injured and 29% having instances of employees killed.
84% of AmCham members have employees who are serving in the Armed Forces of Ukraine.
The biggest business challenges for companies for the next 6 months are the following: safety and security of staff (85%), employees' health and mental well-being (70%), Russia's missile attacks on vital infrastructure and business assets (61%), attracting and retaining top talent (56%), and economic and consumer recession (54%).
The top-3 steps the Ukrainian Government should take to significantly help businesses on the ground are: implementing real and effective judicial reform (22%), ensuring clear and transparent reservation procedure – (22%), strengthening national security and defense and demining of Ukrainian territory (21%).
AmCham Ukraine President Andy Hunder commented: “Despite the hardship, and inspired by the brave defenders, the business community continues to operate and believe in Ukraine, keeping the economy running, taxes paid, and Ukrainians employed. Ukraine remains open for business, with 86% of AmCham members being fully operational after 2 years of Russia’s full-scale invasion. The security of staff and judicial reform are the highest priorities for business. We will continue working with the Ukrainian Government and pushing the pro-growth agenda forward, shaping recovery-wise policies, and finding possible tools and ways to support the economy.”
125 CEOs and top managers from AmCham Ukraine member organizations took part in the survey conducted on February 12-22, 2024. 76% of the respondents are CEOs.
Detailed results by the link.
About the American Chamber of Commerce in Ukraine:
The American Chamber of Commerce is Ukraine's leading international business association that has been serving 600+ members in Ukraine since 1992, delivering the shared voice of best-in-class US, international, and Ukrainian companies, who invested over $50 billion in Ukraine and remain committed to the country.
