Thursday, December 8, 2022
The American Chamber of Commerce in Ukraine today presents the latest results of its Business Climate End-of-Year Survey. After more than 288 days of the war, 70% of AmCham member companies are fully operational, while 30% operate partially. 98% of companies plan to continue operating in Ukraine in 2023.
94% of businesses think a possible winter energy blackout won't prevent Ukraine from winning the war. 95% believe Russia should pay war reparations to Ukraine.
122 CEOs and top managers from AmCham Ukraine member organizations took part in the Survey, conducted from November 28 – December 7, 2022. 75% of the respondents are CEOs, 25% – top managers.
AmCham Ukraine member companies continue to pay salaries after almost 10 months of the war. 88% pay full salaries and 9% have reduced salaries. Only 1% could not pay salaries at all.
31% of respondents indicate that their organization's plants/factories/facilities/storehouses/offices have been damaged: 71% of them have minor damage, 29% – have unrepairable damage. 66% of member companies had no damage during almost 10 months of the war.
The business representatives were asked a difficult question on the safety and security of employees. 59% of respondents said that all of their companies' employees are safe. Sadly, there were painful numbers also, with 20% of companies' having instances of employees injured and 19% having instances of employees killed.
96% of AmCham Ukraine member organizations continue to provide humanitarian support.
The biggest business challenges for companies are instability with electricity, water, mobile network, or heat supply (87%), safety and security of employees (74%), logistics and transport (43%), decline in partners' businesses (32%), and absence of clients or orders (22%).
The business community was asked about when Ukraine's post-war rebuilding and reconstruction will begin. 57% of the respondents think it will start in 2023; 31% – in 2024; and 6% – in 2025.
Andy Hunder, President of the American Chamber of Commerce in Ukraine, said: "Business is resilient, agile, and ready. Ready to rebuild, invest and grow. 95% of members believe Russia should pay war reparations to Ukraine. The biggest business challenge now is electricity, water, mobile network, or heat supply instability. Still, 94% of businesses think a possible winter energy blackout won't prevent Ukraine from winning the war. I am extremely grateful to all outstanding leaders of AmCham member companies for believing and operating on the ground, setting a stretch target for 2023, and preparing to invest in reconstructing our brave Ukraine."
Full results of the Survey are available here.
About the American Chamber of Commerce in Ukraine:
The American Chamber of Commerce is Ukraine's most powerful international business association that has been serving 600+ members in Ukraine since 1992, delivering the shared voice of US, international and Ukrainian companies, who invested over $50 billion in Ukraine and remain committed to the country till today, during the war. For more information, please visit our website and check the detailed 45-page AmCham Ukraine Annual Report 2022 with summarized AmCham activities, initiatives, messages, meetings, and highlights.