Tuesday, August 23, 2022
The American Chamber of Commerce in Ukraine today presents the latest results of its Survey. After six months of the war, the business community continues to operate in Ukraine. 72% of AmCham Ukraine member companies are fully operational, 27% continue to work partially.
96% of companies plan to continue operations in Ukraine in 2023, while 4% don't know yet.
AmCham Ukraine member companies continue to pay salaries after six months of war. 83% pay full salaries, and 16% – have reduced salaries. Only 1% could not pay salaries at all.
The business representatives were asked to indicate the biggest current challenges for their organizations. Safety and security of employees (71%), logistics and transport (44%), absence of clients or orders (34%), decline in partners' businesses (33%), and export-import operations (22%) were identified as the top-5 major challenges.
22% of respondents indicate that their company's plants/factories/facilities/storehouses/offices have been damaged: 48% of them have minor damage, 52% – have unrepairable damage. 6% indicate that their company's assets are still under occupation. 69% of member companies had so far no damage during six months of the war.
The business community identifies the Ukrainian Government's top-3 priorities to boost post-war economic recovery and transformation after Ukraine's victory. Among them:
- Ensure Ukraine's national security and defense, in cooperation with international allies (79%);
- Implement rule of law, real and effective judicial reform, fair justice, ensure a transparent selection of judges at all levels. Adhere to the independence of the National Bank, the Antimonopoly Committee, and the anti-corruption agencies. Reform state-owned enterprises and state-owned banks (77%);
- Accelerate Ukraine's membership in the European Union by approximating national legislation in competition, customs, healthcare, IPR, media, and other spheres (37%).
87% of respondents support the encouragement of talents to live, work, and invest in Ukraine through the liberalization and modernization of labor legislation.
68% of the Survey respondents are currently located in Ukraine; 32% are still abroad. The majority of AmCham member companies (56%) have around 75% of their staff currently based in Ukraine. 14% of members have around 50% of staff in Ukraine, 13% - 85-90%, 11% - 95-100%.
As for Ukraine's business climate forecast by the end of 2022, 60% believe it will remain unchanged, 31% believe it will deteriorate, while 9% indicate that it will improve.
117 CEOs and top managers of AmCham member companies took part in the Survey, conducted from August 18 – August 23, 2022. 84% of the respondents are CEOs, 16% – top managers.
Andy Hunder, President of the American Chamber of Commerce in Ukraine, said: "After six months of the war, 72% of AmCham Ukraine members are fully operational, 83% pay full salaries. This latest Survey sends a message that companies believe in Ukraine, with 96% of businesses planning to continue operations in Ukraine in 2023. I am grateful to AmCham members for all the tremendous efforts in donating, safeguarding their staff, and supporting the economy".
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 bln in Ukraine and remain committed to the country till today, during the war. For more information, please visit our website and Doing Business with Ukrainians page aimed at encouraging the US and global international companies to support Ukrainian businesses and employ Ukrainian talents.
