Most businesses in Ukraine are still open almost two and a half years after Russia started its full-scale invasion of the country, according to research from the American Chamber of Commerce in Ukraine.
The Ukraine Wartime Business Assessment Survey polled 111 CEOs and top managers from member companies of the Chamber. It was done in partnership with Citigroup Inc.’s C, +1.47% Citibank Ukraine.
The number of fully operational businesses has gone up from 84% last year to 85% this year.
81% of the companies polled, though, said that their employees’ deployment had an effect on how well their business did.
For business in Ukraine, deferring military service is now the biggest problem, according to a new poll. This was said by Andy Hunder, president of the American Chamber of Commerce in Ukraine. “This has a big effect on how well the business does.” “We will keep working with the government to make sure that the army has what it needs, that business and the economy keep running, and that taxes are paid,”
Safety and security of staff was named as a problem by 75% of respondents. The health and mental well-being of staff and power outages were named as problems by 50% of respondents each. 45% of those who answered the survey said that Russia’s missile attacks on important infrastructure and business assets were a problem.
The survey results were shown at the Ukraine Recovery Conference in Berlin this week.
While the war with Russia is still going on, the costs of rebuilding Ukraine are going up. Early this year, the World Bank, the Ukrainian government, the European Commission, and the UN released a study that said, by Dec. 31, the total cost of rebuilding and recovering in Ukraine will have reached $486 billion, up from $411 billion the previous year.
Boeing Co. (BA) (-1.53%), Coca-Cola Co. (KO) (-1.05%), Delta Air Lines Inc. (DAL) (+2.70%), IBM Corp. (IBM), Lockheed Martin Corp. (LMT) (-0.80%), Microsoft Corp. (MSFT) (+1.94%), Oracle Corp. (ORCL) (+13.32%), PepsiCo Inc. (PEP) (-0.75%), and Pfizer Inc. (PFE) (-1.32%) are some of the business groups that are part of the American Chamber of Commerce in Ukraine.
