A year and a half after Ukraine was invaded by Russia, 84% of the nation’s companies are fully operational, according to a survey by the American Chamber of Commerce in Ukraine.
Respondents cited the safety and security of staff as the number one challenge to doing business over the next six months. Other key challenges are Russia’s missile attacks on vital infrastructure and business assets, employees’ health and mental well-being, economic and consumer recession, and access to electricity, water, mobile network, or heat supply.Some 127 CEOs and top managers of the chamber’s member companies took part in the survey, which was conducted between Sept. 6 and Sept.
The respondents said that the most helpful services and products for companies to attract more investment in their industries post-war are demining, IT and digital solutions, infrastructure and logistics, financial services, manufacturing and construction.
In March, the government of Ukraine, the World Bank Group, the European Commission and the United Nations reported that the estimated cost of reconstruction and recovery in Ukraine has grown to $411 billion. Ukraine’s reconstruction and recovery cost is 2.6 times the country’s estimated 2022 gross domestic product, according to those organizations.