Ukraine’s largest investors have shared their expectations for 2025; they predict increased economic activity and support from the US.

Most of the 145 top company managers surveyed by the American Chamber of Commerce in Ukraine (AmCham) expect continued or increased support for Ukraine from the US (77%), and 23% predict its decrease. Also, 61% believe a ceasefire is possible in 2025, 31% doubt it, and 8% expect an escalation at the front.

Notably, 85% of companies are fully operational and will continue to invest in Ukraine. Moreover, 35% plan to increase investment, and 48% plan to maintain investment at 2024’s level. The EU is expected to be the main source of investment (88%), followed by the US (71%) and Asia (18%).

Among those surveyed, 53% predict sales growth, 37% believe that sales will remain at the same level as last year, and 10% predict their decline. Over 40% of respondents expect economic and business activity to increase compared to 2024, almost 50% predict stability, and 12% predict a decline.

AmCham members include American, Ukrainian, and other international companies that have cumulatively invested over $50B in Ukraine.