Businesses in Ukraine have lost faith in the war’s end in 2025 but remain optimistic about their prospects.

Thursday, July 10, 2025
Businesses in Ukraine have lost faith in the war’s end in 2025 but remain optimistic about their prospects.

According to an AmCham survey, 70% of surveyed Ukrainian companies do not expect a ceasefire or significant de-escalation of the war in 2025. At the same time, over the next three years 53% of respondents plan organic growth within their current operations, 37% aim to expand through capital investment, and 2% are considering acquiring businesses in Ukraine.

Regarding financial expectations for the end of 2025 compared to pre-war levels (2021), 68% of companies expect either growth or stability, while 32% foresee a decline.

Companies also highlighted key factors that make Ukraine attractive to existing and potential investors. These include: available investment opportunities on the path to the greatest economic recovery since World War II (notably through the newly created US-Ukrainian Reconstruction Investment Fund) – 64%, market size and the EU accession process – 55%, Ukraine’s status as a global agricultural leader – 53%, and the development of a strong defense industry – 45%.

 

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