Most Ukrainian entrepreneurs reported a significant income decrease due to the war.
Tuesday, August 2, 2022

Most Ukrainian entrepreneurs reported a significant income decrease due to the war.

According to a Mastercard survey, 79% of respondents stated a decline in business volume. This reduction ranges from 50% to 99% for half of the entrepreneurs. However, every fifth entrepreneur managed to maintain (19%) or even increase (2%) business volumes compared to the pre-war period. Most Ukrainian entrepreneurs (61%) continue to work, and 91% of those who suspended their activities are ready to resume business in the future. Depending on the long-term situation in Ukraine, 41% of respondents predict a return to pre-war indicators within a year. However, 30% believe that it will take one to two years, and 23% expect to be able to fully recover in two to three years at the latest.

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