Ukraine has already received $100B in external financing and has completed all tasks to receive a new tranche from the IMF. Before the sixth review of the EFF’s (Extended Fund Facility) extended financing program, Ukraine had fulfilled all structural beacons by the end of October and all quantitative performance crit... #EBA #EFFprogram #imf #IMFStructuralBeacons #LoanForUkraine #SupportUkraine
Ukraine’s investment climate shows signs of improvement. Ukraine’s investment attractiveness index increased to 2.49 points in 2024 (out of a possible five) from 2.44 points in 2023, according to a survey by the EBA, in which 80 top managers of intern... #EBA #InvestmentClimate #investments #UkraineBusinessClimate #ukrainianbusiness
Most Ukrainian businesses invest in building their energy independence. According to EBA research, this summer’s power outages affected the operations of 87% of companies in Ukraine. Among the companies surveyed, 67% had to suspend work, 60% had increased production... #EBA #ElectricityGeneration #EnergyIndependence #energyukraine #ukrainianbusiness
Ukrainian businesses are ready to work in the EU: What forecast do entrepreneurs give regarding the terms of Ukraine’s accession? 31% of the member companies of the EBA believe that they are fully ready to operate in the EU currently, 38% are primarily ready, 26% are partially prepared, and only 5% are not ready. 71% of companie... #EBA #EuropeanIntegration #SociologicalSurvey #UkraineEconomy #ukrainianbusiness
The business community offers an alternative to increasing taxes in Ukraine. Members of the European Business Association hope that instead of drafting laws to raise taxes for businesses, the government can find other solutions to fund the budget, as the entire burden of the p... #EBA #ReformsinUkraine #TaxesUkraine #UkraineBudget2024 #UkraineBudgetDeficit #ukrainianbusiness
How does a business assess its state and prospects? The number of EBA member companies operating at full capacity has decreased from 78% to 64% compared to the beginning of the year. In particular, 45% of the surveyed top managers assess their business... #BusinessActivityExpectations #EBA #UkraineBusinessActivity #UkraineEconomy #ukrainianbusiness
The war has forced 7% of Ukrainians to leave their place of residence permanently. Due to the full-scale war, 7% of Ukrainians left their permanent place of residence and have not returned, 18% moved but returned, and 73% did not leave their homes, according to a study by the EBA. A... #EBA #Migration #RefugeesFromUkraine #RepatriationInUkraine #UkrainiansAbroad
How do foreign investors assess the investment climate in Ukraine? Foreign investors have a restrained and negative assessment of the investment climate in Ukraine. Russia’s full-scale military aggression in Ukraine continues to lead the list of negative factor... #EBA #ForeignInvestor #InvestmentClimate #InvestmentsinUkraine
Businesses in Ukraine expect revenue growth in 2024. In 2024, top managers of Ukrainian companies predict mostly positive or stable dynamics of change in their incomes. According to an EBA survey, 41% of CEOs expect an increase in revenues in dollar ter... #BusinessExpectation #EBA #UkraineBusinessActivity #бізнесвУкраїні
What worries foreign investors in Ukraine the most? By order of the NBU, foreign investors cannot withdraw their dividends from Ukraine, which is the biggest problem with the inflow of investment, said the head of the EBA, Anna Derevyanko. “If yo... #AnnaDerevyanko #EBA #ForeignInvestor #InvestmentsinUkraine #nbu
Businesses in Ukraine are planning on expansion and will borrow money for development. According to a European Business Association (EBA) study, the number of entrepreneurs who plan to raise funds to develop their businesses in 2024 has increased to 80% from 67% last year. In addition, ... #EBA #UkraineBusinessActivity #UkraineBusinessExpectation #UkraineEconomy #бізнесвУкраїні
Ukraine’s business community has outlined its priorities for 2024, the lion’s share of which is related to European integration. The EBA has identified seven priorities for 2024: Harmonization of Ukraine’s legislation with EU legislation. Regulation of the issues centered around mobilization and sufficient reservation of compan... #BusinessExpectation #EBA #UkraineBusinessActivity #бізнесвУкраїні
Which businesses in Ukraine have been most affected by the blockade of the Polish border? The European Business Association noted: “Among the EBA members, different businesses had a negative impact from the strike on their operations. These are retailers and heavy industry enterprise... #BorderBlockade #EBA #UkraineTrade #ukrainianbusiness #UkrainianEnterprises
Despite the war, over 75% of Ukrainian companies have returned to full-time work. In October 2023, 77% of EBA member companies declared that they were operating at full capacity. The number of businesses that say they have limited operations due to the war has fallen from 53% in Oc... #BusinessduringWar #EBA #UkraineBusinessActivity #бізнесвУкраїні
The Ukrainian economy faces a severe problem: a lack of workers. Most companies, namely 65% of those surveyed, plan to open new vacancies in 2024, according to an EBA study. Also, more than 80% of businesses do not intend to reduce the number of personnel. In addit... #EBA #SalaryUkraine #UkraineEconomy #UkraineJobmarket
Businesses in Ukraine are ready to expand their staffs and raise employee salaries. According to EBA data, 58% of companies predict positive development dynamics in 2024. At the same time, 29% of directors of EBA member businesses expect to maintain business indicators in 2024, and 1... #BusinessDevelopment #BusinessInvestments #EBA #SalaryUkraine #бізнесвУкраїні
Small and medium-sized businesses are recovering in Ukraine: 52% of enterprises are operating fully. As of the third quarter, another 41% of entrepreneurs are working with restrictions, and only 7% are not working, according to an EBA survey. Small businesses are also gradually restoring and increasi... #BusinessduringWar #EBA #UkraineEconomy #бізнесвУкраїні
The mood of Ukrainian business is improving, and entrepreneurs expect the war’s end in one to three years. Entrepreneurs in four strategic regions, Lviv, Odesa, Kharkiv, and Dnipro, improved their business performance ratings compared to 2022. According to the EBA, on average, these ratings increased by 0.... #EBA #UkraineBusinessActivity #WarinUkraine #бізнесвУкраїні
Ukrainian farmers will be forced to sell their grain at $40 below cost. As a result of the closed Black Sea ports and the current cost of logistics through the Danube, farmers will face the reality of selling grain at $40 cheaper per ton, which is below their production c... #agroUkraine #EBA #GrainExportUkraine #StephaneDujarric #Ukrainiangrain
Businesses ask the governments of Ukraine and Poland to quickly sign the common border agreement. Several business associations have called on the governments of Ukraine and Poland to promote the development of existing checkpoints and the construction of new joint checkpoints on the Ukrainian-Pol... #EBA #UkraineForeignTrade #UkrainePolandBorder #UkrainePolandCheckpoints
Almost all of the European Business Association companies have resumed their work in Ukraine. According to EBA director Anna Derevyanko, 99% of the association’s members (which consists of about 900 companies) have completely or partially resumed their work in Ukraine during the war. At ... #AnnaDerevyanko #EBA #Kingspan #Nestle #PhilipMorris #бізнесвУкраїні
Businesses calls on the state regulator to review the proposed price cap for electricity. The European Business Association (EBA) considers the price ceiling on the electricity market proposed by the National Commission unjustified and calls for a review of the resolution regulating such p... #EBA #ElectricitypricesUkraine #energyukraine #NEURC
Since the beginning of the full-scale invasion, only 3% of companies have stopped working. Only 3% of companies have closed since the beginning of the full-scale invasion of Ukraine by the Russian Federation, with 97% maintaining operations, said Regional Director of the World Bank for Eas... #ArupBanerjee #BusinessduringWar #businessinukraine #EBA
The Ukrainian government will ease restrictions for businesses. According to EBA, the NBU currently understands that currency restrictions are gradually exhausting their function, and the macroeconomic situation in the country is stabilizing. Because of this, the ... #CurrencyLiberalization #EBA #nbu #ReformsinUkraine #RestrictionsForBusinesses
Ukraine’s investment attractiveness rating has fallen to its lowest level since 2013. In the first half of 2022 Ukraine’s investment attractiveness index decreased by half a point and amounted to 2.17 points out of a possible 5, which is the lowest value since 2013, reported the EBA. ... #EBA #InvestmentsinUkraine
Commercial activity will continue in Ukraine in the event of military invasion. According to the EBA survey, 45% of companies will continue to work in Ukraine, even in the event of a military attack. Another 17% of companies are considering moving to the western region of the co... #EBA #Survey #UkraineBusiness
Tax pressure drives businesses into the shadows. “The authorities should work to reduce tax pressure on business and not increase it, as was done by adopting bill 5600. Under this condition, enterprises will continue to go into the shadow”, said Sve... #EBA #ShadowEconomy #TaxPressureinUkraine
