How Ukrainian businesses

The war greatly impacted on the plans of Ukrainian SMBs, with 77% saying it impacted their plans a great deal, and a further 20% saying it impacted them a little. Only 3% of Ukrainian businesses say they were not impacted by the war.

69% of businesses now have all staff based in Ukraine. 25% of Ukrainian still have some staff based outside Ukraine.

56% of businesses are planning to maintain their current market position. Moreover, 30% of them aim to grow and scale their businesses in the coming year, despite the ongoing turmoil and immense challenges.

36% of Ukrainian businesses are planning on hiring more staff this year, slightly less than their expected plan in last year’s survey (38%).

77% of businesses are still unaware of governmental support programs.

44% of businesses have enough of their own resources to pursue their business goals.

Financial investment is the most important element required for Ukrainian SMBs to achieve their business goals. This remains a consistent requirement as reported in our last report.

50,382 businesses have received over UAH 154 billion thanks to the Affordable Loans 5-7-9% program. But 56% of SMBs still lack enough resources of their own to pursue their business goals.

International donors also provide financial support, such as EU4Environment program and the USAID Competitive Economy Program. However, only 23% know about international or state sponsored support programs and even less (19%) turned to them for help.