Business continues to operate as usual in Ukraine

21/ 02/ 2022

While recent events around Ukraine have captured the worlds attention, Ukrainian business and society keep showing remarkable resilience amidst ongoing Russian aggression. The European Business Association continues a regular dialogue with its member companies to monitor changes in business sentiments, as well as to support them in this difficult time. Thus, our community unites more than 1,000 representatives of Ukrainian and international business. Thus, according to an express survey conducted by the Association last night (on the eve of Russias decision), almost 90% of CEOs confirmed that their businesses continue to work as usual. Of these, about 70% of companies already have contingency plans. At the same time, 15% report their readiness to relocate, but currently remain in Ukraine and continue to monitor the situation. One-third of companies have introduced remote work opportunities for employees, given the new threats. However, it should be noted that more than half of EBA members have had the remote regime available since the beginning of the pandemic, so this is not a fundamentally new solution. Only 3% of CEOs reported leaving Ukraine, and another 11% reported the departure of their families, but some did so at the request of company headquarters. Anna Derevyanko. EBA Executive Director. The courage and resilience of our companies, which continue to work and believe in a better future for Ukraine, is surely impressive. The responsible business has always been an active participant in important moments for the country, it takes care of employees and their families, supports the army and society. The business community believes in Ukraine! So, we hope that the state will also show its support by preventing pressure on transparent business. The EBA offices in Kyiv, Lviv, Odesa, Dnipro, and Kharkiv also continue to operate as usual. We will recall that earlier the Association reported on intentions of business to remain in Ukraine even if an escalation or full-scale military invasion happen. We are pleased to state that over the past month the sentiments and plans of company executives have not fundamentally changed. Continuing “business as usual” is crucial for economic and social stability in the country. Be the first to learn about the latest EBA news with our Telegram-channel – EBAUkraine.

While recent events around Ukraine have captured the world’s attention, Ukrainian business and society keep showing remarkable resilience amidst ongoing Russian aggression. The European Business Association continues a regular dialogue with its member companies to monitor changes in business sentiments, as well as to support them in this difficult time. Thus, our community unites more than 1,000 representatives of Ukrainian and international business.

Thus, according to an express survey conducted by the Association last night (on the eve of Russia’s decision), almost 90% of CEOs confirmed that their businesses continue to work as usual. Of these, about 70% of companies already have contingency plans. At the same time, 15% report their readiness to relocate, but currently remain in Ukraine and continue to monitor the situation.

One-third of companies have introduced remote work opportunities for employees, given the new threats. However, it should be noted that more than half of EBA members have had the remote regime available since the beginning of the pandemic, so this is not a fundamentally new solution. Only 3% of CEOs reported leaving Ukraine, and another 11% reported the departure of their families, but some did so at the request of company headquarters.

Anna Derevyanko EBA Executive Director

The courage and resilience of our companies, which continue to work and believe in a better future for Ukraine, is surely impressive. The responsible business has always been an active participant in important moments for the country, it takes care of employees and their families, supports the army and society. The business community believes in Ukraine! So, we hope that the state will also show its support by preventing pressure on transparent business.

The EBA offices in Kyiv, Lviv, Odesa, Dnipro, and Kharkiv also continue to operate as usual.

We will recall that earlier the Association reported on intentions of business to remain in Ukraine even if an escalation or full-scale military invasion happen. We are pleased to state that over the past month the sentiments and plans of company executives have not fundamentally changed. Continuing “business as usual” is crucial for economic and social stability in the country.

Be the first to learn about the latest EBA news with our Telegram-channel – EBAUkraine.