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As part of the EBA Study on the Investment Attractiveness Index of Ukraine, top managers of the European Business Association reported on the impact and consequences that massive missile strikes on the Ukrainian energy system have on their business.<\/p>\n
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Over the past two months, the instability of electricity supply forced 66% of companies to change their work schedule, 40% \u2013 to reduce production or services, and 12% \u2013 to close some offices\/branches\/outlets. Another 9% suspended work or closed part of the premises. Only 1% completely stopped work, and 18% of our companies were not affected by the power outages at all or almost in no way.<\/p>\n
To minimize the impact of power outages, 86% of businesses install generators or other UPS, 65% use alternative sources of communication and the Internet, 25% transfer data to the cloud, and 22% implement cybersecurity measures. Only 10% of businesses had to relocate their business or staff due to power outages.<\/p>\n
However, in connection with the preparation for power outages, Ukrainian business incurs significant costs. Thus, 40% of the companies we surveyed reported that their expenses for ensuring autonomy have already amounted to 50 thousand dollars, another 22% report expenses in the range of 50-100 thousand dollars, 24% \u2013 in the range of 100-200 thousand dollars, and 14% have already spent more than 200 thousand dollars.<\/p>\n
In the end, the majority of companies, namely 72% claim that a prolonged blackout will not force them to leave the Ukrainian market, 20% hesitate to give an answer, and only 8% assume such a possibility in the worst case.<\/p>\n
“The situation in the energy sector remains extremely tense due to weekly massive shelling of our infrastructure. Companies have to spend significant funds to adapt and be able to work even during prolonged outages. However, we see that even in the conditions of constant energy terror, almost no one stops working completely,” comments Anna Derevyanko, Executive Director of the European Business Association.<\/p>\n
For reference<\/em>: <\/em><\/p>\n The survey was conducted as a part of the EBA Study on the Investment Attractiveness Index of Ukraine from November 29 to December 13, 2022. The survey was participated by 100 top managers of the EBA member companies.<\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" As part of the EBA Study on the Investment Attractiveness Index of Ukraine, top managers of the European Business Association reported on the impact and consequences that massive missile strikes on the Ukrainian energy system have on their business. Over the past two months, the instability of electricity supply forced 66% of companies to change […]<\/p>\n","protected":false},"author":23406,"featured_media":451018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[4,5,13],"tags":[],"yoast_head":"\n