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Some 90% of businesses-members of American Chamber of Commerce positive about financial health of their companies by late 2021 – survey
KYIV. Sept 22 (Interfax-Ukraine) – Some 90% of business representatives give an upbeat forecast on their companies’ financial health at the end of 2021: 62% will achieve planned financial results, 28% will achieve more than was planned, according to a survey of the American Chamber of Commerce in Ukraine conducted jointly with Citi Ukraine.
A total of 100 CEOs and top managers of the Chamber member companies took part in the survey.
"Only 10% of companies will fail to achieve planned financial results, the Chamber said in a press release on Tuesday.
According to the press release, 59% of members hope to see an increase in revenues at the end of 2021; 5% forecast a decrease.
Some 52% of respondents indicate that their companies’ headcount will remain unchanged, 42% point out that their companies will increase the number of employees, and 6% – decrease their number.
Some 74% of companies have a hybrid work format or work in shifts. 17% stated that all their companies’ employees returned to the office, in 9% of companies all employees continue to work remotely.
On average, 20-50% of Chamber member companies’ employees have contracted COVID-19; 40-70% are already vaccinated against COVID-19, while in March 2021 5-30% of Chamber member companies’ employees had COVID-19, and 59% planned to popularize vaccination among employees.
Some 35% of businesses forecast an increase in investments, while 10% – a decrease, while in March the figures were 19% and 15% respectively.
A total of 93% of businesses stated that implementation of real and effective judicial reform, rule of law, fair justice, and eradication of corruption is number one strategic step Ukraine’s government should take first to achieve economic growth, improve the business climate, and attract foreign direct investment.
Possibility of the new lockdown (61%), geopolitical uncertainty (53%), escalation of conflict with Russia (39%) were identified by business representatives as the top three major concerns with regard to doing business over the next six months. Among other concerns – inability to achieve planned financial results (29%), security of employees (22%), and inability to invest (16%).
