The Institute for Economic Research and Policy Consulting (IER) has released the 33-th monthly enterprise survey “Ukrainian business in wartime” for January 2025.
The goal of the project is to quickly collect information on the current state of the economy at the enterprise level.
The field stage of the 33-th wave lasted from January 17- 31, 2025. The enterprise managers compared the work results in January 2025 with December 2024, assessed the indicators at the time of the survey (January 2025), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
This publication was compiled with the support of the European Union and the International Renaissance Foundation within the framework «European Renaissance of Ukraine» project. Its content is the exclusive responsibility of the authors and does not necessarily reflect the views of the European Union and the International Renaissance Foundation.
Main results of the 33-th monthly enterprise survey:
- There are no significant positive or negative changes in the production sector at the beginning of 2025.
- Long-term uncertainty is still high; long-term plans have slightly deteriorated but are still positive.
- Production indicators have deteriorated compared to previous months, but three-month expectations have improved. Labor shortages and security issues due to the war remain key challenges for business.
- The end of the war, tax cuts, the release of workers from military service, and the deoccupation of Ukrainian territories are key expected steps to improve the business climate in the country.
- In December 2024, due to power outages, businesses lost 4% of their total working time.
