“When the Wind Picks Up but the Horizon Holds “ Main economic trends in November 2025, based on the resultsof the New Rapid Enterprises Survey, #NRES
On December 16, 2025 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (November 2025)”. During the event, the results of the 43-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in November 2025, were presented.
The field stage of the 43-th wave lasted from November 19 -28, 2025. The enterprise managers compared the work results in November 2025 with October, assessed the indicators at the time of the survey (November 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 survey uses a panel sample that includes 500+ enterprises located in 21 of 27 regions of Ukraine, including Vinnytsya, Volyn, Dnipropetrovsk, Zhytomyr, Zakarpattya, Zaporizhzhia, Ivano-Frankivsk, Kyiv, Kirovohrad, Lviv, Odesa, Poltava, Rivne, Sumy, Ternopil, Kharkiv, Khmelnytskyy, Cherkasy, Chernivtsi and Chernihiv regions and the Kyiv city.
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Business Activity Recovery Index Dropped to Zero
In November 2025, Power Outages Became a Problem for 43% of Enterprises
The study was conducted by the Institute for Economic Research and Policy Consulting (IER) within the framework of the project ” Ukraine’s integration into the EU: a dialogue built on facts” with the support of the International Renaissance Foundation.
✅ More survey results in the presentation.
✅ Video presentation (ukr): Youtube IER
