Despite War: 92% of Companies Are Operating, and 87% Are Investing in Ukraine — Survey by American Chamber of Commerce and Citi Ukraine

Ahead of the “Rebuilding Ukraine” conference in Gdańsk, Poland, the American Chamber of Commerce in Ukraine, in partnership with Citi Ukraine, presents the results of its latest survey, “Doing Business in Ukraine During the War”. Designed to reflect the realities of doing business during wartime, this survey examines how companies in Ukraine are overcoming operational disruptions and labor shortages, making investment decisions, and planning for recovery amid Russia’s full-scale war. The survey also analyzes business expectations regarding Ukraine’s economic outlook, reform priorities, and long-term investment potential.

92% of AmCham member companies continue to operate at full capacity after more than four years of Russia’s full-scale war in Ukraine, demonstrating extraordinary resilience and adaptability. Nearly 70% of member companies that participated in the survey have been operating in Ukraine for more than 20 years.

Nearly half of the responding companies (47%) reported that their plants, factories, facilities, warehouses, or offices sustained damage during the war. Among those that suffered damage, 46% fully repaired the damaged property, while 39% carried out partial repairs. The human toll on businesses was no less severe. Half of the companies surveyed (50%) reported cases of employees being wounded as a result of the war, and 37% noted that they had suffered employee fatalities.

Businesses remain closely tied to the country’s defense efforts. 87% of companies reported that some of their employees are currently serving in the Armed Forces of Ukraine. In addition, 60% of the surveyed companies are already hiring veterans.

71% of the surveyed companies have either already implemented comprehensive policies and