In the first quarter of 2025, the business expectations of Ukrainian enterprises significantly improved. According to the Business Expectations Index, its value increased to 108.2% compared to 101.8% at the end of 2024. At the same time, the National Bank of Ukraine notes that military actions and their consequences continue to be the most significant factor affecting enterprises’ ability to increase production volumes. The growing issue of a shortage of skilled workers deserves special attention — over two years, this indicator has risen by 150%.
This is reported by Business • Media
Respondents from 13 regions and representatives from various sectors of the economy have improved their assessments regarding the production of goods and services in Ukraine. The balance of responses was +15.6%, which is significantly higher than the previous quarter’s figure of -1.4%. Positive sentiments were also recorded regarding the financial and economic development of their own enterprises for the upcoming year: the balance of responses stands at +4.7%, whereas it was previously -1.2%.
Dynamics of Business Activity and Major Obstacles for Business
According to the Institute for Economic Research and Political Consultations, the business activity recovery index rose from a zero level in February to 0.12 in March. Meanwhile, the main obstacle to conducting business remains the shortage of labor — this issue was reported by 65% of enterprises. The second most significant challenge was safety concerns at work, noted by 53% of companies. The third place is occupied by rising prices for raw materials, materials, and goods — this problem was mentioned by 48% of respondents. According to the data, in 2024, 45% of businesses made investments, and in 2025, 35% of enterprises plan to invest.
“After several difficult years, Ukrainian enterprises are focused on recovery and development, despite the challenges of war and economic instability,” experts note.