In Ukraine, the number of non-operating small and medium businesses reduced from 42% to 26% — survey
The number of non-working representatives of small and medium-sized businesses decreased from 42% to 26% over the month, the European Business Association (EBA) reported with reference to the second wave of a survey conducted from April 14 to April 20, 2022, among 162 individual entrepreneurs participating.
The vast majority of SME entrepreneurs, namely 71% did not transport their office or production anywhere, only 11% relocated to the west of Ukraine, and 4% — abroad. Some entrepreneurs also reported a relocation to the central regions of Ukraine.
Almost all businesses reported on the war-induced losses, with 40% of businesses estimating them at up to $10,000, 28% — within the range of $10,000-50,000, 15% — more than $100,000. On particular, 20% of the surveyed businesses lost property or assets directly resulting from hostilities. “The estimated total amount of damage caused to entrepreneurs participating in our survey is about $2 million,” the EBA said.
