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year. Expectations for further demand growth in growth over the same period was noted by 38%
the near term remain high at 71%, compared to of industrial enterprises versus 36% in January
68% a year earlier. last year. Meanwhile, employment expansion
plans strengthened — 69% of entrepreneurs
In the services sector, the business climate expect to increase their workforce in the next
increased by 25% compared to January last three months, compared to 62% a year earlier.
year, reaching 65 points versus 52 points a year Barriers to Entrepreneurial Activity
earlier.
According to the survey, more than half (57%) of
Growth was driven by a gradual improvement in entrepreneurs see no barriers in their activities.
current business conditions. Current assessments Among the problems cited, the most frequent
in services rose by 18% to 52 points. At the same are taxation (11%), utilities (9%), and access to
time, a more pronounced increase was observed credit (8%).
in the expectations component, which grew
by 32% to 79 points, indicating a substantial CERR Sector for the Study of Sectoral
strengthening of companies’ confidence in Competitiveness and Investment Activity
short-term prospects. Tel: (78) 150 02 02 (441)
CERR Public Relations and Media Sector
70% of entrepreneurs expect demand for their Tel: (78) 150 02 02 (417)
services to grow over the next three months,
compared to 58% in January 2025. The share of
enterprises expecting to increase employment in
the coming quarter amounted to 61%, up from
54% a year earlier.
In the construction sector, the business climate
increased by 13% to 61 points, compared to
54 points a year earlier. The current situation
indicator improved by 43% to 57 points.
Expectations were formed at the level of 66
points, showing a decline of 4%.

38% of respondents reported that business
conditions in construction had improved over
the past three months, compared to 35% a
year earlier. The share of enterprises reporting
workforce growth rose to 38% from 22% a year
earlier. Expectations of demand growth over the
next three months were expressed by 77% of
entrepreneurs, compared to 61% in January last
year.

In industry, the business climate slightly declined
by 5% compared to last year, while remaining at
a sufficiently high level of 54 points.
At the same time, optimism among industrial
enterprises remains steadily high. In January,
expectations increased by 10%, reaching 78
points, indicating a continued positive outlook
regarding development prospects.

According to the survey, the share of respondents
reporting an improvement in business
conditions over the past three months reached
32%, compared to 30% a year earlier. Demand

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