Page 47 - UKRRptDec23

4.3 Fixed investment
4.4 Corporate dynamics
Despite the war, over 75% of Ukrainian companies have returned to full-time work. In October 2023, 77% of EBA member companies declared that they were operating at full capacity. The number of businesses that say they have limited operations due to the war has fallen from 53% in October 2022 to 23%. The number of companies fully meeting their wage payment obligations remained consistently high in 2023. Their number increased from 89% at the beginning of the year to 93% in October. At the same time, 14% pay bonuses or advance payments to employees. Corporate financial stability also remain stable during 2023. Currently, 48% of surveyed companies have a financial cushion for more than a year, 11% for a year, 28% for six months, and 3% for several months. Only 2% of businesses lack any financial reserves. For 39% of respondents, their business losses from the war at the end of 2023 reached $1M, 32% with losses in the $1-10M range, and 14% had more than $10M in losses.
The number of Ukrainian enterprises operating at full capacity has increased, but business optimism is not growing. Ukrainian businesses’ optimism is relatively high, but in recent months it has stopped growing, according to the monthly study from the Institute of Economic Research. There is optimism in the business community in the three and six-month perspective, but there is some uncertainty regarding further attacks on Ukraine's infrastructure. So far, this factor has had a minor effect, and the growth of uncertainty in the short term is not yet significant. In terms of production, reported uncertainty went from 9% in September to 12% in October, and in
47 UKRAINE Country Report December 2023 www.intellinews.com