As we informed
earlier, the Ukrainian government decided to extend the quarantine in Ukraine
to 24.4 and introduced a nationwide emergency. The European Business
Association in Ukraine conducted a survey to measure businesses´ reaction to
The results show that
48% of member companies have already incurred 20-50 % revenue losses. 16% have
made changes in employee salaries, and 14 % have cut staff. The survey
indicates that the reaction to further measures will be more of the same: 23 %
will reduce salaries, 17 % staff, and 6 % to close their business. 23 % of
respondents did not have any plans for downsizing and 31 % will search for new
niches for their business.
The current estimates tell that the quarantine measures will make a 4 % dent to the Ukrainian GDP.
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