Business news from Ukraine

Business news from Ukraine

BUSINESS PROJECTS UAH 29/$1 IN UKRAINE IN 2021

Ukrainian business has projected the cost of currency for 2021 at the level of UAH 29/$1, according to the Global Outlook study conducted by the European Business Association (EBA).
“They are projecting UAH 29/$1 in 2021,” EBA Executive Director Anna Derevyanko said, presenting the research results in Kyiv on Tuesday.
At the same time, 60% of the companies surveyed plan to leave the staff in the current composition, some 28% want to expand it, 12% – to reduce. At the same time, 54% plan to increase salaries for their employees.
Derevyanko said that the study showed that the need for judicial reform first topped the demands of business on the government, leaving the fight against corruption in second place. The need for political stability and good governance was third.
According to Derevyanko, 60% of the representatives of EBA member companies surveyed in the study have positive expectations regarding business growth in 2021, but last year there were 77% of them, and in 2018 there were 75%.
In terms of income growth expectations, 37% of those surveyed expect 10% income growth, and 28% project 10-20% growth.