Main points
- Almost half of companies (47%) do not expect the war to end in 2026, while 76% plan to continue working in Ukraine regardless of the war.
- Business losses due to the war are increasing: 20% of companies lost more than $10 million.
Almost half of companies do not believe in the end of war in 2026 / Illustrative photo Getty Images
The media and some experts predicted the end of the war in 2026, but most Ukrainian businesses do not believe in such a development. Some companies may even leave the Ukrainian market if the fighting continues for a long time.
What does business think about the end of the war in Ukraine?
At the beginning of 2026, 76% of surveyed companies are operating at full capacity, while 24% are operating with certain restrictions, the EBA writes.
Almost half of them, namely 47%, do not expect the war to end in 2026. At the same time, 24% believe that hostilities may end this year, and 29% cannot answer this question. It became known whether companies will remain in Ukraine with such a development of events:
- Three-quarters, namely 76% of member companies of the European Business Association, will continue to operate in Ukraine, regardless of whether the war ends this year.
- Another 14% do not yet have a clear answer.
- 10% assume that if hostilities continue, they may reconsider their presence in the Ukrainian market.
What are the business losses from the war?
Business losses due to the war are increasing. As of early 2026, the following losses are known:
- 19% of companies – losses of up to $1 million;
- 25% of companies – losses of 1 – 10 million dollars;
- 20% of companies have losses of over $10 million.
At the same time, 11% of companies did not suffer any losses, while a quarter of respondents cannot yet accurately estimate them.
Losses of Ukrainian business
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Over 400 Nova Poshta branches and terminals were damaged or destroyed during the 3-year full-scale invasion. The cost of restoring the property of the NOVA group of companies that was damaged as a result of attacks or hostilities in 2025 amounted to 379 million hryvnias.
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Since the start of the full-scale invasion, 8 Epicenter shopping centers have been completely destroyed. Thus, as of spring 2025, the company's total losses as a result of the full-scale war amounted to over $1 billion.
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Ukrposhta lost over $60 million in assets due to destroyed branches, vehicles, and other infrastructure, as well as over 45 employees.