“Businesses in most sectors of Ukraine expect a reduction in workers, but some industries, in particular energy and water supply, are planning to hire. The worst forecasts are in the mining industry, while other companies are partially restoring the workforce. Along with personnel plans, companies change their financial strategies and carefully invest in development and technology. This is stated in the forecast from the National Bank of Ukraine. ”, — write on: ua.news
Businesses in most sectors of Ukraine expect a reduction in workers, but some industries, in particular energy and water supply, are planning to hire. The worst forecasts are in the mining industry, while other companies are partially restoring the workforce. Along with personnel plans, companies change their financial strategies and carefully invest in development and technology. PThis is stated in the forecast from National Bank of Ukraine.
“Pessimism in the labor market has slightly decreased, but the overall picture remains negative,” the National Bank of Ukraine forecast says. Companies have become a little more relaxed about future headcount estimates, but are still more likely to prepare for layoffs than for hiring.
“First of all, energy and water supply enterprises, as well as some companies from other fields, are planning to increase the staff,” experts note. Instead, expectations of reductions prevail in agriculture, industry, construction, trade, transport and communication. The situation is particularly difficult in the mining industry, where the most reductions are predicted.
Against the background of careful personnel plans, the business is also revising its financial strategies. The need for borrowed funds is decreasing: fewer and fewer companies are experiencing an acute shortage of financing for current operations. At the same time, interest in bank loans for the development or renewal of equipment is growing.
“Business prefers loans in the national currency to minimize currency risks,” financiers explain. High interest rates remain a constraint, but collateral requirements no longer hold back loans as much as they once did. Some companies are actively using alternative sources of financing, and a small but growing number are planning to raise funds abroad.
Business investment plans are also changing. Companies are more willing to invest in machines, equipment and inventory. In contrast, investment in construction work remains under pressure and is again declining. “According to the calculations of the National Bank, energy and water supply, processing industry, and construction enterprises have the best forecasts for development,” experts note. In the mining industry, they are calmer and do not expect either growth or decline.
In general, business has learned to work in conditions of uncertainty. Companies do not expect a quick breakthrough, but gradually plan development, investment and careful changes in the labor market.
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