KYIV, March 30 - The European Business Association (EBA) polled 95 member companies of the association, 34% of them estimated their losses during the month of the war at more than $1 million, 13% - from $500,000 to $1 million, 14% - up to $100,000, the EBA said in a release.

"To stay afloat, 68% of companies cut costs, 44% seek debt repayment from customers or partners, 35% relocate businesses, and 13% launch new business lines. Every fourth company, namely 25%, reorients their activities to humanitarian needs, and 13% – to the needs of the army. To continue their business, 23% are looking for clients in foreign markets, and 15% are looking for funding. Meanwhile, 9% of businesses are forced to reduce staff, and 8% report that they cannot keep their business afloat," the report says.

"According to the survey, businesses consider the following 7 problems as the gravest now in order of priority: difficulties with logistics, problems with the supply of goods, frozen contracts with foreign and local clients, the low purchasing power of the population, damaged facilities, assets, infrastructure, lack of financial resources and investments, lack of raw materials," according to the document. (om/ez)