In Q2 of 2025, compared to Q1 of 2025, the share of surveyed companies claiming that there are factors hindering their business activity decreased by 7 percentage points, - according to the BAG Index.
As of the report, in Q2 of 2025, the following five factors were emphasized as the most hindering for business activity: lack of specialist, legal and administrative barriers, labor shortage, volatility of national currency exchange rate, and week demand.
By sector and enterprise size, in the second quarter of 2025:
- The lack of specialists is most hindering in the construction sector (88%) and medium-sized companies (37%).
- Legal and administrative barriers almost equally affect companies of all sizes, especially the construction sector (63%).
- The lack of labor force is most acute in the construction sector (75%), and is equally problematic for small and medium companies (26-28%).
- The volatility of the national currency exchange rate is especially problematic in the trade sector (47%) and for small businesses (28%).
- The lack of demand is most hindering in the manufacturing sector (50%), although this problem is not observed at all in the construction sector.
In Q2 of 2025, compared to the previous quarter, among the factors hindering business activity, the share of companies citing the lack of specialists and the legal and administrative barriers increased the most (by 8 percentage points). Meanwhile, the share of companies citing the volatility of national currency exchange rate decreased the most (by 29 percentage points).
