Business is losing revenue: what will change in the work of companies

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38% of entrepreneurs will need one year to achieve pre-quarantine pace of development

Ukrainian business is losing revenue: what will change in companies’ work. Photo: Pixabay.com

One-third of Ukraine’s micro and small entrepreneurs lost more than half of their income – from 55 to 75%. This is evidenced by a survey by the European Business Association (EBA), in which 111 member companies of the association participated.

According to the EBA, according to a study conducted from May 15 to 21, 44% lost up to 50% of their income, another 7% are considering an option to close the company, and only 14% have their own There was no change in work or income also increased.

What period do companies plan for Reach pre-quarantine pace of development:

38% of entrepreneurs will need one year
25% – Two or more years
19% – about six months

However, only 3% reported that their level of business growth had not changed. In recovery of companies according to business Such support measures from the state can help:

  1. Reduce tax burden on payroll funds
  2. Providing a cheaper credit resource
  3. Elimination of penalties for tax violation before the end of the year

At the same time, more than half of the companies (60%) consider the option of full or partial transition to remote or shift work, with 54% saying they resume their offline work during May – June.


Elena Iro
Project Manager Unilit Ukraine

How quarantine affected pay:

48% of the respondents were able to keep their salaries unchanged
29% noted a reduction in pay,
19% of workers sent on unpaid leave

At the same time, only 59% of respondents kept employees unchanged, 33% said they would have to reduce their workforce, and 6% were looking for new employees.

Paypal magazine help

Earlier, we wrote that the Office of the National Investment Council has named the most promising sectors of the economy for investment. They became: food production; Textile production; Manufacturing garment wear; Production of pharmaceutical products; Manufacturing computer, electronic and optical products; Manufacture of electrical equipment and furniture; Enterprises for cultivation of annual and biennial crops; Telecommunications Enterprises (Telecommunications); Enterprises engaged in computer programming and related consulting.

Read:
How to Quarantine and Optimize Ads on Google Advertising: 10 NetPack Recommendations
Innovation, Technology and Crazy Discounts: How to Quarantine a Business


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