Accounting, Payroll, Tax & Legal since 1989

EBA surveys businesses´ reaction to additional 30-day quarantine

As we informed earlier, the Ukrainian government decided to extend the quarantine in Ukraine to 24.4 and introduced a nationwide emergency. The European Business Association in Ukraine conducted a survey to measure businesses´ reaction to these measure.

The results show that 48% of member companies have already incurred 20-50 % revenue losses. 16% have made changes in employee salaries, and 14 % have cut staff. The survey indicates that the reaction to further measures will be more of the same: 23 % will reduce salaries, 17 % staff, and 6 % to close their business. 23 % of respondents did not have any plans for downsizing and 31 % will search for new niches for their business.

The current estimates tell that the quarantine measures will make a 4 % dent to the Ukrainian GDP.


27.03.20


Latest articles

22

Feb

Introduction to Estonia

16

Jun

Ukraine moves to electronic records of labor activity...

31

May

Ukraine government services to become paperless in 2021,...

Contact

Email again:
Services