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Research: Most Small and Micro-business Companies Expect to Reach Pre-crisis Indicators within Six Months
5.05.2020 13:10
Research: Most Small and Micro-business Companies Expect to Reach Pre-crisis Indicators within Six Months
(Source: http://mbgazeta.ru/news)

Most small and micro-business companies - more than 70% - expect to return to their pre-crisis profit figures within six months after the lifting of restrictive measures, TASS reports citing a study by Magram Market Research.

      To reach the usual  profit margins after the abolition of the self-isolation regime, 17% of companies will need no more than one month, while 27% - about one quarter, and 27% will need about six months. Another 16% of businessmen believe that they will need a year or more to recover. Another 3% of respondents said that their business is unlikely to recover from quarantine and, most likely, will be closed.

      Only 20% of companies can work at full strength in the face of restrictive measures - their employees continue to work normally, but from home. 37% of enterprises had to completely suspend operations.

      




Author: Anna Dorozhkina

Tags: Russian business coronavirus    

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