80% of Companies Suffering Losses Because of Coronavirus  | Beta Briefing

80% of Companies Suffering Losses Because of Coronavirus 

Source: Beta/Poslovni dnevnik
SEE Business / Croatia | 18.03.20 | access_time 09:29

Photo: Pixabay

The impact of the coronavirus epidemic on business operations has been felt by 80% of domestic companies, which is an increase of 13 percentage points in just 16 days, the Croatian Chamber of Commerce (HGK) said on March 17, citing its latest survey. 

Almost 60% of companies said that they have so far recorded losses of up to HRK 500,000, which is an increase of 5 percentage points compared to the previous survey, and if the situation continues, 11% of them expect losses of more than HRK 1 million, writes Poslovni dnevnik. 

"Tourism, agriculture and transport continue to be the most affected sectors and as a result of the decision to cancel all large gatherings, the arts, entertainment and recreation are now among the most jeopardised activities," HGK president Luka Burilović said. 

It is particularly concerning that 6% of micro companies and 3% of large companies estimate that they will have to close down if the situation continues like this for another month, he added.

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