In order to measure the impact of the restraining measures against COVID19 pandemic on the private sector, five organizations representing the interests of the private sector, Kosovo Chamber of Commerce, American Chamber of Commerce in Kosovo, German-Kosovo Chamber of Commerce, European Investors Council and Kosovo Manufacturing Club, have conducted a joint survey, the results of which have been distributed today to the institutions of Republic of Kosovo and international financial institutions.
According to this survey, the data of which were analyzed by Recura Financials, and which was conducted with 462 businesses in the beginning of April, 95% of surveyed enterprises perceive the COVID19 crisis as a negative one, whereby over half of them perceive it as very negative. There is also a high percentage of those who have reported drop in sales, whereby over 92% of them have experienced reduced sales as a result of restraining measures, 48% of which have experienced a drop exceeding 75%, while the quarter of respondents have reported reduced sales of over 50%.
For more on the findings of the study, please click the pdf file for the full report.
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RECURA
RECURA Financials is a Kosovan advisory services provider focusing on providing business, financial and management consultancy in Kosovo, Albania and Macedonia.