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Coronavirus-induced crisis hits 95% of Croatian companies - survey

Coronavirus-induced crisis hits 95% of Croatian companies - survey Photo: ImageJuicy

ZAGREB (Croatia), March 26 (SeeNews)  - The turnover of 95% of Croatian companies has shrunk due to the outbreak of the coronavirus disease (COVID-19), the country's Chamber of Commerce said quoting the results of a recent survey.

As many as 28% of Croatian companies saw their turnover reach freezing point, the chamber said in a press release on Wednesday quoting the results of a survey among more than 2,700 firms.

A total of 74% of the surveyed companies reported a decrease in production, as 21% completely halted production. As many as 69% had problems with raw material supply firms and 61% had issues with supply chains. Exports were down for 45% of the companies and 41% registered a decline in imports.

As a result of the crisis, 42% of the companies said they are considering layoffs and 37% are contemplating closing business. 

At the same time, 27% have problems caused by employees' sick leaves and self-isolation. 

A total of 50% of the companies said they are considering applying for assistance under the government's programme for keeping jobs in the crisis-affected sectors, 35% are interested in taking a soft loan, and 32% are interested in benefitting from the loan repayment moratorium. 

Most of the surveyed companies come from the manufacturing and service industry, followed by trade, transport, construction, and the tourism industry. 

 

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