Assessing the impact of COVID-19 on economies and sectors
Governments need to understand the impact to take effective measures. We are working with international institutions to help gather this information.
The COVID-19 outbreak has put a new spotlight on governments as citizens and businesses turn to their representatives for assistance, guidance and information. In order for governments and public sector institutions to take effective measures to minimise the economic impacts of the pandemic, they need to assess the situation and the scale of difficulties to determine where support is needed.
This is particularly important for governments in Central and Eastern Europe, who have focused on the region’s transformation over the past 30 years.
PwC is proud to have been engaged by governments and other institutions across our region to help conduct a number of surveys and gather information to assess the impact of COVID-19 and understand the implications for this transformation.
Georgian business in the face of the COVID-19 pandemic
A survey of businesses by PwC Georgia and the Investors Council reveals that a decrease in demand is the most significant side effect of COVID-19 among all sectors. The study was conducted from 16-27 April through an online survey and generated 1,938 responses.
The survey studied the impact of COVID-19 on the Georgian economy and business sector. Decrease in demand meaningfully affected the revenues of the surveyed companies, which have already dropped by more than half for 65% of respondents. Accomodation and food service companies were affected the most, with more than 75% of the sector experiencing significant revenue reduction.
Download the report for more information on the “first" reactions of businesses in Georgia to the pandemic situation.
Polish micro, small and medium-sized enterprises in the face of the COVID-19 pandemic
A survey by PwC Poland, SpotData and CBM Indicador, looked at the impact of the COVID-19 pandemic on the operation and condition of Polish micro, small and medium-sized enterprises. The survey interviewed 756 businesses between 24 March and 2 April 2020.
The study found that 36% of micro, small and medium-sized companies will only maintain financial liquidity and be able to pay liabilities to contractors and employees for no more than three months. Half of the enterprises from the industrial sector, for example, have already reduced employment.
Download the report for more information on the potential business disruptions and concerns of Polish micro, small and medium-sized enterprises in the face of the COVID-19 pandemic.
The COVID-19 pandemic’s impact on the activity of Moldovan companies: reality, expectations and actions
With methodological support from PwC Moldova, a survey by the American Chamber of Commerce (AmCham) Moldova aimed to deliver updated information about the impact of the COVID-19 pandemic on Moldova’s business environment. The survey was conducted between 30 March and 6 April 2020 based on the data provided by 315 companies.
The survey found that the decrease in demand for goods and services, and the legal restrictions put on certain activities are having the largest negative impact on companies’ activities across industries. Looking ahead, 87% of respondents anticipate that the lack of working capital will cause the biggest challenge.
Download the report for more information on how companies in Moldova have been affected, have responded and plan to respond to the COVID-19 pandemic, by industry.
