This market exercise in which over 100 local businesses participated, was carried out during January 2020 and hence does not feature any implications emanating from the COVID-19 pandemic.
The most noteworthy results refer to the considerable number of business who experienced a drop in business during December 2019 when compared to the prior year – a consequence of the political turmoil experienced in the country, and also the encouraging number of businesses which have stated that in the light of decreasing profitability margins, they would consider plans for merging operations with a peer company.
The prospect of listing in the stock exchange has been downplayed by all the respondents in the barometer. Costs considerations always top the list of the reasons why companies do not seek alternative growth strategies.
Discover the full results of the barometer:
