COVID-19 impact on MSEs
May 7, 2021

COVID-19 impact on MSEs

The European Fund for Southeast Europe (EFSE) conducted an impact study to learn more about and respond to the challenges and needs of micro and small enterprises (MSEs) dealing with the impact of the COVID-19 crisis and the first lockdown. Georgia is among countries selected for the survey. The study shows that particularly in Georgia (80%), adapting the business model is the single most cited strategy out of the crisis. However, 75% of Georgian businesses plan to reduce their operational costs, and 60% say they will ask for a loan reschedule and 4 % will ask for new loans.



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