Impact study: Challenges facing small businesses due to COVID-19 pandemic
November 6, 2020

Impact study: Challenges facing small businesses due to COVID-19 pandemic


The European Fund for Southeast Europe (EFSE) has conducted an impact study to learn more about the current challenges facing micro and small enterprises (MSEs) due to the COVID-19 crisis. The findings are being applied toward targeted measures to respond to the needs of MSEs. The study was conducted by the EFSE Development Facility from 15–31 May 2020 in Serbia, Turkey, Georgia, and Bosnia and Herzegovina, with a sample of over 2,800 entrepreneurs from urban and rural areas.

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