Most businesses in Budapest see bleak outlook


Fully 93% of businesses in the capital believe their outlook is bleak, according to a flash survey conducted by the Budapest Chamber of Industry and Commerce (BKIK) on the impact of the coronavirus crisis. The survey covered 1,895 Budapest-based companies, of which 83% are microbusinesses, 15% SMEs and 1% large companies. BKIK noted that one-third of the companies have their employees working from home, 19% have sent them on unpaid leave and 12% on paid leave.

The survey shows the ratio of home office work increases in proportion to the size of the company. Fully 80% of large companies have shifted to home-office work, while only 51% of small businesses have done so. Altogether 55% of medium-sized companies have home-office arrangements in place.

Only one-fifth of the companies had a contingency plan for such situations, but 34% of the remaining ones are now drawing up an emergency plan, and 15% are considering doing so. BKIK said 60% of the companies have experienced a decline in orders and 40% a drop in the number of guests, customers, consumers and clients.

In response to a question about what kind of help they would find useful under the circumstances, 40% of the companies said they would support the establishment of a fund to provide preferential credit or guarantees to companies to help them cope with temporary liquidity problems on condition that they maintain their headcount.



Iris Properties

Debrecen, Kassai út

36 m2 flat for rent
75 000 Ft

Debrecen, Kassai út

30 m2 flat for rent
75 000 Ft

Hajdúszoboszló, József Attila utca

30 m2 flat for rent
70 000 Ft

Debrecen, Rákóczi utca

70 m2 flat for rent
150 000 Ft

Leave a Reply

Your email address will not be published. Required fields are marked *