Communication industry will see decrease in turnover

Published: 14.04.2020 Related countries:  India India

The communication industry expects a decrease by 50 %

Due to the coronavirus outbreak, the communication industry

 

expects a decrease in its turnover by up to 50%, e. by CZK 85bn.

 

This will mean an outage of tax income for the state of over CZK

 

12bn only from end entities. This was agreed by ten associations

 

active in the segment. Their announcement was published by the

 

Association of Communication Agencies. The professional

 

associations expect a decrease in the number of jobs by 25% and

 

a decrease in the segment of self-employers by up to 40% from

 

about 100,000 people. This will cause another outage for the state

 

at nearly CZK 5bn a year.

 

Source: www.cianews.cz

Zpracoval kolektiv pracovníků zahraniční kanceláře CzechTrade Bengalúru.