CRIF: Measures against coronavirus hit up to 34% of firms

Published: 21.04.2020 Related countries:  Japan Japan

Government measures against the spread of the coronavirus directly affected up to 34% of companies (up to 127,000) and the same percentage of natural persons-entrepreneurs (up to 299,000).

The worst affected region is the Karlovy Vary Region, where the measures possibly affected up to 44% of enterprises and 42% of entrepreneurs. This stems from the data published by CRIF - Czech Credit Bureau. Jan Cikler, head of the Cribis application’s data department, said that the smallest companies with an annual turnover of up to CZK 1m were hit hardest. These include, but are not limited to, retailers, entrepreneurs in accommodation and catering, and operators of sports activities.