What do Albanian businesses want? – Balkan Barometer: 81% want liquidity from the government – Albanian businesses are the most pessimistic of the region
“Balkan Barometer 2020” published by the Regional Cooperation Council (RCC) reflects not only the situation in which Albanian business finds itself during the severe crisis that has hit the country and the world, but also enables a comparison between countries in the region. The barometer also answers the question of what Albanian businesses need most in this period; liquidity. About 81% of Albanian businesses surveyed say they need liquidity when asked what the main measures they require from the government are.
This rate is the highest among all other countries in the Western Balkans, and is the main demand of Albanian businesses. Their second demand, at 63%, is the postpone of taxes. This is the second highest rate in the region after Kosovo. The third requirement, meanwhile, is the temporary reduction of the payment of social contributions to employees, as well as that of individual contributions. Then follow: direct access to borrowing and direct subsidies. In the last place is the request for reduction of penalties for non-payment of installments. Another clue, meanwhile, is worrying.
Only 4% of Albanian businesses think they have the financial resources to continue operating after the crisis. This is the lowest rate in the Western Balkans. A quarter of businesses, meanwhile, about 23%, think the situation will return to normal after more than a year. This is the highest rate among countries in the region. 69% of businesses surveyed meanwhile, say that the Albanian economy will need up to 2 years to recover from this crisis. This is also the highest rate among countries in the region.
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