Most SMEs expect milder 4th wave of pandemic – K&H survey

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Some 76% of micro-, small and medium-sized businesses expect a milder wave of the pandemic in the remaining part of the year than in the spring and one-third do not reckon with another wave at all in its business plans, K&H Bank said on Wednesday, based on the results of a survey conducted in May-June 2021.

The survey found that four out of five companies have already reached their pre-crisis level of operation or are almost there. About 85% of agricultural businesses have already recovered while 22% of commercial and service companies are still in the early stages of restarting or cannot see when they can reach their pre-crisis performance.

They found that sales have been restructured the most over the past one and a half years, with 45% of SMEs reporting that they modified their processes. A similarly high percentage of companies had to reorganize production and 41% of interviewees said employment had also been transformed by the pandemic.

K&H Bank surveys 400 companies with annual revenue of under HUF 2 billion.

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