Teleworking and reduced working hours may remain for SMEs
Photo by Jacob Lund / Shutterstock.com
Among the measures introduced due to the coronavirus epidemic, reduced working hours and the home office proved to be effective for many companies, so they may remain in the future, according to a survey conducted by K&H Bank in June, writes novekedes.hu.
Photo by Jacob Lund/Shutterstock.com
The survey was conducted by the bank among its own micro-SME customers, with the aim of assessing the economic consequences of the coronavirus epidemic in the SME sector.
According to their April survey, half of Hungarian SMEs were moderately affected and 44% were heavily affected by the coronavirus, while operating conditions remained unchanged for a negligible proportion.
The latest research, repeated in June, found that 44%of domestic small and medium-sized enterprises are already optimistic about the future and expect to close the year with a profit. And more than a third of respondents are not yet sure how their earnings will develop this year, the economic website adds.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.