The financial stability of businesses has slightly improved.
Monday, August 15, 2022

The financial stability of businesses has slightly improved.

The number of companies that claim that their monetary reserves are sufficient for a period of more than a year has increased from 19% to 30% since May, the EBA reported. Currently, 30% of companies claim that their financial reserves will be enough for more than a year, while in May, it was 19%. Namely, 48%, assess their financial stability to be enough for half a year, and another 16% claim reserves sufficient for a year. Of them, 49% have fully resumed their activities, and 51% have partially resumed. Among the companies operating at less than full operation, 44% had to reduce the geographic area of their activities, 20% had to close some of the offices or retail outlets, and 18% had to switch to online operation. Unfortunately, business continues to experience losses with each day of the war. Thus, in five months of Russian aggression, 41% of companies suffered losses of up to $1M, 32% estimated losses in the range of $1-$10M, and 18% reported losses of more than $10M.

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