Most companies won't survive the summer without state help

The coronavirus crisis will significantly impact the financial results of companies, the recent AmCham poll showed.

Illustrative stock photoIllustrative stock photo (Source: TASR)

The most important measures to help an economy suffering from the coronavirus pandemic should be of a fiscal and employment nature.

This stems from a poll carried out by the American Chamber of Commerce (AmCham) in Slovakia among 54 CEOs of its member companies between March 19 and 26.

They mostly called for reducing payroll tax or postponing its due date, delaying the due date for corporate income tax and VAT deposits, increasing the Labour Code flexibility, reducing red tape, and making e-communication with public institutions work better.

Companies expect drop in revenues

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Top stories

Illustrative stock photo

Applause for frontline workers replaced with salary freeze

Regional hygienists, nursing homes employees, teachers and soldiers will all be affected.


19 h

News digest: Travelling on All Saints’ Day should not be restricted

Salaries of frontline workers will be frozen. Slovakia records a new record in daily caseload. Meteorologists warn of strong wind.


18 h
Protests from November 2020

Extremists benefit from radical narratives spread by some Slovak politicians

It’s not only the far right that is behind extremist narratives in Slovakia – something which risks normalising such views and making them mainstream.


20. okt
Skryť Close ad