Ovidiu Ghiman, Telekom Romania: “For 63 percent of companies, the biggest cause of stress is represented by the imminent economic crisis”

The general attitude of the entrepreneurs is rather pessimistic, with a plus in the case of the average companies, after most of the companies were forced by the situation to close their activity, reveals a study of the marketing research agency ISRA, made at the request of Telekom Romania.

For 63 percent of companies, the biggest cause of stress is represented by the imminent economic crisis, according to Ovidiu Ghiman, the Executive Director of Commercial Business Segment, Telekom Romania. At the same time, the financial impact and the decrease of the level of activity represent the main problems that companies face: 79 percent experience liquidity problems, 74 percent register canceled projects or orders, 50 percent expect late payments from customers, while 43 percent have stated that they have difficulties in covering salaries.

The companies that replied to the questionnaire acknowledge that the impact of the pandemic has been generalized and not just on their business, given that there is an interdependence between them and their suppliers.

Some of the entrepreneurs did not imagine that their business (urban transportation, construction, window assembly, furniture trade) could continue without face-to-face interaction, but now they are able to communicate very well online with employees and to ensure business continuity. On the other hand, those who were forced to suspend their activity, are planning to return to the actual business immediately after the end of the emergency, most estimating June.