Six out of 10 businesses face liquidity issues, with only enough cash reserves to continue operating for less than six months, while three in 10 have zero cash reserves and only 15 pct sufficient liquidity to last more than a year, according to a survey conducted by Endeavor Greece on May 25-27 regarding the impact on SMEs of the temporary restrictions to limit the spread of Covid-19, ANA reports.
According to the results, half of the companies had stopped all or part of their commercial activity during the last two months and 57 pct of businesses saw a drop in their annual revenue, with 17 pct reporting a 60-100 pct drop. However, 24 pct of participants showed growth during the same period.
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