According to a survey conducted by the Union of Albanian Manufacturers (published on Monitor.al) conducted by 90 companies, (mostly VIP and large businesses), most businesses can withstand a maximum of one month and then forced to surrender.
Most of the companies surveyed reported having problems with supply, falling orders from partners and consequently reduced sales and revenue. All of these have created major liquidity problems, making it impossible for both the state and its employees to pay their salaries.
The survey was carried out by 90 companies, members of the Association of Manufacturers' Union, which operate in four main macrosectors: "Drinking Food", "Building Materials", "Textiles and Shoes", "Recycling, Metalworking, Plastic, cardboard and wood. " 73% of them have export activity. 27% of them are VIP businesses, 45% are big business and 28% are medium business.
About 61% of firms said sales dropped more than 50% in March, and 5% of businesses reported having no sales at all. Expectations for April are even more pessimistic.
Paying employees salaries is another big problem. 63% of the respondents stated that they can afford their salaries for one month (March), while 18% stated that they cannot pay even March.
It is a very small fraction, 8%, of respondents who can pay employees for more than two months, if the situation continues the same.
70% of respondents said they are planning a layoff. The majority of those who reported layoffs plan to cut 50-90% of staff (57%), while 11% report that they will not keep staff at all.
Not only about salaries, businesses report that they cannot afford to pay taxes either. 77% of respondents said that they do not have sufficient liquidity to pay their liabilities to the state.
How long can a business survive if this situation continues?
64% of respondents said they can keep their activity open for another month, while 13% said they can resist for more than 3 months.
