Hungary: effects of COVID-19 on small and medium enterprises 2020, by online presence

Published by Flora Medve, Jun 3, 2020
Small and medium-sized enterprises with a strong online presence did not suffer as drastic changes in turnover due to the coronavirus (COVID-19) outbreak as companies with a weaker online presence. During the 2020 pandemic, 52 percent of surveyed enterprises with a strong online presence reported having experienced a decrease in the company's turnover.

Effects of coronavirus (COVID-19) on small and medium-sized enterprises' turnover in 2020, by online presence*

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Source

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Release date

May 2020

Region

Hungary

Survey time period

May 2020

Number of respondents

500 respondents

Special properties

Companies

Method of interview

Online survey

Supplementary notes

* A company is considered to have a strong online presence if more than 30 percent of its turnover is generated online.

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