The impact of covid-19 on economic aspects of business enterprises: The case of kosovo

Abstract

Apart from causing a global pandemic, COVID-19 has also affected many industries worldwide, causing the economic position of businesses to weaken. This study provides an empirical assessment of the impact of COVID-19 on the economic position of micro, small, medi-um, and large business enterprises in Kosovo. While COVID-19 has been detrimental to many businesses, many of them have adapted to the possibilities, created by the new situation. Our findings indicate that almost all enterprises have reported a financial loss, and more than one-third have laid off employees. More than one-half of the enterprises have changed product delivery methods, and more than one-third have reorga-nized and changed their organizational structure. Meanwhile, around one-sixth of enterprises have changed their primary activity and have decla-red the need for new employees. Furthermore, surveyed enterprises have reported issues in re-taining applicable contracts, supply of materials, trust in supply chain partners, and product place-ment, among others.