The impacts of Covid-19 on Croatian businesses are significant and wide ranging. These include:
A key feature of the current pandemic is its evolving nature and implied uncertainty from a business perspective. Certain sectors are being impacted disproportionally, such as Tourism & Hospitality, with the closure of many businesses in the short term. The duration of the most significant impact on businesses will vary, as will the nature of the impact.
While there are an increasing number of financial supports available for businesses, the extent of the challenges for some businesses may impact on the viability or solvency of the business. It is expected that there will be an increase in challenged loan positions and consequently the requirement for IBR’s.
Below you can read who and when should consider independent business review!
Mazars_Independent Business Review
Want to know more?
Andrija Garofulić Partner, Financial Advisory - Zagreb