Gambling and betting houses to suffer the biggest losses

Economics and politics

Gambling and betting houses to suffer the biggest losses

25. 03. 2020 14:52

About 15,660 businesses in Slovakia with a combined turnover of €8.771 billion are directly endangered by state measures adopted to combat the spread of the new coronavirus, with the worst losses to be accrued by gambling houses, betting shops, transport firms, travel agencies, hotels and restaurants, according to an analysis released by FinStat on Tuesday. In worst jeopardy are pubs and restaurants, run by 3,933 firms, all of which are currently closed. Most of the companies (4,339) are headquartered in Bratislava where their annual turnover amounts to €5.5 billion.

The Slovak economy may face a temporary sharp drop of between 4.5% and 9.4% this year due to the current coronavirus pandemic, with the recession likely to deprive 75,000-130,000 people of work temporarily, according to potential scenarios for economic development released by the Slovak Central Bank (NBS) on Tuesday.

Information released by the NBS on the potential scenarios for economic development in Slovakia can be found in this article.

 

Romana Grajcarová, Photo: AP/TASR

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