The Impact of COVID-19 Outbreak on Performance of Small and Medium Enterprises in Kosovo
The Impact of COVID-19 Outbreak on Performance of Small and Medium Enterprises in Kosovo

Summary/Abstract: The pandemic situation caused by coronavirus disease (COVID-19) has affected the global and Kosovo economy. Because of the restricted measures applied to prevent the spread of the virus, SMEs have faced worsening financial results. The article aims to assess the impact of the COVID-19outbreak on these businesses and provide policy recommendations to help reduce business losses and survive through the crisis. We have adopted an explanatory methodology for comprehensively reviewing the available literature, including policy documents, research papers, and reports in the relevant field. To add empirical evidence, we collected data from 70 Kosovo’ SMEs by administrating an online questionnaire. Based on the study findings, the financial results deteriorated, and the drop in output and liquidity obstacles are not statistically significant. We recommend different policies to ease the adverse effects, although our suggestions may not be sufficient to help SMEs go through the ongoing crisis.

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