Business News

Survey Shows Major Drop in Revenue for a Third of Companies

Ljubljana, 02 March (STA) - A survey on liquidity, conducted in February by the Slovenian Chamber of Commerce and Industry (GZS), shows that 29% of Slovenian companies recorded a more than 30% drop in revenue in 2009 over the year before.

On the other hand, a quarter of the companies turned the crisis to their advantage, as 20% increased revenue by up to 20%, and 5% even by 20%-30%, suggests the survey presented at GZS on Tuesday as part of a debate on liquidity.

When is comes to the volume of orders compared to September 2009, the situation is worse on the domestic market than on markets abroad.

At home, orders are up for 17% of companies and down for 43%. Abroad, an increase has been recorded by 24%, while foreign orders are down for 19%.

Access to loans has improved since September last year, GZS executive director for legislation and policies Alenka Avbersek noted.

On the other hand, "liquidity is deteriorating dramatically, especially for SMEs". "Even more exposed are all companies that are indirectly or directly involved in construction," Avbersek summed up for STA.

"Unfortunately, the government has not responded even in segments where it could have and where it was in a position to contribute by paying bills being a good manager of public contracts," she added.

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