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One in five firms expects to permanently cut staff numbers, EIB survey finds


More than half of firms in Malta say they will invest less as a result of the COVID-19 pandemic, with around one-third delaying or cancelling planned investments, a European Investment Bank survey has found.
The EIB survey was carried out between May and August 2020.
It found that the most frequently mentioned long-term impact of COVID-19 on firms in Malta was the increased use of digital technologies (46%), especially within the construction and infrastructure sectors.
Those sectors also reported greater financing constraints, together with micro-companies, than other sectors.
As was the case across Europe, firms in Malta reported a dramatic increase in pessimism about the economic climate, finance availability and business prospects in their sector. Smaller firms are more pessimistic than larger firms about the availability of external finance and the regulatory climate. ....

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