THE IMPACT OF THE COVID-19 PANDEMIC ON BUSINESSES IN EUROPEAN COUNTRIES

Abstract

<p><strong>Purpose</strong> – This study aimed to determine the impact of the COVID-19 pandemic on the number of businesses and the turnover generated by them.</p><p><strong>Methodology/approach</strong> - In order to carry out the study, the existing data were processed and following the processing, relative values of the indicators were obtained: number of enterprises, turnover and average turnover per enterprise, which were later compared with the year 2018, considered the reference year.</p><p><strong>Findings</strong> – Following the analysis, it was found that there are both increases and decreases in the mentioned indicators, and the size of the turnover is not always directly influenced by the number of companies.</p><p><strong>Research limitations/implications</strong> – The limitations were given by the existence of different economic conditions both before and during the pandemic at the country level which contributed to the changes that occurred and which cannot be measured and respectively quantified with certainty. </p><p><strong>Practical implications</strong> – The study allowed obtaining a result recorded by the companies in industry and construction, and the results can be used in further research.</p><p><strong>Originality/value</strong> – The study carried out provides information on the evolution of the countries during this period as a result of the comparative analysis between the years studied.</p&gt