Research results: “How does COVID-19 Crisis affect Businesses and Entrepreneurs in B&H?”

Between March 26 and April 5, Foundation 787 conducted a research on the impact of the crisis caused by the COVID-19 on businesses and entrepreneurs in B&H. The online survey was conducted among entrepreneurs and owners of micro, small and medium-sized businesses in Bosnia and Herzegovina, whether they perform registered or unregistered activities. The research was conducted in accordance with the efforts of Foundation 787 to foster and support entrepreneurship development in B&H, and therefore comprehensive research findings will be shared through this document to institutions in B&H, international organizations and other relevant stakeholders.

The Foundation’s 787 online survey on the impact of the COVID-19 virus on businesses and entrepreneurs in B&H was answered by a total of 1,364 entrepreneurs, of which 57.7% women and 42.3% men. Out of the total number of respondents, 90.1% are from the Federation of B&H, 9.2% of them from Republika Srpska and 0.7% from Brčko District.

The largest share of respondents, 86.2% of them are owners of micro business employing up to 10 employees, and 11.7% of them own a small business employing up to 50 persons.

Answering the key question which is about how the spread of COVID-19 virus has affected businesses and income of the respondents’ businesses, 71.5% of the respondents said that the crisis already had a very negative impact on their business and revenues by the time of the survey.

We express our gratitude to all entrepreneurs and business owners for taking the time to respond to the questionnaire.

The complete publication with research results can be read and downloaded here: Research results, Foundation 787