For Slovenia this is its third economic crisis since independence and we believe that this time round it is better equipped for a quick recovery than most other countries. The social distancing measures were implemented early and comprehensively, and seem to be having a positive effect which gives us optimism that Slovenia is likely to be less severely hit than other countries in the region. We also believe that general business practices are much more in line with best international practice than they were in 2008. Most importantly, the measures of economic support being implemented are significant and have been announced early, giving businesses reassurance about operating once the pandemic is over.
Nonetheless for many businesses the next few months will be a severe challenge in managing customers, cash and employees. Revenues in sectors such as hospitality, non-food retail and travel have dropped to zero overnight, and the struggles to survive are very real. Albacore has extensive experience with assisting companies in crisis situations and financial restructurings and can assist you with our world class financial modelling expertise as well as help you to raise debt and equity to bridge any cash flow shortfalls and to position you for recovery and growth once the pandemic recedes.
“Strive not to be a success, but
rather to be of value.”