Italy reopens after the lockdown – But is life the same?

Share This Post

Booksellers, stationery, and other small and medium businesses have started to reopen after a long lockdown period. These small and medium businesses are considered the backbone of Italy. 

The after-impact of Coronavirus will be tough for these businesses as the sales could take a long time to recover and get back to normal. 

According to a report, these businesses generate approximately 66.9 percent of the overall non-financial business economy. 

The employment generated by these businesses goes up to 78.1 percent. Especially, Micro-firms create a lot of jobs compared to other huge firms. 

Further information regarding the small businesses in Italy:

Currently, these business owners are facing a considerable challenge because of the Coronavirus. Due to this, the economy of Italy estimated to slip down by 9.1 percent by the end of this year. This is because Italy has been the epicenter of this pandemic, 187,000 cases confirmed with the death toll of 25,000.

According to an owner of a cloth store, the tough and large business companies might survive this without facing an impact, but other small businesses might suffer badly. 

Reopening the stores is not an easy task as the production of clothes and other products has stopped entirely. 

Even though the lockdown lifted partially, the owners and employees of these businesses must strictly wear gloves and masks all the time. 

The owner should implement social distancing even with the customer. The employees should purely initiate a staggered entrance and avoid direct contact with the customer. 

Many of Italy’s small and medium businesses depend on tourists as Italy is a tourism country. But, as the flights and other modes of transportation have been banned, companies won’t expect much revenue for a while. 

+ posts

Pratap is an avid reader and he wishes to give back the community something in return. He is currently pursuing Engineering in the field of Computer Science in Bengaluru. He has a genuine passion for writing and spreading it to everyone. He has a thirst for knowledge and always seeking it out and aiming to be a better version of himself.

Related Posts

Regulation and GST on Cryptocurrency in India – An optimistic approach?

“Satoshi Nakamoto” is a name that stormed the internet....

Amid Mass Layoffs, Is the fall of the Indian ed-tech industry inevitable?

The mass layoff by India’s top unicorn Byju’s was...

NFT Domains, what the heck are they? An introduction to & ENS Domains

Before getting to the main question of what exactly...

Coworking, Explained.

TimesNext Recommended: BiggBang Coworking, the Best Coworking Space in...

GOI Forms Committees to Scrutinize Crypto Ads, Fake Reviews, and Ed-tech Firms

The government intends to tighten the noose to safeguard...

Global Bitcoin Use Will Reach 10% By 2030, Says Blockware

Bitcoin acceptance could be faster than that of previous disruptive...