Companies are currently looking for ways to reevaluate their operations and save money, but there is a clear trend: They go to great lengths to ensure that these austerity measures don’t impact employees, and layoffs only occur in extreme cases, in an interview. to the portal “Delphi business“tells”SEB member of the board of banka Ints Krasts.
Despite the tense situation of the economy, there are currently no problems in the financial condition of companies and Krasts advises not to postpone all plans. At the same time, companies are more actively using overdrafts to finance working capital and cope with rising costs.
Likewise, credit is still active, banks are still issuing loans and quite ambitious projects with long implementation deadlines are also underway.
“There is no need to think that everything should be suspended right now, it is not the right way to think. We are going through this winter in a financially stable position, we have grown muscles earlier when we were faced with the challenges of the Covid pandemic. -19, the liquidity of the company is also good. This is why it is necessary to rely on feelings, perhaps this time is suitable to prepare for further development “, says Krasts.
