Coronavirus kills the business of Belgium

According to The Brussels Times, a quarter of Belgian enterprises may go bankrupt due to a coronavirus pandemic.  First of all, we are talking about the hotel and restaurant business, travel agencies, wholesale, retail companies and carriers.

According to the preliminary estimates, a two-month lack of income can be fatal because of a trivial reason - 25% of Belgian companies do not have spare resources for survival.

However, a number of areas will definitely stay afloat. In Belgium, utilities, energy companies, real estate agencies, as well as the companies, providing insurance, financial and pension services are well adapted to the crisis situation.

Before the announcement of a coronavirus infection as a pandemic, not everyone believed in the severity of the spread of the disease, which was probably one of the worsening factors. However, the situation has radically changed just a few weeks ago. And if before the coronavirus was destroying business in China, Japan and South Korea, now the crisis has reached the Western European countries.

Air and rail transportation is canceled all over the world, borders are closed, for people it is not only forbidden to travel to other countries, but even leave their own homes without urgent need. The experts cannot give a clear answer to the questions of how long this will last - some of them expect the pandemic to decline by May, some by the summer, other experts assume that it will stop by October, and some experts even estimate a period of a year and a half.