Business Resilience in the Pandemic and Beyond
For over thirty years, we have combined local insight with financial proficiency to design products and strategies tailored to each client’s needs. The evolution of a more flexible, innovative, and globally connected private sector drives the transformation of economies across Eastern Europe and Central Asia.
About the Report
The study titled “Business Resilience in the Pandemic and Beyond: Adaptation, innovation, financing and climate action from Eastern Europe to Central Asia” is a collaborative publication from the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB), supported by the International Monetary Fund (IMF).
“The report provides unique insights into the progress that the regions’ firms have made, and the structural challenges they face.”
It offers an analytical overview of how companies have adjusted and demonstrated resilience throughout the COVID-19 pandemic.
Data and Methodology
- The report relies on a distinctive firm-level dataset from the EBRD-EIB-WBG Enterprise Survey, which gathered information from more than 28,000 registered businesses between 2018 and 2020.
- This data, collected just before the pandemic began, provides a detailed structural snapshot of enterprise operations in the region.
- Additionally, the first round of the COVID-19 Follow-up Enterprise Surveys, encompassing over 16,000 firms, conducted by the World Bank, explores how businesses responded to pandemic-related challenges.
These complementary surveys reveal deep insights into corporate behavior, financial strategies, and policy needs in times of crisis and recovery.
Conclusion
The findings underscore the importance of innovation, financing, and climate-oriented adaptation as key drivers of sustainable growth in the post-pandemic era.
Author’s Summary: The report highlights how Eastern European and Central Asian firms strengthened resilience through innovation, finance, and adaptive strategies amid the pandemic’s disruptions.
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