Belarus’ microbusinesses start paying salaries under the table
<p> MINSK, May 21 - PrimePress. A lot of microbusinesses in Belarus are turning to grey salary schemes amid the crisis caused by the coronavirus pandemic. </p> <p> </p> <p> Zhanna Tarasevich, Director of the Professor Kuniavsky Business Union of Entrepreneurs and Employers, made a statement to this effect on May 21 during a webinar on the impact of the pandemic on the economy, business and households in Belarus. </p> <p> </p> <p> In her words, in the absence of financial safety cushions, a lot of microbusinesses in the taxi service, retail trade have initiated official personnel cuts, but in practice they keep people working and pay them under the table. </p> <p> </p> <p> She said that tourism and catering were most affected by the crisis. </p> <p> </p> <p> “As of today, tourism says that about 30% of companies will survive until the end of the year, while the rest will go into bankruptcy. Those who are redirected to domestic tourism will be able to make ends meet. This problem is exacerbated by the relationship between business owners and consumers – the latter demand the return of money, which the companies no longer have and which have gone to foreign contractors for vouchers,” Tarasevich said. End </p>
2020-05-22
Primepress
Belarus’ microbusinesses start paying salaries under the table
MINSK, May 21 - PrimePress. A lot of microbusinesses in Belarus are turning to grey salary schemes amid the crisis caused by the coronavirus pandemic.
Zhanna Tarasevich, Director of the Professor Kuniavsky Business Union of Entrepreneurs and Employers, made a statement to this effect on May 21 during a webinar on the impact of the pandemic on the economy, business and households in Belarus.
In her words, in the absence of financial safety cushions, a lot of microbusinesses in the taxi service, retail trade have initiated official personnel cuts, but in practice they keep people working and pay them under the table.
She said that tourism and catering were most affected by the crisis.
“As of today, tourism says that about 30% of companies will survive until the end of the year, while the rest will go into bankruptcy. Those who are redirected to domestic tourism will be able to make ends meet. This problem is exacerbated by the relationship between business owners and consumers – the latter demand the return of money, which the companies no longer have and which have gone to foreign contractors for vouchers,” Tarasevich said. End