The uncertainty due to ERTE and the scarce aid have put small businesses and the hotel industry on the edge of the precipice. The coronavirus crisis is especially affecting the subsistence of small businesses. If before the pandemic it was already difficult for them to compete against the big brands, the situation is even more complicated now, after three months of state of alarm and with low demand from customers. It is enough to visit the center of Madrid to realize the situation these establishments are going through. On Conde de Peñalver street, located in the Salamanca district, up to f
The uncertainty due to ERTE and the scarce aid have put small businesses and the hotel industry on the edge of the precipice. The coronavirus crisis is especially affecting the subsistence of small businesses. If before the pandemic it was already difficult for them to compete against the big brands, the situation is even more complicated now, after three months of state of alarm and with low demand from customers. It is enough to visit the center of Madrid to realize the situation these establishments are going through. On Conde de Peñalver street, located in the Salamanca district, up to five businesses can be found within 150 meters with the metal doors lowered to the ground, on which they hang posters announcing their closure or transfer.
Size: 5568px × 3712px
Photo credit: © Alberto Sibaja Ramírez / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: bankrupt, coronavirus, covid19, crisis, economic, epidemic, madrid, pandemic, spain
