The development of a more dynamic, innovative and globally integrated private sector lies at the heart of the transformation of the economies of Eastern Europe and Central Asia. “Business Resilience in the Pandemic and Beyond: Adaptation, innovation, financing and climate action from Eastern Europe to Central Asia” is a joint report from the European Bank for Reconstruction and Development (EBRD) and European Investment Bank (EIB), with contributions from 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 also investigates the adaptation and resilience of firms during the coronavirus pandemic.
The report uses a unique firm-level dataset, the latest wave of the EBRD-EIB-WBG Enterprise Survey, which collected data on more than 28,000 registered firms from 2018 to 2020. The survey was conducted completed just before the outbreak of the pandemic, providing a structural snapshot of firms in the region. The report also uses the first round of the COVID-19 Follow-up Enterprise Surveys of more than 16,000 firms, which the World Bank carried out to examine how firms adapted to the crisis.
