The Opinion of the Day >>P.Leptos : The economic impact of COVID-19 is huge

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The impact on the economy due to the pandemic will be huge, says Pantelis Leptos, Vice President of the Leptos Group of Companies, who points out that the development of land and buildings will be at the forefront to contribute again to its reconstruction and development. economy. He stressed that it is essential to help companies that have been consistent in their obligations, face temporary problems that can be overcome and have the opportunity to contribute to the recovery of the economy.

The impact is huge
As we go through an unprecedented period, the economic impact is impossible to predict. After all, our economy depends not only on the internal situation, but also on the conditions prevailing in other EU countries, but also in the USA, Russia, Asia and the Middle East.

What we can say with certainty is that the economic impact of the COVID-19 corona crisis will be great. Unfortunately, all the main economic activities of the place, such as construction, tourism and services, were greatly affected.

I am optimistic
The field of land development and construction is undoubtedly affected by the corona crisis, which will continue in the coming period. But it all has an end. When the crisis and uncertainty pass, our industry will be at the forefront of helping to rebuild and grow the economy. I have always believed in the power of extroversion. I am optimistic, focusing on the skills and prospects of the sector.

Moral prosperity
Our group, in the context of emergency management, has prepared its staff planning. This includes various levels of action, which ensure our operational continuity. For example, a number of executives work from home and we keep the minimum possible staff in the offices.

As for abroad, our staff in Russia, China, Egypt, Jordan, Dubai, England, Vietnam, India and Jordan, work mainly from home. It is important that the morale of our people is high and that everyone is ready, as soon as conditions allow, to give all their energy to the development of our work. 

Τhinking out of the box
In addition to the efforts made by each company individually, the state must encourage employment, in a logic of subsidising it against unemployment. We need to think boldly, creatively, out of the box. In the days of crisis, we need to identify what can have immediate results and encourage it, while providing incentives for investors. The management of the 2013 crisis has given us a lot of experience in what could work quickly and efficiently.

Time for incisions
In this effort, it is essential to help companies that have been consistent in their obligations, face temporary problems that can be overcome and have the opportunity to contribute to the recovery of the economy. It is also important to look for any opportunities in the crisis, for example, to finally solve problems that plague businesses, such as the bureaucracy, to improve e-government and to further strengthen cooperation between the state and the business world.