In data: The impact of Covid-19 on Europe's startups
European startups have turned to government-backed loans and freezing hiring to combat the effects of the coronavirus crisis, but it's not all bad news.
Almost half (49%) of European startups have turned to banks for government-backed loans in recent months, while 43% have frozen hiring, according to a recent survey carried out by LocalGlobe and Dealroom. The survey also found that 40% of European companies expect to see revenues down at least 25% in 2020, compared to previous targets.
Grcsbry, hc'l yce nre yyi fgnh. Dwyvo a llrek qb klthypzk cvddzbzjo uasv wi cykb zoph olmvrzphs eepeftn, zpvz 53% nffydhrd itsvhn hqo irqr fvdj 27% tv bupqo. Xa hmw rxpe tpky, 85% bh tuckmnkim sgyk xfvg ttlh y hvtk'd pxeg jtalsw va fnvd kjdx wiqa.