Post-COVID Recovery and Business Stabilization
From Survival to Recovery and Sustainable Growth
In 2021, following the acute phase of the COVID-19 crisis, SEMAK directed its activities toward addressing the long-term economic consequences of the pandemic and supporting businesses in the post-COVID recovery phase.
The focus was placed on stabilization, the restart of business activities, market re-entry and gradual growth, particularly for micro, small and family businesses, women-led and rural enterprises, and young entrepreneurs.
Online Consultations and Restart Coaching
SEMAK continued with the online working model, enhanced with recovery- and growth-oriented content, through:
Online Coaching and Advisory Services
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Restructuring business models after the crisis
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Market repositioning
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Liquidity and debt management
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Growth and investment planning
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Digital transformation and new sales channels
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Human resources management in the post-crisis period
Consultations were delivered both individually and in groups, with a tailored approach based on the sector and size of each business.
Financial Support for Post-Crisis Growth
In 2021, a significant part of the activities focused on ensuring access to finance for recovery and development through:
Financial Instruments
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Loans from the Development Bank of the Republic of North Macedonia
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Favorable loans for business restart and liquidity
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Support for refinancing and financial stabilization
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Advisory services for the use of state measures and programs
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Preparation for the next phase of investments and growth
SEMAK provided expert support in application procedures, financial planning and alignment with current economic conditions.
Objectives of the 2021 Activities
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Stabilization of business processes
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Recovery of lost markets and clients
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Improvement of financial discipline
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Preparation for investments and growth
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Strengthening business resilience
Value and Results
The year 2021 was a year of recovery, learning and adaptation.
Through online consultations, financial facilitation and strategic advisory support, SEMAK contributed to the gradual recovery of the business sector, creating a foundation for further development, innovation and sustainability.
2021 | Activity Calendar – Post-COVID Recovery
January – February
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Post-COVID situation analysis
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Individual online consultations for business restart
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Stabilization and liquidity planning
March – April
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Business model restructuring
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Support for adaptation to new market conditions
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Online coaching on financial discipline
May – June
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Support for Development Bank loans
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Advisory services for refinancing and stabilization
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Preparation for investments in equipment and processes
July – August
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Support for digitalization and online channels
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Improvement of sales strategies
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Continuous online coaching
September – October
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Growth strategies and market re-entry
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Human resources planning and employment
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Financial planning for 2022
November – December
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Evaluation of post-COVID results
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Preparation of businesses for the next development phase
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Individual consultations and annual planning