Economic Aspects of Bankruptcies of the Business Entities in Slovakia in the Post-Covid Period

Research background: The paper discusses the economic aspects of bankruptcies of Slovak business entities in the post-covid period. The COVID-19 pandemic caused Slovak business entities various financial, economic, personnel and other problems that complicated business activity. During the pandemic COVID-19, many Slovak business entities, particularly small and medium-sized enterprises, found themselves in very challenging economic situations, mainly due to the overall impact of government measures and state aid being relatively low, especially when compared to the strong negative economic impacts caused by COVID-19 pandemic. Purpose of the article: The paper seeks to identify and analyse the diverse economic aspects of the COVID-19 pandemic, as well as the economic issues and consequences associated with the pandemic. Slovak business entities that did not have sufficient financial reserves available from previous years, and whose incomes dropped significantly during the pandemic, experienced a very turbulent business period. The most significant negative impact on business outcomes in Slovakia was undoubtedly the prolonged lockdown, which often led to business interruptions and, in some cases, bankruptcies. Methods: The comparing data and the questionnaire survey. Findings & Value added: The identification and analysis of weaknesses and problems of bankrupt business entities can contribute to the prevention of negative situations in other Slovak enterprises and the prevention of bankruptcies.