More than 70,000 businesses have closed due to the pandemic in Italy

Almost 73,000 businesses in Italy were closed due to coronavirus pandemic, revealed a study by National Statistics Agency, DPA reports.

This figure represents about 7% of the total of 1 million businesses included in the study conducted in late October and early November.

About 55,000 businesses would resume operations in the future, while 17,500, of which 5,000 in the restaurant business, were permanently shut down.

Another 700,000 continued to operate normally and 244,000 partially.

The Istat study also found that 85% of closed businesses were small businesses with less than nine employees, usually sports centers, small hotels, shops and bookmakers.

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