Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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Business in Russia intends to remain on the market after a pandemic

Business in Russia intends to remain on the market after a pandemic
Photo: pixabay.com

The vast majority of business representatives in Russia (88%) do not plan to leave the market in the context of the coronavirus pandemic. Almost half of the respondents did not reprofile their activities.

It is reported TASS with reference to the results of a study by the University of Synergy and NAFI. Almost a third of the companies began to offer new products and services, and another quarter stopped work temporarily.

More than 26% of businessmen agreed that they needed funds “for a rainy day” in order to minimize losses in case of future crisis situations. About 60% of respondents stated their concern regarding further activities.  

Interestingly, most of the study participants did not abandon their plans to open their own business, despite the difficult situation in the economy.

According to the Federal Tax Service, average tax rates in April decreased by a third. The largest drop occurred in the mineral extraction tax, personal income tax fell by 14%.

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