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More entrepreneurs began to cease operations in Russia
The number of individual entrepreneurs in Russia for the month decreased by 66,8 thousand. This is 77,2% more than in March 2019.
As follows from data Federal Tax Service (FTS), the number of individuals who ceased their activities in January-February decreased compared to last year. At this time, 118,1 thousand individual entrepreneurs stopped their activity against 117,7 thousand for the same period last year. In March, they began to actively stop working.
The dynamics of registration of new individual entrepreneurs has changed. If at the beginning of the year their number increased by 32,9%, then in the first quarter of 2020 it decreased by 1,3% compared with the first quarter of 2019 - from 185,7 thousand to 183,2 thousand.
Now the Russian government and the Central Bank are developing a series of measures to support businesses affected by restrictions imposed due to coronavirus. The Russian Union of Industrialists and Entrepreneurs has proposed balancing state support for companies and individual entrepreneurs.