Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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Every tenth businessman in Russia is ready to close his enterprise

Every tenth businessman in Russia is ready to close his enterprise
Photo: pixabay.com

Every tenth Russian entrepreneur announced his readiness to close a business due to problems amid a pandemic. A significant part of small and medium-sized businesses in 2021 continues to experience difficulties.

As the RBC, the demand for goods and services has not recovered in about two thirds of enterprises. Approximately 60% of companies' revenues decreased by a third last year, approximately 45% reduced their payroll.

This year, the turnover of a third of the surveyed companies continued to decline, while for 27% it remained at the level of the previous year. Every tenth businessman is preparing to close. Every fifth company announced a gradual recovery of losses. Weak demand remains the main business problem.

In August last year, experts in Russia recorded largest drop in income entrepreneurs over the past 16 years. Among the Far Eastern regions during the pandemic, the Amur Region had the worst result: the losses of entrepreneurs exceeded profits.

About 67% of Russian entrepreneurs named 2020 unsuccessful for business... A third of businessmen expected losses. 

April 23: current information on coronavirus in the Far East
Digest of regional events and latest statistics