Running small businesses in Moscow and St. Petersburg is becoming less profitable: business payback periods are growing; investment attractiveness and profitability are decreasing.

According to a study by the Analytical Centre under the Government (AC), the level of competition in Russia increased for the first time during four years, according to entrepreneurs: in 2019, 51% of the study participants rated the degree of competition as high or very high.

According to the data of the Federal State Statistics Service, the share of unprofitable organizations in the Russian Federation increased by 0.7% in January 2019 and reached the record indicator of 35.8%.

The current level of investment is at its lowest level for the last 21 years.

Kaliningrad region topped the rating of regions with the greatest involvement of the population in small business.