Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Half of SMEs in Russia Suspended their Work
5.05.2020 12:54
Half of SMEs in Russia Suspended their Work

56% of  the small and medium-sized enterprises (SMEs)  suspended their work due to restrictive measures taken to combat a new type of coronavirus, Vedomosti reports citing monitoring data of business ombudsman Boris Titov. Representatives of 2.35 thousand sector companies took part in the survey - it turned out that almost half of them cannot apply for the majority of benefits, since they do not belong to the affected sectors.

      36% of respondents said that they could not qualify for help because of too stringent conditions. According to the Ministry of Economic Development and Trade, only half of those employed in small and medium-sized businesses will be able to receive a salary subsidy. Taking into account  the microenterprises, payments will go only to one fifth of the employees. Of the companies that continue to work, 63% reported a double drop in demand. For 29% of entrepreneurs, demand fell by more than 90%.


Author: Anna Dorozhkina

Tags: Russian economy Russian business coronavirus   

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Film Distribution  Russian economy  Russian social networks  Shushensky Bor  Rosneft  Exhibitions in Moscow  Concerts in Moscow  Yegoryevsk  Astrakhan  Russian-French economic forum  Yaroslavl Region  Moscow  Installations  Saransk Souvenirs  Fedor Shalyapin  the Crimea  Sergei Botkin  Yuzhno-Sakhalinsk  Benjamin Britten  Russian science  North Caucasus  Russian Orthodox Church  Belgorod  Mercedes-Benz Fashion Week Russia  Russian International  accommodation in Russia  Stavropol Territory  Russian holidays  Olympics 2012  St. Petersburg  Bezhetsk  Trans-Urals  Russian business  Drawing  Monuments to People  Russian scientists  Russia's Far East  Russian trade  Siberia  Spring Summer'13  Aleksandr Tvardovsky  All Events  the Angara River  LGBT in Russia  safety  Victorian Era  foreign workers  Russian Cinema  Russian tourism  Maroseika 

Travel Blogs
Top Traveling Sites