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

Business Profits Fell by 67% in Spring
13.08.2020 10:18
Business Profits Fell by 67% in Spring
(Source: http://mbgazeta.ru/news/issledovanie-za-vesnu-2020-goda-pribyl-biznesa-sokratilas-na-67)

The cumulative drop in business profits in March-May 2020 was 67%, RBC reports with reference to the report of the analytical service of the international audit and consulting network FinExpertiza. This is the largest drop in 16 years: previously, the indicator of 2017 was considered an anti-record, when profits fell by 28%. 

      In 16 regions of Russia, companies generated a net loss during this period. The worst was for Moscow business,  with its total loss of 85 billion rubles. This is followed by the Yamalo-Nenets Autonomous District (51.2 billion rubles), the Komi Republic (19 billion) and the Amur Region (13.2 billion). If we talk about the dynamics of the growth of losses, Ingushetia became the anti-record holder, in which the indicator grew by 3260% compared to the same period last year.

      At the same time, business profits increased in 27 regions. For example, in the Altai Republic due to the influx of tourists because of the closure of borders, the indicator showed an increase of 574%. In the Belgorod region, profit increased by 237%, in Mordovia - by 108%.



Author: Anna Dorozhkina

Tags: Russian business coronavirus    

Next Previous


You might also find interesting:

The Turnover of SMEs Fell by More than 50% in April
08.05.2020
Catering Companies Change their Business due to the Pandemic
11.08.2020
4.5 Million Entrepreneurs Went Bankrupt during the Pandemic in Russia
16.12.2020
Ruble Lost One-sixth of its Value in a Year
11.01.2021
The First Serial Electric Car in Russia will be Available Next Year
29.11.2020



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share


TAGS:
Russian business  Fashion models  Arctic  Moscow airports  expedition  Skolkovo  Festivals in Moscow  Life Origin  Exhibitions in Moscow  All Events  EU visas for Russians  Lada  Murmansk  Moscow City Day  Svobodny  Kiritsy  Khakassia   St. Petersburg  Omsk Fortress  Russian Bears  Russian tourism  Yuri Lyubimov  Exhibitions in Saint Petersburg  Magadan Oblast   Russian regions  Mercedes-Benz Fashion Week Russia  Moscow  Bolshoi Theatre  The Romanov Family  Chelyabinsk meteorite  Russian Composers  Cossacks  Fyodor Fedorovsky  Russian Cinema  Russian startups  Rostov  Maria Sharapova  Fukushima  Old Kazan  Space Aircraft  contemporary art  Modern Art  traffic rules  Olympic Games 2012  Russian tourists  flavor enhancer  Russian political parties  Kerry Ellis  travel to Russia  Vladivostok 


Travel Blogs
Top Traveling Sites