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

Small Business Returned to Stagnation after a Period of Activity
25.08.2020 17:16
Small Business Returned to Stagnation after a Period of Activity

Business activity of small and medium-sized businesses in Russia returned to stagnation after a short burst of optimism in June, RBC reports, citing a survey by Promsvyazbank, Opora Russia and Magram Market Research. Business activity index (RSBI) in July fell from 45 to 44.2 points.

      The revival of business was facilitated by the weakening of quarantine and the introduction of state support measures, but the consequences of the crisis still limit the growth of business activity. "The positive effect from the abolition of  restrictions has passed, entrepreneurs are more pragmatic in assessing the prospects for doing business in a pandemic,"  Kirill Tikhonov, the Vice President, Head of the Directorate of Products and Technologies for Small and Medium Business at Promsvyazbank concludes.

      75% of companies still manage to keep their staff, only 18% went to layoffs. Over the month, the number of companies using loans decreased from 11% to 17%. The revenue growth is still insignificant: 8%  compared to 5% in June.

Author: Anna Dorozhkina

Tags: Russian business coronavirus Russian companies   

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Russian scientists  Yakutia  Russian science  Russian legislation  Russian aviation  FC Mordovia  Gorno-Altaysk  Shtockman project  Tretyakov Gallery  St. Petersburg  Russian business  Russian Cinema  Photo Exhibitions  Holocaust  Penza Museums   poll  Russian rouble  Milonov  Russian tourism  Sylvester Stallone  Evgeny Yakovlev  Larisa Golubkina  Saint Petersburg  Urals  Exhibitions in Moscow  State Film Fund  Russian Architecture  Pskov Philharmonic Hall  Magnitogorsk Iron and Steel Works  Moscow  ISIS threat  buy Russian railways tickets  Andrei Sakharov  fashion designer  New Films  Alexander Herzen  Resources  Lenskie Stolby  Victor Titov  Mikhail Prokhorov  hospitality sector in Russia  Portraitists  Russian economy  the Crimea  Yaroslavl   coronavirus  Voronezh   Mercedes-Benz Fashion Week Russia  sanctions  Pussy Riot 

Travel Blogs
Top Traveling Sites