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Half of Moscow Fitness Clubs may Go Bankrupt by the End of the Year
15.12.2020 19:03
Half of Moscow Fitness Clubs may Go Bankrupt by the End of the Year
(Source: https://pixabay.com/ru/photos/crossfit----534615)

The Commissioner for the Protection of the Rights of Entrepreneurs in Moscow, Tatyana Mineeva, predicted that up to 50% of Moscow fitness clubs may close by the end of 2020 or in the first quarter of 2021.

      Representatives of the industry are asking the city authorities to introduce subsidies: in particular, reducing taxes and contributions, subsidies for payment of arrears, a moratorium on the return of advance payments for an annual subscription, etc., RBC reports. Experts estimate the overall decline in the fitness and sports industry at 35%. In the first wave, due to the suspension of the activities of most businesses, from 15 to 20% of fitness clubs and similar enterprises have already gone bankrupt. “If this dynamics continues, then by the end of 2020 - the first quarter of 2021, 50% of fitness clubs will go bankrupt,” the ombudsman concluded.




Author: Anna Dorozhkina

Tags: Moscow Russian business Russian economy   

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