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25% of Russian Companies are on the Verge of Bankruptcy
28.12.2020 09:39
25% of Russian Companies are on the Verge of Bankruptcy

In Russia, 25% of companies are at risk of bankruptcy, Kommersant reports with reference to the monitoring of the business climate by the CSR. The indicator grew by eight percentage points at once compared to September.

      25% of companies admit their financial insolvency, while approximately every tenth company assesses its situation as difficult and plans to stop its activities in the coming months. Also, 39% of creditors are ready to initiate bankruptcy of their counterparties. According to the study, the increase in the number of potential bankrupts can be attributed to debts: more than a third of companies said they were in debt.

Author: Anna Dorozhkina

Tags: Russian companies Russian business    

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