RusBankrot
We know everything about bankruptcy
24/11/2024
Sunday
THIS DAY IN HISTORY:
24 November 
1970 The United States and the USSR ratified the nuclear non-proliferation treaty.
1970 The Central Committee of CPSU restored the national autonomy of the Kalmyks, Karachais, Balkars, Chechens and Ingush.
1970 Charles Darwin published The Origin of Species - the first edition was sold out in a day.
24 November
1970 The United States and the USSR ratified the nuclear non-proliferation treaty.
1970 The Central Committee of CPSU restored the national autonomy of the Kalmyks, Karachais, Balkars, Chechens and Ingush.
1970 Charles Darwin published The Origin of Species - the first edition was sold out in a day.
STUDY OF HIGHER SCHOOL OF ECONOMICS: 15% OF INDUSTRIAL ENTERPRISES ARE CANDIDATES FOR BANKRUPTCY
The manufacturing sector of the Russian industry, which became the object of study conducted by specialists from the Center for Market Research (CMR) of the Higher School of Economics, has showed significant risks of bankruptcy of 15% of enterprises in the country. It turned out that out of 4 thousand companies in 82 regions of the Russian Federation, every seventh plant or factory turns out to be a ‘zombie’ enterprise.
The information provided is broadly consistent with the data for the first five months of 2021, which were previously published by Rosstat. 32.6% of enterprises producing optics or electronics turned out to be unprofitable. Every third company (35.5%) producing tobacco products also turned out to be unprofitable. In the field of pharmaceuticals, mechanical engineering and metallurgy, losses are demonstrated by every fifth enterprise.
Analysts say one of the ways to solve the problem is the re-profiling of such industries that produce products with almost zero demand (often these are unnecessary goods). But such work requires serious investments and a solution to the personnel issue, since for many employees of industrial enterprises, their work is the only one over a significant period of life.
The second method, according to the director of CMR Georgy Ostapkovich, involves the restoration of demand for the company's products from the population.
As of early June 2021, almost half of overdue debts of organizations in the Russian economy are liabilities of more than 1,400 manufacturing enterprises. They owe over 2 trillion rubles. The leaders among them are oil refineries, which owe 1.067 trillion rubles. The main debts (1.347 trillion rubles) are liabilities to suppliers.
The information provided is broadly consistent with the data for the first five months of 2021, which were previously published by Rosstat. 32.6% of enterprises producing optics or electronics turned out to be unprofitable. Every third company (35.5%) producing tobacco products also turned out to be unprofitable. In the field of pharmaceuticals, mechanical engineering and metallurgy, losses are demonstrated by every fifth enterprise.
27.8% of companies of the manufacturing sector of industrial production turned out to be on the brink of profitability.
According to the CMR’s experts, a significant part of the ‘zombie’ enterprises are located in small towns, where, as a rule, their production is city-forming, and the local authorities are forced to subsidize unprofitable companies in order to preserve social stability and maintain the population's income at the lowest possible level. The banking sector is forced to lend money to such companies, and later initiate their bankruptcy.Analysts say one of the ways to solve the problem is the re-profiling of such industries that produce products with almost zero demand (often these are unnecessary goods). But such work requires serious investments and a solution to the personnel issue, since for many employees of industrial enterprises, their work is the only one over a significant period of life.
The second method, according to the director of CMR Georgy Ostapkovich, involves the restoration of demand for the company's products from the population.
Due to the difficult economic situation in recent years, many have refused to purchase expensive goods.
Obviously, growing demand would allow increasing the volume of output, but this requires increasing the purchasing power of the population and trying to stimulate demand.As of early June 2021, almost half of overdue debts of organizations in the Russian economy are liabilities of more than 1,400 manufacturing enterprises. They owe over 2 trillion rubles. The leaders among them are oil refineries, which owe 1.067 trillion rubles. The main debts (1.347 trillion rubles) are liabilities to suppliers.
20.08.2021
