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THE LARGEST FISH PROCESSING PLANT IN THE NORTH-WEST HAS STARTED BANKRUPTCY

... largest fish processing enterprise in the region asks to recognize its insolvency by completely stopping production. The deterioration of the financial condition of ROCK-1, according to experts, began during the pandemic. The combine has accumulated credit obligations. Despite this, the firm ended 2021 with a net profit of 74.4 million rubles. Revenue increased by 19%, reaching 7.2 billion. However, in February last year, the company faced sanctions from European countries. The credit burden has ...

THE EMPLOYEE OF THE DEPARTMENT OF INTERNAL AFFAIRS WENT BANKRUPT, BUT REMAINED WITH DEBTS OF 2.5 MILLION

An employee of the Cherepovets police (Vologda region) was declared insolvent with debts of 2.8 million rubles. In the bankruptcy process, 12% of creditors' claims were satisfied. However, the arbitration, completing the procedure for the sale of her property, left her with debts of 2.5 million rubles. The court decided that the woman had abused her right and resorted to deception. It turned ...

THE WELL-KNOWN CONFECTIONERY HOLDING IS FACING BANKRUPTCY

"Glavtorg", which is the distributor of the holding "United Confectioners", is on the verge of bankruptcy. This is reported by Kommersant. The Russian financial conglomerate Sberbank is going to send an application for the company's insolvency to the court. Among the reasons for possible bankruptcy are the strong dependence of Glavtorg on loans and disagreements with the supplier and, as a result, a criminal case against the founder of the company. The distributor appeared in...

Installment sale of electronics suspended in Russia

Some Russian electronics stores began to gradually refuse to provide customers with installment and credit services. This is due to the unstable exchange rate, as well as the high rate of the Central Bank of the Russian Federation. Experts believe that this situation may continue for the next few years. The abolition of the possibility of purchasing ...

Kalmykia and Tyva became the most debt-ladened regions of Russia

According to experts, there is an increase in the level of debt load of the population in Russia, while different situation is recorded in all the regions. Kalmykia, Tyva and Udmurtia are named among the most debt-ladened regions, while the lowest rates are registered in Ingushetia, Chechnya and Dagestan. The situation, according to experts, may be related to the level of development of loans and the banking sector in the southern republics and, as a result, the availability of such products...

IMF urges El Salvador to abandon bitcoin

The International Monetary Fund called on the authorities of El Salvador to abandon bitcoin as an official way of payment. Due to the legality of cryptocurrency, the IMF refused to issue the country a large loan. The International Monetary Fund called on the authorities of El Salvador to abandon bitcoin as an official way of payment. Due to the legality of cryptocurrency, the IMF refused to issue the country a large loan. The Council of the International Monetary Fund includes 190 countries. If...

Debt load of Russians has reached a historical maximum

... forecasts yet, the regulator supported the initiative to restrict the issuance of certain types of loans. In particular, we are talking about the refusal of a loan to clients with a high debt burden (80%, for example)’ - the CEO of ‘Center for Assistance to Credit Debtors’ LLC Alexander Dokukin commented on the situation. The bill has already passed the first reading and, according to experts, may be adopted this fall. The new law will probably solve the problem of Russians' debt burden, but most likely,...

CENTRAL BANK MAY FORGIVE DEBTS OF PEOPLE AFFECTED BY A FLOOD IN THE SOUTH OF RUSSIA

... borrowings, including mortgages. Debts will be completely forgiven in exceptional cases. What is more, the official letter of the Central Bank says that the financial institutions will not collect the pledged property. These measures will not affect the credit histories of borrowers. Therefore, there should be no difficulties for clients with new loans in the future. The Central Bank confirmed the information and said that this was not the first time that such a practice is used in natural disasters....

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