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RUSSIA IS LOOSING INDIVIDUAL ENTREPRENEURS

... 4% for a period of January-July. This is the first time since 2013, when the state had doubled social taxes. The most vulnerable industries turned out to be taxi drivers, owners of beauty salons and garages. Analysts announced a dangerous trend of business contraction back in 2020. However, in 2021, judging by the data of the SPARK-Interfax service, the rate of liquidation of individual enterprises has noticeably accelerated. The number of liquidated individual entrepreneurs is 130 thousand ahead ...

‘AUCHAN’ CLOSES STORES IN RUSSIA AND CHANGES OPERATION POLICY

The Auchan hypermarket chain, which came to the Russian Federation from France, is changing the concept of working on the Russian market. This was announced earlier by the President of Auchan Retail Russia Philip Brochard. As a part of the new strategy, a part of the retail space will be leased to other entrepreneurs. This year, a significant reduction in the number of Auchan hypermarkets took place in Russia. Some of them changed their format to urban-type retail outlets. The new development strategy...

COMMUNICATION WITH IDOLS INSTEAD OF PORN: ONLYFANS ANNOUNCED A NEW FORMAT

British service OnlyFans announced its intention to abandon porn in favor of expanding opportunities for idols to communicate with their fans. The decision was made in connection with the desire to ‘ensure the long-term sustainability of the platform’. In October, the publication of pornographic material will become unavailable on the service. The company explained such measures by pressure from banks and payment services. However, it will still be possible to publish nude photos and videos, provided...

THE SIZE OF THE MARGINAL INCOME OF SMEs MIGHT GROW UP TO 3.5 BILLION RUBLES

Senator Andrey Kutepov came up with an initiative to change the maximum income indicator for the recognition of an entrepreneur as a SME. We are talking about both the category of small and medium-sized businesses and micro-enterprises. The maximum threshold for inclusion in the respective category may soon be increased for each of them. The reason for the introduction of the new indicators was inflation and the general rise in prices. The last time ...

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...

VLADIMIR KUZNETSOV: ‘A NEW MOVEMENT OF ENTREPRENEURS IS NOT CREATED FOR A SHOW’

At the All-Russian Congress of the All-Russian Movement of Entrepreneurs, which took place in the Grebnevo estate in the Moscow region, the ‘Lawyers and Attorneys for Business’ thematic platform was created. Its main speaker was Vladimir Kuznetsov, the Vice President of the Association of Lawyers and Law Firms for Registration, Liquidation, Bankruptcy and Legal Representation. What do you expect from the All-Russian ...

RECORD NUMBER OF COMPANIES WENT BANKRUPT IN FIRST 6 MONTHS OF 2021

Compared to the same period last year, almost 81% of enterprises and farms have closed. This is a record number in the past six years. According to the official information of the Federal Tax Service, almost 800 thousand individual entrepreneurs have announced the termination of their activities. This figure is an anti-record since 2013. Since the beginning of the year, more than 500 thousand individual entrepreneurs and farms have announced the termination of their activities. In most cases, this...

ONLY VACCINATED CUSTOMERS WILL BE ALLOWED TO ENTER SUPERMARKETS

Regional ombudsmen for the protection of the rights of entrepreneurs supported the introduction of ‘covid-free’ shops, pharmacies and shopping centers. It is assumed that this will speed up the process of vaccination of the population. According to TASS, business ombudsmen consider this idea promising. However, it is noted that the creation of a ‘covid-free’ zones will speed up vaccination, provided there are sufficient doses of vaccinations. From June 28, it is possible to visit catering establishments ...

ONLINE CASH-DESKS, ON-SITE AUDIT AND MIR CARDS: WHAT CHANGES WILL COME INTO FORCE IN JULY?

In July, several important innovations, designed to change and even facilitate the work of business, will come into force at once. Read more about each of them in our selection. The number of on-site inspections for businesses will decrease From July 1, the system of state control over business activities will change in terms of reducing ...

BORIS TITOV PROPOSED TO REDUCE FINES FOR SMEs, INDIVIDUAL ENTREPRENEURS AND SELF-EMPLOYED

Business Ombudsman Boris Titov spoke to Vladimir Putin with an initiative to reduce fines for SMEs, individual entrepreneurs and the self-employed. The human rights activist also called for the introduction of a system of a differentiated amount of fines,...

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