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NFIA Analytics: Russian business is losing liquidity

... the National Financial Information Agency (NFIA), more than half (54%) of Russian businessmen were forced to deal with the problems associated with a decrease in sales in March. At the same time, in the segment of small and medium-sized enterprises (SMEs), 83% of market participants had to cut their costs. According to a survey of 500 respondents representing SMEs in various regions of the Russian Federation, about 37% of them decided to cut marketing and IT spending. In 23% of cases, entrepreneurs ...

EXPERTS POINTED OUT THE NECESSITY OF BUSINESS AND MINISTRIES’ PARTNERSHIP

... path of "complete whitewashing", but there are a lot of problems. Restaurants cannot operate under the general taxation system, and the establishments do not physically have input VAT. In addition, many restaurants do not fit the criteria for SMEs, which significantly complicates the business activities. Sergei Mironov added that restaurateurs are ready to enter the "white" business and even pay three times more taxes if the legislators meet halfway. But this has not happened yet. In the final part of the discussion, Vladimir Kuznetsov urged the conference participants to take a tough stance and start “knocking on all doors” so that the business and its proposals ...

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