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BUSINESS OF RUSSIAN FUNERAL SERVICES IS ON THE VERGE OF BANKRUPTCY

... Anton Avdeev, the head of the trade union of funeral service workers, told the media about the prospects for the industry's bankruptcy. Agency revenues are shrinking and profits are falling. Costs (rent, taxes, transportation) cease to cover income. ... ... deceased and the funeral has led to the fact that Russians have become less likely to attend such events and more often resort to cremation. This is cheaper than burial (40% on average). In large cities like St. Petersburg, the share of cremations is already ...

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