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BUSINESS OF RUSSIAN FUNERAL SERVICES IS ON THE VERGE OF BANKRUPTCY

... reasons are the savings of citizens on memorial and other services, fear of infection, the departure of a significant part of the business to the ‘gray’ zone and a general decrease in the level of income. 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. According to the expert, this process may threaten the complete collapse of the current model of ritual business. Official statistics ...

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