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Special operation in Ukraine may drive Russian tour operators to bankruptcy

Special operation, which became the basis for the introduction of numerous sanctions by the Western countries, brings the risks of ruining many tour operators from Russia. This opinion is expressed by the experts from Turkey involved in the analysis of the tourism market. They are confident that sanctions against Russian aviation can lead to the collapse of the civil transportation market, including not only business, but also the tourism sector. Many travel agencies associated with the Turkish...

Will the Western corporations that have left Russia be driven to bankruptcy?

Against the background of the mass exodus of foreign companies from Russia, the country's authorities continue to announce measures that can be taken. One of such measures discussed in a number of media may be the bankruptcy of companies within 3 to 6 months. Finance Minister Anton Siluanov called such a bankruptcy mechanism accelerated. In an interview with a Russian state television channel, the finance minister said that the country is not interested in foreign ...

SMALL AND MEDIUM BUSINESSES IN GERMANY ON THE VERGE OF BANKRUPTCY DUE TO FUEL PRICES

... the work of companies in Germany. However, the problem does not only concern gas stations and the transport sector. According to local experts, existing taxes on electricity and the protracted reform of the public transport fare system could lead to bankruptcy of significant number of entrepreneurs. According to the NEOPresse media, gasoline prices have already exceeded € 2 per liter at gas stations in Germany. The cost of gas also doubled. This raises concerns among businessmen who fear corporate ...

BLACK SEA SHIPYARD COLLAPSED AND LIQUIDATED IN UKRAINE

... and pontoons. In the Soviet times, the BSS was the flagship of shipbuilding, and in the early 1990s, the first president of Ukraine called the shipyard a ‘pearl’. The largest shipyard of the Ukrainian SSR employed 40 thousand employees, working in conjunction ... ... employees in the company had been reduced to 2,000 people, and the shipyard itself went bankrupt. The Commercial Court filed for bankruptcy and the sale of the plant in 2018. The metal warehouse and five workshops of the plant were exhibited at an initial ...

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