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AMERICAN EXPRESS BANK IS BEING LIQUIDATED

American Express Bank (a subsidiary of American Express Company) decided to liquidate instead of selling the business. The corresponding application for liquidation was submitted to the Unified State Register of Legal Entities. At the end of 2022, American Express Bank was on the list of credit institutions that are prohibited from transactions with shares and shares that make up their authorized capitals....

Rostov restaurant chain "Eat and drink" no longer exists

A popular catering chain in Rostov-on-Don was liquidated by the decision of its owner. Business founder Vadim Kalinich announced the loss of prospects for developing the restaurant format. He believes that such a model of entrepreneurial activity, including the creation and sale of products, is archaic in the current conditions. The restaurant ...

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 of the number of the opened ones (576 thousand versus 446 thousand). And this is no to take into account those who ...

NORDEA BANK IS LEAVING RUSSIAN MARKET

... reason for this was the desire of the company to concentrate on the Scandinavian market, in connection with which the activities in other countries, including Russia, will be terminated. At the same time, the representatives of Nordea assured that the liquidation procedure of the credit institution will be carried out in strict accordance with the rules of Russian legislation and comfortable conditions for the bank's clients to close their accounts will be created. Nordea banks have been operating ...

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