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ST.PETERSBURG IS RANKED THIRD IN THE RATING OF CORPORATE BANKRUPTCIES

... Federation, at the beginning of October 2020, 517 thousand legal entities and more than 1.6 million individual entrepreneurs were under effect of the moratorium. In fact, this means that more than 14% of all organizations and more than 40% of private businessmen were protected from sudden bankruptcy. What is more, the policy of the Central Bank, which established incentives for the additional creation of reserves by April 1, 2021, is among the reasons for the decline of the number of bankruptcies....

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