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SOVIET SPORT NEWSPAPER IS THREATENED WITH BANKRUPTCY BY THE TAX SERVICE

On September 6, the Moscow inspectorate of the Federal Tax Service № 9 applied to the arbitration court, demanding recognition of the insolvency of the ‘Soviet Sport’ newspaper. A court hearing on this issue is scheduled for October 5. Editor-in-Chief Nikolai Yaremenko said that the company's debts were caused by the 2017–2019 corporate conflict. According to him, the matter will not come to real bankruptcy. Olympic ...

PRESS DISTRIBUTORS GO BANKRUPT IN RUSSIA

... in the Northwest market. According to experts, the closure of this type of companies is a natural process for the Russian market. It is very similar to what has already happened in the EU countries. The reason for the bankruptcy of distributors of newspapers and magazines is the fall in demand, the unprofitability of a significant part of the trading areas and the general economic instability that arose as a result of the pandemic. However, publishers are worried about what is happening. The Metropress ...

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