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"Cinema Park" chain began to close cinemas in Moscow shopping centers

Cinemas of the Cinema Park/Formula Kino chain have been recently closed in several shopping centers in Moscow. It happened due to the current economic situation and falling revenue. The partners are negotiating the possibility of withdrawing from the contracts, but litigation is not ruled out. According to a representative of the cinema chain, the closure of the outlets is an extreme ...

How Moscow will help business struck by sanctions

... converted to meet the needs of business in terms of trade and services. In addition, the procedure for carrying out reconstructions and redevelopments is also simplified . Exemptions for tenants of land and non-residential buildings owned by the city Moscow has set a moratorium on increasing the rent of real estate objects owned by the city this year. The measure concerns non-residential stock, as well as land. There is a deferral of payment for the use of real estate for the same categories of objects for tenants (for the second quarter of the ...

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