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How Moscow will help business struck by sanctions

Along with the federal support measures in the face of sanctions pressure, regional assistance is being provided, including in Moscow. The authorities of the capital announced a number of areas in which support will be provided to both businesses and the population. What specific measures can entrepreneurs count on, you can find here in our selection. Provision of business loans on a concessional basis Moscow has launched a program of concessional lending to businesses . It involves ...

NFIA Analytics: Russian business is losing liquidity

... the consequences caused by the events on the territory of Ukraine. The sanctions imposed by the developed world economies are forcing the Russian government to take an increasingly consolidated approach to the use of government support measures for business. According to Elena Dybova, who spoke during the round table in the Federation Council, the number of initiatives from SMEs related to state support has already exceeded 11 thousand. At the same time, the vice-president of the Chamber of Commerce and Industry calls the situation an emergency, which means that it requires emergency measures and adjustments of the profile national project....

Small business in 2022: one in four enterprises may be liquidated

This year may become the last for a quarter of SMEs. The experts of Promsvyazbank came to such a conclusion. Together with Magram Market Research and Opora Rossii, they regularly monitor the business activity of Russians (make up the RSBI index). The situation is most tragic in the microbusiness segment - here 40% of survey participants reported reduced income. 1835 businessmen were polled. According to 19% of the participants, the deterioration ...

Russian government will allocate 38.5 billion rubles to support business

The day before, the Prime Minister Mikhail Mishustin announced a decision of Russian government to allocate funds for business. We are talking about grants in the amount of over 38 billion rubles, the purpose of which is both to retain employees and to provide entrepreneurs with the opportunity to quickly recover from the recession of the fourth wave of COVID-19. According ...

MOSCOW WILL NOT SUPPORT BUSINESS AGAINST THE BACKGROUND OF NEW ANTI-COVID RESTRICTIONS

The office of the Mayor of Moscow noted that the authorities do not plan to introduce new measures to support entrepreneurs against the background of additional restrictive measures introduced due to an increase in the number of people infected with coronavirus. To a greater extent, restrictions again affected the service sector: food courts and children's play areas in shopping centers, as well as the zoos, were closed for a week. The work of restaurants and bars at night has been limited to delivery...

Preferential mortgage rate may be reduced to 9%

... preferential mortgages. The rate is planned to be reduced to 9% by the end of 2022. In the future, there will be other measures of state support for citizens and the entire economy. Putin also stressed out the need to stimulate construction. Among other measures,... ... amount of 800 billion rubles. Another initiative of Vladimir Putin was a one-year delay in the payment of insurance premiums for businessmen. It is noted that it will be valid only for those entrepreneurs who supply goods to the domestic market. What is more,...

Six-month bankruptcy moratorium will be introduced in Russia

... particular, comparing the idea of introducing a bankruptcy ban now with the moratorium that was introduced during the pandemic. Experts believe that a wave of delayed bankruptcies is inevitable. Moreover, before, the moratorium applied only to those business sectors that were recognized as the most affected by the consequences of the pandemic by the state. Now we are talking about all sectors of the economy without exception. Evgeny Gorbachevsky, director of the federal financial and legal company ...

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 ...

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