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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 pharmaceutical market has lost 3% of pharmacies

About 2 thousand Russian pharmacies ceased to exist between June and September 2021. At the same time, the negative trend affected, first of all, representatives of small and medium-sized businesses. About 44% of all closed pharmacies are single enterprises. But the chains, operating in several regions of Russia at once, managed to expand their market presence by 6% (up to 8668 outlets) by autumn. Corresponding data are given by ‘Izvestia’ ...

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 ...

STUDY OF HIGHER SCHOOL OF ECONOMICS: 15% OF INDUSTRIAL ENTERPRISES ARE CANDIDATES FOR BANKRUPTCY

The manufacturing sector of the Russian industry, which became the object of study conducted by specialists from the Center for Market Research (CMR) of the Higher School of Economics, has showed significant risks of bankruptcy of 15% of enterprises in the country. It turned out that out of 4 thousand companies in 82 regions of the Russian Federation, every seventh plant or factory turns out to be a ‘zombie’ enterprise. The information provided is broadly consistent with the data for the first five...

NUMBER OF SPANISH HOTELIERS’ BANKRUPTCIES HAS REACHED A HISTORICAL PEAK

The COVID-19 pandemic continues to put serious pressure on the rise in the number of bankruptcies in Spain. The main victim, as shown by the research conducted by the Axesor consulting company, is the HoReCa segment. The number of bankruptcy petitions filed in 2021 increased by 303.85% compared to the previous year. If in 2020, 104 insolvency cases were considered by the courts from January to May, this year their number has grown to 420. According to Axesor company, bankruptcies of bars, restaurants...

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....

A WAVE OF BANKRUPTCIES COVERED POLAND

... the largest recession in 30 years. Analysts of the insurance company Euler Hermes came to this conclusion, having analyzed the statistics of bankruptcies over the past year. 1293 companies were declared insolvent, which is 32% more than a year earlier. ... ... (about 1.2 trillion rubles). This is almost 3.5 billion zlotys (70.5 billion rubles) more than a year earlier. About 11% of businessmen working in the field of small and medium-sized enterprises are concerned about the risk of the complete liquidation ...

RECORD NUMBER OF COMPANIES WAS CLOSED IN RUSSIA OVER THE LAST YEAR.

... the exclusion of companies from the register of legal entities occurs, as a rule, on the basis of a decision of the tax authorities. Firms stop submitting annual financial statements and do not perform banking operations, thereby, in fact, terminating business activities. The President of FinExpertiza Elena Trubnikova believes that the main factor in the decrease in the rate of registration of new enterprises was the coronavirus and the consequences caused by it, which complicated the registration ...

EUROPEAN AUTHORITIES ARE CREATING A “ZOMBIE ECONOMY”

European countries are spending fabulous sums trying to keep businesses afloat during a pandemic. An economic recession can lead to stagnation for a decade, which has been recently called ... ... because such actions stimulate the emergence of a large number of inefficient enterprises with low productivity. According to statistics for 2020, the number of bankruptcies in France and the UK fell by 40%. The average figures for the European Union ...

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