Business activity in Russia drops to a two-year low as sales decline
www.pravda.com.ua
Thu, 20 Mar 2025 16:57:27 +0200
In February, the Russian Small Business Index RSBI measuring the activity of small and mediumsized companies in Russia fell to 51.7 points, the lowest level since early 2023.
Source The Moscow Times Details Businesses have been particularly affected by declining sales, with the corresponding index dropping to 44 points, a twoyear low.
Nearly half 47 of companies reported a decrease in revenue, compared to 38 in January.
Small businesses and trading companies have been hit the hardest, with more than 50 of respondents reporting falling income.
Banks have also become less willing to provide loans to entrepreneurs.
The demand for financing among small businesses has dropped to a recordlow 27, while only 20 of applicants receive loan approvals.
The Russian Central Bank attributes this to high interest rates and a reduction in preferential lending.
Background The Russian airline Kosmos, owned by the Russian Defence Ministry, has suspended its operator certificate and may face bankruptcy.
Since the beginning of the year, road freight transportation volumes in Russia have decreased by onethird.
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