More than a quarter of small and medium-sized businesses admit the possibility of closing in 2022 if the economic situation persists or worsens, this is the best indicator in the last three years. This is stated in a study by PSB, conducted jointly with Opora Rossii and the Magram Market Research agency (Izvestia has it). The worst situation is observed in the microbusiness segment, where 40% of entrepreneurs announced a reduction in revenue.
According to a survey within the RSBI index (SME business activity index in Russia), in which 1835 entrepreneurs took part, 19% of respondents allow the closure of a business this year “if the current economic situation worsens” (17% a year ago). 7% consider such a prospect while maintaining current economic trends (10% a year ago). At the same time, in 2019, in total, almost a third (32%) of SME representatives allowed their business to be closed. 74% of respondents, respectively, rejected the possibility of business termination in 2022 under any economic development scenario.
43% of entrepreneurs reported an increase in revenue compared to 2020. In the segments of medium and small businesses, the majority are 56% and 54%, respectively. But in the niche of microbusiness (up to 15 employees and up to 120 million rubles of revenue per year), which is much larger quantitatively, there are only 29% of them, and 40% of microenterprises reported a decrease in revenue.
The Ministry of Economy noted that the indicators of SMEs in 2021 indicate its gradual recovery and return to pre-pandemic levels. In 2021, 1.02 million new enterprises were opened, which is almost 20% more than in 2020, the department specified. They pointed out that the recovery of small businesses is also associated with anti-crisis measures: the total amount of credit support for the three payroll programs exceeded 0.5 trillion rubles, assistance was provided to 5.7 million employees.
Read more in the exclusive Izvestia article:
Exhausted optimism: 26% of small businesses may close in 2022
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
