19% of Russian Companies Incur Losses in 2017

5 October 2018 (09:18)

UrBC, Moscow, October 5, 2018. 19% out of 2.5 million businesses operating in Russia finished last year off in the red, Russia’s Federal Tax Service’s data indicate.

Another 27% made no profits in the financial year 2017.

Now the Federal Tax Service’s report covered companies that did not go into liquidation officially but in actuality stopped operating.

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