19% of Russian Companies Incur Losses in 2017

UrBC, Moscow, September 27, 2017. 14,500 Russian companies ended up with net losses in the first half of 2017, which amounted to 30.9% of all national businesses (excluding small enterprises, banks, insurance companies, and state-run organizations), Rosstat’s data indicate. This figure is 0.5% larger than that for one year earlier. The loss-making companies consolidated net loss reached RUR 1.1437 trillion. 32,300 Russian companies finished the first half of the year off with profits (RUR 6.7335 trillion all in all). The national businesses’ balanced financial result came to RUR 5.5898

UrBC, Moscow, May 13, 2019. The Central Bank of Russia incurred RUB 434.679 billion in losses last year (compared with RUB 435.3 billion one year earlier), the bank’s annual report indicates. The CBR’s assets, however, increased by RUB 8.6 billion and amounted to RUB 39.4 trillion altogether. According to the annual report, banks currently operating in Russia made RUB 1.3 trillion in net profit last year (compared with RUB 0.8 trillion in 2017). The banking sector’s performance kept getting affected by a number of banks undergoing financial recovery procedures in 2018. Without these banks’

UrBC, Yekaterinburg, April 24, 2018. 4,039 legal entities officially went into liquidation in Yekaterinburg in the first quarter of the year. This exceeds the figures for the number of newly registered businesses (1,778) by 2.3 times, Sverdlovskstat reports. As for Sverdlovsk Region on the whole, the ratio of liquidated companies to newly registered ones was the same: 5,386 to 2,347 businesses, respectively. In over 90% of cases, the liquidated businesses are private ones that are associations or partnerships. Additionally, one new state-owned federal company, two state-run constituency-level

UrBC, Yekaterinburg, March 1, 2018. Sverdlovsk Region-based companies’ consolidated profits (excluding small businesses) amounted to RUR 257.1bn in January-December 2017; this was 10.6% more than in 2016, Sverdlovskstat reports. 1,101 local businesses made RUR 279.2bn in profits, which exceeded the figures for the year 2016 by 5.7% and amounted to 7.6% of revenues stemming from sale of goods and services (compared with 8.5% in January-December 2016). 403 businesses incurred RUR 22.1bn in losses, which was 30.2%, or RUR 9.6bn less than in January-December 2016; the overall share of loss-making

UrBC, Yekaterinburg, February 5, 2018. Sverdlovsk Oblast-based companies active in all the basic economic sectors brought in 84.2% of tax revenues the federal constituency transferred to the national budget, Russia’s Federal Tax Service’s Sverdlovsk Oblast division reports. RUR 262.8bn got paid in taxes in January-December 2017, which exceeded the figures for a year earlier by RUR 36.7bn, or 16.2%. Companies operating in the processing sector paid RUR 94.9bn in taxes, those operating in retail and wholesale trade paid RUR 56.7bn, those operating in the real estate sector, rental services, and