Page 25 - RusRPTJul20

industries included only an additional code of their economic activity. 51% of respondents have applied or are going to apply for preferential interest-free loans to pay salaries to their employees. However, 74% encountered bank refusals during this procedure. Tax deferral turned out to be less popular — 71% of respondents, whose economic activity was included in the list of the most affected sectors of economy did not use this measure.
Two-thirds of Russia’s entrepreneurs see the outlook for the Russian economy as negative, ​according to a survey included in presidential Ombudsman for Business Boris Titov’ annual report, ​TASS​ reported.
The survey was conducted in February-March 2020 by the service of special communications and information of Russia’s Federal Guard Service. Owners of enterprises (56.7%), heads of enterprises (25%), deputy heads of enterprises (10.4%), and managers (7.9%) participated in it, all in all, 7,733 people.
“Two-thirds of respondents (68.3%) negatively estimate the state of the Russian economy,” the research said. Particularly, 52.2% of respondents described it as ‘problematic’, while 16.1% – as ‘disastrously recessionary’.
As many as 15.1% of respondents considered the Russian economy stable, whereas 3.5% referred to its state as ‘good’. The remaining 13.1% of participants were undecided.
Respondents suggest that it is first of all necessary to reduce the tax burden on enterprises, limit the tariff growth for services of infrastructure and commodities monopolies and cut tariffs, as well as reduce the administrative pressure on the business, for bringing Russia’s economic growth rates above the global average, according to the results of the survey.
25​ RUSSIA Country Report​ July 2020 ​ ​www.intellinews.com