Almost half of Russian companies (44 percent) have decided to raise prices for their products and services by 8-10 percent this year. This is reported by “Prime” with reference to the data of the Center for Strategic Research (CSR).
At the same time, enterprises expect an increase in demand for their products. About 43 percent of companies plan to grow by entering new markets within Russia. The main obstacle to business development remains restrictions due to the coronavirus pandemic. The main obstacles also included the growth of tariffs for services, falling demand and customer churn.
Market players believe that heavy industry, trade and services will show the highest growth rates this year. The highest expectations for wage growth in early 2021 are demonstrated by enterprises in the fields of energy, resources, pharmaceuticals and healthcare. More than six thousand companies took part in the survey.
Last year, about 1.54 million legal entities, individual entrepreneurs (IE) and farms ceased to exist. This is almost every fifth business. This figure has become a record for the country over the past six years. Most of the businesses left the market in Moscow and the Moscow region.