MOSCOW, November 7. /TASS/. Over 60% of Russian entrepreneurs pointed to the decline in domestic demand as the main problem they are up against now. This is according to a survey conducted by the office of the institute of
Russia’s Presidential Commissioner for Entrepreneurs Rights among businessmen in October 2022.
The survey involved 5,760 entrepreneurs from all regions of the country. In particular, 74% of respondents belong to the micro business sector, 21% to small businesses, 3.4% to mid-sized businesses and 1.6% to large businesses. Twenty-three percent of respondents are engaged in in the non-food products sector, another 11% in food, 8% in catering, and 7.5% each in manufacturing, construction and building materials, 7.3% in the consumer services sector, 5.2% in agriculture and forestry, 3.9% in education, and 3.5% in the hotel and tourism business. Each of the other industries does not exceed a share of 3% of the total number of respondents.
Sixty-four percent of entrepreneurs picked this particular factor as the thing that most negatively affect their business. The next ones in terms of severity are shortage of personnel (34.2%), shortage of working capital and cash gaps (28.9%), supply chain gaps (26.5 %), and the complexity of import delivery (19.1%), the survey results reveal.
According to the report, the partial mobilization introduced in Russia did not affect the teams of the majority of respondents (66%), while 34% reported that part of their employees were called up.
More than half (58.6%) of those whose employees were mobilized did not need to replace these employees, or a replacement was found very quickly, and only 19% could not find a replacement for drop-out employees so far, the report says.
As the authors of the survey noted, 26.7% of respondents reported that they were unable to find analogues of critically important foreign products or services that are no longer supplied to Russia due to sanctions. However, the majority still managed to find new suppliers of the same (23.6%) or similar products, both in Russia (22.3%) and abroad (13.5%).
As for the impact of sanctions, entrepreneurs gave different assessments. More than half (55.4%) have fully adapted or continue to adapt to the West’s anti-Russia sanctions.
That is, most of the community withstood the aftermath of the sanctions, the institute s office stated. Anyway, 10.5% of the polled participants said that they could not cope with the consequences of the sanctions, and 16.3% did not notice them at all. Regarding the assessment of the state of their own business, only 6% of respondents said that they had to close their businesses or will have to do so soon.
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