Revenues of visa centers in Russia grew despite restrictions
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Compared to 2021, revenues grew the most at VFS Global, which works with embassies in 28 countries, including Austria, Bulgaria, France, and others. Last year, the operator’s revenue amounted to 1.13 billion rubles. compared to 0.9 billion rubles. a year earlier. Nevertheless, this is four times less compared to the pre-pandemic 2019, when the company earned 4.35 billion rubles in Russia.
The VMS serving the Italian embassy in Russia almost doubled its revenue, from 0.212 billion rubles. up to 0.387 billion rubles. in 2022, the VisaMetric Visa Application Center serving the German embassy increased its revenue by 74%, to 0.141 billion rubles. The revenue of the BLS International visa center working with Spain increased two and a half times – from 0.099 billion rubles. up to RUB 0.262 billion
At the same time, revenues fell from TLScontact, which serves the embassies of Great Britain and Switzerland, from 0.336 billion rubles. in 2021 to RUB 0.299 billion in 2022. In pre-pandemic 2019, the company’s revenue amounted to 0.63 billion rubles.
According to the vice-president of the Russian Union of Travel Industry Dmitry Gorin, the growth in revenue is due to a number of factors, including increased demand for visas and VIP services. The companies did not respond to the publication’s request. VisaMetric reports say that the main part of the revenue was the visa fee – 106 million rubles. out of 141 million rubles.
Against the backdrop of the start of Russia’s special operation in Ukraine, a number of European countries, including the Czech Republic, Latvia, Lithuania and Estonia, have suspended the issuance of Schengen visas to Russians. In addition, from September 12, 2022, the EU suspended the simplified visa regime with Russia, due to which the fee increased from 35 euros to 80, and the period for processing applications increased from 15 to 45 days.
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