the number of company bankruptcies in Russia in 2024 increased by 53% – Kommersant
[ad_1]
The number of corporate bankruptcies in Russia in the first quarter of 2024 increased to 2094 – by 53% compared to the same period last year, Interfax reported, citing data from the Unified Federal Register of Bankruptcy Information (Fedresurs).
The number of notifications from creditors about plans to initiate insolvency proceedings against their counterparties decreased by 8.2%, to 6,968. 19 of them involved foreign counterparties. From January to March, the number of surveillance procedures launched decreased by 4%, to 1,733.
In the first quarter of 2024, the largest number of bankruptcies was recorded in Moscow (478, +44.4%), Moscow region (212, +94.4%), St. Petersburg (143, +70.2%), Tatarstan (82, +148.5%) and Krasnodar region (57, +23.9%).
The increase in corporate bankruptcy is observed against the backdrop of a decrease in the effect of the moratorium on the filing of bankruptcy petitions by creditors from April 1 to October 1, 2022. As Kommersant reported, lawyers expect that the effect of the moratorium has already been exhausted and in 2024 we can expect a steady growth of insolvent companies. The Supreme Court proposed to curb growth by raising the debt limit for starting bankruptcy proceedings from 300 thousand to 2 million rubles. However, the authorities and the legal community did not support the initiative.
Read more in the Kommersant article. “Business makes failures”.
[ad_2]
Source link
