72% (figure of the day)

of Russian managers at small industrial companies note that one of the main factors limiting production is the uncertainty surrounding the current economic situation. These data are presented in a new Monitoring the Business Climate in Small Industrial Organisations study published in the second half of 2014 by the Centre for Business Tendency Studies at the HSE’s Institute for Statistical Studies and Economics of Knowledge.

Among representatives of medium and large industrial enterprises, only half as many managers (35%) speak about this problem. Companies’ financial stability, the various ways relationships with suppliers and customers take shape, as well as formal and informal links with government agencies allow them to depend less on external economic changes.

At the same time, a significant portion of small businesses does not really understand what is happening with the country’s economy, which hinders their development. Two thirds of small businesses are practically not making investments, although they feel the growth of production costs and have difficulties in gaining access to financing.

Source: HSE website