Post sponsored by

MIL OSI Translation. Region: Russian Federation –

February 2, 2022, 07:03


Photo by M. Denisov.

Trade, manufacturing, information and communications enterprises achieved the highest rates.

The profit of the capital’s profitable enterprises for 10 months of 2021 amounted to 6.35 trillion rubles. This is 67.1 percent more than in the same period in 2021 and 39.2 percent more than in 2019.

“The largest amount of profit in the first 10 months of 2021 was received by trade enterprises – 1.63 trillion rubles, manufacturing industries – 1.19 trillion rubles, finance and insurance – 680 billion rubles, information and communications – 470 billion rubles, professional, scientific and technical activities — 460 billion rubles,” said the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations

Vladimir Efimov.

Profitable organizations are those whose revenues at the end of a certain period are higher than expenses. The share of such enterprises in Moscow has exceeded 70 percent since June 2021: according to the results of 10 months of last year, this figure was 72.6 percent. Experts recorded the same number in the same period of 2019, but in 2020 the share of profitable companies was 5.9 percent lower.

“In 2021, profit growth was noted among profitable organizations in almost all industries, both relative to 2020 and relative to the pre-crisis 2019. Thus, in the field of education, over two years, profitable companies increased their profits by 97.5 percent, in manufacturing – 2.1 times, in financial and insurance activities – 2.5 times, in healthcare and social services – more than 2 times. ,2 times,” said the Minister of the Government of Moscow, Head

Department of Economic Policy and Development of the Capital Kirill Purtov.

More information about the economic policy and property and land relations of Moscow can be found at website.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

MIL OSI Russia News