The Impact of Corona Virus Infection on Economy of Russia in General and on Certain Regions of the Country (illustrated by the Krasnodar area)
A great number of enterprises of small and medium business (SMB) and a big variety of company specializations increase competitiveness of economy. A serious drop in the number of micro- and small enterprises in 2020 with a simultaneous increase in the number of medium enterprises testify to the fact...
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| Main Authors: | , |
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| Format: | Article |
| Language: | Russian |
| Published: |
Plekhanov Russian University of Economics
2022-10-01
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| Series: | Вестник Российского экономического университета имени Г. В. Плеханова |
| Subjects: | |
| Online Access: | https://vest.rea.ru/jour/article/view/1424 |
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| Summary: | A great number of enterprises of small and medium business (SMB) and a big variety of company specializations increase competitiveness of economy. A serious drop in the number of micro- and small enterprises in 2020 with a simultaneous increase in the number of medium enterprises testify to the fact that some organizations ceased their work, while others, on the contrary, integrate in order to expand and reach a new level of economic development. As 2020 was marked by the period of the corona virus infection, some organizations took a decision to merge and change their specialization to such area that were supported by the government during the pandemic to continue their business in such a complicated situation thanks to the state aid. In general, a key reason for cutting the number of SMB entities during this period is restrictive measures introduced in 2020 due to the corona virus infection. A lot of enterprises suffered losses during the pandemic and were forced to stop working. Recommendations worked out by the author on the basis of research findings can produce a favorable impact on the development of economic potential of small business enterprises. |
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| ISSN: | 2413-2829 2587-9251 |