The rental and leasing sectors led the growth of business registration in Russia in the summer of 2023. Among the regions, the largest number of new LLCs and individual entrepreneurs appeared in Moscow and the Moscow region, St. Petersburg, the territory of Krasnodar and the Rostov region.
The largest number of company registrations in Russia in the period from June to August 2023 occurred in the leasing and renting sectors. They accounted for 65% of the growth in new registrations compared to summer 2022, Delovaya Sreda (a Sberbank subsidiary) reported.
The three areas with the highest number of new registrations also included passenger and cargo transportation (+62%) and advertising (+61%).
“The leaders in terms of the number of registered companies in June-August 2023 were Moscow, the Moscow region, the Krasnodar Territory, St. Petersburg and the Rostov region,” the acting director noted. Alexey Grishchenko, General Director of JSC Delovaya Sreda.
People between the ages of 26 and 35 represented 28% of the new discharges, while people between the ages of 36 and 45 represented 31%. The “youngest” region became the Nizhny Novgorod region, where the share of entrepreneurs under the age of 26 was 19%.
For the study, the analysts analyzed about 40,000 sole proprietors and LLCs opened using the Business Environment company registration service.
Author:
Kirill Bilyk
Source: RB
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