The advertising business was the largest in terms of new registrations in the third quarter of 2023. The number of Russians who started their own business in this field increased by 75% year-on-year. In second and third place are passenger and cargo transportation, as well as educational activities.

The advertising business occupies first place in number of registrations in the third quarter

The number of company registrations in the field of advertising in the third quarter of this year increased by 75% compared to the same period in 2022. This was reported by business environment analysts.

In second place in terms of the number of new registrations was the passenger and cargo transportation sector, surpassing advertising by a fraction of a percent. In third place was educational activity, with a 50% year-on-year increase in the number of enrollments.

In the third quarter, Russians most often opened individual entrepreneurs: the distribution of individual entrepreneurs and LLCs was from 86% to 14%. Almost one in two businesses was opened by people under the age of 35, of which 13% were under 25 years old.

To prepare the study, Delovaya Sreda specialists analyzed more than 40 thousand individual entrepreneurs and LLCs opened using the business registration and remote account opening service.

Author:

Kirill Bilyk

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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