2%
of representatives of small manufacturing companies who are prepared to take out long-term loans to develop and modernize their operations would agree to do so at rates comparable to the current rates of 18-21%.
In general, only 41% of business leaders surveyed today would like to take out long-term loans to expand and modernize their operations. Moreover, almost all of them are only prepared to seek long-term loans at interest rates that are far from current rates. Nearly two-thirds of entrepreneurs would take out loans at rates that do not exceed 10% annually. About a quarter of them believe that the maximum rate should not exceed 10-12%. One out of every ten respondents would agree to take out a loan at 12-14% per annum.
These data are presented in a new Monitoring the Business Climate in Small Manufacturing Companies study that was conducted in the second half of 2015 by the Centre for Business Tendency Studies at the HSE Institute for Statistical Studies and Economics of Knowledge (ISSEK). The study was prepared on the basis of surveys held at more than 800 companies in 20 Russian regions.
See also:
30%
of entrepreneurs in service industries reported a decrease in consumer demand for their services in the fourth quarter of 2015.
15%
of directors at Russian industrial companies in October reported a decrease in the number of employees compared to September.
+4%
was the index of business confidence in retail trade. The indicator’s value increased after six months of being in a critical zone near zero.
5%
of industrial managers view the current economic situation at their enterprises as ‘favourable’.
–14%
was the level to which the business confidence index in building materials production fell in May of this year.
-12%
was the level to which the business confidence index in the service sector fell in the first quarter of 2015. This is a record decline. For the year, the value of the index has fallen by 10 percentage points.
30%
of entrepreneurs in the retail sector reported that they had reduced headcount in their organizations in the fourth quarter of 2014. Compared with the beginning of the year, the trend with respect to headcount reductions has doubled.
31%
of construction companies are experiencing a shortage in graduates from educational institutions who have either technical training or who specialize in a trade.
72%
of Russian managers at small industrial companies note that one of the main factors limiting production is the uncertainty surrounding the current economic situation.