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Number of enterprises with German participation declines in Russia

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Number of enterprises with German participation declines in Russia

In the year 2016, a number of enterprises with German participation decreased by 6% in Russia.

As Construction.RU was told today by the press office of the Russian and German Chamber of Commerce, it was economic situation in the Russian Federation during the years 2015 and 2016, as well as significant devaluation of ruble currency that affected such a decline.

Also, in connection with the new riles of subsidiary’s reregistration, which came into effect since the 1st of January, 2015, the interaction with tax authorities has been significantly complicated. Repeated unjustified refusals have been revealed over the course of the companies’ reregistration.

However, at present, German companies are more optimistic and count on economic growth in Russia.

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