Economy

Economy · 26. October 2020
In Italy, +21% in serious delays compared to December 2019 but companies invest in their "ecosystem of relationships". Studio Pagamenti 2020 has been a crucial appointment to discuss about data on companies’ payments, essential information to monitor their…

Economy · 21. October 2020
The moratorium on bankruptcy expired on October 6, 2020 and was prolonged by the Russian Government until January 7, 2021. The restrictive measure has been protected 525 thousand companies and 1,6 million sole entrepreneurs from creditors' claims. The next 3 months the moratorium continues to...

Economy · 19. October 2020
Regulations on investment entities to establish economic organizations in Vietnam...

Economy · 09. October 2020
CRIF AG has looked at how many new businesses were established in the 3rd quarter and how many companies went out of business. All in all, 11,682 companies were set up in Switzerland during

Economy · 29. September 2020
As of 2020 financial statements are published in Russia by a new source - the State information resource of accounting (financial) statements (GIR BO), the maintenance of which is entrusted to the Federal Tax Service of the Russian Federation - Russian registration body (Registrar). According to the Russian Federal Law companies should file annual financial statements with the tax authorities no later than 3 months after the end of the reporting period. At present over 2,15 million financial...

Economy · 29. September 2020
The Law on Investment 2020 of Vietnam, effective from January 1, 2021, has more investment incentives than the 2014 version. These changes are made to attract more foreign investment into Vietnam and create “uniformity” in investment incentives in legal documents. More sectors entitled to investment incentives Regarding sectors entitled to investment incentives, Article 16 of the Law on Investment 2020 has added the following industries to the list. This includes: - Manufacture of products...

Economy · 15. September 2020
Starting 30 June 2020, is reported a negative economic impact of the Covid-19 emergency on the punctuality of payments of companies: the companies that pay the suppliers with serious delay (beyond the 30 days) are 11,8%. an increase compared to the first quarter of 2020 (10.6%) and substantially similar to that of a year ago (11.6%). Information underlined by a study done by CRIF considering data related to first half of 2020. However, there is some slight improvement, especially for...

Economy · 19. August 2020
Mr. Vu Tuan Cuong, Director of Drug Administration of Vietnam, said that the pharmaceutical market of Vietnam is currently worth USD 5.2 billion with the growth rate of 12% per year. Despite rapid growth, Vietnam's production capacity can only meet 53% of domestic pharmaceutical demand. In 2018, Vietnam's spent nearly USD 2.8 billion on importing pharmaceuticals. In 2019, this spending increased by 10%. Vietnam is also highly dependent on imported pharmaceutical materials, mainly from China...

Economy · 10. August 2020
The number of filed bankruptcy petitions also decreased month-on-month. In July this year, 54 bankruptcies of commercial companies, 605 bankruptcies of natural persons, entrepreneurs and 1,391 personal bankruptcies were declared. The number of bankruptcies thus decreased month-on-month. At the same time, 53 petitions for the bankruptcy of companies, 570 petitions for the bankruptcy of natural persons and entrepreneurs and 1,508 petitions for personal bankruptcy were filed. The number of...

Economy · 10. August 2020
It is expected that the Russian economy will face a wave of bankruptcies in the next 6 months. The reason - the end of the moratorium on bankruptcy introduced on April 1, 2020 due to business activity deceleration resulting from the impact of Covid-19. Realizing the scale of future damage, the Government of Russia suspended the initiation of insolvency proceedings for 6 months in order to avoid mass company liquidations. Along with the moratorium, restrictions are introduced that directly...

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