📋 Tender Overview
Over 86% of Russian companies plan to cut costs to improve operational efficiency. This is stated in the RSPP monitoring The State of the Russian Economy and the Activities of Companies.
According to the study, 86.3% of respondents chose cost reduction as the main measure to improve efficiency in the current conditions. The RSPP notes that this option traditionally remains the most popular with a noticeable gap from the others. However, in the first quarter such an answer was given less often - in 65.4% of cases.
What are companies going to save on?
Among those who plan to cut costs, 83.6% intend to reduce costs for administrative and general business needs. Another 46.3% of companies reported plans to reduce personnel costs. The RSPP emphasized that compared to the data for the first quarter, the share of such a response almost doubled.
Separately, the monitoring notes an increase in the number of companies that are ready to raise prices. The share of such responses more than doubled - to 26% compared to 11.1% in the first quarter.
Investments, digitalization and production
Just over a quarter of those surveyed reported that they were preparing to launch projects to introduce digital technologies into production and services. The RSPP indicated that the relevance of this measure has increased, and the share of such companies has increased by 10 percentage points.
Also, 19.2% of companies intend to maintain or increase the volume of investment programs. Another 15.1% of organizations reported that they were going to intensify production.
