Unprofitable Companies Rise in Number 11:11, 16/01/2002
In absolute figures their number rose to 73, while 21 Brest industrial objects failed last year’s planned parameters on the industrial growth rate. Such enterprises as “Elma”, “Nadzeya”, “Bresthleboproduct”, canned meat plant, “Ice-cream” firm and the “Tsvetotron” factory reduced their production volumes. Every third company in the region has its creditor’s indebtedness outnumber the debtor’s by two and more times, while the companies’ debt for energy supplies in the town constitutes more than 8bln rubles. The amount of manufactured goods stockpiled at the warehouses is also growing. Nonetheless, reports the “Brest Courier” newspaper, the Brest companies are faced with a task to raise the industrial turnover next year by 7%. However, some experts believe that for many companies, judging by their current grave condition, it will be next to impossible to fulfill these parameters.
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