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Half of Moscow Fitness Clubs may Go Bankrupt by the End of the Year
15.12.2020 19:03
Half of Moscow Fitness Clubs may Go Bankrupt by the End of the Year

The Commissioner for the Protection of the Rights of Entrepreneurs in Moscow, Tatyana Mineeva, predicted that up to 50% of Moscow fitness clubs may close by the end of 2020 or in the first quarter of 2021.

      Representatives of the industry are asking the city authorities to introduce subsidies: in particular, reducing taxes and contributions, subsidies for payment of arrears, a moratorium on the return of advance payments for an annual subscription, etc., RBC reports. Experts estimate the overall decline in the fitness and sports industry at 35%. In the first wave, due to the suspension of the activities of most businesses, from 15 to 20% of fitness clubs and similar enterprises have already gone bankrupt. “If this dynamics continues, then by the end of 2020 - the first quarter of 2021, 50% of fitness clubs will go bankrupt,” the ombudsman concluded.

Author: Anna Dorozhkina

Tags: Moscow Russian business Russian economy   

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