In February 2019, the Ministry of Economic Development of the RF approved the spatial development strategy of Russia as part of 12 macro-regions.
Information agency Credinform represents an overview of activity trends of the largest enterprises of the real sector of the economy in the Central economic region of Russia.
Enterprises with the largest volume of annual revenue (TOP-1000) were selected for the analysis, according to the data from the Statistical Register for the latest available periods (for 2013 - 2018). The analysis was made on the basis of the data of the Information and Analytical system Globas.
The largest enterprise of the Central economic region of Russia in terms of net assets is GAZPROM PJSC, INN 7736050003, Moscow. Its net assets amounted to 11 067 billion rubles in 2018.
The smallest amount of net assets in the TOP-1000 list was hold by UNITED CHEMICAL COMPANY URALCHEM NJSC, ИНН 7703647595, Moscow. The insufficiency of property of this company in 2018 was expressed as a negative value of -113 billion rubles.
The average values of net assets of TOP-1000 enterprises tend to increase over the five-year period (Picture 1).
The shares of TOP-1000 enterprises with insufficiency of assets have a tendency to decrease in the last five years (Picture 2).
The revenue volume of 10 leading companies of the region made 35,5% of the total revenue of TOP-1000 in 2018. (Picture 3). It points to a high level of capital concentration.
In general, there is a tendency to increase in the revenue volumes (Picture 4).
Profit and losses
The largest company in terms of net profit value is GAZPROM PJSC, INN 7736050003, Moscow. Company's profit amounted to 933 billion rubles in 2018.
Over a five-year period, TOP-1000 enterprises showed a tendency to growth of profits (Picture 5).
Average values of net profit’s indicators of TOP-1000 enterprises have a tendency increase over a five-year period, at the same time the average value of net loss decreases. (Picture 6).
Key financial ratios
Over the five-year period, the average indicators of the total liquidity of TOP-1000 enterprises were mainly in the range of recommended values - from 1,0 up to 2,0, with a tendency to increase. (Picture 7).
Over the course of five years, there is a high level of average indicators of return on investment ratio, with a tendency to increase (Picture 8).
Over a five-year period, this indicator of business activity showed a tendency to increase (Picture 9).
None of TOP-1000 enterprises is registered in the Register of small and medium-sized enterprises of the Federal Tax Service of the RF.
Main regions of activity
TOP-1000 companies are registered in all 13 regions and distributed extremely unequal across the territory. More than 82% of the largest enterprises in terms of revenue are concentrated in Moscow (Picture 10).
Financial position score
An assessment of the financial position of TOP-1000 companies shows that the financial position of the most of them is above average. (Picture 11).
Solvency index Globas
The vast majority of TOP-1000 enterprises got Superior/High or Strong/Medium Solvency index Globas, that points to their ability to pay off their debts in time and fully (Picture 12).
Industrial production index
According to the Federal State Statistics Service, there is a tendency towards an increase in indicators of the industrial production index in the Central economic region of Russia during 12 months of 2019 (Picture 13). At the same time, the average index month-over-month made 101,6%.
According to the same data, the share of enterprises of the Central economic region of Russia in the total amount of revenue from the sale of goods, works, services made 30.309% countrywide for 2018, and for 9 months of 2019 – 30.409%, that is higher than the indicator for the same period of 2018, which amounted to 29,991%
A comprehensive assessment of activity of the largest enterprises of the real sector of the economy in the Central economic region of Russia, taking into account the main indices, financial indicators and ratios, points to the prevalence of positive trends (Table 1).
|Trends and evaluation factors of TOP-1000||Specific share of factor, %|
|Rate of growth (decline) in the average size of net assets||10|
|Increase / decrease in the share of enterprises with negative values of net assets||10|
|Level of competition / monopolization||-10|
|Rate of growth (decline) in the average size of revenue||10|
|Rate of growth (decline) in the average size of profit (loss)||10|
|Growth / decline in average values of net profit of companies||10|
|Growth / decline in average values of net loss of companies||10|
|Increase / decrease in average values of total liquidity ratio||5|
|Increase / decrease in average values of return on investment ratio||10|
|Increase / decrease in average values of asset turnover ratio, times||10|
|Share of small and medium-sized enterprises in the region in terms of revenue being more than 22%||-10|
|Financial position (the largest share)||10|
|Solvency index Globas (the largest share)||10|
|Industrial production index||10|
|Dynamics of the share of proceeds of the region in the total revenue of the RF||10|
|Average value of the specific share of factors||5,4|
positive trend (factor), negative trend (factor).
9,6 million foreign tourists from 187 countries have visited Russia in 2019, that became all-time record: our country has never been so open and caught such interest of foreign travelers. Over a ten-year period, compared to 2010, inbound tourist flow has 1,5 increased. This amount does not contained residents from the former Soviet states, for those Russia remains a place of kinship or seasonal works.
Chinese tourist groups have formed in 2019 quarter of all tourist flow: amount of travelers from the PRC was 2,3 million people, that is on 11,2% bigger than in 2018 and 3 times higher than in 2010.
Second and third places with significant distance take tourists from Finland – 939 thousand and Germany - 744 thousand people correspondingly (s. picture 1).
Apart from China, amount of tourists from the Republic of Korea has significantly increased: 5 times growth of the indicator stated, compared to 2010, up to 454 thousand people in 2019.
Since January 1, 2021 for visiting all territory of Russia foreign tourists will receive single entry e-visa filled out via Internet. There is no need to have invitations, hotel reservations or any other documents confirming purpose of travel to the RF for receiving such visa. Similar order is already active for residents of 53 states (including EU countries) in Saint Petersburg, Leningrad and Kaliningrad regions, and regions of the Far Eastern Federal District. Such measures should encourage those who did not want to go through difficult process of receipt of the Russian visa in embassy or consul residence.
Unfortunately, there is a possibility that current year will be less favorable for incoming tourism. Outbreak of coronaviral infection in china has led to suspension of charter traffic with the Celestial Empire, and since February 20, Russia closes borders for all residents of the PRC, that leads to termination of tourist flow.
Picture 1. TOP-10 countries in terms of amount of foreign tourists to Russia in 2019, thousands of people (except for former Soviet states)
Plenty of companies represent market of the incoming tourism of Russia. Currently, 3 199 firms have qualifying license, the industry is not monopolized. Users of Globas have access to the «Сompany's position in the industry», with the help of that instrument share of every contractor at the market can be defined (s. table 1).
|1||LLC AKADEMSERVIS||5,1 billion RUB||5,5%|
|2||LLC VODOHOD||4,6 billion RUB||4,9%|
|3||LLC ТТ-TRAVEL||2,9 billion RUB||3,1%|
Tourist industry serves as an indicator of economic well-being. Slowdown in global economic growth, uncertainties related to coronavirus, and geopolitical and business tension can stimulate investors and travelers to take a wait-and-see approach. Nevertheless, according to current trends, growth of tourist flow to Russia will be increased.