The survey showed that the most common complaint of the head of the Russian enterprises

© Fotolia / sakkmesterkeБизнесвумен builds a tower of coins. Archival photoThe survey showed that the most common complaint of the head of the Russian enterprises© Fotolia / sakkmesterke

Insufficient domestic demand, uncertain economic situation and inflation restrict the growth of production in Russia, according to a survey of managers of large and medium-sized industrial enterprises conducted by the Center for market studies at the HSE in September-October.

The main factor limiting production activities of large and medium industrial enterprises, is the issue of demand for manufactured products is stated half of respondents (49%).

Also among antiliberal were the following factors: uncertainty of economic environment — 42%. «It is clear that it is hardly possible to expect from companies with strong investment, innovation and modernization initiatives, if their supervisors are not very well aware of the economic situation in the country and such economic agents, based on the survey, almost half», comment the authors of the study.

The leading group came in and the inflationary component, which has declared 40% of respondents, and the lack of financial means (36%). «Today, entrepreneurs are concerned not only the current cost inflation, but also, more importantly, the expected rise in external prices for raw materials, equipment, components etc. this is Especially true for economic agents working with long investment cycles over three and a half years,» comment the authors of the study.

In addition, almost half (47%) of respondents noted as a limiting factor in the growth of energy prices, and 38% complained about high interest rates on commercial loans. The study showed that a high percentage of Bank credit and the existing tax rate (34%) are not problems of the first level for businesses, despite their significant pressure on the business.

Some pressure on production activities of industrial enterprises were provided, and high transportation costs (28%), unfair competition (22%), and flaws in the regulatory framework (15%) and high cost of renting premises (13%).