Quarter of Minsk hotels and restaurants are unprofitable


In January-February, 2015, 24.6% of hotels and restaurants in Minsk were unprofitable.

It is less than in January, 2015 (27.7%), but more than in January-February, 2014 (21.5%). These data are given by the National Statistical Committee (Belstat). The overall profitability of Minsk hotels and restaurants decreased and amounted to 2.2% (in January, 2015, it was 0.4%; in January-February, 2014, - 4.5%).

Overall, in Minsk in January-February 422 organizations turned to be loss-making (26%). The sum of their net loss amounted to 3.8 trillion rubles ($263.5 million – ed), which is 3.2 times more than in the same period last year.

A great number of unprofitable organizations are also observed in industry (39%), trade (38%) and transport (28%). There are no loss-making companies in the communications sector, as well as in the financial one.

Text and pictures by TUT.BY