Source Pravda.Ru

Half of Russian Light Industry Companies are Unprofitable

The Russian light industry sector comprises 16,000 companies, of which 2,800 are large and medium-sized companies, the Ministry of Industry, Science and Technology reported to RBC. Meanwhile, half of the light industry companies are unprofitable. Moreover, only 312 firms (out of 16,000) account for 70 percent of the whole industry's output.

In general, the Russian light industry accounts for only 1.5 percent of the country's industrial products. The largest production volume in the domestic light industry is registered in Moscow, the Moscow region and Saint Petersburg.

More than 5.8 million people voted for Nicholas Maduro at the presidential election in Venezuela. This is more than a quarter of registered voters. Why did those people vote for the man, who, as Western media write, took Venezuela to the brink of collapse?

Venezuela may expect another Panama scenario from 1989
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