Anton Beloglazov: "Credit holidays will give businesses a temporary respite"

Anton Beloglazov: "Credit holidays will give businesses a temporary respite"
Anton Beloglazov

Anton Beloglazov, Head of Evidence-Based Economics Department at the Gaidar Institute, in a commentary for Izvestia, suggested that the adoption of the law on credit holidays for small and medium-sized enterprises (SMEs) will allow companies to get a temporary respite and stabilize their activities in the context of economic volatility.

"The key rate growth affects the dynamics of SMEs' requests for restructuring. In 2024, more than 167 thousand applications for restructuring were submitted, of which only 27.8% were approved," the expert noted, emphasizing the relevance of the proposed measure. According to him, «credit holidays will allow businesses to get a temporary respite, regroup cash flows and stabilize operating activities."

Sunday, 20.07.2025