The number of bankruptcy cases among Russian construction companies has surged by more than 30% in just three months, leaping from 1,089 in June to 1,454 by early September, The Moscow Times reported on September 25.
The number of bankruptcy cases in the Russian Federation increased by 41 per cent over the year, with regional developers having the greatest problems.
The number of construction company bankruptcy cases in Russia reached 1,454 by the beginning of September, compared to 1,089 in June, with an increase of 41 per cent over the year, as reported by the newspaper Izvestia.