Tiraspol, 13 June. /Novosti Pridnestrovya/. In the second half of 2015 — early 2016 Pridnestrovie's industrial sector had to adopt to the crisis conditions, optimise production costs and logistics and seek new market outlets. In the second half of 2015 the external market environment worsened even more in comparison with 2104.
Such a conclusion comes from the results of a monitoring of 39 industrial enterprises conducted by the Pridnestrovian Republican Bank (PRB). The monitoring results are published in The Bulletin of the PRB.
It notes, in particular, that the second half of 2015 saw a decrease in the number of employees and wage cuts at some enterprises.
According to industrial top managers, poor demand is still one of the main factors restricting production development. This refers to both home and foreign markets. «It should be noted that the majority of enterprises experienced difficulties in selling their goods through major retail outlets," reads the monitoring.
Those enterprises selling goods in the domestic market, in the meantime, noted the mounting pressure of imports. «In most cases this is due to lower prices of imported analogues, which are often of poor quality," say PRB specialists.
With regard to exports, the enterprises which were subject to monitoring exported more goods to Moldova and EU countries, but sold less to Russia and Ukraine in the second half of 2015.
The enterprises still allocated most of investments to the maintenance of their production capacities. According to the monitoring, 38.5% of respondents sought opportunities to modernise their outdated capital assets, and every tenth enterprise modernised its equipment to launch new products.
Only in single cases were capital investments social-oriented. One in five, at the same time, refused to implement investment projects.
When asked about the negative factors restricting the use of commercial banks' credit resources, managers indicated high interest rates on bank credits and the bad financial situation of the enterprise itself among the chief factors. A number of manufacturers feared to take up loans due to general economic instability and the unpredictable development of the financial situation at the enterprise.
Pavel Uvarov.
