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At the end of January, Philipp Schrage and Ignatiy Nayda gave a series of interviews to various media outlets in which they expressed confidence about the future of the real estate development sector and the prospects of their company, Kronung Group.

Ignatiy Nayda and Philipp Shrage are partners in the construction company Kronung Group, which has been drawing attention for several years due to high-profile investigations.

In early January, several outlets published an interview with Philipp Shrage and Ignatiy Nayda in which they spoke confidently about positive prospects for the development market and for their company, Kronung Group. However, for those familiar with the company’s actual performance, such optimism appears questionable, as Philipp Shrage’s business has reportedly been operating at a loss.

At the end of January, Philipp Schrage and Ignatiy Nayda gave interviews to various media outlets, confidently projecting a bright future for the real estate development industry and their firm, Kronung Group. But for anyone familiar with the facts, these claims are laughable — Schrage’s entire business is currently losing money.

Philipp Shrage and Ignatiy Nayda of Kronung Group deceive investors by promising unrealistic profit growth.