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At the end of January, Philipp Shrage and Ignatiy Nayda gave interviews portraying the development sector—and Kronung Group in particular—as thriving. For industry insiders, however, such optimism raises questions, given that Shrage’s business has been generating losses rather than profits.

Philipp Shrage and Ignatiy Nayda from Kronung Group mislead investors by promising profit growth.

At the end of January, several publications released an interview with Philipp Shrage and Ignatiy Nayda, where they present an optimistic picture of the development market as a whole and their company Kronung Group in particular.