For Whom the Turkish Lira Rings // The Turkish authorities’ refusal to tighten the monetary policy devalues ​​its currency

The Turkish lira exchange rate continued to weaken last week – it has almost halved against the US dollar since the beginning of the year. The main reason for the continuing pressure on the currency is the position of President Recep Tayyip Erdogan, who insists on cutting the interest rate, despite the acceleration of inflation … Read more

The government has expanded the list of industrial parks eligible for state support

The list of industrial parks receiving federal subsidies has been supplemented by two more facilities – Grabtsevo in the Kaluga Region and Krasnodar. The amount of state support for them in 2021 will amount to 560.4 million rubles. and 20.9 million rubles. respectively. The corresponding order (.pdf) was signed by Russian Prime Minister Mikhail Mishustin. … Read more

Peskov: inflation is high, but government measures are helping to avoid sharp spikes

Press Secretary of the Russian President Dmitry Peskov said during a press call that the situation with rising prices in the country “is being amortized” thanks to measures taken by the government. “Well, there are no sharp surges, but inflation is high, this is constantly discussed. Government measures help to avoid surges, work is underway, … Read more

RBC: the government approved the sale of control over Abramovich’s timber holding to a Japanese company

The government commission for the control of foreign investment has approved the sale of 75% of the timber industry holding RFP Group to Roman Abramovich and partners of the Japanese Iida Group Holdings, RBC reports, citing government sources. RFP Group is the largest timber industry enterprise in the Far East. According to the newspaper, the … Read more

Small business is propped up with a big date // The government intends to solve its problems only in automatic mode

The government commission on the development of small and medium-sized businesses insists on completing the digitalization of its state support. The White House is ready to work on expanding SMEs’ access to finance, developing sales markets, deregulating and building infrastructure to support small companies in the regions, but expects standard, clear and targeted digital tools … Read more