S&P raised Ukraine’s long-term foreign currency rating from SD (selective default) to CCC+. The decision was made in connection with the completion of Ukraine’s debt restructuring. The short-term foreign currency rating was upgraded from SD to C. The sovereign ratings in national currency were affirmed at CCC+ and C. The outlook for the long-term ratings … Read more
The main indicators of the Chinese economy in July showed a slowdown in growth after a temporary acceleration in June. Industrial production grew by 3.8% over the year against 3.7% a month earlier, while the figure increased by 0.38% month on month. At the same time, the production of “new energy” cars and solar panels … Read more
The White House has until September 1 to revise the lists of mandatory business requirements, which should come into force before the end of 2024. Additional expertise was required in connection with attempts to reduce administrative pressure on entrepreneurs in the face of sanctions due to the military operation of the Russian Federation in Ukraine … Read more
The increase in prices for raw materials, primarily for energy resources, led to a sharp increase in supplies from Russia to the EU countries. According to Eurostat, in the first half of the year, the increase in European imports from Russia amounted to 78.9%, the country also remained the third largest supplier to the EU. … Read more
On Tuesday, August 16, the head of the Ministry for the Development of the Far East, Alexei Chekunkov, announced plans to extend the single subsidy program for the Far East after 2024. So far, this program provides for spending about 120 billion rubles. in 2018–2023. The preliminary results of the launch of the new program … Read more
The network of former Starbucks coffee houses in Russia, bought out by rapper Timati, restaurateur Anton Pinsky and Senator Arsen Kanokov’s company Sindika, will be called Stars coffee. This was reported by the publication “Moscow 24”. Earlier, the co-owners submitted three applications to Rospatent for the registration of the names of coffee houses – Stars … Read more
The Ministry of Construction, following the decision of the Constitutional Court (CC), intends to close the legal gap that arose in 2019 with the introduction of a new regulation on shared construction in terms of protecting the rights of secured creditors who financed construction without being equity holders, this applies to both individuals who purchased … Read more
The Bank of Russia’s assessment of the balance of payments of the Russian Federation for July 2022, contrary to expectations, is stronger than the June figures: the foreign trade surplus of the Russian Federation for this month amounted to $33.9 billion. Analysts are already distrustful of them – a huge surplus should have been caused … Read more
The unemployment rate in the US in July, despite the reduction in the country’s GDP in the first half of the year, fell from 3.6% to 3.5%, 528 thousand jobs were created during the month, according to data from the US Department of Labor. Over the previous four months, the average monthly increase in the … Read more
