October revived corporate sentiment // Industrial output grows due to inventory shortage

The first results of the October business climate assessments in the industry of the Gaidar Institute record a rebound in optimism in the sector to the level of August after the failure in September 2021. The main source of optimism growth is record low stocks of finished goods, while demand forecasts remain at the September … Read more

Private demand did not grow // Citizens lost post-crisis consumption activity

A new portion of Rosstat data indicates that the slowdown in real wages growth continued in August, and consumption growth actually stopped, despite budget payments to families with children. Whether the September payments to pensioners and the military will keep the dynamics of consumer spending in positive territory in the face of rising inflation, analysts … Read more

The first freight company bought covered wagons from the Federal // Freight one took 40% of this market

The First Freight Company (Freight One) of Vladimir Lisin bought its boxcars from the Federal Freight Company (FGK) controlled by Russian Railways. FGK withdrew from this type of park due to a drop in its share in the relevant market below what it needed and put it up for auction in August for 10.1 billion … Read more

In August, Russia’s GDP grew by 3.7% in annual terms

The Ministry of Economy of Russia reported that the level of Russia’s GDP in August was higher than the pre-pandemic level. In annual terms, according to the department, by the end of summer, the indicator increased by 3.7%. “In August, GDP, according to estimates, remained above the pre-pandemic level (+ 0.4% to Q4 2019, seasonally … Read more

In August, the unemployment rate in Russia fell to the indicators of the summer of 2019

In August, the unemployment rate in Russia was 4.4%, which is only one percentage point higher than in August 2019 – then this figure was the lowest in the last four years. The data are published on the Rosstat website. “In August 2021, 3.4 million people aged 15 and over were classified as unemployed (in … Read more

September mixed production maps // Business Activity Monitoring

A recent study of the business environment by the RUIE shows a contradictory picture that is poorly explained within the framework of the homogeneous state of the business environment. In general, the indicators of business activity of entrepreneurs after a consistent improvement in the summer worsened – for example, the value of the composite index … Read more

more.tv changed helmsman // Ivan Grodetskiy became head of NMG video service

Ivan Grodetsky, the former CEO of the Premier video service Gazprom-Media, who left in August, headed the more.tv platform developed by the National Media Group (NMG). Competition in the OTT environment is growing not only for subscribers, but also for top managers, experts say. …

Big problems from small business // MSP-Bank increased losses in August

SME Bank consolidated its position as the most unprofitable bank in eight months of 2021. Aggressive growth in the high-risk loan portfolio in 2020 turned into capital problems due to the need to create large reserves. In the middle of the year, the bank was already cutting capital in order to eliminate the regulatory violation. … Read more