sanctions contributed to the development of domestic tourism in Russia

The publication notes that tourism in Russia is developing, because, contrary to the sanctions, the ruble has strengthened, and the level of employment and incomes of the population has become stable. If someone had to limit themselves to one country, then Russia, the largest in terms of area in the world, is a good choice, … Read more

Dollar exchange rate. Forecast for August 22-26 // Opinions and forecasts of analysts on how the ruble will behave

The ruble finished the last week with a sharp strengthening of its positions against foreign currencies. According to the results of Friday trading, the dollar exchange rate on the Moscow Exchange amounted to 59.1 rubles / $, which is 1.5 rubles. lower than the previous week’s close. The strengthening of the Russian currency was facilitated … Read more

World food prices continue to decline // Infographics

The FAO Food Price Index continues to decline for the fourth consecutive month from the record highs recorded in March. In July, the average value of the index was 140.9 points, which is 13.3 points, or 8.6%, lower than in June. This is the sharpest decline since October 2008, according to FAO materials. It is … Read more

Wage cuts did not prevent spending // Social payments and “other income” stopped the decline in household consumption

According to Rosstat, by the end of the second quarter, the rate of decline in real wages and consumption of non-food products in annual terms slowed down. Against the backdrop of declining wages (the main factor in the fall in real incomes by 0.8%), a stable labor market, the growth of social transfers and other … Read more

They don’t trade with strangers here // The Ministry of Industry and Trade closes the defense of the state order from Western computer technology

The Russian side submitted proposals to the Eurasian Economic Commission (EEC) on changing the rules for public procurement of computer equipment, servers and data storage systems in the EAEU. In fact, we are talking about the fact that the Russian Federation, as the largest state customer in the union, intends to evade purchases, at least … Read more

Removal of restrictions on the exchange rate for banks contributed to the strengthening of the hryvnia – National Bank

Removal of restrictions on the exchange rate for banks contributed to the strengthening of the hryvnia – National Bank 06/16/2022 11:43 Ukrinform The removal of the restriction on the exchange rate for banks helped to stabilize the situation on the foreign exchange market and contributed to the strengthening of the hryvnia. This was reported to … Read more

Experience is required // The government is tightening the requirements for participants in housing and communal services concessions

The government submitted to the State Duma a draft law on limiting the participation of state unitary enterprises and municipal unitary enterprises in concessions in housing and communal services and on new requirements for investors in this area. In particular, future concessionaires will be required to confirm their work experience in the public utilities sector, … Read more

The bottom of the fall is not yet visible // Monitoring of the conjuncture

In May 2022, the composite leading index (SRI, an indicator of economic activity calculated by the HSE Development Center) was minus 1.2%. For the second month in a row, its value is in the negative area. In May, however, a weak growth of the indicator was recorded after the April failure (see chart). The main … Read more