Fake saury surfaced in the networks // The volume of fake canned food is growing

The fall in incomes of the population provoked the growth of counterfeit canned fish, which are sold in retail in millions of cans. Some producers under the guise of expensive saury sell, for example, cheap sardines. But, despite the existing system “Mercury”, which allows to identify substitution, regulators under current regulations cannot withdraw such products … Read more

Gold in the blue eye // The state of the balance of payments of the Russian Federation in July is suspiciously brilliant

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 US labor market did not notice the recession // Monitoring of the world economy

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

Bottom promises to be less deep // Economists improve estimates for CIS+ economies

Despite the deterioration in estimates of overall global economic growth this year, macroeconomic forecasts for the countries of the CIS+ region are improving. The decline in GDP, according to analysts surveyed by Focus Economics, is still expected in Russia, Ukraine, Belarus and Moldova. At the same time, the assessment of the contraction of the Russian … Read more

Small business in poor health // The first statistical descriptions of the business results of the lockdowns of 2020 have appeared

The COVID-19 lockdowns of 2020, contrary to the many and varied assumptions of economists in this regard, had a predictable impact on the structure of entrepreneurship. As a study by American economists based on materials from California showed, the concentration of business sales as a result shifted towards large companies – they recovered more slowly … Read more

They didn’t fly away and sailed // Domestic tourism brought the Irkutsk region out of the price reduction trend

The Irkutsk region entered the top three regions of Russia, where annual inflation in June, contrary to the general trend for the Russian Federation, did not slow down, but accelerated by 0.24 percentage points. (up to 18.74%). In Kamchatka and Sakhalin, which are on the same list, analysts explain the acceleration of price growth rates, … Read more

Putin: Russia will not retreat in development, despite the expectations of ill-wishers

Russian President Vladimir Putin said that against Russia “not just restrictions are used on purpose, but practically the closure of access” to foreign high-tech products. In his opinion, this is necessary to restrain the development of the country. He believes that Russia will not step back in development decades ago, “as its ill-wishers predict.” “As … Read more

Why SPIC 1.0 will not solve the problem of import substitution

Despite the demand for the mechanism, market participants suggest not to overestimate the role of special investment contracts in solving problems that have arisen due to the loss of suppliers by Russian manufacturers and, accordingly, access to equipment, components and materials. “It is impossible to argue that tax incentives will solve the problems with import … Read more