Achievements of the people’s Abkhazia // Where the citizens of the Russian Federation spent their summer

The summer season turned out to be better for the tourist market than its participants expected. Due to the recovery in demand and rising prices, the volume of bookings in physical and monetary terms increased compared to the previous year. Abkhazia has become the most growing destination for summer travel this year, partially replacing Crimean … Read more

Multi-apartment buildings are being built even more slowly // Construction Monitoring

The commissioning of multi-apartment housing in July continued to decline, as follows from the data of Rosstat, in annual terms, 2.8 million square meters were put into operation last month. m, which is 14% less than a year earlier, when the volume of commissioning amounted to 3.2 million sq. m. m. Also, the figures for … Read more

Deliverymen calculate the assembly // Growth of e-grocery slowed down

The e-grocery segment — food delivery from stores and dark stores — grew by almost 70% year-on-year in the second quarter of the year. But compared to January-March, the market saw a drop of almost 20% in monetary terms. Market participants explain this by seasonality and a decrease in investments by segment players. Experts note … Read more

The decline in industrial prices so far slows down consumer inflation // Price monitoring

In July, compared to June 2022, producer prices of goods decreased by 2.2%, in annual terms, their growth rates decreased to 6.1% against 11.3% in June, Rosstat estimated. The deflation of selling prices in the industry is in line with the expectations of companies (see Kommersant of June 29) and has been observed for the … Read more

Dear Enemies // The rise in oil prices has made Russia one of the three largest suppliers of the European Union

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

The eurozone remains in positive territory // The economy of the currency bloc is growing along with inflation

In contrast to the US economy, which shrank in size in the second quarter, the GDP of the euro area countries increased by 0.7% over this period (counting all EU states – by 0.6%). Another key indicator – inflation continued to accelerate, increasing on average across the eurozone in July to a new record – … Read more

GDP in the eurozone in the second quarter grew by 4% in annual terms

Eurozone GDP growth in the second quarter amounted to 4% in annual terms, 0.7% – in quarterly terms. Inflation in July accelerated to 8.9% after 8.6% in June, which became a historical maximum. As follows from the preliminary data of the Statistical Office of the European Union, in annual terms, the volume of GDP in … Read more

Operational downturn // Economy accelerates contraction amid mounting uncertainty

The contraction of the Russian economy is accelerating. According to the Ministry of Economy, in June, GDP contracted by 4.9% in annual terms after a decline of 4.3% in May and 2.8% in April 2022, and in the first half of the year the economy shrank by 0.5%. The output of goods and services by … Read more