Economist Kovrigin: the weakening of the euro will be a factor in the recession in the EU

Federal News Agency The European Union is at risk of entering a recession, and one of its reasons will be a significant weakening of the euro. This view of the future of the European economy is shared by Vadim Kovrigin, head of the Lipetsk regional branch of the Party of Growth. “A weak eurozone currency … Read more

Sergei Puskepalis could have survived the accident if not for one factor

A close friend of Puskepalis, Vadim Kuzovkin, confirmed that another driver was supposed to be driving the armored car in which the actor was traveling to Donbass. However, due to urgent business, the driver could not go and was replaced by a less experienced colleague. .

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

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

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

Hackers lie down // Attack activity has dropped sharply

After large-scale hacker attacks on Russian sites in May, their intensity, that is, the number of IP addresses involved, halved by the end of June. Experts attribute the trend to the absence of obvious aggravations in the foreign policy situation and increased traffic blocking at the borders. Another factor could be a sharp decline in … Read more

National projects are recognized as a supporting structure // The government sees their implementation as a way of economic adaptation

The current and forthcoming changes in the budget policy caused by the sanctions against the Russian Federation are unlikely to significantly affect the national projects. Financing of 15 national projects increased from 2.6 trillion rubles. in 2021 up to 3 trillion rubles. in 2022, there will be no radical changes either in planned indicators or … Read more