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

Everyday life of adaptation // Imports are stabilizing, but it is not known what will be missing

Russian mirror import statistics show a summer slowdown in the decline in equipment supplies to the country. With a slowdown in investment in the economy, this can be explained by the activity of small and medium-sized companies, including those stimulated by the state. All this, however, does not guarantee that by winter the problems in … Read more

Control and supervision will be recalculated before autumn // Mandatory requirements are promised an additional test for effectiveness

The White House has until September 1 to revise the lists of mandatory business requirements, which should come into force before the end of 2024. Additional expertise was required in connection with attempts to reduce administrative pressure on entrepreneurs in the face of sanctions due to the military operation of the Russian Federation in Ukraine … Read more

Shein recognized as Chinese // Rospatent protected the brand from a Russian competitor

As it became known to Kommersant, the Chinese online retailer and manufacturer of fashionable clothes Shein is arguing for its brand with the Russian ND Commerce Group LLC. The latter in 2020 issued the shein trademark for clothing and footwear and sold these goods in the Russian Federation. Shein secured the deregistration of the mark, … Read more

And other legal entities // In the Russian Federation, for the first time in six years, the number of established companies is growing

Experts from the Higher School of Economics recorded an increase in economic activity in Russia – for the first time in six years, an increase in the number of created legal entities was noted while a decrease in the number of liquidated companies. However, the trend has not been reversed – in total, so far, … Read more

Services have pulled up consumption // But the growth of business activity in this area may be short-lived

With improved business activity in the services sector, the composite PMI rose to its highest since mid-2021 in July. The main reason for this is the increase in domestic demand. However, the demand for services, which increased from the second half of June, began to shrink again by the end of July. Growth in consumer … 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

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