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

China is losing momentum // Monitoring of the world economy

The main indicators of the Chinese economy in July showed a slowdown in growth after a temporary acceleration in June. Industrial production grew by 3.8% over the year against 3.7% a month earlier, while the figure increased by 0.38% month on month. At the same time, the production of “new energy” cars and solar panels … Read more

Labor migrants set a record // Monitoring of the labor market

In the second quarter of 2022, a record number of labor migrants entered Russia, according to a review by the consulting company FinExpertiza, based on migration statistics from the Ministry of Internal Affairs. In April-June of this year, their number reached 3.12 million people, which exceeds the figures for the same period over the past … Read more

Unemployment left for the fall // Ministry of Economy shared a slight concern about future employment

Economics Minister Maksim Reshetnikov expects Russia’s record low unemployment rate to rise slightly in the fall, as evidenced by rising rates of underemployment at enterprises, he said. So far, according to surveys by the Gaidar Institute, the proportion of workers who have been transferred to a shorter working day, sent on vacation or are in … Read more

The NBU will start publishing derivative indicators of the Ukrainian Index of Interbank Overnight Rates

From August 10, 2022, the National Bank will start publishing derivative indicators of the Ukrainian Interbank Overnight Rate Index (UONIA). According to Ukrinform, this is reported by press office financial institutions. “From August 10, 2022, the National Bank introduces the calculation and publication of derivative UONIA indicators, namely the cumulative index and cumulative average UONIA … Read more

Industry sentiment confuses analysts // Monitoring of market conditions

In the current issue of the Commentaries on Government and Business bulletin, analysts from the HSE Development Center (CR) examine the results of market surveys by Rosstat of industrialists in June 2022 (see chart). Against the backdrop of a recession in the sector (caused by both supply and demand factors), depletion of stocks and expectations … Read more

The well-being figure // Experts compared the online skills of Russians and residents of OECD countries

The conditions created in the Russian Federation for enjoying the benefits of digitalization are generally comparable to those in the OECD countries, there is a lag in a number of parameters, but it is insignificant. Experts from the HSE Institute for Statistical Studies and Economics of Knowledge (ISSEK) came to this conclusion after comparing Russian … Read more