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

Entrepreneurs and youth fell into consumer pessimism // Poll Monitoring

Consumer sentiment and expectations in Russia are at their highest since May 2018, the Central Bank said yesterday. Savings moods worsened somewhat (in July, more than 70% of respondents polled by order of the Central Bank could not put anything aside). At the same time, the share of the population that prefers to buy expensive … Read more

The SME sector is adapting to the new reality // Monitoring of business activity

New data on business activity of small and medium-sized enterprises (SMEs) showed an improvement in sentiment in this sector. Based on a survey of 1.8 thousand companies, the RSBI index (determined by the study of PSB, Opora Rossii and Magram Market Research) rose from 48.4 points in May to 50.5 points in June. In contrast … Read more

Persistent interest // Arbitrators were limited in receiving remuneration

Interest remuneration is not due to an arbitration manager if debts to creditors in bankruptcy were repaid at the expense of money from receiving compensation, and not from the sale of property at auction. This decision was made by the Supreme Court (SC) of the Russian Federation, continuing the trend towards a decrease in the … Read more

From two to five // ​​European companies in Russia experience short-term pessimism

The military operation of the Russian Federation in Ukraine and the sanctions that followed it predictably collapsed the indicator of business sentiment of European companies in Russia – a study by the Association of European Businesses (AEB) recorded a sharp increase in the pessimism of this part of entrepreneurs. Companies are most dramatic in their … Read more

Experts interviewed by Spiegel differed in assessing the consequences of the embargo on Russian oil

Refusing to import Russian oil could be the “worst possible scenario” for Europe. This opinion was expressed by Guntram Wolf, head of the Bruegel Research Center in Brussels, in a commentary to Spiegel magazine. Steffen Buckold, head of the analytical company Energy Comment, expressed the opposite opinion in the same material: according to him, the … Read more

Analysts polled by the Central Bank improved the forecast for the ruble exchange rate, inflation and GDP decline for 2022

According to the forecasts of analysts interviewed by the Central Bank, the dollar exchange rate in 2022 may average 75 rubles/$, in 2023 – 80 rubles/$, and in 2024 – 85.1 rubles/$. Analytical data were obtained by the Central Bank based on the results of a macroeconomic survey. It is noted that current indicators reflect … Read more

It didn’t get worse – and that’s good // Monitoring of business activity

A business climate study conducted by the RSPP on a monthly basis shows that three months after the start of the Russian military operation in Ukraine and the sanctions that followed it, Russian business began to adapt to the new reality. In May, the business environment index rose to 36.6 points from 32 points in … Read more

Privatization without a statute of limitations // Deals in the 1990s still carry business risks

Business Ombudsman Boris Titov, in his annual report to the President of the Russian Federation, named the uncertainty of the statute of limitations among the problems of law enforcement. It gives government agencies the opportunity to challenge the deal, concluded as part of the privatization of the 1990s, which “has an extremely negative effect on … Read more