Dollar exchange rate. Forecast for August 22-26 // Opinions and forecasts of analysts on how the ruble will behave

The ruble finished the last week with a sharp strengthening of its positions against foreign currencies. According to the results of Friday trading, the dollar exchange rate on the Moscow Exchange amounted to 59.1 rubles / $, which is 1.5 rubles. lower than the previous week’s close. The strengthening of the Russian currency was facilitated … Read more

Net loss of Global Ports amounted to $400.7 million in the first half of the year

The largest container terminal operator in the Russian market, Global Ports, has published operating results (.pdf) for the first half of the year. According to the report, the company’s net loss amounted to $400.7 million. “The net profit loss is not cash. Taking into account the market prospects that have become less predictable, the company … 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

Gold in the blue eye // The state of the balance of payments of the Russian Federation in July is suspiciously brilliant

The Bank of Russia’s assessment of the balance of payments of the Russian Federation for July 2022, contrary to expectations, is stronger than the June figures: the foreign trade surplus of the Russian Federation for this month amounted to $33.9 billion. Analysts are already distrustful of them – a huge surplus should have been caused … Read more

How oil and gas revenues of the budget changed // Infographics

The volume of additional oil and gas revenues associated with rising oil prices in July turned out to be lower than planned by 74.7 billion rubles, the Finance Ministry said. As follows from the materials of the department, the total volume of oil and gas revenues in July amounted to 770.5 billion rubles, which is … Read more

Social order expands its path // The Ministry of Finance summed up the results of a profile pilot

As follows from the speech of Deputy Minister of Finance Alexei Lavrov at the relevant All-Russian seminar-conference in Ufa, the department is satisfied with the practice of using social certificates in the Russian Federation to pay for services in this area and is ready to expand the scope of social contracting. To do this, the … Read more

Production is growing, exports are falling // IEA assessed the June situation in the Russian oil industry

The risks of a slowdown in the global economy have a negative impact on the demand for oil, while the volume of supply, on the contrary, is increasing. In June, according to the International Energy Agency (IEA), the increase in supply amounted to 690 thousand barrels per day (b / d). The strongest increase in … Read more

Capital investments are falling with acceleration // Monitoring of investments

In May 2022, investment activity in the Russian economy continued to decline at an accelerating pace. This follows from indirect estimates made by CMASF analysts based on data on the supply of investment goods. The corresponding index, which is a weighted average of the indices of production (excluding exports) and imports of investment equipment and … Read more

Emerging markets are losing capital // Monitoring / world economy

Portfolio investment in emerging markets in June declined for the fourth month in a row. Their total indicator fell by $4 billion, while investments in shares fell by $10.5 billion, and an inflow of $6.6 billion was recorded in bonds, calculated at the Washington Institute of international Finance (IIF). The inflow of funds into Chinese … Read more