The economist admitted the emergence of a new monetary system in the world

Against the backdrop of recent geopolitical events, the degradation of the system of monetary relations and trade settlements in the world may take on a complete form. This was announced on September 4 by the chief economist of the Expert RA agency Anton Tabakh. “The degradation of the existing system has been observed for a … Read more

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

Deliverymen calculate the assembly // Growth of e-grocery slowed down

The e-grocery segment — food delivery from stores and dark stores — grew by almost 70% year-on-year in the second quarter of the year. But compared to January-March, the market saw a drop of almost 20% in monetary terms. Market participants explain this by seasonality and a decrease in investments by segment players. Experts note … Read more

Don’t shoot a chess player // It was found out how the Bank of Russia beats the markets: it calculates better

In a series of reports by the Bank of Russia, a publication was published on one of the most interesting topics for the market – about the “surprises” of monetary policy (MP). The conclusions of the authors: the main role in the fact that the signals of the Central Bank are rarely accurately guessed by … Read more

Dear Enemies // The rise in oil prices has made Russia one of the three largest suppliers of the European Union

The increase in prices for raw materials, primarily for energy resources, led to a sharp increase in supplies from Russia to the EU countries. According to Eurostat, in the first half of the year, the increase in European imports from Russia amounted to 78.9%, the country also remained the third largest supplier to the EU. … Read more

Increase in global balances // IMF predicts growth in global surpluses and deficits

Rising energy prices and the conflict in Ukraine will further increase the global current account balance this year to $3.9 trillion (3.8% of global GDP), according to a new report from the International Monetary Fund (IMF). An excess of global volume of deficits and surpluses, according to the organization, can increase protectionism and increase trade … Read more

The Bank of England made its bet // The British regulator supported the trend towards tightening monetary policy

The Bank of England on Thursday, following the US Federal Reserve System and the European Central Bank, decisively raised the interest rate – by 50 basis points at once, to 1.75% per annum. This was the most significant increase in the indicator over the past 27 years. In this way, the regulator is trying to … Read more