Small business in poor health // The first statistical descriptions of the business results of the lockdowns of 2020 have appeared

The COVID-19 lockdowns of 2020, contrary to the many and varied assumptions of economists in this regard, had a predictable impact on the structure of entrepreneurship. As a study by American economists based on materials from California showed, the concentration of business sales as a result shifted towards large companies – they recovered more slowly … Read more

A whale should not live on land // Anatoly Kostyrev on the risks of spreading fish on bread

The head of the Federal Agency for Fishery, Ilya Shestakov, speaking on June 16 at the session “The World Ocean and Global Transformations: What kind of fleet does Russia and the world need” at SPIEF-2022, proposed an unexpected solution to the problems of grain exporters who had difficulties with the freight of foreign dry cargo … Read more

International Economic Forum // St. Petersburg hotels lack occupancy for the SPIEF period

The desire to cut costs and the predicted drop in the intensity of contacts with international partners is reducing business interest in SPIEF. This year, the occupancy of hotels in St. Petersburg during the forum may be reduced by 5-10 percentage points. The average cost of accommodation in the city at the time of the … Read more

Unabashed anxiety // April financial flows in the Russian economy looked nervous

The second month of Russia’s military operation in Ukraine looked unusual in terms of financial flows in the Russian economy. With a predictable decline in activity in the sectors of consumer and external demand, the sectors of investment and intermediate demand experienced a boom, sometimes very strange: with activity in the construction sector, activity in … Read more

From covidarion to military hospital // IMF worsened forecast for global economic recovery

Global GDP growth against the background of the crisis due to the military operation of the Russian Federation in Ukraine and rising energy and food prices will slow down to 3.6% in 2022 and 2023: up to 3.3% in developed economies and up to 3.8% in developing ones, states the new forecast of the world … Read more

The state recognized itself as an investor // FTIP is being turned into a five-year plan to stimulate the economy

The government fixed by resolution No. 655 of April 14, 2022 a new structure for discussing budget investments in construction. To use budgetary capital investments as a counter-sanction stimulus for the economy in the Russian Federation, a new state program will be launched – a five-year comprehensive (intersectoral) program “Construction”. It will be managed by … Read more

Inter RAO will build a power plant for BAM // The only company that dared to enter the competition

According to Kommersant, Inter RAO became the only participant in the selection of projects for the construction of a generation facility in the Bodaibo district of the Irkutsk region. To supply power to the Eastern test site, Inter RAO intends to build a gas-fired thermal power plant with a capacity of about 500 MW. Other … Read more

Race against inflation // Key rate raised to 9.5% per annum

In the fight against ever-increasing inflation, the Bank of Russia again raised the key rate – from 8.5% to 9.5% per annum – and did not rule out its further increase. The regulator also pushed back the projected time for the return of consumer price growth rates to the target 4% – now it is … Read more

Colored candy wrappers on a firm course // Dmitry Butrin on how global supply chains will change after the pandemic

Problems with global supply chains (GSC) were probably the biggest surprise of the second half of the year. The question is not that no one expected the failures – they were quite predictable, but if they were discovered in the fall of 2020, after the second wave of quarantine restrictions, it would look more natural. … Read more