“There is nothing to explode there” // Deputy Minister of Industry Alexander Morozov on the transition to electric and hydrogen cars

The Russian government expects the localization of electric and hydrogen cars from the auto industry in the coming years, preparing to conclude the first special investment contracts in early 2022 and raising barriers to the import of such cars. Alexander Morozov, deputy head of the Ministry of Industry and Trade, told Kommersant why auto concerns … Read more

Demand will be supported by incentives // Buyers of domestic IT solutions will be given a discount on income tax

Within the framework of the “second package” of measures to support the IT industry, the government has agreed on new benefits for buyers of domestic software and hardware. All of them relate to income tax – we are talking about the application of a multiplying coefficient to the costs of purchasing Russian solutions in the … Read more

Putin introduced amendments to the State Duma to increase the minimum wage and the living wage

Russian President Vladimir Putin submitted to the State Duma a draft amendment to raise the minimum wage and the living wage by 8.6%. This was announced by the head of the State Duma Committee on Budget and Taxes Andrei Makarov. “The President appealed to the deputies and, naturally, the government to work out this issue … Read more

Fed is finally winding up // The regulator announced the beginning of the reduction of the asset repurchase program

Following its November meeting, the Federal Reserve System (FRS) of the United States announced the beginning of the curtailment of the stimulus program for asset repurchases – it is assumed that the reduction will be $ 15 billion per month with the current volume of repurchases at least $ 120 billion. The key rate remained … Read more

The check was raised for loans // Citizens began to borrow a lot

The average size of loans in all categories increased sharply in September. In annual terms, the growth amounted to 7-30% depending on the segment. This is due not only to the rise in prices for goods and services, but also to the growth of inflationary expectations of the population. The trend will continue in the … Read more