Kyrgyzstan announces trend towards stabilization of conflict on border

The situation on the border of Kyrgyzstan and Tajikistan remains tense, but is gradually returning to normal. This was announced on Saturday, September 17, by the Kyrgyz border service. “As of 08:00 (05:00 Moscow time) on September 17, 2022, the situation on the Kyrgyz-Tajik section of the state border is characterized as tense with a … Read more

Experts pointed to the stabilization of car prices in Russia

According to experts, in the summer of 2022, the average cost of new cars and used cars in Russia stabilized. On August 22, Izvestia was informed about this by the Avito Auto portal. The average price of new cars in July 2022 in the Russian market was 2,464,000 rubles. The average price of used cars … Read more

OPEC Secretary General: Russia played an important role in stabilizing the oil market

The lack of financing in the industry has led to an increase in oil prices, according to OPEC Secretary General Haytham al-Ghais. He said Russia played a “critical role” in maintaining market stability. He also warned about the risk of a reduction in supply in the market and did not rule out the onset of … Read more

Let’s eat our own // The Ministry of Economy expects stabilization from the budget, recession from GDP, and reduction from imports

The macro-parameters of scenario conditions for economic development developed by the Ministry of Economy are being discussed in the government. They were first created in the logic of the new version of the budget rules, which assume stable exports at just under $500 billion a year, the agency, in line with expectations of a two-year … 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

Wage cuts did not prevent spending // Social payments and “other income” stopped the decline in household consumption

According to Rosstat, by the end of the second quarter, the rate of decline in real wages and consumption of non-food products in annual terms slowed down. Against the backdrop of declining wages (the main factor in the fall in real incomes by 0.8%), a stable labor market, the growth of social transfers and other … Read more

Industry sentiment confuses analysts // Monitoring of market conditions

In the current issue of the Commentaries on Government and Business bulletin, analysts from the HSE Development Center (CR) examine the results of market surveys by Rosstat of industrialists in June 2022 (see chart). Against the backdrop of a recession in the sector (caused by both supply and demand factors), depletion of stocks and expectations … Read more

The hryvnia fell by a quarter // The National Bank of Ukraine devalued it after the stabilization of the situation in the financial sector

The National Bank of Ukraine decided to devalue the Ukrainian hryvnia by 25%. The hryvnia exchange rate against the dollar was fixed in March 2022, and the Ukrainian Central Bank went for devaluation only after the situation in the financial sector stabilized as a result of deferrals for servicing external public debt. The depreciation of … Read more