Due to inflation // Operator prices may grow by 15–18% by the end of the year

At the end of 2022, the growth in prices for mobile and broadband services will be 15–18%, TelecomDaily predicts. Representatives of the operators say that the price increase that has already taken place has ranged from 2% to 15%, but argue that the increase does not exceed inflation in any case. Such an increase, according … Read more

Citizens pay later // Installment payments are growing faster than other consumer loans

By the end of the year, the volume of the installment services market (BNPL) may reach 8 billion rubles. While these are hundredths of a percent in the total volume of consumer lending, however, according to experts, the market will grow faster than other segments. First of all, this will happen due to an increase … Read more

The sky beckoned pensioners // Aeroflot found a way to increase passenger traffic

Air carriers, hoping to receive state subsidies, continue to fight to increase passenger traffic through promotions. Thus, Aeroflot will sell tickets to pensioners at a single rate until the end of the year. The airlines are faced with the task of keeping passenger traffic from falling by more than 10%. But although in July Pobeda … Read more

Import substitution will receive a loan // SMEs are promised loans at 3–4.5% per annum

To attract small and medium-sized businesses to import substitution, the authorities are piloting a new program of concessional lending for investment purposes – at only 3% and 4.5% per annum. This tool will be available to companies in the processing, logistics, agricultural processing and hospitality industries. In order to reduce the cost of lending, it … Read more

The Ministry of Finance will not yet give state corporations directives to replace “unfriendly” currencies

The Ministry of Finance does not see the need for directives to state corporations on the transfer of funds stored in the currencies of unfriendly countries to other currencies. It is reported by RBC. The department notes that state-owned companies are already trying to get rid of unreliable currencies. “Together with companies (the Ministry of … Read more

The new Sakhalin-2 operator will be registered in Yuzhno-Sakhalinsk

The Government of the Russian Federation ordered the registration in Yuzhno-Sakhalinsk of a new operator for the Sakhalin-2 oil and gas project. The corresponding document is published on the official Internet portal of legal information. The operator will be given the name Sakhalin Energy LLC. Andrey Oleinikov, the current head of the Sakhalin Energy branch, … Read more

Personnel and employers have decided in doubts // Monitoring of the labor market

Russian employers are not sure how their business will develop until the end of 2022, and cannot yet determine a short-term personnel strategy. Such a conclusion can be drawn from the study of the recruitment company Ventra “Labor Market Challenges 2022: the view of employees and employers.” As follows from the results of the survey … Read more

In Russia, it is necessary to fall for a long time // The Central Bank explained the softness of the recession by the mutual expectation of sellers and buyers

The Bank of Russia has put forward a new explanation for the short-term situation in the Russian economy: according to its economists, we can talk about an “adaptive expectation trap”, in which the protracted GDP decline is explained by the inertia of both consumers and producers. Companies are expecting demand adjustments, consumers are expecting supply … Read more

Retired Pension Fund // Andrey Kigim leaves PFR before merging with FSS

The head of the Pension Fund of Russia (PFR) Andrey Kigim resigned. The technical work leading up to the forthcoming merger of the PFR and the Social Insurance Fund (SIF), which was previously managed by Mr. Kigim, is largely completed. There is still no answer to the question of what the single Social Fund will … Read more