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The Ministry of Labor has estimated the size of the subsistence minimum in 2020

The Ministry of Labor and Social Protection of Russia has calculated the size of the subsistence minimum for 2020 for various categories of citizens.

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Jewelers asked to postpone the introduction of mandatory jewelry labeling

The Guild of Russian Jewelers has asked the government of the country to postpone the introduction of mandatory labeling of jewelry until 2022. This was reported by Interfax with reference to the statement. The Guild of Russian Jewelers has asked the government of the country to postpone the introduction of mandatory labeling of jewelry until 2022. This was reported by Interfax with reference to the statement.

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In Russia, the rules for the disposal of packaging of goods for manufacturers have been approved

Deputy Prime Minister of Russia Victoria Abramchenko approved the concept of extended producer responsibility (EPR).

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Victoria Abramchenko approved the Concept of extended producer responsibility

The document was developed on behalf of the President of Russia.

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Results of 2020: laying of new ships

© Photo from open sources 1. 2. Universal landing ships "Ivan Rogov" and "Mitrofan Moskalenko" project 23900 Laid down on 20.07.2020 at JSC Zelenodolsk Plant named after A. M. Gorky (LLC SZ Zaliv). Specifications:* Displacement 25,000 tons standard and 28,000 tons full Length 220.0 m Width 33.0 m Draft 5.0 m Travel speed 22 knots (full ...

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Russian customs officials have revealed an unusual scheme for the import of sanctioned products; 20 tons of Polish pears were detained in the Moscow region

The channel of smuggling of sanctioned products was stopped by employees of the Main Directorate for Combating Smuggling of the Federal Customs Service of Russia together with the Moscow Regional Customs. In the city of Dolgoprudny, customs officers seized more than 20 tons of pears of Polish origin, which were transported under the guise of industrial chemicals. The illegal deliveries were organized by a company - a customs carrier. The attackers used a double cargo substitution scheme: goods of various nomenclature imported into the EAEU through the territory of the Republic of Belarus were placed under the customs transit procedure with delivery to one of the Russian customs posts. On the way, such products, which were under customs control, were loaded into another vehicle, which followed to Russia on counterfeit bills of lading within the framework of mutual trade with the EAEU countries. The criminals filled the vacated cargo compartments with sanctioned goods and put fake seals of the Belarusian customs authorities. Prohibited cargo entered Russia

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Which cow is the most profitable to raise

Beef cattle raising is not a cheap pleasure. You can expect a return on investment in at least 10 years. How to make money on beef cattle breeding and which beef is the most profitable,

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Late in the year, Russian banks have been issuing less credit cards. Experts believe that is the way for banks not to get involved with people who may be unable to repay borrowed money.

In November, 691,400 credit cards were issued which is 8.2% less than in October. In December, the number declined further. On the average, lending limit has been also cut down.

Financial institutions have thus changed their lending policy in order to lower credit risks and reduce possible future losses.

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Tver Machine-Tool Plant sums up the results of the year. With faith in the future

© stankomach.com During this year, the Tver plant has done serious work: new workshops have been put into operation, new models have been developed and existing models of machine tools have been improved, the list of optional equipment has been expanded, and important developments have been made to introduce digitalization. New partners and suppliers have appeared. The most important event of the year was the move of production to new workshops. 15,000 m2 of new premises were purchased, of which 4,500 m2 were used, floors were poured, heating was carried out, lighting and 8 cranes were installed. The assembly of lathes and CNC milling centers now takes place here. A meal room and a changing room for 150 people were organized for employees. We are preparing workshops for powder painting, machining for launch ...

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Bank Vostochny dropped a claim against Michael Calvey for ₽2.5 billion

Bank Vostochny refused a civil claim for damages in the amount of 2.5 billion rubles.

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The Ministry of Construction of Russia sums up the results of 2020 in the field of technical regulation

Any business seeks to minimize costs, and construction is no exception. The role of state technical regulation of construction is to ensure the safety of buildings and structures by developing requirements for construction objects, work execution processes and a system for monitoring compliance with the quality of established requirements.

Any business seeks to minimize costs, and construction is no exception. The role of state technical regulation of construction is to ensure the safety of buildings and structures by developing requirements for construction objects, work execution processes and a system for monitoring compliance with the quality of established requirements.

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In Russia, the simplified drug labeling regime was extended until mid-2021

The Center for the Development of Advanced Technologies (CRPT, the operator of the labeling system) reports that in Russia the simplified labeling regime for drugs has been extended until July 1, 2021. “Simplified mechanisms for accepting goods and work in the drug labeling system will remain until July 1, 2021,” the message says. It turns out that before this date it is not necessary to wait from the suppliers of goods for confirmation of the acceptance of drugs. "When importing drugs into Russia, importers may not wait for confirmation of import from the holders or holders of the registration certificate," the message says. However, after July 1, 2021, other drug labeling rules will begin to operate.

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How national projects changed the lives of Russians in 2020

National projects in 2020 started to work in full force and began to show noticeable results. Moreover, these results are not limited to a simple quantitative set of numbers. On the contrary, they have influenced the lives of many Russians in the most concrete way.

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Honda leaves the Russian market

Honda's Russian subsidiary, Honda Motor Rus, will stop delivering new cars to Russia during 2022, the company said in a statement. "The subsidiary company of Honda Motor Co -" Honda Motor Rus "announces the termination of the supply of new cars to official dealers in the Russian Federation during 2022," - said in a statement. The company said that the decision was dictated by the strategy for further development of the automobile business of Honda Motor.

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New sanitary requirements for working conditions approved in Russia

New sanitary and epidemiological requirements for working conditions were approved by Rospotrebnadzor. The changes will take effect on January 1, 2021. Thus, the organization of the workspace for employees, the provision of working process conditions, as well as the necessary sanitary and anti-epidemic measures are being specified. In particular, in a workplace for seated work, legroom should not be less than 50 cm and less than 60 cm. In this case, employers should equip places for working standing with a support seat. A separate paragraph of the document specifies the working conditions of women during pregnancy and breastfeeding.

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The Concept of electronic document management in economic activity was approved

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The government allocated 4.7 billion rubles to support millers and bakers

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Victoria Abramchenko: The experiment on wood traceability at LeEGAIS starts on January 1, 2021

On January 1, 2021, an experiment on traceability of timber turnover starts in Russia. It will run until June 30, 2021. From July 1, 2021, the system of traceability of timber and transactions with it (LesEGAIS), modernized as a result of the experiment, will begin to work on an ongoing basis throughout the country. Deputy Prime Minister Viktoria Abramchenko announced this

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"Russkaya Trapeza" has manufactured a high-speed packaging line for the confectionery factory "Permskaya"

Trapeza has completed the commissioning of a high-speed packaging line for packing confectionery products in a three-seam Flow-Pack. The customer was the Permskaya confectionery, which since 1892 has been putting on the market more than 120 types of products. Within the framework of the project, the designers of a machine-building holding in St. snail (twisted tape). The productivity of the processing line depends on the number of packed products in one row and varies from 62 to 312 packs / min. Equipment list: -

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Construction waste dump near Moscow State University will be liquidated as soon as possible

Work on the elimination of a large construction waste dump in the Ramenki area will be carried out as soon as possible, said Moscow Vice Mayor Pyotr Biryukov. It is planned to build a scientific and technological valley of Moscow State University at this place.

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The Federal Center will allocate 12.7 billion rubles to St. Petersburg for road construction

The Governor of St. Petersburg, Alexander Beglov, signed a decree approving agreements with the federal center. We are talking about transferring 12.7 billion rubles to the budget of St. Petersburg. More than a third of this amount will be allocated in 2021. Smolny reported that agreements are being concluded between the Federal Road Agency and the government of St. Petersburg. So, from 2021 to 2023, an additional 12.7 billion rubles will be allocated for the construction of roads in St. Petersburg. Thus, the funds will be used, among other things, to connect the Lakhta Center business district, reconstruct the Petrozavodskoe highway and build an interchange at the intersection of Moskovskoe highway with Dunaysky prospect. In addition, money will be needed for the construction of the South Latitudinal Highway and the reconstruction of the Ligovsky overpass. In 2021, an additional 4.7 billion rubles will be allocated for St. Petersburg roads.

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An investment per se is a risky business regardless of the target assets. A chosen strategy is the main thing, AMarkets Analytics Director Artem Deev told Invest Foresight.

A wish to make big money within little time entails a risk of losing everything altogether, since investors, when looking for greatest revenues, buy high yield assets which may often turn out to be bubbles. In 2020, for instance, there were assets in the DeFi market which could grew tenfold within a few months or even weeks. Yet their collapse was also instantaneous. Therefore only most experienced crypto traders managed to make sizeable profit by having sold their digital assets at the right moment.

A conservative strategy is aimed at protecting capital and reasonably expanding it, rather than at making maximum profits. The followers of this strategy mainly invest in Bitcoins. At the moment though it’s time to make a decision whether one should sell out Bitcoins which are likely to collapse in the nearest future, or wait for some more time in order to acquire more coins at a bottom price. Bitcoin will eventually resume its growth and may gain substantial value and reach $40K or even $50K, Artem Deev believes.

“In any case, there are no assets available in the market of crypto currencies, which are truly secure,” he says. “Digital currencies are highly volatile. In the current environment even most conservative investments in gold and US dollars bear risks of losing value. Digital assets therefore require good market knowledge and investment skills.”

by Rina

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The crisis as a stimulus for the revival of medical diplomacy

The aesthetic medicine sector, like other businesses in Russia, experienced difficult times in the past year. At the same time, difficulties always reveal market trends and prospects in the development of companies in any field, not excluding the medical one. What were the most difficult tests in 2020, and are there any prospects and directions for expanding the business of companies in private medicine in the coming 2021, a medical industry expert shared.

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Until bilateral veterinary certificates are agreed upon, livestock products for deliveries from the UK will be accompanied by documents approved by the Decision of the Customs Union Commission

The Federal Service for Veterinary and Phytosanitary Surveillance informs that in connection with the end of the transitional period for the exit of the UK from the European Union from January 1, 2021 until the agreement of bilateral forms of veterinary certificates, the supply of livestock and poultry products from the UK to Russia will be accompanied by Uniform forms of veterinary certificates approved by the Decision of the Customs Union Commission dated 07.04.2011 No. 607. We also inform you that from January 1, 2021, the import of livestock products into the UK will be accompanied by new forms of veterinary certificates published here. Until March 31, 2021, the UK has determined a transitional period, during which supplies to this country will be accompanied by EU format veterinary certificates. In addition, advance notifications for shipments of live animals, animal products and non-animal products to

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Labeling of dairy products will begin on January 20 on a voluntary basis

Labeling of dairy products in Russia from January 20 will begin on a voluntary basis. This was reported by the Ministry of Industry and Trade. Mandatory labeling requirements for cheese and ice cream will come into force on June 1

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Garbage companies received support for 9 billion rubles in a year

Garbage companies received support for 9 billion rubles in a year

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Production of ultra-short-acting insulin to be launched in Russia

Production of ultra-short-acting insulin to be launched in Russia

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In 2021, the insurance market will grow moderately

In 2021, the insurance market will grow moderately

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The Cabinet of Ministers proposed to introduce penalties for the use of foreign satellite communications

Today, December 29, the Government of the Russian Federation submitted to the State Duma a bill on the introduction of fines for telecom operators who use a foreign satellite system. The corresponding document was published in the Duma electronic database. So, for evading the obligation to form the Russian segment of the satellite system, it is proposed to introduce fines in the amount of 10 thousand to 30 thousand rubles for officials, and from 500 thousand to 1 million rubles - for legal entities. The government of the Russian Federation submitted a bill on fines for violations of the use of satellite communications to the State Duma. Earlier ABN reported that in 2021 a new mobile operator will appear in St. Petersburg.

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Former top manager of Inter RAO Karina Turcan received 15 years for espionage

Former board member of Inter RAO Karina Turcan received 15 years in prison for espionage related to the supply of electricity to Ukraine. The defense links her persecution to the conflict with the authorities of Transnistria

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The Ministry of Construction of Russia forms standards for the construction and operation of facilities on permafrost soils

More than 60% of the territory of Russia, including the Murmansk region, the north of the Arkhangelsk region, the Nenets Autonomous Okrug, the Komi Republic, the Yamalo-Nenets Autonomous Okrug, the Krasnoyarsk Territory, most of the Sakha Republic (Yakutia), the Chukotka Autonomous Okrug are areas where permafrost soils are spread, the so-called cryolithozone. More than 60% of the territory of Russia, including the Murmansk region, the north of the Arkhangelsk region, the Nenets Autonomous Okrug, the Komi Republic, the Yamalo-Nenets Autonomous Okrug, the Krasnoyarsk Territory, most of the Sakha Republic (Yakutia), the Chukotka Autonomous Okrug are areas where permafrost soils are spread, the so-called cryolithozone.

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The ex-head of the bailiffs of the Omsk region received three years in prison for a bribe

The court found the ex-head of the Federal Service of Bailiffs (FSSP) of the Omsk region, Vladimir Vitruk, guilty of accepting a bribe and exceeding official powers.

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Change of site: assembly of Hyundai may stop at Avtotor

Auto giant Hyundai has completed the acquisition of the Russian General Motors plant. The Russian office of the Korean company has not yet disclosed the reason for this acquisition, but more and more information appears about the possible transfer of production of Hyundai and Kia models from Avtotor to a new site.

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Public chamber asks to extend water labeling experiment

The Public Chamber of the Russian Federation, following a discussion of the situation on the market of packaged drinking water, proposed to extend the experiment on its labeling until the end of 2021, a copy of the appeal addressed to the Prime Minister of the Russian Federation Mikhail Mishustin and the head of the Ministry of Industry and Trade Denis Manturov is at the disposal of RIA Novosti.

"Given the emerging negative economic situation in the country caused by the consequences of the spread of the new coronavirus infection, the event participants suggested considering the possibility of extending until the end of 2021 the timing of the experiment on labeling with identification means of packaged drinking water, "the document says.

The experiment on labeling of packaged drinking water is taking place in Russia from April 1 of this year to March 1, 2021. At the end of December, the State Commission for Combating Illicit Trafficking in Industrial Products approved the inclusion of water in the list of goods that are subject to mandatory labeling in Russia.

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Quotas for Russian products wrapped in directives

The Ministry of Industry and Trade has prepared a plan to force state-owned companies to import substitution

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Artem Maksimov: The possibilities of powder metallurgy are colossal

Grankom built the country's largest production of metal powders and granules in the Nizhny Novgorod region. The general director of Grancom told about the company's work in a pandemic and the advantages of powder metallurgy technologies Artem Maximov

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Maxim Klochay: digital transformation allowed the enterprise to reach a new level of cooperation with business partners

Maxim Klochay: digital transformation allowed the enterprise to reach a new level of cooperation with business partners

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Evgeny Amelin: The "Vacuum Metallurgy Plant" has unique equipment for our country

Vacuum Metallurgy Plant & quot; in the Nizhny Novgorod region - the most modern complex for the production of titanium alloys in Russia and the CIS. The general director of the enterprise Evgeny Amelin spoke about the production results of the year, the challenges of the pandemic and plans for the future.

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The SmartSat Cooperative Research Centre (CRC) has established an organization to represent space startup companies in Australia.

Called the Aurora Space Startup Cluster, the new company is based at the Lot Fourteen innovation neighborhood in Adelaide, South Australia that is also home to the Australian Space Agency, The Lead portal reports.

Australia’s space industry is relatively young, with the Australian Space Agency founded in 2018. The South Australian space ecosystem has grown in recent years, with collaborations with NASA and Japan Aerospace Exploration Agency, and the presence of numerous successful startups such as Myriota, Lux Aerobot, and ResearchSat.

SmartSat CEO Prof Andy Koronios said Aurora already has more than 65 member companies from all sectors of the space supply chain but is looking for more. He said they had startups offering rocket launch services, in-space computing, precision sensors, satellite digital twin technology, in-orbit and deep space operations, right through to ground station antennae development and Earth data applications for agriculture, resources and sustainability management.

Dr Tim Parsons, from Delta-V Newspace Alliance, chaired the Aurora Steering Group in the past year through its formation phase and said the new company aims to provide a framework for startups to grow through commercial collaboration with one another, research organizations, and local and international organizations.

“Startups are, by definition, companies looking to grow fast by leveraging new technologies and disruptive business models,” Dr Parsons said. “If we’re to have any chance of meeting the nation’s ambitious growth targets for space, we need to help our space startups grow faster, in technical readiness level, in capability to execute, and commercial acumen.”

The SmartSat CRC is a consortium of universities and other research organizations, partnered with industry that has been funded by the Australian Government to develop know-how and technologies in advanced telecommunications and IoT connectivity, intelligent satellite systems and Earth observation next generation data services. The impact of this research will be to develop intellectual property and a specialist industry expertise that will spawn new businesses, create export economic value and generate new high-tech jobs for all Australians.

by Rina

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Russia has increased the production of agricultural machinery in 2020 by 30% and set a new export record

In the first 11 months of 2020, Russian factories produced agricultural equipment worth 136.7 billion rubles, which is 30% more than a year earlier, the Russian Association of Specialized Machinery and Equipment Manufacturers (Rosspetsmash) calculated. © tractorf.ru Supplies of agricultural machinery to the domestic market increased by 46% to 121.3 billion rubles (VAT included), export supplies increased by 14% to 13.8 billion rubles (excluding VAT). Export deliveries in monetary terms have already exceeded the record result of 2019 of 12.1 billion rubles. The Association noted that they fear that a sharp rise in metal prices, which amounted to 25-35% depending on the type of product, may affect the rate of production of agricultural machinery. The greatest growth in the production of Russian agricultural machinery in quantitative terms, in particular, is observed in the segment of agricultural tractors & amp; ...

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The Ministry of Construction of Russia supports investment projects in the format of public-private partnerships in the housing sector

For modernization municipal infrastructure in the regions state development corporation VEB.RF and Rosvodokanal Group of Companies today announced the creation of a joint enterprises for the implementation of projects in the field of water supply, sanitation and modernization of the communal infrastructure of Russian regions. For modernization municipal infrastructure in the regions state development corporation VEB.RF and Rosvodokanal Group of Companies today announced the creation of a joint enterprises for the implementation of projects in the field of water supply, sanitation and modernization of the communal infrastructure of Russian regions.

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Pharmacists want to oblige to offer first of all inexpensive drugs

The State Duma wants to limit the monopoly of pharmacy chains on the market, and to oblige pharmacists to offer customers, first of all, cheap drugs. This should contribute to the development of healthy competition in the market and improved drug supply, the authors of the initiative believe.

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Russians give up their land plots

The share of land plots owned by Russians by the beginning of 2020 decreased. At the same time, the share of land owned by legal entities and authorities has increased, it follows from the state report prepared by Rosreestr on the state and use of land in Russia

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The results of the implementation of the investment project to improve the water quality of the Volga in 2020 have been summed up

The Ministry of Construction of Russia summed up the current results of the implementation of the investment project to improve the water quality of the Volga in 2020. The $ 320 million project has entered the stage of practical implementation.

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"Bankrupt" redistribution: the attack on the trading house "Vimos" was estimated at almost 500 billion rubles

The Vimos trading house has faced unprecedented claims in claims totaling almost half a trillion rubles. The company calls the lawsuits absurd and nonsense, highlighting several versions of such an attack on its business. ABN understood the situation. The well-known trading house "Vimos" in the Leningrad region owns 40 shopping centers for building and finishing materials. The business is managed through two legal entities - Stroytorgovlya LLC and Yakor LLC. Both legal entities are immediately mentioned on December 17 in bankruptcy claims in the database of the Arbitration Court of St. Petersburg and Leningrad Region. According to the published information, companies are surprisingly included in the documents as both plaintiffs and defendants. The "twins" demand 138 billion rubles from "Anchor" and 352 billion from "Stroytorgovl". But Vimos was immediately denied the filing of such claims, and I would like to stress that they did not file a claim with the Arbitration Court. “We have not filed any claims, for me this is

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The Ministry of Finance proposes to extend the deadline for amending the law on bookmakers

The Ministry of Finance proposes to extend the deadline for amending the law on bookmakers

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Melnichenko will create a new large transport holding

SUEK and Eurochem, owned by Andrey Melnichenko, are consolidating transport assets on the basis of a new logistics holding. In terms of the volume of railway traffic, it can take the fourth place in Russia

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Zarina Doguzova spoke about the goals of the national tourism development project

In 2021, Russia is expected to adopt a national project for tourism development, said the head of the Federal Tourism Agency Zarina Doguzova. Its goal is to expand the possibilities of an interesting and affordable vacation around the country for Russians

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IT companies explained on tax incentives in 2021

IT companies explained on tax incentives in 2021

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Diesel fuel production launched in Tatarstan

On December 21, a new diesel fuel production was launched at the TANECO refinery complex in Nizhnekamsk. The middle distillate hydrotreating unit (GOSD) was built in three years. The plant will process about 3.7 million tons of raw materials annually. More than 16 billion rubles were invested in the project; its implementation lasted three years. In total, Tatneft has invested about 400 billion rubles in the implementation of the TANECO project. 95% of the installation equipment was made in Russia. This year, four new high-tech installations have already been commissioned at the TANECO complex. Thanks to the commissioning of the facility, the annual production of diesel fuel in accordance with environmental standards for engines ...

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The second painting booth was installed for the manufacturer of electric trains "Lastochka" near Yekaterinburg

Due to the growth in production indicators, the existing painting and drying chamber for preparation, painting and drying of the surface of products did not begin to cope with the increased volume of processing. The second painting and drying booth from SPK GROUP allows painting locomotives and their parts in compliance with all sanitary and hygienic and fire safety standards, ensuring high-quality application of insulating and paint-and-varnish coatings and surface drying.

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Russian power grids will go digital

Russian power grids will go digital

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Russia, AstraZeneca to test combination of COVID-19 shots

MOSCOW (AP) - Developers of the Russian coronavirus vaccine Sputnik V on Monday announced signing an agreement with AstraZeneca to test a combination of the British drugmaker's COVID-19 shots and a component of the vaccine created in Moscow.

The developers of Sputnik V proposed the approach to AstraZeneca last month, suggesting it could increase the effectiveness of the British vaccine. The company announced on Dec. 11 a study to test the combination, and on Monday signed a memorandum of cooperation with Moscow-based medical research facility the Gamaleya Institute, the Russian Direct Investment Fund and Russian drugmaker R-Pharm.

AstraZeneca developed its vaccine with Oxford University. The Gamaleya Institute developed Sputnik V, and the Russian Direct Investment Fund bankrolled the project.

Speaking at a teleconference marking the signing of the memorandum, Russian President Vladimir Putin hailed cooperation between AstraZeneca and

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Released a new boat model "BARS"

In the fall of 2020, the RosPromResource group of companies has expanded the range of produced small boats by designing and building a new model of the boat. The new model was named "BARS". High quality materials were used in the manufacture, which give the boat an attractive appearance and ensure a comfortable stay on the boat. Improved ergonomics allow the boat to be used on expeditions and long-distance trips. © rushovercraft.com One of the advantages of this boat is the ability to install a standby outboard engine. The use of premium materials and the company's quality management system, which meets international standards, ensures the reliability of the vessel, the safety and comfort of passengers. Two boats of the new model were successfully tested and were delivered to the department of the Federal Agency for Fishery in Saratov and Volgograd. This is the second ...

In the fall of 2020, the RosPromResource group of companies expanded the range of small-sized

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Rogozin lists Russia's global goals in space

Dmitry Rogozin, General Director of the Roscosmos State Corporation, listed the global goals that Russia faces in the exploration of outer space.

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JSC "Onega Shipbuilding and Shiprepairing Plant" handed over the dirt-haulage scow "Smela"

FSUE "Rosmorport", after successful completion of sea trials, accepted the self-propelled soil haulage scow "Smela", built by the order of the enterprise for JSC "Onega shipbuilding and ship repair plant". Built at JSC OSSZ by order of FSUE "Rosmorport", a self-propelled twin-screw dump scow of class KM Ice1 R3-RSN AUT3 Hopper "Brave" is designed to transport soil from dredgers to unloading sites during dredging operations, to work as part of dredgers with a scoop or refuler dredger. The vessel has a modular hull and a container-type main power plant. The modular method of building the hull allows: - to simplify the shape of the hull lines; - to implement ...

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The Ministry of Finance allowed a boom in jewelry sales in 2021

The introduction of jewelry labeling in Russia from 2021 will lead to an explosive growth in legal sales of jewelry made of precious metals and stones, says Deputy Finance Minister of Russia Alexei Moiseev, RIA Novosti reports.

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Construction of a complex for the production of gasoline began in the Rostov region

The Novoshakhtinsky Petroleum Products Plant has begun construction of a gasoline production complex. Several large-scale investment projects with a total investment of 177 billion rubles are being implemented at the Novoshakhtinsky Refinery. A new complex for the production of motor gasoline AI-92 and AI-95 of Euro 5 class, diesel fuel of Euro 5 class, as well as commercial liquefied hydrocarbon gases is planned to be put into operation in 2024. With the construction of new units of the plant, the depth of oil refining and the range of products will significantly increase. The use of modern technological solutions will minimize the impact on the environment. With the expansion of production, the involvement of the plant in the life of the region will increase ...

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National project "Ecology" allowed to eliminate 64 dangerous objects

National project & quot; Ecology & quot; allowed to eliminate 64 dangerous objects

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Gold miner arrested for embezzlement

Pavel Maslovsky will remain in custody until February 23, 2021. He is accused of stealing the assets of the company he founded, Petropavlovsk, worth 95 million rubles. The Ministry of Internal Affairs reported that Maslovsky had accomplices who are now being identified

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For three quarters, the export of agricultural products increased by more than 15%

For three quarters, the export of agricultural products increased by more than 15%

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Within the framework of the national project, a number of enterprises of the Russian Federation significantly increased their output

Within the framework of the national project `` Increasing labor productivity and supporting employment '' a number of enterprises have managed to significantly increase their output per employee. Trainings, master classes, use of online services help to increase efficiency

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GK "Hals" sold tower "A" of the business center SkyLight

GK "Hals" sold an office building - tower "A" in the SkyLight business center on Leningradsky prospect in Moscow. The developer did not disclose the amount of the transaction. “Today we are pleased to announce that the sale of Tower A of the SkyLight Business Center, a fully realized premium-level office building, has been completed. For the new owner, the deal became an investment one, since the object was fully leased to Mail.ru Group until April 2026, ”said Viktor Adamov, President of Hals-Development, member of the investment committee of ZPIF Development Assets. According to him, the company notes the high interest of investors in the purchase of premium office premises as a ready-made rental business. Thus, the SkyLight business center is a fully realized class A office complex, uniting two 27-storey independent buildings, mirrored in relation to each other - tower A and tower B. The object was created in the hi-tech style by the project of the architect Alexei Vorontsov. Wherein

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More roads built in 2020 than a year earlier

More roads built in 2020 than a year earlier

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Mindrock Capital invested $ 22 million in education platform Udemy

Pavel Cherkashin's investment fund Mindrock Capital has invested $ 22 million in the educational online platform Udemy. The shares were purchased on the secondary market. Rusbase was informed about this by a representative of the fund. Pavel Cherkashin's investment fund Mindrock Capital has invested $ 22 million in the educational online platform Udemy. The shares were purchased on the secondary market. Rusbase was informed about this by a representative of the fund.

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VEB will invest 85 billion rubles. to the school construction project

The state corporation VEB.RF plans to invest 85 billion rubles.

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The Russian government has prepared the second package of measures to support the IT industry

The Russian government has prepared the second package of measures to support the IT industry

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The FCS of Russia informs: from January 22, 2021, statistical forms are not required for a number of goods

The FCS of Russia informs: from January 22, 2021, for a number of goods moved within the framework of mutual trade of the Russian Federation with the EAEU member states, it is not required to submit a statistical form to the customs authority. This, among other things, will allow eliminating duplication of information provided to the customs authorities and reducing the administrative burden on participants in foreign economic activity. The corresponding changes have been made to Article 278 of the Federal Law "On Customs Regulation in the Russian Federation" by Federal Law No. 433-FZ dated December 22, 2020. These categories include goods declared in accordance with the established procedure by submitting a declaration for goods to the customs authorities of the Russian Federation (for example, oil and oil products); goods moved by individuals for personal use; goods containing information related to state secrets; goods that are not subject to accounting in accordance with the Methodology for maintaining statistics of mutual trade in goods of the EAEU Member States. REFERENCE Federal Law No.

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“In the game at the meeting with the boss, you need to show yourself as much as possible. And in real life there are many more bosses. "

Valeria Zhilieva is a designer and founder of the Zhilyova Lingerie brand, which has existed since 2014. The company, originally from Kiev, has offices in 10 countries, including Australia, Japan and the United States, and sells thousands of products a year around the world. The brand regularly collaborates with opinion leaders, for example, the founder of a network of tattoo studios, Alexandra Masyuk, and blogger Maria Novosad. “In recent years, I have dreamed of combining tech and underwear,” Zhilyeva tells about herself. One of the sources of inspiration for her was computer games, which the entrepreneur has been interested in since childhood. As part of the Business Game project, Valeria told RB.RU about what it is like to be a girl gamer, what qualities and soft skills games develop, what awaits women's esports, and how to compare lingerie, technology and gaming. Valeria Zhilieva is a designer and founder of the Zhilyova Lingerie brand, which has existed since 2014. The company, originally from Kiev, has offices in 10

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More than 6 thousand enterprises will be helped to increase productivity

More than 6 thousand enterprises will be helped to increase productivity

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Russian fish will swim to Europe instead of China

Russian manufacturers cannot sell products to China - the ports of the Middle Kingdom have closed due to COVID-19. The situation threatens with serious economic consequences for both domestic companies and their foreign partners

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Abramchenko: More than half of the garbage in the Russian Federation will go to sorting by 2024

The systems for sorting and recycling solid municipal waste, for which 78 billion rubles have been allocated until 2024, will by this time separate more than half of the waste into fractions, and dispose of 12%. This was announced by the Deputy Prime Minister of the Russian Federation Victoria Abramchenko

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Manturov: Russia exported $ 350 million worth of baby products this year

Manturov: Russia exported $ 350 million worth of baby products this year

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How to choose a payment service for your online business - a beginner's guide

The Internet business is experiencing a new stage of growth, primarily in the retail segment. More and more people are buying goods and services online - self-isolation has pushed even conservative users to this. But for a business to pick up a new wave, it is not enough to go online with sales. It is important to understand that different payment solutions are suitable for different ecommerce formats. What they are and which one to choose for your business - we will tell you about the example of the YuKassa service. The Internet business is experiencing a new stage of growth, primarily in the retail segment. More and more people are buying goods and services online - self-isolation has pushed even conservative users to this. But for a business to pick up a new wave, it is not enough to go online with sales. It is important to understand that different payment solutions are suitable for different ecommerce formats. What they are and which one to choose for your business - we will tell you about the example of the YuKassa service.

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Burda has lost the right to publish magazines Verena and "Sabrina" in Russia

ID Burda will no longer publish Sabrina, Verena and Anna knitting magazines. But the publications will not leave the Russian market - they will be published by a former partner of Bauer Media

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Regulator guillotine jammed

From January 1, 2021, the entire array of rules establishing mandatory requirements should have been completely abolished, with the exception of those legal acts that have been agreed with the business. This would significantly reduce the administrative burden on the business.

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Product manufacturers will be responsible for recycling 100% of the packaging

Extended Producer Responsibility (EPR), developed by a working group headed by Deputy Prime Minister Victoria Abramchenko, obliges the manufacturer of the goods to be fully responsible for the disposal of packaging, according to the press service of the Deputy Prime Minister.

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The Central Bank of the Russian Federation proposed to streamline the issuance of licenses in the financial market

The Central Bank of the Russian Federation proposed to streamline the issuance of licenses in the financial market

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Daily milk production at EkoNiva farms reaches 2,800 tons

Agroholding EkoNiva has taken another milestone - 2800 tons of raw milk per day. At the end of 2019, this figure was 2,400 tons. The last month became a shock, during which more than 200 tons of milk per day were added. These results were achieved thanks to active development. Four new livestock breeding complexes were launched in Novosibirsk, Kaluga, Voronezh regions and in Bashkiria for a total of almost 13,000 cows. Continuous improvement of the feeding system and improvement of animal welfare made it possible to obtain 27 kg of milk per forage cow (And a year ago ...

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RusHydro has put into operation a unique wind-diesel complex in the Arctic village of Tiksi

In the Arctic village of Tiksi in the Republic of Sakha (Yakutia), RusHydro has put into operation a wind-diesel complex (VDK) with a capacity of 3,900 kW that has no analogues in Russia. The wind-diesel complex consists of a 900 kW wind farm, a 3,000 kW diesel power plant and a 1,000 kW energy storage system. All elements of the complex are united by an automated control system for the production and distribution of electricity. The VDK will generate more than 12 million kWh of electricity per year, providing reliable power supply to the polar village of Tiksi with a population of five thousand. The VDK will be operated by Sakhaenergo JSC (subsidiary of PJSC & amp; l ...

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The complex reconstruction of the external power supply network of the port "Ust-Luga"

Reliability of power supply to the Ust-Luga commercial sea port will be ensured by three modern substations of Rosseti Lenenergo: - new substation 110/35/10 kV "Ust-Luga" with a capacity of 32 MVA, - new substation 110/10 kV "Vistino" with a capacity of 50 MVA, - reconstructed substation 110/10 kV "Port". In the course of the work, 37.4 km of 110 kV power lines and 110 kV overhead lines at the substation were installed. The facilities are equipped with intelligent equipment: 100% observability is provided, information transfer to a single system, remote control and management. This project was implemented in accordance with the concept of "Digital Transformation 2030" and guarantees reliable power supply to large ...

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Licensed insurers will be limited to operations with assets

Vladimir Putin signed a law expanding the powers of the Bank of Russia in order to prevent the withdrawal of funds from insurance organizations. The changes are aimed at protecting the funds of insurers' clients: preserving the property of insurance organizations will allow them to fulfill their obligations to citizens

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State facilities will be erected by a single customer

State facilities will be erected by a single customer

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New sanitary requirements for shops and markets

Rospotrebnadzor has established new sanitary and epidemiological requirements for stores and markets from January 1 to 2027, the corresponding decree of the chief state sanitary doctor of the Russian Federation Anna Popova was published on the official Internet portal of legal information.

"To approve the sanitary and epidemiological rules of the joint venture 2.3.6.3668-20" Sanitary and epidemiological requirements for the conditions of operation of trade objects and markets that implement food products ", - the document says.

According to the document, the date of entry into force of the rules is January 1, 2021, their effect is established until January 1, 2027.

As follows from the resolution , employees engaged in work related to the storage, transportation and sale of products must undergo mandatory periodic medical examinations.

Stores must be equipped with heating, ventilation and air conditioning systems. Sewage equipment must be ...

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Roscosmos filed a lawsuit against the manufacturer Soyuz for RUB 4.7 billion

The essence of the claims is not specified in the statement of claim

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The head of the Central Bank of the Russian Federation Elvira Nabiullina told what her brooches mean

The head of the Bank of Russia Elvira Nabiullina said that her brooches at press conferences following the meeting of the board of directors on monetary policy in 2020 conveyed the regulator's understanding of the situation in the economy. “I've always worn brooches. This year, I was probably trying to convey our understanding of the situation, ”she told RTVI. According to Elvira Nabiullina, she only thinks about the meaning of the brooch being worn, but it is interpreted more broadly. The head of the Central Bank also noted that she had not yet decided whether she would continue to wear brooches next year. We will remind, earlier in the media there was information that the head of the Bank of Russia Elvira Nabiullina is not just putting on brooches. It was assumed that they carry a secret meaning and speak about the future actions of the Central Bank of the Russian Federation. So, in June 2020, a brooch in the shape of a dove appeared on the lapel of Elvira Nabiullina's jacket - the embodiment of a soft shelf, and the Central Bank of the Russian Federation lowered the key rate by 1%. In March, when the regulator left the rate unchanged, the head of the Central Bank put on a tumbler-shaped brooch.

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The number of Russians willing to always work remotely has doubled during the pandemic

Since April, the number of Russians willing to work remotely all the time has doubled. According to the SuperJob study, 41% of citizens would like to stay away from home after the end of the pandemic; in April, only 19% of Russians wanted to work from home. At the same time, 51% of employers began to allow their employees to work remotely in December, compared to 37% in October. It is noted that most often employees in the field of information technology (32%), sales (31%), accounting (30%) and personnel management (25%) are transferred to remote work. We will remind, earlier ABN reported that Russian enterprises want to leave the "remote" for another one or two years.

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The government will allocate more than 172 billion rubles. for the development of roads in the regions

In the next three years, the government will allocate 172.3 billion rubles to the regions.

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The government will allocate more than 172.3 billion rubles for the development of the road network in the regions

Order of December 25, 2020 No. 3542-r

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A new metallurgical plant of the company "Modern Forging Technologies" was opened in Chelyabinsk

The Konar Industrial Group has organized a new production of forging products on the territory of the Stankomash industrial park. The enterprise "Modern Forging Technologies" plans to produce annually up to 20 thousand tons of forgings of shafts for pumps, electric motors, generators, turbines and forgings of rings, discs, casings. These import-substituting products will be supplied to the nearby plants "Russian Electric Motors" and "Oil Pumps", as well as to enterprises in strategic sectors of Russia: power engineering, nuclear power, shipbuilding, oil and gas industry. The total investment in the launch of the plant amounted to 2 billion rubles. The new enterprise has created 200 jobs for highly skilled workers and engineers ...

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Volkhov plant "PhosAgro" was included in the number of pilot projects to launch SZPK

Complex for the production of phosphorus-containing fertilizers, being built by PhosAgro Group in Volkhov, was included in the number of pilot projects to launch the mechanism of Agreements on the protection and encouragement of investments. The project is estimated at 28 billion rubles

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How is it planned to develop ecotourism in Russia

Visitors to specially protected natural areas make up only 10% of all tourists in Russian regions, said Deputy Prime Minister Victoria Abramchenko. In her opinion, the draft law on ecotourism prepared by the government will help to increase the attractiveness of this leisure option.

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New "green" power plants built in Russia in 2020

New `` green '' were built in Russia in 2020 power plants

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The amount of the settlement agreement between Gutseriev and Otkrytie will amount to 14 billion rubles.

The founder of the Safmar group, Mikhail Gutseriev, will pay the Otkrytie bank about ₽14 billion, sources told RBC. So he will settle the claims of the Central Bank due to the reorganization of B&N Bank. Earlier, Gutseriev has already made a peace deal with Trust for ₽135 billion

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AMENDMENT TO THE PROCEDURE FOR MAKING FOREIGN IMVESTMENT (57-FZ)

24-12-2020 | 13:16

On December 23, 2020, Andrey Tsyganov, Deputy Head of the FAS Russia, presented the draft law at a plenary session of the State Duma of the Federal Assembly of the Russian Federation. During his speech, Andrey Tsyganov noted that amendments to the Law on the Procedure for Making Foreign Investments (57-FZ) are aimed at eliminating specific barriers to foreign

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It became known when the authorities will decide on the extension of distance learning in universities

The head of the Ministry of Education and Science, Valery Falkov, said that the Russian authorities would decide to extend distance learning in universities after the New Year holidays. “We will leave after the New Year holidays, look at the situation with the coronavirus, we will make a decision,” the minister said. According to TASS, when making a decision, the opinion of Rospotrebnadzor, city authorities, as well as the opinion of the leadership of the universities themselves will be taken into account. Recall that since November 13, universities in Moscow and St. Petersburg have switched to distance learning due to the spread of the new coronavirus. The restriction is now valid until February 6th.

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Since the beginning of 2020, the Rosselkhoznadzor has identified more than 3,000 phantom sites during the analysis of the FSIS "Mercury"

The territorial offices of the Rosselkhoznadzor regularly monitor the registration of electronic veterinary accompanying documents (eVDS) for animal products in the Mercury system. In the course of such a daily analysis, it is possible to identify violations committed by authorized persons of enterprises and state veterinarians when releasing controlled goods into circulation. In particular, the department, using the system, records the facts of issuing eVDS for expired goods, the substitution of information about the manufacturer in the documents, the absence of information about the raw materials used in the certificates. In addition, the monitoring of the FSIS "Mercury" allows the Service to identify non-existent production sites (phantom firms) where, according to documents, the production or storage of controlled products is carried out. So, as of December 25, since the beginning of 2020, Rosselkhoznadzor has identified 3,026 phantom enterprises, of which 1,492 non-existent production enterprises and 1,534

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Preliminary results of the activities of the Rosselkhoznadzor on the implementation of state land supervision in 2020

The regional offices of the Rosselkhoznadzor surveyed more than 4.7 million hectares of agricultural land, the turnover of which is regulated by the Federal Law “On the turnover of agricultural land”. Violations of the requirements of land legislation were revealed on a total area of more than 825 thousand hectares. The main violations recorded by the Service on an area of more than 688 thousand hectares are related to the failure to comply with the established requirements and mandatory measures to improve, protect land and protect soil from wind, water erosion and prevent other processes and other negative impact on the environment that worsen the quality of land ... Unauthorized landfills were found on an area of 1,463 hectares, some of which were liquidated (on an area of 195 hectares). Unauthorized quarries for the extraction of widespread minerals on an area of about 900 hectares were revealed, and quarries on an area of more than 90 hectares were reclaimed. In 2020, violations of the requirements were revealed

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St. Petersburg residents most often buy at Avito

Most often, St. Petersburgers and residents of other large Russian cities bought medical masks at Avito. "This year, masks at Avito were obviously bought much more often than in the past, namely seven times," RIA Novosti was told in the press service of the ad service. Also in the ranking of the most bought goods included sofas, TVs, refrigerators, game consoles and laptops. According to experts, during the pandemic, goods for furnishing the kitchen and for working from home became more popular. In addition, bicycle sales increased by 50% in the summer.

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Digital Circuit Companies Show Crisis Resilience

The growth rates of the Russian Internet economy this year will slightly decrease compared to previous years, the Russian Association of Electronic Communications predicts. But nevertheless, they will remain quite high - 15-16 percent

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Another 8 Russian airports switched to a new digital flight monitoring system

Eight Russian airports are equipped with an integrated multi-position aircraft surveillance system of the MPSN "Almanach". An infrastructure project of this level has become unprecedented in terms of implementation time and allows a number of aerodromes, including Khrabrovo (Kaliningrad) and Mineralnye Vody, to receive Category 2 ICAO precision approach. This means that the air harbors will be able to receive aircraft in the most unfavorable weather conditions with a vertical visibility of 30 meters and a visibility range on a strip of 350 meters. By order of the FSUE "State ATM Corporation" and under the control of JSC "Concern Almaz-Antey" in 2019, the MPSN "Almanakh" (developer and manufacturer - NPP "TsRTS") deployed and introduced ...

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Alcohol labeling will be simplified

From January 1, 2021, all alcohol will be labeled with federal special marks. The law about this is published by Rossiyskaya Gazeta. In addition, the procedure for obtaining them is simplified.

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First Russian Aframax-class tanker to be commissioned at the end of 2020

The first Russian tanker of the Aframax type will be completed at the end of 2020

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New port on the Caspian Sea will help establish logistics in the region

New port on the Caspian Sea will help establish logistics in the region

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China needs another gas pipeline from Russia

Despite the growth of its own production, Beijing needs additional volumes of oil and gas and is considering the possibility of building a second gas pipeline to import Russian gas.

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The government approved a decree on the reform of the state apparatus, which will affect 45 ministries and departments. This is stated in the message  published  on the website of the Cabinet of Ministers.

As noted in the message, it is planned to reduce 74 units "performing supporting functions", as well as 37 deputy heads of federal bodies.

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Most Promising Business Areas During and After the Pandemic

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THE STATE DUMA AT FIRST READING ADOPTED AMENDMENT TO THE LAW ON THE PROCEDURE FOR MAKING FOREIGN INVESTMENT (57-FZ) | Federal Antimonopoly Service

24-12-2020 | 13:16

On December 23, 2020, Andrey Tsyganov, Deputy Head of the FAS Russia, presented the draft law at a plenary session of the State Duma of the Federal Assembly of the Russian Federation. During his speech, Andrey Tsyganov noted that amendments to the Law on the Procedure for Making Foreign Investments (57-FZ) are aimed at eliminating specific barriers to foreign investment in economic entities that operate in open, non-strategic areas of activity, but at the same time have insignificant volume of an asset that is recognized as strategic.

The changes will concern transactions that are made by foreign investors with companies whose activities are related to water supply or work with infectious agents. A simplified application procedure will be provided for such agreements.  “The FAS Russia will make decisions on such transactions, taking into account the conclusions of the FSB of Russia and the Ministry of Defense of Russia, indicating

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Russia is now among the countries with the broadest surveillance by means of CCTV. In Russia, 100 cameras per 1K people are already installed. According to TelecomDaily, China and US are the only two countries which are still ahead.

In the aggregate, there are 200 mio video cameras in operation in China, 50 mio in the USA, and 13.5 mio in Russia. Most of Russia’s cameras (58.7%) have been installed by private businesses for the sake of their safety. Further 32.8% of CCTV cameras are operated by authorities in schools, streets, highways, etc. The remaining 8.5% are owned by private individuals.

According to the analysts though, most (95%) of the said cameras in Russia are not linked to the cloud storage.

by Rina

Any forecasts of the economy’s future development and post-COVID recovery may be erratic. Currently, they are all based on an assumption of the efficiency of vaccines and anticipation of the end of the pandemic by middle of 2021.

Yet the real scenario may be much different, Anton Struchenevsky, Chief Economist at Sberbank CIB, believes. “If something goes wrong, the vaccine is not as efficient as now assumed, for example, economy will be zigzagging and that is the major uncertainty factor,” he says.

If that really happens, new coronavirus waves should be expected as well as subsequent economic recessions. It is quite possible, a sustainable development may be forgotten altogether.

“It is likely the economy will be adjusting to the situation and a recession will not be too substantial, but there will be no sustainable development which is the basis for all current economic forecasts. Economy will in turns keep growing and falling,” Struchenevsky thinks. In an environment like that, volatility in oil demand and hence in oil price may be experienced. Still, oil it will hardly drop below $40 per barrel.

by Rina

The COVID-19 crisis has been exceptionally challenging for economies of Central and Eastern Europe. Fresh pandemic-related economic restrictions in the region will link to negative Q4 2020 quarterly growth in many cases. Going forward, recovery should pick up by the early spring of next year as the winter wave of virus gradually abates, Scope Ratings GmbH notes in its recent 2021 Central and Eastern Europe Sovereign Outlook. The agency expects uneven recovery in CEE reaching 2019 output levels by only after 2021 in most countries.

Enhanced economic resilience over recent years has made CEE economies better positioned to cope with global crises such as the severe recession of 2020. The new long-term EU budget presents a major opportunity for EU CEE countries to boost investment. The agency expects a sluggish economic rebound in Russia in 2021 following a softer contraction in 2020 than in other major global economies. The Russian economy is supported by greater self-sufficiency, solid external and public-sector balance sheets, and a flexible FX regime

Next year, deficits across CEE region will narrow but remain outsized — from about 3% in Bulgaria and Russia to above 8% in Turkey and Romania. In the case of Russia, still-modest levels of public debt provide fiscal space in support of recovery, important ahead of 2021 parliamentary elections. The federal ruble denominated bond market (OFZ) continued expanding from RUR 8.9 tln in early 2020 to RUR 12.8 tln ($171 bln) as of November 2020 due to demand from domestic investors.

Scope Ratings expects CEE central banks to mostly maintain an accommodative stance next year. Additional rate cuts from the Central Bank of Russia are not precluded, given space for easing amid a benign inflation outlook. The foreign-exchange reserves of CEE central banks are cushions against future stresses in exchange-rate markets, with reserve levels close to or exceeding an IMF adequacy threshold of 100% of short-term external debt in most economies of the region. Russia’s reserves cover almost five times outstanding short-term external debt, providing an abundant buffer to absorb external shock.

The highest-productivity countries of the region, the Czech Republic and Slovenia, have raised productivity to around 75% of the euro area average, while Russia’s productivity is around half the euro area average.

Russia’s overall outlook is rated by Scope as BBB/Stable with sluggish recovery but strengthened external-sector resilience. Reigniting growth remains a major challenge for Russia. In 2021, growth of 2.5% is anticipated, supported by recovery in oil prices. Further monetary easing could also abet recovery, given a benign inflation outlook — with consumer price growth currently near a 4% target. This year, the economy is projected to contract 4.5%, somewhat softer than that in many other major countries. This owes to the Russian economy’s structure, including a smaller role for services sectors and small and medium-sized enterprises, as well as a more substantive role for the state sector, the latter requiring less policy support; and economic policies of recent years that have led to a higher degree of self-sufficiency entering this crisis and lower exposure to disruption of global supply chains, building up on substantive fiscal buffers and lowering (still-high) economic sensitivities to oil price changes. Macroeconomic stability is supported, moreover, by a flexible exchange-rate regime and an improved fiscal framework in recent years, which strengthen budgetary flexibility and foreign-exchange reserve adequacy. These factors have enhanced the economy’s capacity to withstand external shocks, including mitigating the impact of some tightening of US sanctions under the forthcoming Joe Biden administration. At the same time, geopolitical risks related to the Ukraine conflicts, exposure to political instability in Belarus, and possible intensified sanctions weigh upon external financing flexibility, investment inflows and growth prospects. More profound structural reform to raise weak medium-run growth potential (estimated at 1.5%) is unlikely to arrive soon. Growth remains structurally curtailed by adverse demographic trends and a weak business climate, with difficulties present in achieving diversification away from the dominant role of the oil and gas sector in the economy. The postponement of the ambitious National Development Plan including key infrastructure projects, as one consequence of this year’s crisis, will further weigh on growth potential. In addition, a significant winter wave of the virus and associated impacts on global oil demand, and an expansion in oil production as agreed by the OPEC+ from January 2021 onward amid structural oversupply of oil, will weigh on crude prices, Russia’s budgetary revenue and longer-term investment into its energy sector. Scope expects, however, fiscal consolidation in Russia from 2021 going forward to accommodate for lower-for longer oil prices. Policy continuity with regards to prudent fiscal, monetary and foreign-exchange policies is anticipated, which supports macroeconomic stability. As a result, the general government’s debt-to-GDP ratio is set to increase modestly in 2020 to around 20%, but stabilize thereafter medium term, supported by sizeable government cash deposits and low foreign-exchange risk in sovereign debt obligations.

by Rina

In 2020, Russia’s exports of medical products have been alternating. On the one hand, the pandemic inflated a greater demand for medicines, personal protective equipment and sanitizers. On the other hand, closure of state borders caused a few-months-long time lag and additional hardships in logistics.

Medical exports from Russia over the first six months of the year registered a 20.7% reduction compared to a year earlier. According to the Russian Export Center’s data, the overall portfolio has lost some $236,627K and amounted to $904,404K by the end of September. No doubt, the 2019 figure ($1,838,535K) will not be reached by the yearend.

A similar situation is observed in the medical services market. Its scope has been gradually declining. In the second quarter, following lockdowns and government imposed restrictions, it dropped by almost 50% due to shrinking supplies and tourist flows.

According to expert assessment though, medical equipment exports dropped by merely 6.2% as compared to 2019. Market players are nevertheless certain that the pandemic has demonstrated the need to increase investing in R&D in medicine, they therefore expect the market will recover and start growing in 2021.

Geographical distribution of medical exports has not changed. In the second quarter, major Russian exports were traditionally channeled to the countries of the CIS (34.5%), Europe (15%), East Asia (14.1%), Asia Pacific (20.6%), and Middle East (4%) with India, China, Kazakhstan, Belarus and Germany being major buyers. Over nine first months of the year value of exports to India, for instance, grew by 49.2%.

Moscow is a national leader in exporting medical products. In the pandemic environment demand for medical masks and breathing equipment has been growing. Between January and August, Moscow manufacturers supplied their goods worth $186 mio to 114 countries. Other major exporting entities have been Moscow Region ($125 mio), St Petersburg ($56 mio) and Nizhny Novgorod Region ($29.82 mio).

Despite a global lockdown, Russian exporters find new growth points as people have been paying more attention to their health, doing thorough checkups, and started to mainly shop online. Exporters also have more distributors in foreign markets who sell online despite the pandemic and instability of the world economy.

Market players hope to see a steady growth in exports of medical products since 2021. Such expectations are quite reasonable as the market is to experience diversification of manufacturing due to new cutting-edge hi-tech devices development and search for advanced methods of curing sophisticated viruses.

By Yuri Koryukalov, Neurophysiologist, NeuroTechnology LLC founder, Cordus and Sacrus devices developer

by Rina

Production of Miass mobile radars for airfields of light and regional aviation has been launched by Ruselectronics Holding of Rostec State Corporation.

Prototype tests are scheduled to begin in the second quarter of 2021, corporate website reports. The project is being implemented by the Polyot radio plant in Chelyabinsk jointly with the Industrial Development Fund, which has allocated a loan of RUR 320 mio ($4.3 mio) under the conversion program.

A key feature of the new radar system is the mode of targeted information exchange with a specific aircraft, which facilitates air traffic control and reduces the likelihood of data transmission errors. Miass radars transmit information about aircraft coordinates to dispatchers around the clock and without the presence of attendants via the primary channel within a radius of at least 100 km and via the secondary channel within a radius of at least 300 km. Another important advantage is the radar’s small size and reduced weight, which simplifies the process of its design, transportation, survey, construction and installation on site.

“The Industrial Development Fund’s investments made it possible to quickly launch serial production of these radars and bring to the market a new product that will significantly increase the safety of air traffic and contribute to the expansion of regional traffic. Also, within the framework of the project, it is planned to modernize the production infrastructure of the enterprise, including measuring and testing equipment”, Alexander Nesterov, Polyot CEO, said.

by Rina

LADA West Togliatti plant, a subsidiary of Russia’s AVTOVAZ car maker, started full-scale production of a SUV under a new name, LADA Niva Travel. The first production car rolling off the assembly line (Niva Travel Off-Road) was attended by Samara Region Governor Dmitry Azarov and AVTOVAZ President Yves Karakatzanis.

As Yves Karakatzanis, noted: “This is a great achievement especially for the team of Lada West Togliatti, which efficiently accomplished this important project in due time. Niva has a long history and a glorious path. More than 650K of these cars today drive on the roads and off-road in Russia, the CIS, and other countries. With the return of the legendary Niva name to the LADA family, we open a new page in its history. I want to assure you that in the coming years, this name will be associated with a lot of important and interesting news.”

The exterior of LADA Niva Travel has changed significantly to become more expressive and modern-looking. In the front part, the masculine character of the car is emphasized by a new hood with more voluminous stamped lines, large-mesh grille and new headlights. Side moldings and more embossed wheel arch linings, combined with a new alloy wheel design, highlight the vehicle’s outstanding off-road performance. The rear part also has got changes, receiving new, fully LED taillights and a more embossed bumper. In the Off-Road version, the Niva Travel exterior is complemented by a standard snorkel, off-road tires and a body kit made of unpainted plastic, which will protect the body in nature and look great on city roads thanks to contrasting details and expressive design.

All LADA Niva Travel cars are equipped with a permanent all-wheel drive system, which ensures uniform distribution and constant transmission of torque to all wheels of the car with the possibility of mechanical locking of the center differential and switching on the downshift series.

The SUV’s compact body, optimal distance between the axles, short overhangs of the body, and high ground clearance add to increased off-road performance in harsh driving environment while energy-intensive suspension, spacious interior with excellent visibility, powerful air conditioning, reliable noise and vibration isolation, comfortable seats and multimedia make driving most enjoyable.

The start of sales of LADA Niva Travel will be announced later.

by Rina

When we look back at the financial headlines from the 2020 global pandemic, the rise of retail traders during one of most volatile and exuberant stock markets in recent history will no doubt stand out. In essence, we have witnessed a seismic shift that has sparked much greater participation in financial markets. This empowerment of retail investors is helping individuals to better navigate their financial by harnessing the benefits of long-term compounded growth that only investments can offer in a time of zero or even negative interest rates. Importantly, investments are also one of the most effective ways of making an impact on the world.

Levelling the playing field

Almost ten years of monetary easing, endless QE programmes and negative interest rates have had enormous effects on the social fabric and inequality in society. Real estate, private equity and stock markets have rallied thanks to support from a loose monetary policy, something which has benefited assets owners but excluded the vast majority from benefiting from the rallying markets. Many people are frustrated by a feeling that only an entitled and privileged elite is benefiting from the progress of the world and many feel that their vote in elections does not make the impact they are hoping to make in the world.

Answers to these issues are complex and many-facetted, but broader participation in capital markets is a part of the answer. When you invest you get the ability to profit from value creation of companies to help you live out your dreams and at the same time support the companies and industries that matter to you.

The continued trend of citizens taking control of their investments is an important step towards the true democratization of financial markets, where people are not only taking more control of their financial futures but also taking stakes in the companies that shape our world.

Staggering growth

The growth in retail investing is staggering. Collectively, retail investors now account for nearly a fifth of all US stock market trading, and up to a quarter on most volatile days, according to recent data. While the pandemic may have given rise to a number of traders who see the rising stock market as an opportunity to ‘make a quick buck’, the vast majority of retail investors have continued to incrementally take control of their investments.

While volatile markets present many opportunities for the savvier traders, they have indisputably attracted a much larger group of long-term investors who previously had banks manage their money — many of them with high and opaque fees delivering mediocre returns — or those new to investing who simply held their savings in cash.

Some rather arrogantly lump together all retail investors as ‘dumb money’ chasing a stock market bubble. On the contrary, many retail investors remained calm and invested during the rapid market correction in March unlike many professional fund managers who were quick to offload their holdings to then find themselves playing catch up as the markets quickly rebounded and soared to record highs. 

At Saxo Bank we have experienced the huge global appetite for retail investing first-hand as we welcomed more than 80K clients in the first half of 2020. For the vast majority of them it is about time in the market — and not necessarily about timing the market.

The increase in retail investor participation in capital markets and their desire to take control of their financial future is to be applauded but comes with an important role for investment providers.

When the dust settles on the current stock market exuberance, the investment platforms and providers that will thrive will be those that realise that increased retail participation is here to stay —and critical to keeping investors engaged over the long term is to not only provide access to global markets, but to equip investors with the right tools, content, analysis and services needed to make well-informed decisions.

We have a great task in guiding clients on their full investment journey. From inspiring informed investment decisions to risk management and encouraging proper portfolio diversification — particularly for long-term investors, owning a few shares is often better than not owning any at all. But ensuring a well-diversified portfolio across industries, asset classes and geographies is key to longstanding success.

There is more to retail investing than zero-commission trading

In our opinion, the frequently cited explanation of the rise of retail investing being linked to zero fee commissions, especially in the US, is simplistic. Firstly, the growth of the retail investor segment is global and not just an American phenomenon. Secondly, this suggests not paying to invest is the catalyst. Lower fees and commissions are not new – they are part of a trend that has been evolving for more than three decades, making retail investing more accessible. Since I founded Saxo Bank in 1992, we have been a part of this journey.

Thirty years ago, the industry was dominated by opaque prices and constrained offerings and where traditional banks would easily charge clients $100 in commissions on simple stock trades with little transparency and poor execution. In 1992, I founded Saxo to disrupt the market by using better technology and pushing innovation that put the client first. Challenges from Saxo and others have changed the market status quo, and this has driven commissions to a level where everybody can invest and trade.

Some commentators believe that retail trading will collapse when the stock market turns bearish. This view may be true for a small percentage of retail investors who were attracted by the opportunity to make fast money, but for the largest majority of investors the freedom and opportunity to invest is only just the beginning of their journey towards gaining more control and impact their own financial future — and the future of our society.

By Kim Fournais, founder and CEO, Saxo Bank

by Rina

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Business news headlines from Russia. A free service by Volga Trader

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Illegal Russian lumber flooded Europe despite timber laws

European customers may have unknowingly bought hundreds of millions of dollars worth of timber linked to one of Russia's biggest illegal logging scandals, a new report by NGO Earthsight has alleged.

The timber was exported to the EU by Russian conglomerate BM Group, led by tycoon Alexander Pudovkin, who was arrested last year along with two officials implicated in fraud and bribery in the case.

Major timber accreditation body the Program for the Endorsement of Forest Certification (PEFC) was criticized for “greenwashing” BM Group's timber export business.

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Baltic customs officers detected 30 thousand packs of cigarettes without Russian excise stamps in wooden shelves

30 thousand packs of cigarettes without Russian excise stamps were revealed by the officers of Turukhtanny customs post of the Baltic customs. The cargo - wooden hinged shelves - was declared for export to Belgium by a company registered in the Smolensk region. The risk of a high probability of declaring false information has been triggered in relation to the consignment. During the container examination, using the inspectional screening complex, it was determined that the shelves have internal cavities with varying degrees of shading. When opening the container, customs officers revealed 864 wooden shelves, inside of which Minsk and Queen Menthol cigarettes with excise stamps of the Republic of Belarus were concealed. In total, more than 30 thousand packs of cigarettes were seized. On the fact of concealing goods from customs control, the Baltic Customs initiated an administrative case under Part 2 of Art. 16.1 of the Administrative Code of the Russian Federation. The issue of

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Russia’s prospects for good macroeconomic development

Amid the current worldwide economic crisis, “Russia’s GDP has fallen by 3.6%, which is less than in the leading EU countries, and less than in the United States. Its industrial production is down 3% now - mainly due to oil, the OPEC Plus deal and cuts in oil production, while processing industries showed 1.1% growth in November, ”Vladimir Putin said at an annual news conference, presidential web page reports.

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Information papers

Information papers produced by the Permanent Committee on Geographical Names (PCGN).

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Forest on abandoned fields can produce 600m cu. M of timber

The abandoned fields, overgrown with forest, will give Russia as much timber as it is now harvested in three years, according to the Rosleskhoz. And then nurseries of spruces, pines and cedars may appear on these lands.

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The supply of equipment for the construction of the quantum network of Russian Railways began

Russian Railways has launched a project to create a backbone quantum network Moscow - St. Petersburg with a length of about 800 km. The necessary equipment is being supplied. This was announced by Sergei Kobzev, Chief Engineer of Russian Railways.

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Avito buys 25% of recruiting service GigAnt

Avito buys 25% in the recruiting service GigAnt, Kommersant writes with reference to the company's press service. The amount of the deal was not disclosed. A source familiar with the negotiations said that the investment would amount to about RUB 500 million.

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An experiment on the labeling of dietary supplements in Russia will be carried out in 2021

An experiment on the labeling of dietary supplements in Russia is planned to begin next year. “Of those positions on which experiments are now being carried out, labeling of light industry goods, bicycles and dairy products will become mandatory next year,” said the head of the Ministry of Industry and Trade Denis Manturov in his video message at the Anti-Counterfeiting 2020 forum. In addition, experiments on labeling beer and low-alcohol drinks will begin. As Manturov emphasized, labeling is the most reliable way to distinguish a quality product from fakes.

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Special equipment manufacturer JCB will build a plant in the Moscow region

Special equipment manufacturer JCB will build a plant in the Moscow region

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Isover thermal insulation factory sites. Photo report

Today we will visit the plant for the production of thermal insulation materials ISOVER, ISOTEC, ISOROC in Yegoryevsk, Moscow region. It is also part of the Saint-Gobain holding. It is an international industrial group of companies, founded in 1665 in France. By the way, only in Russia they have 8 factories. The same plant is the real pride of the company, because it meets all the world criteria for efficiency and safety, moreover, it produces insulation materials that have no analogues both in Russia and in the world. Brand history The history of the ISOVER brand begins in France in 1937, when the Saint-Gobain company began to produce sound and thermal insulation.

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The business estimated the costs of controlling the disposal of packaging at ₽200 billion

The costs of companies due to new obligations for the disposal of packaging will grow by ₽200 billion a year, as estimated in business organizations. The government is preparing a reform that aims to increase control over the disposal of goods and packaging

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Almost a third of employees in Russia announced a decline in income in 2020

Only 7% of professionals reported this last year. For 15% of Russians, incomes fell by more than 20%. A third of employers reported that they had raised their employees' salaries. In 2019, there were 74% of such companies

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Fashions shift from diamond rings to necklaces and earrings

Mid-sized diamond companies may not survive the pandemic. In 2019, this market was influenced by several negative factors at once: demand fell in the USA and China, funding for cutting companies in India seriously decreased after a number of disclosed frauds, but diamond reserves increased.

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Proposal to limit foreign films in online cinemas to 20% share

A bill has been introduced to the State Duma prohibiting foreigners from owning a share of more than 20% in Russian online cinemas. So, at present, legislation limits the 20% share of foreign participation in audiovisual services by analogy with the media, however, for local services with a Russian audience of more than 50% of the total, an exception is made, in which the share of foreign ownership can be any. The introduced bill is intended to remove this exception. The proposal was made by the United Russia deputy Anton Gorelkin. “We have prescribed this restriction for platforms in which the share of the Russian audience is less than 50%. It turned out that foreigners can buy our domestic online cinemas at least in the bud. After all, they have more than 50% of the audience in Russia, ”he said in his Telegram channel. At the same time, the parliamentarian stressed that no one plans to block foreign online cinemas. We will remind, earlier ABN reported that by the end of this year the losses of the Russian film industry could grow to 23 billion rubles, which

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A perinatal center for 213 beds was opened in Novosibirsk ahead of schedule

A complex of the regional perinatal center was put into operation in Novosibirsk. It consists of four blocks with a height of six to seven floors, connected by a passage with the building of the regional hospital. The construction of the facility has been carried out since 2013. A specialized department, which is located in the regional hospital, will move to the new complex. The new healthcare facility will bring the provision of medical care to pregnant women and newborns to a radically new level.

 

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Vodka production decreased in Russia in 2020

In November 2020, the volume of vodka production in Russia decreased by 13.5% compared to 2019. Thus, the production volume amounted to 7.9 million dal. According to Rosstat, when compared with October 2020, the volume of vodka production increased by 0.5%. If we take the indicators for January - November, then production, compared to 2019, decreased by 4.6%. At the same time, cognac production decreased by 17.4% to 850 thousand decalitres. And for the nine months of this year, a decrease of 9.2% was recorded. Retail trade turnover in Russia in January - November 2020 decreased by 4.1% and amounted to 30 trillion rubles.

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A robotic farm opened in the Kirov region

© dsx-kirov.ru One of the largest agricultural organizations of the Belokholunitskiy district of the Kirov region, SEC "Bydanovo" has completed the construction of a new robotic loose cow farm for 224 heads. Two robots (for 60 cows each) are serviced by one specialist and one auxiliary worker, while in linear milking and tethering, much more workers are needed for the same number of cows. In addition, robotic milking allows early detection of an animal's udder disease, which can affect the quality of milk, and this is the main priority here - only the “extra” class product is immediately sent to the Kirov milk processing plant. The volume of investments amounted to 59 million rubles. ...

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In the Saratov region, the head of the Russian Railways division was detained for a bribe

In the Saratov region, the head of the Privolzhskaya Directorate for Heat and Water Supply (a structural unit of the Russian Railways branch) was detained, who is suspected of taking a bribe in the amount of 1.2 million rubles.

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The Chelyabinsk Zinc Plant has completed the implementation of the Operational Production Management System

At the Chelyabinsk Zinc Plant, within the framework of the digital transformation program, the implementation of the Operational Production Management System (PMCS) was completed. This software solution is part of the MES (Manufacturing Execution System). MES is like a smart home, only in production. In addition to collecting all data and analyzing it, the system can control and optimize many processes and resources. COPP allows you to avoid a huge number of paper reports, Excel-documents, duplicate data in different programs, and to manage production in real time. At present, only a part of the MES-level functions is implemented in the SDCS. The enterprise plans to expand the system, implement the function of drawing up a technological report ...

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In Arkhangelsk, the "Region-Les" company opened a new plant for the production of wood pellets

The Region-Les company has opened a new plant for the production of wood pellets, located on the territory of the former Sawmill No. 3 in the Mayskaya Gorka district of the city of Arkhangelsk. The production is aimed at deep processing of wood, based on the complex use of wood raw materials using modern waste-free technologies. Thanks to investments in new equipment, a plant for the production of wood pellets from primary low-grade wood appeared in the regional center. The processing volume will be about 200 thousand cubic meters of round timber per year. Finished products will be shipped to ships for subsequent shipment to foreign buyers. The production capacity will allow to export 80 thousand tons of wood pellets annually.

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The government will allocate more than 7.6 billion rubles for the creation of a children's rehabilitation center in the Novosibirsk region

The work is carried out on behalf of the President.

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More housing is being built in 2020 than last year

More housing is being built in 2020 than last year

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The Digital Leaders Award unveils the best digitalization projects for the first time

The current stage of development of any sphere of life is already unthinkable without digitalization - the leading trend of progress. Its implementation occurs literally in everything, but the main thing is that it leads to an improvement in the quality of life and an increase in the efficiency of business and the economy.

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Rosselkhoznadzor negotiated with the UK to approve veterinary certificates for the supply of livestock products to the EAEU

On December 17, Rosselkhoznadzor in the format of a videoconference held negotiations with representatives of the UK Department of Environment, Food and Agriculture (DEFRA). The parties discussed the possibility of agreeing on bilateral veterinary certificates for the supply of live animals, livestock products, feed and seeds to the customs territory of the Eurasian Economic Union from Great Britain. The British Office previously sent about 14 drafts of these certificates with their proposals to Russian and Kazakh colleagues. It should be noted that a similar list of certificates was sent by the British side to the Veterinary Service of the Republic of Kazakhstan, which has already initiated the approval procedure for 7 veterinary certificates. At the meeting, the Services discussed possible controversial issues regarding the requirements of these certificates. The Russian side informed that it had sent all comments to the Kazakh department. As reported in

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Airlines not flying the SSJ100 will have subsidies cut in half

Subsidies for regional transportation of airlines that do not fly on the Superjet will be halved in 2021 - by ₽5.1 billion. Almost 70% of all subsidies, both federal and regional, will be received by companies with this aircraft in the fleet

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The first Far Eastern crabs were launched

The first crab built in the Far East was launched. The project was implemented within the framework of investment quotas for crab catching on the principle of `` where we catch - there we build ''. The program can add about 30 billion rubles to the GRP

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Russia signed five more investment agreements worth ₽129 billion

The Ministry of Economic Development announced the signing of five more agreements on the protection and encouragement of investments (SZPK), the total investment in which will amount to 129.4 billion rubles.

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Amid the current worldwide economic crisis, “Russia’s GDP has fallen by 3.6%, which is less than in the leading EU countries, and less than in the United States. Its industrial production is down 3% now — mainly due to oil, the OPEC Plus deal and cuts in oil production, while processing industries showed 1.1% growth in November,” Vladimir Putin said at an annual news conference, presidential web page reports.

“Over the past few years, Russia’s agricultural industry has posted good figures, and now it is somewhere around up 1.8%. Agriculture might not even show a decline for the year, but an increase of up to 2%,” he noted. “The banking sector is in a very satisfactory condition, with profits estimated at about RUR 1.3 tln ($17.3 bln) for the year. This definitely testifies to the financial system’s stability. Real wages will grow by about 1.5% by the end of the year across Russia, although unfortunately, there will be a decline in real disposable incomes by around 3%. Unemployment rate in Russian was 4.7% at the beginning of 2020; now it has grown to 6.3%.”

Yet “A positive trade balance can be considered a good indicator. It creates conditions for good macroeconomic development. The national debt had been at its lowest at $70 bln. It shrank by another $10 bln since. Russia borrows less in foreign markets, while regularly servicing all its loan obligations. Hard currency reserves have grown. At the beginning of this year, they amounted to $554.4 bln; as of December 4, they are about $587.7 bln. The same holds true for the National Wealth Fund which was RUR 7.7 tln ($100 bln), now it is almost 13.5 tln.”

by Rina

The platform onlinedoctor.at, Europe’s leading provider of teledermatology, recently started operating in Austria.

After entering the market in Switzerland and Germany, the platform now also offers dermatologists online consultations in the Alpine Republic on the basis of photos.

People seeking advice will be given an evaluation within a maximum of 48 hours. The current rate of successfully handled cases by OnlineDoctor is 86%, and a local appointment is only required for 14% of the patients. “Due to the coronavirus, both patients as well as doctors are much more open to telemedicine“, states Dr Philipp Freitag, Managing Director of OnlineDoctor Austria. More than 20% of the Swiss and 10% of the German dermatologists already make use of this eHealth service.

OnlineDoctor is the leading teledermatology platform in the DACH region. Patients can have skin problems professionally evaluated by a specialist for skin and sexually transmitted diseases within 48 hours on the basis of photos and other information which is conveyed. More than 600 dermatologists already use OnlineDoctor everyday in Switzerland, Germany and now also in Austria since September.

About 4% of the medical specialists in Austria are dermatologists. Dermatology is one of the specialized areas particularly suited for an asynchronous consultation. The patient and the doctor do not have to be at the same place at the same time. This is because many skin diseases can be identified by a visual diagnosis. Moreover, smart phones are equipped with good cameras and thus ensure the immediate availability of photos.

“In connection with a description of the symptoms, photos provide an extremely high degree of meaningful information in most cases. In this way, patients do not have to go through a time-consuming visit to a doctor’s surgery or hospital clinic, and relief is provided to the overburdened healthcare system“, explains Rainer Hügel, Medical Advisor of OnlineDoctor Austria.

by Rina

After a global contraction in 2020, Scope Ratings agency forecasts in its report a year of recovery in 2021 led by China (9.9% growth). In addition, 2021 recoveries are foreseen in the United States (2021 growth of 4%), the euro area (5.6%), Japan (3%) and the UK (6.6%). In line with expectations, a new wave of SARS-CoV-2 infection has sent recovery in many cases into temporary reversal in the 2H-2020. The recovery is likely to gain a firmer foothold by early spring 2021 as reopenings restart, although full economic normalization in 2021 and beyond will remain vulnerable to setbacks. There are both upside and downside risks to the 2021 global outlook.

The global economy will rebound by around 5.4% next year after the sharpest contraction of the post-war era in 2020 when output will have fallen by about 4.0%, but the recovery will prove uneven amid an overhang of global debt, says Scope Ratings.

“We continue to expect recovery to gain a firmer foothold by the early spring of 2021 as vaccines are made available to at-risk segments of the population, better weather slows virus transmission and governments ease social and economic restrictions,” says Giacomo Barisone, head of sovereign ratings at Scope. “Full economic normalization in 2021 and beyond will remain vulnerable to setbacks, however — partly from the risk of another wave of infection in countries that ease restrictions too speedily — such as in advance of the coming holidays.”

“Global government debt is close to a record 100% of GDP, while public debt trajectories are unlikely to reverse significantly post-crisis in the case of many government borrowers,” he say. “This represents a constraint for the sovereign rating outlook. Rising household and corporate debt levels, in addition, hold implications for financial stability. Non-performing loans and defaults could rise as extraordinary support provided to protect households, jobs and business tapers as the crisis moderates next year.”

Central banks have mitigated immediate sovereign liquidity risks in advanced economies. Due to central bank action, financing rates for governments in advanced economies have fallen compared with pre-crisis levels despite much higher debt. However, any normalization steps of central bank policies could lead to a repricing of risk. In emerging economies, financing constraints are more significant as increased debt has escalated currency and debt crises.

Scope currently rates 10 sovereign governments of a portfolio of 36 rated countries with a Negative Outlook, including the UK and Japan, while Ireland, Greece and Lithuania hold Positive Outlooks. Rating actions in 2021 will depend on the impact of the crisis and expected speed of recovery; the efficacy of monetary and fiscal policy responses; as well as sovereign credit profiles at a given rating level.

The budgetary strategies of governments post-crisis will concentrate on maintaining pro-growth policies to achieve fiscal consolidation rather than relying on austerity as they did after the global financial crisis. “This carries its own long-term risks,” says Barisone. “If sustainably higher growth does not materialize after investment spending over the coming years, large deficits could translate to unsustainable debt dynamics, forcing more permanent central bank interventions.”

Monetary policy will remain highly accommodative. Revisions to central banks’ policies in the context of asset purchases and ambitions to support green transitions could transform global central banking in the years ahead.

The dollar remains the dominant global currency, with the euro still far behind. Still, recent developments — notably the enlarged pool of euro area safe assets as the EU issues debt to finance recovery — could enhance the euro’s global reserve currency role to challenge the dollar’s dominance long term, with positive rating implications for euro area sovereign issuers over time. “EU issuance to finance the Recovery Fund as well as ECB asset purchases mark a fundamental transition in EU fiscal and monetary frameworks towards closer implicit fiscal and monetary union. This is credit positive even though the landing zone for an EU architecture post-crisis remains unclear.” “We also expect governments, regulators and investors to pay increasing attention to the interplay of credit and environmental, social and governance risks, partly as a consequence of the disruption caused by COVID-19,” says Barisone.

Scope’s sovereign rating methodology accounts for environmental credit risks via three factors: transition risks, natural disaster risk and ecological wealth.

Inward-looking policies of the outgoing US administration, as evidenced by protectionist actions and greater use of sanctions, have incentivized diversifications from the US dollar. For example, both the Russian and Chinese central banks sold part of their US-dollar-denominated reserves over 2018-2019. While the incoming Joe Biden administration will strengthen transatlantic cooperation, sanctions on Russia are likely to be reinforced.

With emerging markets anticipated to also see rebounds next year, Russia may demonstrate a 2.5% growth in 2021 (against 1.3% in 2019) after a comparatively soft contraction of about 4.5% this year. Unemployment rate of 4.6% in 2019 reached 6% in 2020 and is likely to be at 5.5% next year. Despite synchronized shocks, Russia’s 2020 GDP performance is expected to be less adverse than that of advanced economy peers. This is largely due to the Russian economy’s structure, including a smaller role for services sectors and small and medium-sized enterprises, as well as a more substantive role for the state sector, the latter requiring less policy support. Russia’s credit ratings are supported by conservative fiscal and economic management policies, an enhanced degree of economic self-reliance and lower exposures to disruptions in global supply chains. 2021 growth will be anchored by the expected recovery in oil prices. Nonetheless, the uncertainty in regard to the oil sector outlook could weigh upon economic recovery, especially amid the pandemic’s second wave and a global oil supply glut, the latter made worse by OPEC+ agreement on a rise in supplies from January onward. Russia’s economic outlook is supported by a flexible exchange rate regime, which anchors budget revenues as well as mitigates the negative impact on foreign exchange reserves during bouts of currency depreciation. However, the absence of more significant structural reforms to address low growth potential, alongside weak private consumption and investment, and geopolitical risks, will constrain recovery. International sanctions on Russia are likely to remain in place under the forthcoming US administration if not be strengthened. At the same time, geopolitical risks related to the Ukraine conflict, exposure to political instability in Belarus, and the possibility of intensified sanctions weigh upon the country’s external financing flexibility, investment flows and growth prospects. Policy continuity with regards to prudent fiscal, monetary and FX policies are expected.

by Rina

In the first nine months of 2020, Moscow’s exports of lighting equipment increased 6.3% to $40.24 mio. In the same period last year, this figure was $37.85 mio, according to Deputy Moscow Mayor for Economic Policy and Property and Land Relations Vladimir Yefimov.

“Today lighting equipment is exported to 78 countries, with Western, Eastern and former Soviet countries being key buyers. For example, Moscow-made lighting equipment supplied to Belarus is valued at $12.46 mio in sales, to Kazakhstan $10.82 mio, to Ireland $2.46 mio, to Germany $2.06 mio and to Korea $1.69 mio,” he noted.

Even during the pandemic restrictions, large economic hubs didn’t put large infrastructure projects on hold. For them, lighting equipment is one of the most important elements. “While China, the world’s leader in lighting equipment, was in the epicenter of the pandemic and had to suspend production, Moscow manufacturers came to the rescue of international clients. They multiplied the shipments of certain products and parts. For example, exports to Spain grew seven-fold, and Moscow manufacturers have partially replaced the Chinese makers. Exports to Germany and Korea have also increased,” said Alexander Prokhorov, head of Moscow’s Department of Investment and Industrial Policy.

This year exports to Bulgaria saw the highest increases both monetarily and in terms of percentage (seven-fold), and the Republic of Korea (82.7%). The export to China and Belarus shows almost the same growth indices.

In order to increase Moscow’s export potential, the Mosprom Center to Support and Develop Industrial and Agricultural Exports under the Department of Investment and Industrial Policy, and the Moscow Export Center under Moscow’s Department of Entrepreneurship and Innovative Development provide comprehensive support to local companies.

“The Moscow government actively supports Moscow exporters of lighting equipment with both financial and non-financial tools. Exporters can receive compensation for the costs of conducting foreign trade activities through incentives and grants, take part in foreign business missions and leading international trade shows for free and have the opportunity to promote their products in the largest marketplaces in the world among many other things,” said Head of the Department of Entrepreneurship and Innovative Development Alexei Fursin.

by Rina

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Business news headlines from Russia. A free service by Volga Trader

Do you see an opportunity in a news item? Contact us to follow it through.

email: NewsCentre@volgatrader.com

Uglich cheese-dairy plant completed modernization

More than 13 thousand m2 of production space and 3.45 thousand m2 of warehouse premises were reconstructed, modern equipment was installed. More than 100 new jobs will be created. “The entire technological line, all engineering structures have been completely replaced here,” said Sergey Bachin, chairman of the board of directors of AgriVolga LLC. - The plant is fully automated, it can produce 12 tons of cheese per day. We focus on local varieties. Uglich was not just a center for cheese production, but also a center of scientific thought: all varieties of Russian cheese - both Soviet and Adyghe - were developed here. Our competitive advantage is the traditions that have been created here ....

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Rosneft discovered a field on the Taimyr Peninsula with reserves of 500 million tons of oil

Vostok Oil, part of Rosneft, discovered a new field with oil reserves of more than 500 million tons in the Zapadno-Irkinsky subsoil area in Taimyr. The field is located 140 km from the village. Dudinka. Oil fields with such reserves are classified as unique. In 2020, a prospecting and appraisal well Zapadno-Irkinskaya No. 31 was drilled in the West Irkinskiy subsoil area. The design solution for the construction of well No. 31 provides for drilling to a depth of 4200 m with a deviation from the vertical of 1200 m. An extended well logging complex was performed in the well with reservoir testing using the Saturn equipment, in the interval of the Нх4-3 reservoir, deep ...

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Start date for labeling of dairy products

The government approved new terms for the introduction of mandatory labeling of dairy products in Russia: for cheese and ice cream it will begin on June 1, 2021, for dairy products with a shelf life of more than 40 days - September 1, and for products with a shelf life of up to 40 days inclusive - December 1 of the future of the year.

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Searches took place in the office of the owner of the Usachevsky market

The office of the Gremm Group, which also manages the Usachevsky market, was searched in connection with loans at the bankrupt Sudostroitelny Bank. Gremm Group explains that the case is related to its former assets

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Conference on the safety and quality of agricultural products

December 16, Assistant to the Head of Rosselkhoznadzor Artem Daushev took part in the All-Russian scientific and practical conference "Security and the quality of agricultural raw materials and food ", organized by The Ministry of Agriculture of the Russian Federation and the Moscow Agricultural Academy named after K. A. Timiryazeva. The event took place online. On it with a welcoming speech was made by the academician of the Russian Academy of Sciences, the rector of the oldest agricultural university countries Vladimir Trukhachev. With a report on the topic "Environmental problems of quality of livestock products in the Russian Federation "was made by Irina Donnik Mikhailovna, Academician of RAS, Vice-President of RAS. In total, the plenary session was 13 reports were presented from representatives of the scientific community and organizations higher education of the Russian Federation on topics related to safety and the quality of agricultural products. In total, more than 1,500 people. Assistant to the Head of the Rosselkhoznadzor Artem Daushev spoke at the conference

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Every fifth store closed in 2020 in Russian shopping centers

In the country's malls, due to the crisis, 20% of stores (about 1 million companies) went bankrupt, Izvestia reports, citing the Union of Shopping Centers. They mainly belonged to representatives of small and medium-sized businesses. In the country's malls, due to the crisis, 20% of stores (about 1 million companies) went bankrupt, Izvestia reports, citing the Union of Shopping Centers. They mainly belonged to representatives of small and medium-sized businesses.

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TealTech Capital fund invested in Forsal

The investment fund "TealTech Capital" invests in the company Forsal, which develops, manufactures and distributes household chemicals. Write about this "Vedomosti" with reference to the representative of the fund.

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Banks will replace up to 50% of plastic cards with digital ones

Sberbank and VTB intend to increase the share of digital cards in the issue of new cards to 40-50% in 2-3 years. Replacing “plastic” with “digital” saves money and fits into the “green” agenda. But most Russians still prefer "plastic"

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Individuals may now join the Moscow innovation cluster

Individuals can now join the Moscow Innovation Cluster. According to the Deputy Mayor of Moscow Natalya Sergunina, this will allow finding partners and investors, placing orders for the production of products, becoming a participant in technological competitions

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Mobile data processing center

The mobile data processing center was created by the specialists of the Federal State Unitary Enterprise RFNC - VNIITF named after academician E.I. Zababakhina ". It has been tested in the nuclear industry and other specialty areas. The mobile data center is designed to work in hard-to-reach areas in projects requiring operational equipment of the point of receiving, processing and transmitting information. It can be used in the extractive industry, including prospecting for minerals, in the fuel and energy complex, construction, the transport industry, at defense industry enterprises and facilities of the Russian Armed Forces, in the Ministry of Emergency Situations and the environment. A data center is a complex of computing, engineering and communication equipment located in a specialized shipping container ...

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Garbage database to be published on the Internet

It is planned to accumulate and publish information on municipal waste throughout the country on the Internet. A corresponding bill on the creation of an electronic model of the federal scheme for the management of municipal solid waste was developed by the Ministry of Natural Resources. This was reported by Izvestia. It is assumed that the government will determine how the new system will be run. At the same time, the model will become part of the state MSW accounting information system already launched in 2019. So, in the current system there is data on the sources of the formation of household waste and their accumulation, tariffs and necessary contracts are also taken into account.

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Almost the entire investment program of Gazprom will be received by one contractor

It will be the "daughter" of the monopoly "Gazstroyprom". Its portfolio of contracts is over RUB 1.4 trillion. Last year, GSP implemented less than a third of Gazprom's investment program

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Government procurement has grown 1.4 times

The volume of the government order market has grown 1.4 times since the beginning of the year

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MArs launches 2nd stage of production of pet food

On December 15, the second line for the production of wet pet food was launched at the Mars company in the Rostov region. Investments in the project exceeded 1 billion rubles. The investment project was implemented as part of an agreement between Mars and the Rostov Region, signed at the St. Petersburg International Economic Forum in 2019. The construction and commissioning of the second production line took 14 months. As a result, the production capacity of the factory was doubled, and 40 highly qualified jobs were created there.

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Essential medicines will be combined into three lists

Essential medicines will be combined into three lists

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New sports facilities opened in Tatarstan

Two indoor skating rinks were built according to a standard design. In each of the sports facilities there is an artificial ice rink designed for hockey, figure skating, as well as for mass skating. The building will also provide changing rooms for 25 people, showers, storage, distribution and drying of rental shoes with skates, bathrooms. The total area of each building was about 3 thousand square meters.

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Fish factory launched in Kunashir via video link with Thailand

Fish factory launched in Kunashir via video link with Thailand

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The World Bank reviews Russian prospects

The World Bank has named measures that will help Russia accelerate its economic growth. According to the Izvestia newspaper, economists said that for economic growth, the country needs to revise its import substitution policy. In addition, it needs to support the service sector and create a national institution to attract investment. Other measures include lowering import duties, abandoning outdated technical regulations and focusing on protecting investors' rights. The document says that Russia has untapped potential and if it takes a step towards integration into international trade and the network of foreign direct investment, it will be able to achieve national goals, diversify the economy, increase GDP and multiply the benefits of traditional trade. In the summer, ABN wrote that experts believe that the growth of the St. Petersburg economy in a post-like world is possible. But this time, the city will have to look for new incentives for economic growth not in the service sector, but in development.

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The importance of medical textiles during the pandemic

The Innovative Research and Production Center of the Textile Industry, the Russian Quality System, the ProKachestvo business portal and EXPOCENTRE AO organized the online Panel on Innovative Textile Materials in Medicine, as part of the online program of Russian Health Care Week 2020. The event was moderated by Development Director of the Innovative Research and Production Center of the Textile Industry Konstantin Bandorin and Expert of the All-Russia People's Front, Chair of the Board of the Council of Mothers Russian Public Organization, President of the Association of Manufacturers and Consumers of Goods and Services for Children “Parents' Choice” Tatiana Butskaya. According to Konstantin Bandorin, medical textile is a large segment of the textile and garment industry, which becomes especially important during the pandemic. These are masks, napkins, sheets, fillers, protective clothing, orthopedic products, and much more. According to researcher at the Innovative

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Online 2020 closing joint meeting of the Belgian-Luxembourg Chamber of Commerce in Russia and the Belgian-Russian Business Club has taken place, themed Inspiring challenges and assessing prospects: Russian Economic Agenda 2020–2021.

The web lounge event moderated by Oleg Prozorov, CEO of BLCC, was opened by H.E. Ambassador of Belgium to Russia Marc Michielsen who noted that “2021 may be the year when we leave COVID behind us and we can look forward to interesting things like reinforcing business ties between the two countries.”

As Johan Vanderplaetse, Belgian-Russian Business Club President pointed out, “Macroeconomic situation in Russia in January, February and early March of 2020 looked very well and economic progress was being made. Then Russia confronted three crises: the pandemic, oil shock, and geopolitical issues and sanctions. The fact it could withstand the hardships says a lot about its solid macroeconomic fundamentals. Russia is weathering the storm rather well with exception of SMS sector.”

Mr Chris Weafer, founder of Macro Advisory, an independent macro consultancy which provides macro-economic and business trend advice for business managers and investors working in Russia and the CIS, presented his detailed overview of the current situation in Russia and prospects for the near future, noting, “There was every reason to be optimistic about the start of the year including that of the government becoming more serious about core sectors and pushing ahead a big spending program. Despite the problems of 2020 such as COVID and oil prices, promising opportunities are not gone but they were merely interrupted. The government remains committed to development programs. There are expected effective changes in order to attract foreign investment.”

In his view, “Russia’s economy is too dominated by state (over 60% of national GDP) and by big industries. The percentage of SMS entrepreneurs is far too small. And for any economy to grow and change it should be the other way around.”

“This is the fourth crisis in last 23 years, but unlike previous ones the government now has resources available. Over the past years there has been a reduction in vulnerability due to hydrocarbons volatility,” he said. “The country is in a good shape and its current financial position is strong with no concerns about debt or funding the programs announced by the government or the budget deficit for several years. The economy is slowly recovering from the 1Q20 decline and should pull back to pre-COVID levels by mid-2021.” Besides, authorities manifest their “commitment to rebuilding real incomes in real terms.”

“Though government holds a public position that no new inward investment is possible for some while, when COVID is over, there are likely to be more incentives and efforts to attract foreign investors. Companies who are looking at possibilities of expansion into Russia should be able to get good deals,” Chris Weafer stated.

by Rina

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The World Bank assessed the impact of mass vaccination on the Russian economy

If the vaccination that has begun proves to be effective in the fight against COVID-19, the Russian economy will embark on a sustainable recovery: in 2021 and 2022, GDP growth will be 2.6% and 3% of GDP, and the poverty level will fall below the pre-crisis level in 2021, the World bank

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Flashpoint VC Launches New Venture Fund

International investment firm Flashpoint (formerly Buran VC) launches new venture fund. Rusbase was informed about this by a representative of an international investment company. International investment firm

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The Federation Council approved the law on the register of certificates of conformity

At a meeting on Wednesday, the Federation Council approved the law on the formation and maintenance of the register of certificates and declarations of conformity for industrial products, the procedure for maintaining the register will be established by the government.

According to the document, the concepts "invalidation of the declaration of conformity" and "invalidation of the certificate of conformity" are introduced.

that expert auditors, independent of manufacturers, sellers, contractors and purchasers, will confirm compliance. At the same time, certification bodies that have issued a certificate of conformity for mass-produced products will have to carry out inspection control over the objects of certification in the manner and frequency that are provided for by the requirements of the Eurasian Economic Union and the legislation of the Russian Federation on technical regulation.

Declaration on compliance, according to the law, will be subject to invalidation in cases of termination of the activity of an individual entrepreneur,

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The average bill for tangerines is up 20%

In early December, the average bill for buying tangerines increased sharply compared to the same period last year - by 20%, to 104 rubles.

This is evidenced by the data of the OFD Platform from December 1 to 13, which Izvestia got acquainted with. The company explained: due to the currency jump, the cost of imported fruits increased. The average bill for champagne has also changed - it added 21% to last December and amounted to 410 rubles, although the cost of the drink has not changed significantly over the year. In general, the festive table of Russians has risen in price by 4.5% by 2019, according to the Agroanalytics Center of the Ministry of Agriculture. As a result, it will cost 6.7 thousand rubles.   Turkish mandarin

The analytics service of the operator of fiscal data "Platforms OFD" studied the pre-New Year acquisitions of Russians from December 1 to 13, for this purpose experts analyzed 44 million checks per day from 1 million online cash desks in the country. As a result, it turned out that the average bill for buying tangerines had grown to 104 rubles. It

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Medvedev considers "raznotyk" a chronic problem in Russia

A chronic problem in Russia is the work of different departments.

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"Leaders of Russia" will be involved in decriminalization of the forest industry

Leaders of Russia will be involved in decriminalization of the forestry industry

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A plant for the production of veterinary drugs will appear in Moscow

An agreement on the creation of a modern plant for the production of veterinary drugs with a total investment of 514 million rubles was signed on December 16 at a meeting of the Moscow Government with industrial companies. The project will be implemented by BinoMedVetService, which has been assigned the status of a priority investment project.

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Marat Khusnullin took part in the opening of traffic on a new bridge across the Don and on a reconstructed viaduct in the Krasnoyarsk Territory

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VTB and MTS set a blockchain precedent

The first business deal on a domestic blockchain platform with state participation took place in Russia. Carried out by a big business, as a precedent, it is interesting to a very wide range of companies

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Bookmakers are ready to go under the control of a systemically important state bank

Bookmakers are ready to go under the control of a systemically important state bank

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The FCS of Russia discussed the automation of customs control after the release of goods

On December 14, 2020 at the Federal Customs Service under the leadership of the First Deputy Head of the FCS of Russia Ruslan Davydov an online seminar "Automation of operations during customs control after the release of goods in the context of customs reform" was held. In his opening remarks Ruslan Davydov emphasized that the automation of operations is a priority in the activities of the customs authorities. “The speed of customs procedures, the load on the personnel, the objectivity of the appointed forms of customs control and, as a result, the reduction of corruption risks depend on the volume of digital coverage of customs operations,” he said. At present, after the release of goods, customs control units use technologies for automatic selection of control objects. The existing approaches are planned to be optimized and "linked" with the control carried out at the stage of declaration and release of goods. With a report on the development of automated technologies

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The arrested ex-deputy told his version of the conflict with Alfa Group

Before being arrested for extortion of $ 37.5 million from the owners of Alfa Group, Leonid Mayevsky signed an amicable agreement with them, he told RBC. The company says they signed the document under pressure - because of the threat of blackmail

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X5 Retail Group decided to cancel the mark-up on socially important goods

X5 Retail Group, managing retail chains Pyaterochka, Perekrestok and Karusel, announced the decision to establish a zero mark-up on a group of socially important goods from December 16. These products will be marked with special price tags on store shelves.

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Demand for rent and purchase of urban land in Moscow increased by 65.5% in 11 months - Deputy Mayor Efimov

Investors began to more often conclude lease and purchase agreements for land plots in Moscow. This is almost twice the figures for all of 2019, said Vladimir Yefimov, Deputy Mayor of Moscow for Economic Policy and Property and Land Relations.

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The state won almost 80% of cases of unjustified tax benefits

For three years of the validity of Art. 54.1 of the Tax Code, which defines the criteria for an unjustified tax benefit, only 22% of legal disputes over it ended in favor of business. The situation may be changed by the forthcoming recommendations of the Federal Tax Service

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Materials for the Government meeting on December 16, 2020

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High technologies penetrate the chemical industry enterprises

High technologies penetrate the chemical industry enterprises

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Ammonia producer entered the TOP-100 of the best Russian companies

Ammonia producer entered the TOP-100 of the best Russian companies

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Business in Russia aims at complex integration of digital solutions

Business in Russia aims at complex integration of digital solutions

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Breeding as a tool to increase the global competitiveness of the Russian agro-industrial complex

Experts completed the first stage of the large-scale research project `` Breeding 2.0 '', dedicated to an in-depth analysis of the breeding and seed industry in our country. The authors of the report presented 10 steps of transformation of the Russian breeding and seed industry

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Original only: is it possible to remove counterfeit medicines and food from the shelves?

Counterfeit products are present to one degree or another in all industries. Such products are hazardous to the health of consumers, as well as "shady" manufacturers do not pay taxes

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Sugar and butter will fall in price, bitcoin has set a record. RBC main news

Untrained people cannot be sold complex investment products, warned Nabiullina, the World Bank estimated the measures of the Russian government, butter and sugar will fall in price in five days, bitcoin has skyrocketed in price; main events - in the review by RBC

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"Uchi.ru" and Mail.ru Group have launched the All-Russian Online Programming Olympiad

On December 15, the main stage of the programming Olympiad for students of grades 1-9 began. The competition is aimed at popularizing IT professions among schoolchildren. To participate, you need to log in to the Olympiad website. On December 15, the main stage of the programming Olympiad for students of grades 1-9 began. The competition is aimed at popularizing IT professions among schoolchildren. To participate, you need to log in to the Olympiad website.

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"Cocoa is the new coffee": why an unusual product can take off and how it happened with cocoa beans

The co-founder of the coffee roasting and delivery company Torrefacto has long dreamed of bringing high-quality cocoa to Russia. He had free time on self-isolation. But the question arose: are Russians ready to spend money on a non-essential product when buckwheat ends up on the shelves? We tell you how Alexey German took the risk of launching a new line, trusted the designers and miscalculated with the first batch of beans. The co-founder of the coffee roasting and delivery company Torrefacto has long dreamed of bringing high-quality cocoa to Russia. He had free time on self-isolation. But the question arose: are Russians ready to spend money on a non-essential product when buckwheat ends up on the shelves? We tell you how Alexey German took the risk of launching a new line, trusted the designers and miscalculated with the first batch of beans.

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Petersburg hotels lost more than 18 billion rubles in 2020

Revenues of St. Petersburg hotels have dropped significantly this year due to restrictions and a drop in occupancy. The average check also decreased. Thus, the average occupancy in St. Petersburg hotels fell by 35%, and the lost revenue amounted to 18.4 billion rubles. These are the data of analysts at Rusland SP Hospitality. The average room price decreased by 38% and amounted to 2.8 thousand rubles. Earlier ABN reported that in St. Petersburg in late November - early December, decreased by a third compared to last year, hotel bookings.

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"Digital profile" and simple OSAGO in VSK

VSK Insurance House, with the support of the FinTech Association, has integrated with the Digital Profile service as part of a large-scale pilot project aimed at improving the quality and connectivity of data contained in state information resources.

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Gas carriers for Russian LNG will be built at the Zvezda shipyard

Gas carriers for Russian LNG will be built at Zvezda shipyard

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Export of Russian fish to Egypt was opened

Export of Russian fish to Egypt was opened

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Sberbank predicts a flow of up to RUB 4 trillion. in digital ruble

Sberbank predicts a flow of up to RUB 4 trillion. in digital ruble

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New solutions have been applied in the new paint shop of the Chelyabinsk Mechanical Plant

The Chelyabinsk Mechanical Plant, a manufacturer of cranes of various configurations, was faced with the urgent issue of creating a new workshop equipped with modern painting equipment. The existing at the enterprise was no longer able to provide the required quality and durability of the coating of the manufactured products. © ur-spk.ru The team of the engineering company SPK GROUP proposed a project for two open paint areas with a length of 76 m. Open paint area - specialized ventilation for the paint area. © Video from youtube.com/ https://www.youtube.com/embed/wswAFvw6O2w The technology of the zone involves the provision of ...

The Chelyabinsk Mechanical Plant, a manufacturer of cranes of various configurations, faced the acute issue of creating a new workshop equipped with modern painting equipment. The existing at the enterprise was no longer able to provide the required quality and durability of the coating of the manufactured products.

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The Yadrovo landfill was closed in the Moscow region

The Yadrovo landfill near Moscow in the Volokolamsk district was closed.

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Import of Tomatoes and Peppers into Russia Discussed between the Rosselkhoznadzor and Head of the Chief State Inspectorate for Seed Production, Quarantine and Plant Protection of the Republic of Belar

A video conference meeting was held on October 27 between the Rosselkhoznadzor and representatives of the Chief State Inspectorate for Seed Production, Quarantine and Plant Protection of the Republic of Belarus. The Rosselkhoznadzor informed the Belarusian colleagues that it is extremely concerned about an increase in the number of Pepino mosaic virus cases detected in tomatoes imported into Russia from Belarus. In particular, the disease was detected in the consignments dispatched from six oblasts (the Grodno Oblast, the Gomel Oblast, the Minsk Oblast, and the Breast Oblast). The situation shows that the agent has been spreading widely and uncontrollably in Belarus. Pepino mosaic virus is a very dangerous disease able to cause a serious damage to vegetable production in Russia. Infected tomatoes, peppers, eggplants, potatoes and other nightshades lose their merchantable quality, thus, becoming inferior goods (a reduction in fruit size, uneven ripening, marbling patterns and

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Business news headlines from Russia. A free service by Volga Trader

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"We will see big changes in the data center market in 2022"

IXcellerate ranks second in the rating of the largest data center service providers in Russia, second only to Rostelecom, which has three times as many racks. IXcellerate's clients include such giants as Tencent, Huawei, Thomson Reuters and NVIDIA. According to the team's calculations, the company should occupy 25% of the Russian data center market by 2023. For this, it is planned to build at least four new data centers. A year ago, Guy Wilner, founder and CEO of IXcellerate, announced his intention to invest $ 260 million in business development in Russia. RB.RU talked to Guy about the industry and the prospects for the Russian market. IXcellerate ranks second in the rating of the largest data center service providers in Russia, second only to Rostelecom, which has three times as many racks. IXcellerate's clients include such giants as Tencent, Huawei, Thomson Reuters and NVIDIA. According to the team's calculations, the company should occupy 25% of the Russian data center market by 2023. For

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The Ministry of Construction of Russia updated the norms for the design of translucent structures, taking into account modern safety and comfort requirements

Draft Amendment SP 426 “Translucent Facade Structures of Buildings and Structures. Design Rules ”was prepared by the Ministry of Construction, Housing and Utilities of the Russian Federation to ensure modern comfort and safety requirements for people inside and outside buildings. This was announced by the Deputy Head of the Ministry of Construction of Russia Dmitry Volkov.

Draft Amendment SP 426 “Translucent Facade Structures of Buildings and Structures. Design Rules ”was prepared by the Ministry of Construction, Housing and Utilities of the Russian Federation to ensure modern comfort and safety requirements for people inside and outside buildings. This was announced by the Deputy Head of the Ministry of Construction of Russia Dmitry Volkov.

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The government raised export duties on sunflower and rapeseed seeds

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Housing commissioning in the Tomsk region has grown by 20% since the beginning of the year

For 11 months of 2020, 382,173 thousand square meters of housing were commissioned in the Tomsk region. This figure is 20% higher than last year, according to the regional administration. For 11 months of 2020, 382,173 thousand square meters of housing were commissioned in the Tomsk region. This figure is 20% higher than last year, according to the regional administration.

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The joint venture proposed to change the tax regime for self-employed

In Russia, the maximum amount of income of entrepreneurs who use a special tax regime for self-employed can be indexed annually. The Accounts Chamber of the Russian Federation made a corresponding recommendation. This is reported in the materials of the joint venture based on the analysis of the experiment on the introduction of a tax on professional income. It is also proposed to introduce a special deflator coefficient when determining the upper limit of the amount of income for NPA payers. Now the regime can only be used by entrepreneurs whose income does not exceed 2.4 million rubles a year.

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Central Bank limited a number of Qiwi Bank operations for up to 6 months

The Central Bank has imposed a number of restrictions on some of the operations of Qiwi Bank for up to 6 months. They touched upon payments in favor of foreign trade companies and transfer of money to prepaid cards of corporate clients

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Demand for antibiotics in Russia increased by 940%

In Russia, sales of antibiotics increased significantly in November. In November 2020, the increase was 940% compared to the same period last year. These are the data of research of the aggregator of pharmacies "Megapteka", reports TASS. In total, from September to November 2019, the Russians bought 4,192 packages of antibacterial drugs; in this year, 34,666 packages of antibiotics were sold. The most commonly purchased drug was ceftriaxone (42.4% of sales of all antibacterial drugs).

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The Russian auto industry suffered less than foreign

The coronavirus pandemic affected the Russian car industry to a lesser extent than the European one. This conclusion was reached by the participants of the XI Moscow International Automobile Forum IMAF2020, which was held in a hybrid format

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Remote monitoring of forests revealed almost 4 thousand violations

Remote monitoring of forests revealed almost 4 thousand violations

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A new workshop was opened at the Ural hot-dip galvanizing plant

The Ural hot-dip galvanizing plant in the town of Polevskaya, Sverdlovsk region has launched a new workshop worth 211 million rubles. In the near future the shop will reach a capacity of 1,000 galvanized products per month, the design capacity of the enterprise is 30,000 tons per year. It is planned that in the next three months 70 people will be employed in the new hot-dip galvanizing shop. After reaching the design capacity, the staff will be expanded to 90 employees. The volume of tax deductions will amount to more than 30 million rubles annually. “Hot-dip galvanizing is a type of anticorrosive coating that increases the service life of a product up to 25 years and improves its decorative properties. In the near future, construction of many facilities is planned in the region. Hope this plant will be ...

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Russian Railways terminated lease agreements with owners of stalls at Moscow railway stations

Russian Railways decided to terminate lease agreements with owners of non-stationary trade facilities at Moscow railway stations and platforms in the Moscow region, although they brought in more than ₽445 million in revenue per year. The goal is to introduce uniform standards for such points

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Manturov named new export support mechanisms at the "Made in Russia" forum

Manturov named new export support mechanisms at the Made in Russia forum

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The FCS of Russia in 2021 will conduct two pilot projects to simplify customs procedures for Russian exporters

To facilitate the development of Russian exports, in 2021, the customs authorities plan to conduct pilot projects to simplify the re-import of e-commerce goods and the processing of previously exported products in the customs territory. This was announced by the First Deputy Head of the FCS of Russia Ruslan Davydov at the forum "Made in Russia" on December 9, 2020. The customs procedure for re-importing in e-commerce is applied, for example, when it is necessary to return or exchange goods sent. Assigning unique electronic codes to them will simplify the process of identifying such goods for re-import purposes. Ruslan Davydov: “To confirm the re-import, it is necessary, first of all, to identify the goods - to compare the exported and returned products. This can be done quickly by assigning unique codes to such products - by analogy with labeling technology. We are ready to start implementing such a pilot project with interested marketplaces in 2021

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Russian Post launched cashless payment of cash on delivery

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International robotics symposium to be held in Yekaterinburg

Yekaterinburg will become the country's first ISR site next summer. Now even a small business is ready to invest in digital solutions. Demand for robots in both manufacturing and services is amplified by the second wave of the pandemic and the desire to cut costs

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"Business Russia" saw the risk of inflating the state of Rosprirodnadzor 21 times

The Rosprirodnadzor staff threatens to increase 21 times to administer the eco-collection within the framework of the extended producer responsibility reform, the head of Delovaya Rossiya warned. Its maintenance costs will amount to ₽48 billion

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Three Russian communication satellites "Gonets-M" were put into operation

© 3dnews.ru Three Gonets-M spacecraft were put into operation, which became part of the Russian multifunctional personal satellite communications system (MSPSS) Gonets-D1M. The satellites were launched from the Plesetsk cosmodrome in the Arkhangelsk region on September 28, 2020 on a Soyuz-2.1b launch vehicle with a Fregat upper stage. At that time, a cluster of 19 small spacecraft, including four nanosatellites developed by leading Russian universities under the UniverSat program, acted as a passing load.

Three spacecraft were put into operation

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The ministry has prepared a unified standard for the IT systems of the state

The ministry has prepared a unified standard for the IT systems of the state

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A plant for the production of drinking and mineral water was built in the Leningrad region

A plant for the production of drinking and mineral water was built near Gatchina. The construction of the plant was completed in June 2020, and it is planned to reach its design capacity by 2025. The Voskhod enterprise produces soft drinks, mineral and other bottled drinking water. 20 million bottles this year and 44 million bottles next year. The total investment in the project is 1 billion 62 million rubles. The plant employs 90 people, after the launch of the first stage at the enterprise it is planned to increase the staff to 110 people. The main raw material for the production of drinking water and soft drinks is water extracted from the wells of the enterprise located on the territory of the plant. ...

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AFK Sistema decided to buy Siberian Forest from the King

AFK Sistema decided to acquire the Siberian Forest company from Sergei Korol, ex-co-owner of the Region Investment Company. She is engaged in logging in the Krasnoyarsk Territory, where the AFK-controlled Segezha Group plans to build a pulp and paper mill

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Representatives of Qatar and Russia to discuss investment cooperation

Representatives of Qatar and Russia to discuss investment cooperation

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British companies invest in Moscow's economy despite the downturn in international trade - Deputy Mayor Efimov

Accumulated direct investment from the UK in Moscow has reached nearly $ 18 billion over the past five years. This was announced by the Deputy Mayor of Moscow for Economic Policy and Land and Property Relations, Vladimir Efimov.

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The Central Bank revoked the license of the insurer "Spasskiye Vorota-M" for the implementation of compulsory medical insurance

Central Bank revoked the license of the insurer Spasskie Vorota-M for compulsory health insurance

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The government proposes to ease the requirements for the repatriation of export proceeds

Amendments to the bill approved at a meeting of the Cabinet.

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Russia has banned advertising of ways to distort the data of utility meters

The Russian Federation has banned advertising of methods and devices that distort the data of meters for water, gas, electricity and heat supply. For violators, in addition to an impressive payment for the "stolen" electricity, administrative liability is provided

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Russian grinding and sharpening machine with CNC RIT-Machine RM-502

Research and Production Enterprise "RIT-Engineering" LLC has designed, manufactured and put into production a multi-axis CNC grinding and sharpening machine for the manufacture of axial cutting tools using specialized software. The design development, assembly, software, work algorithms, implementation of tools from high-speed steels and hard alloy into the production process were 100% carried out by specialists of RIT-Engineering LLC. Link to video presentation of the machine: © Video from youtube.com

Research and Production Enterprise RIT-Engineering LLC has designed, manufactured and launched into the production process a multi-axis CNC grinding and grinding machine for the manufacture of axial cutting tools using specialized software.

Design development, assembly , software, work algorithms, implementation in the production process

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A greenhouse complex for growing flowers and seedlings was opened in the Moscow region

© 360tv.ru A greenhouse complex for growing flowers and seedlings, as well as planting material, was opened in the Ramensky district of the Moscow region. The greenhouse area was 0.8 hectares. The greenhouse was built by TsvetCom. The capacity of the project is over ten million pieces of flower seedlings per year. 100 million rubles were invested in the project. TsvetCom has provided 25 permanent new jobs, and during seasonal work it is planned to employ an additional 150 people. Work continues on the construction of greenhouses on an area of 1.5 hectares.

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International road carriers will be included in the register

The requirements for international road carriers have been clarified and legislatively fixed. In particular, all carriers will be included in the register, which will be kept by Rostransnadzor. Also, mechanisms of responsibility of foreign carriers for violations of Russian rules have been introduced.

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Investment company Quarter Partners has created a new venture fund of $ 100 million

The investment company Quarter Partners, created by the Ukrainian entrepreneur Andrey Ivanov, has opened the QPDigital venture fund. The volume of the fund amounted to $ 100 million. It will support projects from the CIS countries and international startups. Rusbase was informed about this by a representative of the fund. The investment company Quarter Partners, created by the Ukrainian entrepreneur Andrey Ivanov, has opened the QPDigital venture fund. The volume of the fund amounted to $ 100 million. It will support projects from the CIS countries and international startups. Rusbase was informed about this by a representative of the fund.

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Vice-Mayor of Moscow spoke about the involvement of 150 former industrial zones into circulation

About 150 territories of the former industrial zones, the total area of which amounted to 3 thousand hectares, are planned to be brought into circulation in Moscow. As the deputy mayor of the capital for economic policy and property and land relations Vladimir Efimov said at the online conference of the Moscow Urban Forum, the potential of these sites for urban development is 37-38 million square meters of real estate. They can create up to half a million jobs. The volume of investments in new facilities may reach 7 trillion rubles. “We have already signed two agreements with investors on the development of such territories, today we looked at the next three,” explained Vladimir Efimov, adding that already in 2021, such sites will begin to be offered massively to investors. According to him, the city authorities do not have a goal to move all industrial production outside the city, building up the vacated territory. Vladimir Efimov noted that modern technologies and labor productivity require less space with more

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The media learned about the Central Bank's advice to brokers not to sell complex products to Russians

Russian banks and financial groups began to receive recommendations from the Central Bank not to sell complex financial products to individuals.

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The court at the request of VEB.RF arrested the shares of the Ukrainian shipping company

The court at the request of VEB.RF arrested the shares of the Ukrainian shipping company

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The Moscow City Court called the verdict of the defendants in the Seventh Studio case fair

The punishment assigned to the defendants in the Seventh Studio case, Alexei Malobrodsky, Sophia Apfelbaum and Yuri Itin, is humane and fair.

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FinTech Bank Lost License for Serving Illegal Gambling

The Central Bank revoked the banking license from the Moscow commercial bank FinTech. The credit institution ranked 241st in terms of assets in the Russian banking system

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It will be easier for foreigners to buy an enterprise licensed to work with infectious agents

The State Duma Financial Committee approved a bill simplifying the coordination of transactions with foreign participation in some industries

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Ivanovo plant "Avtokran" presented a new model of a truck crane with a lifting capacity of 50 tons

A new crane with a lifting capacity of 50 tons was produced at the Avtokran plant in Ivanovo. The investment project was implemented with the support of the Ministry of Industry and Trade of Russia. The total cost of the project is 106 million rubles, of which 31.5 million is a federal subsidy for the financial support of research, development and technological work. © ivteleradio.ru The crane has a five-section telescopic boom 35 meters long. It is the heaviest and most complex crane with many modern solutions. The technique provides a high level of safety and efficiency of the operations performed.

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State telemedicine service launched in Russia

A federal project has started in Russia, with the help of which you can get an online consultation with a specialist. The federal telemedicine platform was launched by RT-Doctis (a joint venture between Tsifromed, Doctis and RDIF). This was reported by the press service of RT-Doctis. The new service is integrated with the portal of state services, and also uses the resources of the network of clinics "Mother and Child". Users of the gostelemed.ru portal can, in particular, receive electronic prescriptions or, in some cases, open digital sick leave certificates. It is also possible to receive electronic prescriptions. It is assumed that next year the platform will be available to residents of all Russian regions. It is planned that the number of face-to-face consultations will decrease by 30%.

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Ministry of Natural Resources: By the end of 2020, 12 more landfills will be liquidated in Russia

Ministry of Natural Resources: By the end of 2020, 12 more landfills will be liquidated in Russia

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The share of finished apartments in new buildings in Moscow reaches 68%

The share of finished apartments in new buildings in Moscow reaches 68%

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60% of venture capital investments in Russia fell on the IT sector

Last year, the share of venture capital investments in the IT sphere in Russia amounted to 60% of their total amount of $ 124 million. Last year, the share of venture capital investments in the IT sphere in Russia amounted to 60% of their total amount of $ 124 million.

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Production of masks and test tubes will be launched in the Urals

Production of masks and test tubes will be launched in the Urals

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Industrial laser launched at Atommash

© www.aem-group.ru At the Volgodonsk branch of Atommash AEM-Technologies JSC (part of the machine-building division of Rosatom - Atomenergomash), a new numerically controlled (CNC) laser cutting unit for sheet metal has been commissioned. Its main purpose is to cut parts of the internals of steam generators without additional machining of edges. This equipment is intended for shape cutting of sheet blanks made of carbon and stainless steel, corrosion-resistant steel, copper and aluminum alloys. The maximum cutting speed is up to 190 m / min. Positioning accuracy - ± 0.05 mm. The maximum length of the workpiece to be processed is up to 6000 mm. Thanks to the new installation of production ...

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Deputy Prime Minister instructed to create a unified classification of hazardous waste

Deputy Prime Minister Victoria Abramchenko instructed to create a unified classification of hazardous waste by February 2021. Now there are two systems - Rosprirodnadzor and Rospotrebnadzor, which cost businesses at least 6 billion rubles. Annually

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How the Inforce brand conquers the Russian construction market

During the forum "Time for Innovations 2020" we talked with Daria Gladun, head of the marketing department of the procurement directorate and private label of the online store VseInstrumenty.ru. Daria talked about her own brand of Inforce and the success she has achieved over 5 years of its existence on the market.

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The court launched the bankruptcy of the Expert media holding

The Moscow Arbitration Court decided to introduce supervision in relation to the Expert media holding. The bankruptcy lawsuit was previously filed by the state development corporation VEB.RF. The decision of the capital arbitration is reported on the court's website. The bankruptcy lawsuit was filed by VEB back in March 2020. It mentions three structures of the media holding at once, including CJSC Mediaholding Expert. All of them acted as guarantors while attracting a loan from the bank for 550 million rubles for Expert Group JSC. The borrower never returned the funds borrowed in 2013. Expert Group was declared bankrupt in June. The court made this decision after considering the claim of Transcapitalbank (TKB) due to a debt of 55 million rubles. The media holding included Expert, Russian Reporter magazines and a number of regional projects under the Expert brand.

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Rosselkhoznadzor negotiated with the UK Department of Environment, Food and Agriculture

On December 11, the Rosselkhoznadzor held talks in the format of a video conference with representatives of the UK Department of Environment, Food and Agriculture (DEFRA). Specialists of the foreign department spoke about the work carried out to prevent the spread of the avian influenza virus on the territory of the state. In connection with the deterioration of the epizootic situation for avian influenza, the Rosselkhoznadzor from November 27, 2020 introduced temporary restrictions on the export to the Russian Federation from the United Kingdom of live poultry, poultry products and feed. The first two cases of infection were recorded on November 2. In total, nine cases have been confirmed so far. In order to ensure the safety of poultry farms from the introduction of the virus, a 3 km protection zone and a 10 km buffer zone were established. Notifications on the registration of outbreaks have been sent to the OIE. According to representatives of the UK Department of Environment, Food and Rural Affairs,

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FAS will create a working group to develop competition in the travel services market

FAS will create a working group to develop competition in the travel services market

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Developed winter recommendations for the tourism industry

Deputy Prime Minister Dmitry Chernyshenko spoke about the charter programs organized in Russia during the winter season. At the same time, he called on the tourism industry and vacationers to take responsibility for safety issues.

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Economists predicted the Central Bank rate amid surge in inflation

At its last meeting this year, the Central Bank will keep the key rate at 4.25%, despite forecasts of inflation accelerating to 5%, experts expect. Will the rate go down or up in the future, economists disagree

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How to draw up an inheritance for old plots of land

The Supreme Court of the Russian Federation explained how to draw up an inheritance for old plots of land Due to the lack of required documents, the owners of such acres constantly have problems. Home - how to register ownership of a plot

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Business news headlines from Russia. A free service by Volga Trader

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VSMPO-AVISMA sold over 2,000 tons of titanium within one month

SVERDLOVSK REGION In November 2020, the VSMPO-AVISMA Corporation manufactured and shipped more than 2,000 tons of titanium and titanium alloy products. As RusBusinessNews has been informed by the corporation, VSMPO-AVISMA continues implementing its investment program aimed at development of smelting, forging, rolling, and machining operations. In December, the corporation is planning to launch a new shot-blasting machine and a bandsaw unit installed in the sheet-rolling shop as well as a machining unit in the machine shop for rings and discs.

Demand for push-button phones in Russia fell by more than 20%

Demand for push-button phones in Russia fell by more than 20%

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The government introduced a bill on agricultural products with improved characteristics

In the production of 'green' products will have stricter requirements for quality and environmental parameters

Draft law on agricultural products with improved characteristics, the production of which will impose more stringent requirements for both quality and compliance with environmental parameters , introduced to the Russian government. This was reported by the press service of the Deputy Prime Minister of Russia Victoria Abramchenko.

"Agricultural products with improved characteristics will appear in Russia. Stricter requirements will be applied to both quality and compliance with environmental parameters. the bill has been submitted to the government, "the press service quotes her.

It is planned that agricultural products, raw materials and food with improved characteristics (" green "products) will be allocated in a separate segment. Such products will be distinguished by marking - a sign of a single sample. With her

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The UK announced the verification of Furgal's involvement in a particularly large fraud

The Investigative Committee is checking the involvement of the former governor of the Khabarovsk Territory Sergei Furgal in large-scale fraud at the Amurstal enterprise, said Deputy Chairman of the Investigative Committee Rostislav Rassokhov in an interview with Kommersant.

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Sibanthracite produces the 100 millionth ton of anthracite

& quot; Sibanthracite & quot; produced the 100 millionth ton of anthracite

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Russia will create a network of international transport corridors

The construction of the infrastructure of the Northern Sea Route until 2030 is highlighted in a separate federal project. According to experts, the Northern Sea Route will reduce the time of transportation of goods from Asian ports to Europe by 10-30%

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Business asked Mishustin to change the conditions for investment in ports

The port owners asked the prime minister to send for revision a bill introducing responsibility for disrupting the deadlines for investors in the port infrastructure. Its adoption in its current form will slow down the implementation of projects, they say.

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The Rosgvardia revealed theft when purchasing uniforms

As Interfax and Kommersant reported, they are talking about 2017-2019 contracts with a single supplier. Uniforms were purchased at inflated prices

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Production of aircraft engines for Tu aircraft resumed in the Volga region

Production of aircraft engines for Tu-planes resumed in the Volga region

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Concern "Avtomatika" has started serial production of street LED lamps

The Kaluga Electromechanical Plant (KEMZ), part of the Avtomatika Concern of the State Corporation Rostec, in the fourth quarter of 2020 successfully mastered the serial production of the latest LED street lamps. The devices have increased power, high energy efficiency, economy and durability. The luminaires have passed all the necessary tests. The enterprise started shipping them to customers. The range of street LED lamps manufactured at the KEMZ plant includes both products for illumination of adjacent territories and a secondary road network (lamps with a power of 40-120 W), and powerful lamps for illuminating roads of high categories and highways (power up to 200 W) ... Luminaires designed with & amp; n ...

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This year, the volume of the market of domestic agricultural machinery will grow by 20%

It will take about 10 years to satisfy the need of Russian agrarians for agricultural machinery, said the general director of Rosagroleasing. Pavel Kosov. He told in an interview with RG about what equipment is in demand in this area and which we have not yet learned to produce.

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Investors guarantee fulfillment of obligations to modernize ports

Investors will have to provide financial support or a bank guarantee to fulfill their obligations to participate in the modernization of the infrastructure of Russian seaports. Such conditions are supposed to be prescribed in investment agreements

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Efimov said that Chinese companies have invested more than $ 1 billion in the Moscow economy

Deputy Mayor of Moscow for Economic Policy and Property and Land Relations Vladimir Efimov said that Moscow and China have long been linked by partnership. Thus, China accounts for 15.8% of all capital exports. In turn, the volume of accumulated foreign direct investment from Chinese companies in the city's economy exceeded $ 1 billion. “At the end of 9 months of 2020, the volume of non-resource non-energy exports from Moscow to China amounted to $ 1.5 billion, which is 40.8% higher than in the same period last year. In addition, our partners are actively investing in the capital's economy: the volume of accumulated foreign direct investment from Chinese companies, as of July 1, 2020, exceeded $ 1 billion. From recent examples - in the fall of this year, in the special economic zone Technopolis Moscow, the Russian representative office of Eastcomis Rus, a large Chinese manufacturer of SIM cards, received the status of a resident, ”the vice-mayor said at the forum“ Moscow -

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On the situation with the introduction of electronic veterinary certification at the end of November 2020

Attention: staff and heads of bodies state power in the field of veterinary medicine subjects of the Russian Federation, employees and leaders of territorial Rosselkhoznadzor departments, business entities carrying out import, extraction, production and turnover of controlled State Veterinary Supervision of Goods Dear colleagues, ladies and gentlemen! We continue to acquaint you with the current situation in the process of introducing electronic veterinary certification and the federal traceability system for controlled goods. General dynamics of processing electronic veterinary accompanying documents In Fig. 1 shows the general dynamics of issuing eVSD over the past 13 months, starting from November 2019. Figure: 1. Dynamics of registration of eVSD in the Russian Federation. The horizontal axis is the number of eVSD issued per month. In November 2020, 353'653'629 eVSD were issued (a decline of 3.5% compared to October 2020). In terms of a calendar year, this value

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The Cabinet of Ministers introduced a minimum mandatory share of purchases of Russian goods

From 2021, Russia introduces a mandatory minimum share of purchases of Russian goods. The quota is provided for both government customers and legal entities with government participation. The relevant decrees were adopted by the government

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Import-substituting production of components for radio electronics launched in St. Petersburg

© opt-1593487.ssl.1c-bitrix-cdn.ru The borrower of the Industrial Development Fund (IDF), the Kulon company, has launched a new production of capacitors for radio electronics at the site in St. Petersburg. Kulon products are used, for example, in electricity meters, radio navigation equipment, aviation radio communication equipment, electrical transformers, protection and control relays, in machine tools and metalworking equipment. The share of foreign manufacturers in the Russian market for ceramic capacitors is at least 80%. The company expects that as the project is implemented and capacity increases, the share of imports will be reduced ...

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Rosseti, Sberbank and the government of the Saratov region signed a memorandum on the construction of a regional data center

The document was signed by the General Director of Rosseti Pavel Livinsky, President of Sberbank German Gref, Governor of the Saratov Region Valery Radaev, and Head of the Regional Government Roman Busargin. The ceremony was attended by Chairman of the State Duma of the Russian Federation Vyacheslav Volodin. The parties agreed to cooperate within the framework of the creation of the Sberbank Data Processing Center (DPC) in the Balakovo municipal district within the boundaries of the special economic zone.

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Penza farmers will supply maple syrup abroad

Penza farmers will supply maple syrup abroad

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Prices for VED drugs will be revised by the end of the year

Starting next year, state purchases of drugs for beneficiaries will be carried out centrally. For this, a federal center for drug provision of citizens and a single register of beneficiaries entitled to free medications are being created, the Ministry of Health said.

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Meeting with members of the Government • President of Russia

Vladimir Putin:  Dear colleagues, good afternoon!

Let's get started. Today we have a very important topic, to which we constantly pay the necessary attention - the development of individual high-tech areas. Let's talk about this in more detail, [First Deputy Prime Minister] Andrei Removich Belousov, [Deputy Prime Minister] Dmitry Nikolaevich Chernyshenko, [Minister of Industry and Trade] Denis Valentinovich Manturov will speak.

But, before we start discussing the main topic for which we have gathered today, I would ask [ Deputy Prime Minister] Alexander Valentinovich Novak to report to all colleagues on how the work with our partners in the framework of OPEC + went (bearing in mind that for us this area is the most important, we are not indifferent to how the situation with

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Business news headlines from Russia. A free service by Volga Trader

Do you see an opportunity in a news item? Contact us to follow it through.

email: NewsCentre@volgatrader.com

Over 2 billion rubles were collected from Russian corrupt officials for the year.

In Russia, more than 2.3 billion rubles were collected for corruption crimes in 2020.

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The media learned about the plans of Russian Railways to plug the "hole" in the investment program

The monopoly wants to receive support from the state for almost half a trillion rubles. This will not cover even half of the program's deficit, which is estimated at RUB 1.19 trillion. The Ministry of Finance says that the details of the financial plan of Russian Railways are not yet clear

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Ministry of Finance chose applications for pre-installation on gadgets in Russia

The Ministry of Digital Development, Communications and Mass Media has compiled a list of applications that will be recommended for pre-installation on electronic devices intended for sale in Russia.

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In the Saratov region, the Dergachevskaya SPP was connected to the networks

The branch of the company "Rosseti Volga" - "Saratov Distribution Networks" carried out technological connection to the electric networks of the substation of the territorial grid organization, which will allow to supply to the 110 kV grid electricity generated at the Dergachevskaya solar power plant (SPP) of the AvelarSolar Technology company (Saratov region). As part of the contract, a new metal anchor support with a height of about 32 meters was installed and two 110 kV approaches to the new substation were built from it. The construction and installation work carried out made it possible to supply electricity from the new SPP to the grid of the power grid company. The amount of financing for the project amounted to over 2.3 million rubles. ...

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The Ministry of Agriculture commented on the information about the "failure" of import substitution

The Ministry of Agriculture responded to the information that appeared today about the `` failure '' import substitution programs. The department notes that for the main food products, the country has long and confidently provided itself with its own forces.

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"Sanction" proved to be irreplaceable. Russia failed to achieve the goals of import substitution of products

Contrary to the hopes of the authorities, Russia was unable to replace supplies of the main categories of imported products due to domestic production, including those prohibited for import under counter-sanctions in August 2014, a study by the National Rating Agency (NRA) showed.

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Rosselkhoznadzor introduces a ban on the import of all plant products from the Fergana region of Uzbekistan

On December 7, the Rosselkhoznadzor held in the format of a video conference negotiations with the State Inspectorate for Plant Quarantine under the Cabinet of Ministers of the Republic of Uzbekistan. The parties discussed the discovery by the Rosselkhoznadzor during the quarantine phytosanitary control of a batch of dried apricots (1 ton), which came from the Fergana region of Uzbekistan, an object that is quarantined for Russia and the EAEU member states - a khapra beetle (Trogoderma granarium Ev.).

(https://ift.tt/3mUTVUP). The pest was identified at the larval stage in the amount of 2 pieces per 1 kg of production, which indicates a serious infection of the batch. During the negotiations, the Russian department noted that the khapra beetle is a polyphagous pest of stocks. Its spread on the territory of the country can cause serious damage to the crop of plant, including grain, products. And this can affect the export potential of Russia. In this regard, the Rosselkhoznadzor is forced to introduce a ban on the import of all regulated ...

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Cyprus extradited ex-official accused of $ 7 million in fraud to Russia

According to the investigation, the ex-adviser to the head of the Federal Agency for Fishery for this money promised to help in the appointment of an unnamed citizen to the leading position of the Kamchatka Scientific Institute of Fisheries and Oceanography

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Kaluga Electromechanical Plant starts production of LED street lamps

The Kaluga Electromechanical Plant (KEMZ), part of the Avtomatika Concern of the State Corporation Rostec, in the fourth quarter of 2020 successfully mastered the serial production of the latest LED street lamps. The devices have increased power, high energy efficiency, economy and durability. The luminaires have passed all the necessary tests. The enterprise started shipping them to customers. The range of street LED lamps manufactured at the KEMZ plant includes both products for illumination of adjacent territories and a secondary road network (lamps with a power of 40-120 W), and powerful lamps for illuminating roads of high categories and highways (power up to 200 W) ... Luminaires are ...

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"Russkaya Trapeza" has manufactured equipment for packing and packaging frozen beans

One of the new projects of the Russian Trapeza machine-building holding is the manufacture and commissioning of a vertical complex of equipment for packing and packing frozen green beans into a three-seam pillow bag. The productivity of the manufactured complex depends on the dose of the packed product: up to 40 packs / min at a dose of 400 g; up to 15 packs / min (at a dose of 2500 gr.) The basis of the complex is the packaging machine RT-UM-36 (economy class device), which allows you to pack products at a speed of up to 70 packs / min, which depends not only on the dose, but also on the type of product being packaged. Product dosing is performed by a weighing multihead

One of the new projects of the Russian Trapeza machine-building holding is the production and commissioning of a vertical ...

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Large projects of Russian manufacturers of agricultural machinery

Russian agricultural engineering companies, members of the Rosspetsmash Association, continued active work to modernize production facilities and create new production sites. Here are just a few examples. Rostselmash presented the first serial forage harvester F 2650 with an engine power of 611 hp this year. - the most powerful representative of the new family, which has no Russian counterparts. Petersburg Tractor Plant presented a new universal tractor "Kirovets K-5" Premium with a capacity of 250 hp. The tractor is equipped with an original automated T5 gearbox (16 forward gears and 8 reverse gears). The gearbox is aggregated with a modern, economical diesel engine YaMZ 53645 with a capacity of 250 hp.

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Baring Vostok will launch a new fund of up to $ 200 million

Baring Vostok investment company is launching a new fund for the first time since 2016. Its volume will be up to $ 200 million. The fund will focus on investments in technology, media, telecom and consumer sectors. This is reported by Forbes with reference to an interlocutor familiar with the details of the transaction. Baring Vostok investment company is launching a new fund for the first time since 2016. Its volume will be up to $ 200 million. The fund will focus on investments in technology, media, telecom and consumer sectors. This is reported by Forbes with reference to an interlocutor familiar with the details of the transaction.

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The head physician of the regional hospital in Transbaikalia was detained in the case of a bribe

He is accused of taking bribes in the amount of over 13 million rubles. According to the investigation, the man received kickbacks for the conclusion of contracts for the supply of equipment

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Meeting with Sberbank CEO German Gref

Sberbank CEO and Chairman of the Management Board German Gref updated the President on the company’s current operations.

Sberbank CEO and Chairman of the Management Board German Gref updated the President on the company's current operations.

President of Russia Vladimir Putin:  You wanted to show me something, Mr Gref.

Sberbank CEO and Chairman of the Management Board German Gref:  Yes, Mr President, I would like to show you two of our products. One is SberBox, which is now commercially available. It is a small box that can be hooked up to almost any television set outfitted with HDMI input (all TVs made in the early and mid-1990s and later have it), making it a smart TV that can be controlled via the internet by voice commands.

It has 180 TV channels,

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Meeting of State Council working group on environment and natural resources

The State Council working group on environment and natural resources had a meeting chaired by Presidential Aide and State Council Secretary Igor Levitin and Governor of Nizhny Novgorod Region, head of the working group Gleb Nikitin.

The State Council  working group on  environment and natural resources  had a meeting chaired by Presidential Aide and State Council Secretary Igor Levitin and Governor of Nizhny Novgorod Region, head of the working group Gleb Nikitin.

The meeting was attended by Minister of Natural Resources and Environment Denis Khramov, heads of the regions of the Russian Federation and their deputies responsible for environmental policy, as well as representatives of federal executive bodies, research and expert organizations.

Igor Levitin stressed the relevance of the meeting’s agenda in view of the restrictions on outbound and the growth of internal tourism, including ecotourism, and of drafting a national project in this

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Trip to Tobolsk

The President visited ZapSibNefteKhim, Russia’s largest petrochemical complex with a total capacity of two million tonnes of polymers a year. It is one of the world’s five biggest production facility of base polymers. Later the President held a meeting, via videoconference, on strategic development of the petrochemical industry. Vladimir Putin also had working meetings with Tyumen Region Governor Alexander Moor, Chairman of the Management Board of NOVATEK Leonid Mikhelson and Chairman of the Management Board of SIBUR Holding Dmitry Konov.

The President visited ZapSibNefteKhim, Russia’s largest petrochemical complex with a total capacity of two million tonnes of polymers a year. It is one of the world’s five biggest production facility of base polymers.

Later the President held a meeting, via videoconference, on strategic development of the petrochemical industry.

Vladimir Putin also had working meetings with Tyumen Region Governor Alexander Moor, Chairman

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Caspian containerized line kicks off between Iran, Russia

The activity of Caspian containerized line between Islamic Republic of Iran and Russia & # 8217; s port of Astrakhan began on Saturday.

The pilot test of unloading the first container cargo was carried out between Iran and Russia ‘s Astrakhan for transporting goods

Accordingly, the first vessel arrived in Russia’s Port of Astrakhan on Sat. between Iran and Astrakhan through international transport corridor (North-South). The next voyage of this ship is scheduled for mid-December.

Currently, two ships with a capacity of 131 20-foot containers have started activity on this route and in the next few days, 60 containers containing ...

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