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South Africa: Should VAT and duties on chicken meat be abolished?
Chicken is the most popular and most affordable source of meat protein in South Africa. The country's poultry industry is a strategic national industry and a R50 billion asset, directly or indirectly providing more than 100,000 jobs and vital to food security. The South African Informal Traders Alliance (SAITA), which claims to represent more than 2 million micro-enterprises, has asked the governm...
Economists of the Russian Academy of Sciences called the risks for the labor market due to sanctions
In the context of sanctions, social risks are exacerbated - from the spread of shadow employment and the outflow of personnel to discrimination against workers and an increase in crime.Experts from the Institute of Economics of the Russian Academy of Sciences came to such conclusions The sanctions crisis carries risks for the development of human capital in Russia, and official unemployment is not...
HRC asked the Federal Penitentiary Service to provide the arrested artist with a gluten-free diet
The HRC asked to provide Skolichenko with a special therapeutic diet. The girl's lawyers reported that she had an autoimmune disease - gluten intolerance. The head of the Human Rights Council, Valery Fadeev, asked the Federal Penitentiary Service to provide arrested artist Alexandra Skolichenko with gluten-free meals, according to the HRC website. According to Fadeev, he received appeals stating t...
Experts rated Russia's indicators for March with the words "island of stability"
The March indicators on the Russian economy that appeared the day before create the impression of an “island of stability,” analysts at Renaissance Capital wrote.They still expect an 8% decline in GDP and an increase in unemployment by the summer The statistical indicators of the Russian economy for March 2......
Partner of Gazprom announced the end of the era of partnership between Russia and Germany
The head of the German Wintershall sees in Russia's actions in Ukraine a turning point and the end of an era of intense and long economic cooperation between Moscow and Berlin. The company wrote off Russia-related assets by €1, Russia has crossed red lines in partnerships with European companies and it is no longer possible to “continue business as usual” with it, said Mario Mehren, head of the Ge...
The Ministry of Finance has developed a concept of new budget rules
The Ministry of Finance has prepared proposals for new budget rules, said the head of the department, Anton Siluanov. According to him, the challenge is The Ministry of Finance has proposals for new budget rules, they are being worked out, Finance Minister Anton Siluanov told reporters. “Our task as the Ministry of Finance is to determine the volume of oil and gas revenues in such a way as to mini...
Siluanov allowed a drop in oil production in Russia by 17%
The Ministry of Finance predicts a decline in oil productionin Russia by 17% in 2022 if European countries refuse it. Earlier, the EU announced the preparation of the sixth package of sanctions, which will affect oil imports, Russian oil production this year may fall by 17%, the further fate of energy sales from Russia is still difficult to predict, Finance Minister Anton Siluanov told reporters. ...
The government introduced the concept of new budget rules
The Ministry of Finance has prepared proposals for new budget rules, said the head of the department, Anton Siluanov. According to him, the challenge is The Ministry of Finance has proposals for new budget rules, and they are already being considered by the government, Finance Minister Anton Siluanov told reporters. “Our task as the Ministry of Finance is to determine the volume of oil and gas rev...
The Central Bank will not allow a massive influx of shares converted from receipts
On April 27, a ban on the issue and circulation of foreign depositary receipts for shares of Russian companies began to operate.Residents began to massively buy receipts from non-residents for subsequent conversion and sale of the IMOEX Moscow Exchange Index2414.06 +4,12% SPB Exchange SPBE ₽282,6+2,76% Buy Moscow Exchange MOEX$93.53 +3,......
Federal Penitentiary Service promised to provide gluten-free food for the arrested artist
Sasha Skolichenko Artist Sasha Skochilenko, who was arrested for replacing price tags with anti-war stickers at a store in St. Petersburg , will be able to receive a gluten-free package. Interfax was informed about this in the administration of the Federal Penitentiary Service (FSIN) for St. Petersburg and the Leningrad Region. “We will accept transfers with gluten-free products. They are not proh...
FP learns about Russia's 'record revenue' from oil sales in April
Russia's oil export earnings in April could significantly outperform the same period in previous years, writes Foreign Policy citing the Institute of International Finance. “Deliveries of Russian oil in April are still at a record pace. Even with a large discount on Russian oil compared to global benchmarks, this means that “oil export revenues are likely to significantly exceed the same month in ...
Rates in banks, withdrawal of assets from Alfa, Coca-Cola reporting: digest
Top 10 deposit rates. Today is the deadline for Alfa Investments clients to transfer foreign assets to another broker. Coca-Cola will publish financial statements. notable events, Today at 23:59 Moscow time, the deadline expires when Alfa Investments clients can transfer their foreign assets to another broker. This can be done by submitting an application in the broker's personal account. The list...
Analysts have estimated the losses of the UK from anti-Russian sanctions
According to The Telegraph, in the next nine years, the loss of the kingdom's economy will amount to about $ 7.9 billion. Exporters of luxury goods will suffer the most from export restrictions. The UK economy in the next nine years will lose about £6.2 billion ($7.9 billion or about ₽617 billion) due to anti-Russian sanctions, writes The Telegraph, citing official analytics. Luxury goods exports ...
The real estate market under pressure: is it possible to make money on it in 2022
High mortgage rates, record inflation since 2015, uncertainty in the economy have also affected the housing market. Buyers expect price cuts In 2022, prices for new buildings and second homes continue to rise. High inflation, an increase in the key rate, and with it mortgage rates, raised the question for investors whether real estate would retain the status of an asset protecting against deprecia...
The US Treasury compared the risks of a ban on energy resources for the EU and Russia
A complete ban on the supply of Russian energy resources may have an insignificant effect on the Russian economy, while such a decision threatens Europe with serious damage, said the head of the US TreasuryJanet Yellen A complete EU ban on Russian energy supplies is unlikely to have a significant impact on the Russian economy, and could cause serious damage to Europe, said US Treasury Secretary Ja...
Chinese pig farmers will return to profit in the third quarter
Chinese pig producers should return to profit in the third quarter after more than a year of heavy losses that have eroded rural incomes and reduced demand for some feed ingredients. However, there are some uncertainties, Yang Zhenhai, director of the Bureau of Animal Husbandry and Veterinary Medicine under the Ministry of Agriculture and Rural Affairs, said at a media briefing without elaborating...
Roman Kostyuk: The reluctance of private business to invest in long-term projects hinders the development of beef cattle breeding
General Director of the National Union of Beef Producers Roman Kostyuk at the XVI International Conference “Mixed Feed - 2022” spoke about beef cattle breeding as one of the promising drivers for the development of rural areas. The growth of this segment, according to the expert, is hindered by the unwillingness of businesses to invest in it, despite the fact that there is potential for beef cattl...
The taxi market has recovered after a disastrous pandemic year
At the end of 2021, the taxi market was able to recover from a failed pandemic year. But this year, analysts expect a new fall, In 2021, the volume of the legal taxi market reached 820 billion rubles, according to a study received by RBC from the Analytical Center under the Government of Russia. It follows from it that in 2......
The Ministry of Labor compensates employers for the cost of temporary employment
Compensation for partial wages in the organization of temporary employment of employees under dismissal,will increase the size of the minimum wage The Ministry of Labor and Social Protection of Russia intends, in the face of sanctions pressure, to compensate employers for the costs of partial wages in case of temporary disability at the rate of one minimum wage per employee. This is stated in the ...
Income of State Duma deputies from the Stavropol Territory became known
Deputies of the new convocation of the State Duma of the Russian Federation reported on their income and property.RBC Caucasus analyzed the declarations and compiled the top 3 wealthiest parliamentarians from the Stavropol Territory Raisa Karmazina, Deputy Chairman of the Commission of the State Duma of the Federal Assembly of the Russian Federation, ranked first in terms of income among the State...
Biden, following Putin, reported last year's income The
President and First Lady of the United Statesin 2021, they collectively earned more than $600,000, compared to 2020, their incomes increased by $3,000. From the declaration of the President of Russia, it follows that he earned about $128,000. Joe Bidenand his wife Jill US President Joe Biden and First Lady Jill Biden have submitted a joint income statement for 2......
Bank rates, Goldman reporting, coal stocks: digest
Top 10 deposit rates. US banks will publish first quarter financials. India has increased its coal imports from Russia to a two-year high. notable events, SPB Exchange will start exchange trading in securities of international companies at 15:00 Moscow time. Previously, trading began at 16:00 Moscow time. Otherwise, trading on the Moscow Exchange and St. Petersburg Exchange on April 14 will be hel...
Before the sanctions, the Central Bank increased the placement of funds in foreign banks
Last year, deposits in foreign banks accounted for one fifth of the net assets of the Russian regulator.In 2021, this balance sheet item increased by more than 40% The balances of the Bank of Russia on correspondent accounts and deposits opened with foreign credit institutions at the end of 2021 amounted to 1......
The reserve fund will be replenished by 273.4 billion rubles. from oil and gas super profits
Most of the funds, RUB 271.6 billion, will come from additional oil and gas revenues in the first quarter of 2022.In March, Putin allowed spending oil and gas windfall profits on current needs The government's reserve fund will be replenished by 273.4 billion rubles, according to the website of the Cabinet of Ministers. The funds will be used, among other things, to implement measures aimed at ens...
Ozon shares rose 9% after the release of financial statements
The Russian marketplace more than doubled its sales turnover compared to the previous year. The number of active clients of the Ozon trading platform exceeded 25 million people, Depository receipts Ozon rose by 9.5% - up to ₽1330 per security on the Moscow Exchange. This is evidenced by trading data as of 1......
Experts predict a decrease in rental rates for real estate in Perm
Since April 1, the parameters of a preferential mortgage in Russia have changed when buying an apartment in a new building: the rate increased from 7% to 12% per annum, at the same time the loan amount increased to 6 million rubles. for the regions. These conditions will be valid until July 1. It is planned that the introduced measures will stabilize the situation on the market. Such measures will...
Stores offer discounts. Chains want suppliers to cut prices and return promotions
Against the backdrop of the currently observed strengthening of the ruble, large retailers began to ask suppliers to reduce selling prices and return discounts. Magnit has already sent such appeals to counterparties. Prior to this, the network agreed to raise prices due to the growth in the value of the currency, but now it is counting on the opposite effect. Suppliers assure that their costs are ...
The Ministry of Finance of Ukraine estimated the spending for a month of hostilities
Ukraine's spending for a month of hostilities is $10 billion, the Finance Ministry said. According to the IMF, presented in early March, One month of hostilities in Ukraine costs the country about $ 10 billion, according to the calculations of the Ukrainian Ministry of Finance. This was reported in the press service of the head of state following a meeting of President Volodymyr Zelensky with the ...
Argentina cut beef exports by 10%
In January and February, the country benefited from higher world market prices. Export volumes have declined due to government intervention. And in the first two months of the year, Argentine beef exports reached $481.8 million, up 23.5% from the first two months of 2021. In February, last year's result of $266.6 million was beaten by as much as 41.2%, according to export promotion organization IP...
Gref and Kostin warned the government about losses due to state support
The two largest banks may lose 600 billion rubles. due to participation in state support programs, their leaders told the government. They also cited the Central Bank's estimates of losses in the banking sector as a whole for the year at the level of 3.5–5.8 trillion rubles. The head of Sberbank German Gref and VTB board chairman Andrei Kostin warned the government about the potential losses of tw...

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