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EUROPEAN AUTHORITIES ARE CREATING A “ZOMBIE ECONOMY”

... which has been recently called "lost" by the World Bank. In this situation, attempts to prevent a surge in mass unemployment through the subsidies from the state treasury to companies mired in debt may lead to the creation of a "zombie economy." Now there are more and more companies that do not have the opportunity to invest and introduce innovations that exist exclusively thanks to the government subsidies. This has been recently announced by the co-chairman of the European ...

Putin: RUSSIA'S GDP MAY GROW BY 1-2% IN 2023

Russian President Vladimir Putin said that Russia's GDP could grow by 1-2% in 2023. At the same time, according to him, the world economy will continue to slow down next year. "I would like to note that the Russian business community is actively operating in modern economic realities, and I would like to thank once again the managers and teams of companies and organizations ...

Oleg Deripaska proposed a new model of pension reform

Entrepreneur and billionaire Oleg Deripaska came up with a number of initiatives to improve the Russian economy in the face of sanctions pressure. One of the proposals was the need for a pension reform in the country in parallel with the restructuring of large state corporations. The businessman's idea, voiced in an interview with the “Expert” , is ...

Discounts and special offers on goods return to Russia

Russia celebrates the return of discounts and sales to the shops. First of all, this affected electronics stores, however, large grocery chains (X5 Group and Magnit) have already sent letters to suppliers with relevant proposals. Experts attribute the change in the conditions for the sale of goods and the decline in prices to the fall in consumer demand and the strengthening of the ruble. However, the instability of the general external economic situation continues to have an impact. Among the...

Prime Minister of Lebanon: "The state has gone bankrupt…What a pity."

Lebanon became the first country in the world to go into default in 2022. But this bankruptcy is far from the first in the modern history of the republic. In 2020, Lebanon already defaulted, but now it has come to the Central Bank (Banque du Liban). Information about the insolvency of the republic was published by the Deputy Prime Minister Saad ash-Shami. He acknowledged the situation as a failure, supplementing his message with an expression of pity for what had happened. The question of what...

New payment currency may appear in Russia

A new payment currency, bypassing the global one, may appear in Russia. The aim of the initiative is the emerging need to abandon the dollar system in a situation of severe financial sanctions. Settlements in the new currency are proposed to be made with a number of friendly states. Among them are the countries that are participants of the EAEU. For each of them, the benefit may be in reducing dependence on reserve currencies, which at some point may become a tool for geopolitical confrontation...

Young entrepreneurs in Russia will receive up to 1 million rubles grants

... emphasized separately that the new resolution would enable entrepreneurs from various fields to receive state financial assistance. It was noted that the resolution was developed as part of a plan of priority actions to ensure the development of the Russian economy in the face of sanctions and restrictions imposed by foreign states.

State retail chains may appear in Russia

... Agriculture. Next in line are the relevant committees of the lower house of parliament, RT reports . Earlier, the Prime Minister of Russia noted that the Cabinet of Ministers continues to work to reduce the negative impact of the sanctions imposed on the economy of our country. In his opinion, it is necessary to preserve the possibility of access of the population to necessary goods.

Central Bank of Russia announced preferential loans for SMEs

The Central Bank of the Russian Federation, along with the Cabinet of Ministers, developed a plan to support SMEs. One of the measures should be a program of concessional lending in a number of banks. The total amount of funding under the program exceeded 670 billion rubles. The corresponding message was published on the website of the regulator the day before. It says that more than twenty credit institutions will participate in the program. In addition, the possibility of replenishing the...

Zelensky announces tax reform in the country

The President of Ukraine made a statement about his intention to carry out tax reform in the country. Volodymyr Zelenskyy noted that the Cabinet of Ministers has already agreed on a package of measures aimed at supporting the national economy. This is done in order to enable businesses to operate where it is permissible for security reasons. The measures to be introduced are the abolition of VAT and income tax, the introduction of voluntary payment of a single tax, as well as the ...

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