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EUROPEAN AUTHORITIES ARE CREATING A “ZOMBIE ECONOMY”

European countries are spending fabulous sums trying to keep businesses afloat during a pandemic. An economic recession can lead to stagnation for a decade, which has been recently called ... ... 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 ...

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 who have done a lot to overcome the severe consequences of illegitimate sanctions," ...

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

... enterprises. The grant size varies from 100 thousand to 1 million rubles. At the same time, entrepreneurs who intend to develop their business in the Arctic zone will be able to receive the maximum amount. The rest will receive the right to receive the maximum ... ... 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.

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 abolition of business inspections. Instead ...

STUDY OF HIGHER SCHOOL OF ECONOMICS: 15% OF INDUSTRIAL ENTERPRISES ARE CANDIDATES FOR BANKRUPTCY

... Obviously, growing demand would allow increasing the volume of output, but this requires increasing the purchasing power of the population and trying to stimulate demand. As of early June 2021, almost half of overdue debts of organizations in the Russian economy are liabilities of more than 1,400 manufacturing enterprises. They owe over 2 trillion rubles. The leaders among them are oil refineries, which owe 1.067 trillion rubles. The main debts (1.347 trillion rubles) are liabilities to suppliers.

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