NEWS DIGEST. Part 1.

31 May 2024, Friday

📣The largest European banks remaining in Russia paid more than €800 million in taxes in 2023, which is four times more than before the start of the SVO - Financial Times.

📣More than 300 billion rubles from the federal budget will be allocated to support the Russian machine tool industry until 2030:

It is necessary to enter the top 25 countries in terms of robotization level. In addition to machine tool building and the production of industrial robots, foundry and thermal equipment must be included in the work circuit. Needless to say, how important this is for many sectors of mechanical engineering and the defense industry. And one more block that we must cover is machines for processing wood, textiles and composite materials,” said First Deputy Prime Minister Denis Manturov.

📣The rating agency S&P Global increased the index of business activity of the manufacturing industries of the Russian economy from 54.7 points in February to 55.7 points in March 2024. Activity in Russia's manufacturing sector grew at its fastest pace in nearly 18 years last month.

📣Russia in 2023 became the fifth fastest growing economy in the G20. The economy grew by 3.6%, fully offsetting the 2022 contraction of 1.2%.

India's economy grew the most - the pace accelerated from 7.2% to 7.3%. China comes next with growth of 5.2% after three percent a year earlier. The top three is completed by Indonesia, whose GDP increased by 5.1% compared to 5.3% in 2022. Turkey's economic growth rate slowed last year from 5.5% to 4.5%.

📣The Indian economy could become the main driver of global economic growth by 2028, writes Bloomberg.

📣In 2023, two Russian marketplaces at once - Ozon and Wildberries - for the first time entered the top 10 largest global platforms by the number of active sessions. Most often, Internet users visited the American Amazon site - 4.7 billion visits per month. On Wildberries, which ranked 9th in popularity in the world, users visited an average of 343 million times a month, on Ozon (10th place) - 316 million times.

📣IMF head Kristallina Georgieva warned of a “cool 20s” in the global economy. Minimal global economic growth risks leading to social unrest.

The IMF's pessimistic expectations are based on the fact that years of low interest rates following the global crisis in 2008 led to a misallocation of capital, which prevented investment in more promising areas of activity and the retention of underperforming companies in the market. Weak investment has contributed to slow productivity growth in several large economies, especially in the European Union.

📣Russia issued almost 160,000 visas to EU citizens in 2023.

A third of Russian visas were issued to German citizens - 58,888. Latvia became the second country after Germany whose citizens received the most Russian visas in 2023 - a total of 20,902, followed by Estonia - 11,340, Lithuania - 10,063 and Italy - 10,031 .

📣Iran and Russia are working on new methods for carrying out calculations. Among them are digital currencies of central banks and digital financial assets,” Trade Attaché of the Iranian Embassy in Russia Rahimi Mohsen.

📣 The number of entrepreneurs in Tatarstan in 2023 increased by 4.3%.
Read: https://ria.ru/20240329/predprinimateli-1936599703.html

📣 The number of small and medium-sized companies has increased in Tatarstan.
At the end of last year, in Tatarstan the number of small and medium-sized businesses increased by 4.3% to 172.5 thousand. 38% of such companies operate in the trade industry, 10% each in construction.
Read: https://rt.rbc.ru/tatarstan/freenews/66065bdc9a7947c4..

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