Tag: crisis

Late in the evening of 12 April (outside of signing of this number in print), the energy Ministers of the OPEC countries+ will hold a new videoconferencia – apparently, for the final initialling of the text of the agreement on joint reduction in the production of "black gold". In Russia, many industry experts believe that, without this agreement, the domestic producers would have to cut the power in half. Now the barrel there is every chance that his price went back to the bar at $40, maybe even higher. So the cost of the "barrel" will help the domestic budget go a year without "holes" that need to be close from the reserve funds. However, for the oil industry, revenues from which fill about half of the Treasury, and the contract threatens to decline by 15%.

The Russian economy may need significantly more financial assistance from the state. About this stated the head of "Business Russia" Alexey Repik.

An emergency meeting of OPEC countries+ scheduled for April 9, which will be held in format of teleconference – the center of attention of market players all over the world. The stakes are high: either the States together fail to agree on the reduction of production volumes of "black gold", or the barrel will fall to record low levels, bringing the economies of producing countries, and so lying on the side of the pandemic, a new untold disaster. A lot depends on participation in the dialogue States that have not previously been aside from cutting production. According to preliminary data, the consent to capacity limitation gave Norway, Brazil, Colombia, Egypt, Mexico, and Canada and the United States. However, the participation of the two countries in remote negotiations are not officially confirmed.

Global GDP due to the pandemic will not receive for two years of more than $5 trillion, which is comparable with the annual volume of industrial production of Japan, writes Bloomberg with reference to the assessment of the banks on wall street. However, as the epidemic of the coronavirus will not guarantee that the world will get off this damage, but not 2-3 times more. As for Russia, then, according to the respondents "MK" experts to judge its economic prospects and losses is even more thankless.

The issue of withdrawal from the moral and financial crisis after the quarantine, the viability of online shows and reduced ticket prices discussed creative Director and Director of state theatres. Of course, online.

Growth of overdue credit debt of the population to 10% the President of the National Association of professional collection agencies (NAPCA) Elman Mehdiyev. It stipulates that if properly work launched by the authorities the mechanism of vacation credit, by the end of the year number of debtors with overdue payments will grow by only 0.5-0.7 million people. However, banks are clearly not in a hurry to provide their customers caught in difficult life situation in connection with the pandemic, delay: according to the Bank, is met only 15% of all clients is to provide them with holidays. In this situation, the volume of overdue debt in the country by the end of the year will grow two times, and the expense of violators will go to the tens of millions, experts warn.

Food will start to go up in retail in the near future. Estimates of the retail companies Association (ACORT) prices for food will rise by 5-15% and on some items – 30-50%. The reason – the incident in March, a sharp collapse of the ruble. Apparently, such developments are prepared and the authorities. At the suggestion of deputies, the government began to develop a mechanism of cost control for food. Experts warn that the state should not interfere in pricing. Artificial control of the market will lead to a shortage of food. Therefore, domestic consumers will face restrictions on the purchase in one hand, and also come into close relationship with the dealers. There will be black markets, where the buckwheat bread and the garlic will be sold already absolutely for other money.

Recently the Minister of Finance of his native country, Mr. Siluanov gave are things that I almost choked — and in the moment in a public place it could even be life-threatening. He said with a straight face that, first, "were the fat years", and secondly, that now "we need to begin to effectively develop the economy". What?

The Ministry of Finance announced the completion of the transaction to repurchase from the Central Bank controlling stake in Sberbank. The government paid for 52.3% of the shares of 2.14 trillion rubles, which is 300 billion less than previously planned amount. The Finance Ministry transferred all the money at once and not in several tranches, as originally intended. Such haste is explained by the fact that the government desperately needs money for anti-crisis measures. Now it is time for the Central Bank: the regulator needs to transfer a large part of the amount back to the Treasury. Understand in detail dokhtarironi castling.

Pause on the stage — the right thing. With its help, you can tell a lot. Same thing in life. Today we have all slowed down, paused. Why the pause?This time we stole or gave it to us? And how can we break this hold?