China is increasing the export of cars, the Russian AvtoVAZ is trying to keep up and announces ambitious plans for the coming year, the cost of apartments in new buildings is falling, while the debts of Russians and the number of foreign businessmen in the Russian Federation, on the contrary, they are growing. RB continues to talk about key events in the economy and business in Russia and the world.
- Swiss banking giant UBS has completed the acquisition of its old rival Credit Suisse.
- The head of AvtoVAZ announced plans to export 10-15 thousand Lada cars for the current year and up to 50 thousand by 2024 (RIA Novosti).
- In January-May 2023, China exported 1.75 million domestically produced cars, 81.5% more than the same period in 2022.
- The EU is exploring the possibility of storing gas at UGS facilities in Ukraine with a capacity of up to 30 billion cubic meters of fuel (Bloomberg).
- Over the past year, prices for new buildings in the capital have decreased by an average of 6% in all market segments, and the cost per square meter – by 0.2% (Metrium).
- At the same time, there is record growth in offers for small-format studios: their number increased by 50.2% from 3.6 thousand lots last year to 5.4 thousand lots this year (NDV Supermarket Real Estate).
- The debts of the Russians in April exceeded the 30 trillion ruble mark, having increased by 527 billion rubles (almost 13%) compared to the same period last year (Central Bank of the Russian Federation).
- The Business Ombudsman in the Russian Federation Boris Titov proposed a set of measures to improve the work of the single tax account (UNS): for example, simplifying the procedure for reducing taxes under the simplified tax system, the possibility of establishing various reporting dates and solving purely technical problems in the system.
- From January to June 2023, the number of foreign individual entrepreneurs registered in the Russian Federation doubled: 18.6 thousand against 7.8 thousand last year (FTS).
Author:
Ekaterina Alipova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
