Banks will return pre-crisis loyalty programs, cargo vehicle rental fees are falling – the main thing on August 12

World

• The European Space Agency (ESA) has started looking for a replacement for Roscosmos for future launches, ESA chief Josef Aschbacher told Reuters. Aschbacher confirmed that the ESA is in talks with Elon Musk’s space company SpaceX. Its missiles are expected to be a temporary solution to the problem caused by Western sanctions against Russia.
• The mechanism for the supply of goods to Russia through parallel imports may lead to a shortage of electronic products in the EAEU countries.
• The head of the Finnish Ministry of Trade asked to stop the construction of the railway to Russia and direct funds for the development of communication in other directions.

Russia

• The Bank of Russia presented its scenarios for the development of the economy for the next three years, 2023-2025, in terms of inflation, GDP and key rate. The report contains several options: “Baseline”, “Global crisis” and “Rapid adaptation”. The main objective of monetary policy in the report is to keep inflation close to 4%.

• The Federal Antimonopoly Service recorded a sharp decline in freight vehicle rental rates, in some cases by a factor of two. This is due to a fleet surplus and a decrease in freight traffic.

• Every Russian quarter admitted knowingly buying counterfeit products, the survey showed. Approximately the same number cannot distinguish counterfeit products from original products imported through parallel imports.

Finance

• The banks are going to return the conditions of the loyalty programs to the pre-crisis level. As of August 31, the restriction of the Central Bank to the acquiring commission will end.
• Delimobil’s first bond issue did not interest major investors. The company raised 4 times less than expected. From 3 billion rubles, it was possible to attract only 676.4 million rubles.

Business

• The new Russian brand Evolute will present its first car – it will be the i-Pro electric sedan produced at the Motorinvest plant in Lipetsk. According to a representative of the company, the model will cost about 3 million rubles.

• The main owner of the Volga-Dnepr cargo aviation group, Alexei Isaikin, will leave the company he created in 1990. The management will take control. Isaikin is under British sanctions.
• German coffee producer Tchibo GmbH, ranked fourth in the world, has left Russia. He sold the Russian “daughter” to local management. The owner of “Chibo CIS” was the company of the general director of the Russian division of Mikhail Kovalevsky “MVK”.