Cyprus introduced a fee for issuing a tourist visa for Russians, the demand for mining devices is growing: the main thing December 1

World

• Cyprus has introduced a fee for issuing a tourist visa for Russians. As of December 1, €80 will be charged for the procedure. Cyprus was one of the last to join the EU decision to suspend the simplified visa regime for Russians.

Russia

• A group of deputies and senators plans to submit to the State Duma on Thursday a draft law on the actual abolition of the annual declaration of income and property for regional and municipal deputies working on a voluntary basis. If the amendments are approved, this category of elected representatives will have to report only on major expenditures, while information on the income of all MPs, including those working in a professional capacity, will be published only in a general and impersonal way.

Finance

• The Central Bank is considering the possibility of extending part of the measures taken in the spring to support the stock market, which expire at the end of the year.
• Since the end of February, the volume of transactions with dollars and euros has decreased 20 times on the money market of the Moscow Stock Exchange. They were partly replaced by the yuan, whose share may increase in the future.

Business

• Demand for long trips, particularly to Thailand, India, Sri Lanka, has doubled this year, surpassing pre-pandemic levels, travel market participants say.
• F+ tech, the parent company of Marvel Distribution, has acquired a 49% stake in Baum-branded server and storage software developer. The company hopes to create its own research and development center in the Russian Federation in order to occupy about 30% of the domestic market for data storage systems in the future, including by organizing the supply of equipment to the public sector.
• In Russia, at the end of the year, the demand for devices for mining cryptocurrency increased significantly. This is influenced by the low prices of equipment and the low cost of electricity.
• Smart-TV’s share with Russian TV guides, online cinemas and other software has recently grown to 10-20% from 1.5-2% a year earlier. The range of such devices has grown due to both Chinese brands and domestic products.