Russia Economy Thread

pmc

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Russia service PMI is 51.6. what they dont mention there is alot of illegal migrant expelled that have potentially huge decrease in the resident population and there is also new areas in Ukraine including Crimea that not included.
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Russia's services sector saw its S&P Global Purchasing Managers' Index (PMI) rise to 51.6 in October, signaling expansion as new orders increase despite
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challenges and rising input costs.

they are giving importance to ownership society.
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Vladimir Putin signed a decree exempting some mortgage holders from personal income tax​

10/30/2024 5:51 PM

supersonic passenger flight return.
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Vitaly Savelyev: Russia will return to the creation of passenger supersonic aircraft
November 6, 2024,
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– Russia will soon return to the creation of passenger
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aircraft, says Deputy Prime Minister
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. This is reported by
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.

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was created in the USSR , 16 of them were produced and they carried out passenger flights, and a similar aircraft, Concorde, was created in Europe.

"Airplanes were a little ahead of their time at that time, but we will return to this, because this is the future. Of course, flying even to
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is unpleasant - after all, 8 or 9 hours in flight is a long time. Therefore, I think this is the near future, and you and I will live to see it," Savelyev said during the educational marathon "Knowledge. First."

He previously stated that Russia would not be able to do without supersonic civil aviation and had every chance of being the first to create a new supersonic passenger aircraft for regular flights.

they are going to built 11 Nuclear Icebreaker plus the new generation Lider Ice breaker.
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Putin showed technologies unavailable to the US, Canada and Finland​

Putin showed technologies that the US, Canada and Finland do not have

Russia has confirmed the uniqueness of its domestic icebreaker-building technologies. President Vladimir Putin demonstrated this during the launching ceremony of the newest icebreaker Chukotka on November 6, Alexander Vorotnikov, coordinator of the Expert Council of the Arctic Development Project Office, explained to URA.RU.

"The creation of such powerful, modern vessels is yet another embodiment of Russia's industrial, scientific, human resources and technological potential. That is exactly how the entire domestic economy should develop - based on its own technologies and breakthrough scientific solutions," Putin said.

He noted that Chukotka became the fourth serial icebreaker of Project 22220. Already in December, here at the Baltic Shipyard in St. Petersburg, another vessel, Yakutia, will be launched. In January of this year,
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. In 2025, construction of the icebreaker Stalingrad will begin.
In addition, the new generation nuclear icebreaker Lider, the most powerful one, is being built at the Zvezda shipyard in the Far East," the head of state emphasized. "The implementation of our plans to develop Arctic territories and increase cargo traffic along the Northern Sea Route directly depends on strengthening the country's icebreaker fleet."
Putin also noted that the Russian fleet currently has 34 diesel icebreakers, seven nuclear ones. Another 11 nuclear ones will be built, plus the Lider.

The head of the federal territory Sirius, Elena Shmeleva, became the "godmother" of the icebreaker Chukotka. She admitted that she hopes to conduct a scientific expedition of Sirius scientists on this vessel. And it was Shmeleva who performed the traditional ritual at the launch of a new vessel - she smashed a bottle of champagne against the side of the icebreaker.
 

pmc

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Kaspersky expansion in Middleast. Saudi HQ and 34 offices in 30 countries.
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How Kaspersky is fortifying Saudi Arabia’s digital space​

Mohamad Hashem, general manager of Saudi Arabia and Bahrain at Kaspersky, says the company is committed to bolstering the kingdom’s defences against sophisticated cyber threats
Saudi Arabia has undergone a breakneck speed transformation in its socioeconomic reform agenda since the launch of its economic makeover, known as Vision 2030, eight years ago.
“Saudi Arabia is a strategic market for Kaspersky, and our growth reflects its significance. We have experienced substantial growth in the region, expanding by 70 per cent in 2023 and 22 per cent in the first half of this year,” says Hashem.

“With a 17-year presence and our regional headquarters in Riyadh, we are committed to providing comprehensive support to organisations and driving strategic development.”

The regional HQ builds on Kaspersky’s extensive global network, which includes 34 offices in over 30 countries and operations spanning 200 countries and territories. Since entering the Middle East market in 2008, the company has significantly bolstered its presence, including opening a new office in Riyadh in 2022 and the launch of its first Transparency Center in 2023.
Things that are related to Software or Money Putin is more confident.
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Putin: Artificial intelligence can help solve the problem of personnel shortage​

The development of artificial intelligence technologies may further help solve the problem of labor shortage; Russia has great potential in this area. This was stated by Russian President Vladimir Putin at a plenary session of the Valdai Discussion Club.
“Artificial intelligence is the most important tool for development and one of our priorities in the economic sphere and in other areas,” the Russian leader noted.

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Oreshkin: There is no shortage of capital for business in Russia​



Qatar showing interest in Russian assets in Germany. when these people are involved directly or indirectly this asset exchange will happen.
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Qatar Taps Rothschild as Adviser in Bid for Rosneft Units in Germany​


I think Russia will able to produce over 1m electric vehicles. as it has much simpler supply chain. but ICE/hybrid will dominate for long time. some will be hydrogen.
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Renera to receive preferential loan at 1% for creation of storage plant in Moscow​

In the past, the government concluded an agreement with Rosatom on the development of this area; Renera LLC, an integrator for the development of storage systems, is responsible for it within the state corporation. The company is implementing a project of gigafactories in the Kaliningrad region (according to materials from the Renera website, the launch is scheduled for 2025) and in Moscow (launch - 2026) with a capacity of 4 GWh per year each.

"Gigafactories will produce traction batteries for electric transport and batteries for stationary energy storage systems," Renera explains in its materials. It was previously reported that the structure plans to reach a capacity of 14 GWh by 2030. Now, according to the government's order, the Moscow project can produce products for almost 19.28 GWh by the end of 2030, and for 58.5 GWh by the end of 2040.

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ETU "LETI" CREATES UNMANNED ELECTRIC VEHICLE
10/30/2024 2:30 PM
Developments in the field of vehicle traffic control systems, implemented at ETU "LETI", are aimed at creating cost-effective solutions that will accelerate the pace of implementation of unmanned transport in the field of logistics, including in industrial production.

Kamaz EV trucks after buses.
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Polar lithium: the past, present and future of the Kolmozerskoye deposit​

Import substitution will also affect battery production. According to the head of Polar Lithium, it was previously planned to send raw materials to China, but today domestic factories are already being built in Kaliningrad and New Moscow. In turn, KAMAZ is already waiting for their products to be installed in its own electric trucks.
 

pmc

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Russia still beat Germany in Turkish Tourist arrival despite huge domestic Tourism spots.
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Foreign tourist arrivals


In September alone, foreign tourist arrivals rose by 4.6 percent from a year ago to 6.05 million.

Russians constituted the largest group of foreign visitors at 13 percent in total. In the first 9 months of 2024, Türkiye welcomed 5.5 million Russian tourists, up 5.9 percent year-on-year.

Germans ranked second at 5.2 million, up 6.2 percent, while the number of tourists from the U.K. rose by 16.5 percent to 3.7 million.


This used car has such high residual value.
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Japan Expands Used Car Auctions in Russia. Sanctions to Be Eased

In the case of the Leaf, the car's value on the auction market typically drops to 50% of its new value after three years and more than 20% after seven years. A hybrid car in good condition has a residual value of 70% after three years. Ohata believes the reason for the low prices in Japan is that it is impossible to estimate how much battery life has been used and "there is no habit of buying and selling used cars."
"Russia plays an important role as a consumer in the global market. Japanese companies are facing a drop in demand for their cars, and it is important for them to continue doing business. Therefore, they are starting to ease restrictions, but they cannot lift all sanctions at once," Malykh noted.

Scientifically strong in every direction. under ice shuttle.
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Mikhail Kovalchuk: The story of the brain drain from Russia has long since ended​


We remain strong practically everywhere where we were, nothing has changed here. It’s just that some developments have remained unclaimed for many years and need some renovation. But the fact that the potential is enormous is shown, for example, by the fact that in a short period of time, on the initiative of the president, we have made hypersonics, which no one else in the world has, and the West cannot catch up with us in this yet.

Our technological might grew out of the atomic project, in fact, we became a technological superpower only after its implementation. Yes, we were catching up with America when creating the atomic bomb. But then we were always first. The first hydrogen bomb - 1953, the first nuclear power plant - 1954, the first nuclear icebreaker - 1959. And also nuclear medicine, our research nuclear reactors were among the best in the world.
The same in space. The first satellite - October 4, 1957, the first dog, monkeys, the first man in orbit, the first spacewalk, the first collective flight, the first orbital station "Mir", the flyby of the Moon, the landing of the lunar rover on the Moon. Today, a "relative" of our Soviet lunar rover walks on the Moon. We should be proud of it.
Much of what the "new space powers" are doing today is based on developments made in our country decades ago. This means that now it is easier for us to create something new together on a common basis. We have a huge number of ideas today, for example, the exploration of the Moon and deep space.
These developments need to be promoted, while securing our technological leadership. We need to know our worth and build relationships with partners correctly. For example, a thermonuclear project is successfully developing in China today. But we must remember that it began with the Soviet Tokamak installation, which was installed there in the early 2000s. And then we designed a new generation Tokamak together, which is one of the best today. And mutually beneficial, promising relationships must be built on the accumulated joint experience.
The story of the brain drain from Russia has long since ended. It is obvious that today in Russia there are unique opportunities for a scientific career, development. Scientists from abroad are already coming to us. Look, representatives of 100 countries have gathered in the national center "Russia" to discuss the future in Moscow. And this is happening soon after the BRICS summit in Kazan. Therefore, we are now reformatting the world.
An under-ice shuttle for the Northern Sea Route?
- Of course. It may not surface or surface when and where necessary. This is also important from a safety point of view. Firstly, it is an uninhabited area. Secondly, it is underwater. In principle, it can be unmanned, but for this the reactor must be unattended. There are many tasks there, they will last for decades. But there are no ideological questions for us there.

116 ICE class. Cargo ships for North Sea Route.
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Transportation along the Northern Sea Route via Yenisei will double
By 2028, transportation along the Northern Sea Route for Krasnoyarsk Krai may double. This was announced at the session "New Development of the Arctic" of the international symposium "Creating the Future", which recently ended in Moscow.
It is planned to build 10 icebreakers, 116 brand new ice-class cargo ships, 14 sea ports and terminals, expand the satellite constellation, and so on.

Krasnoyarsk Krai plays an important role in this process. It is through the ice of the Kara Sea and the Laptev Sea, which wash the region, that ships carrying cargo from the mining and metallurgical company Norilsk Nickel, which has its own ice fleet of six ships, pass.

Let us recall that these are 5 container ships (ARC 7 according to PMPC classification) and 1 Yenisei tanker of reinforced ice class. Equipped with azipod engines, they are capable of overcoming ice up to 2 m thick without icebreaker assistance ...

Movie on North Sea Route
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The National Center "Russia" will host the premiere screening of the film "Northern Sea Route"​

n November 10, the National Center "Russia" will host a screening of the documentary film "Northern Sea Route" by director Svetlana Muzychenko, filmed with the support of the Institute for Internet Development. As part of the event, viewers will meet the film crew of this large-scale project.

The documentary film "The Northern Sea Route" tells the story of the development of Russia's unique Arctic artery - the shortest sea route between the European part of the country and the Far East. Viewers will be immersed in the centuries-old history of the heroic exploration of the harsh ice space of the Arctic with intense drama and incredibly courageous main characters.

The scale of development in Far East and Arctic means it will be very hard for Russia to export Reactors. The 2% mortgage housing enforced. They want this population Shift faster.
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Rosatom tasked with considering commissioning of NPP in Far East by 2032​

In the draft general scheme for the placement of power facilities until 2042 ( the document has not yet been approved - IF ), recently updated following public discussion, the earliest date for commissioning the unit at the Primorskaya station is now indicated as 2033. In 2035, two units will be commissioned at this station, according to the document. As for the Khabarovsk NPP, the commissioning of the first unit is scheduled for 2041.

4m Square meter of housing in a month. Just North Caucasus is size of Germany GDP based on this single most important criteria. it is these people who built modern cities in 1990s much ahead of rest of Russia and this speed of construction continuing. They are going to built Abu Dhabi in there. Past and Future.

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The North Caucasus has become the leader in housing construction rates in Russia​

In September 2024, the area of apartment buildings under construction in the regions of the North Caucasus Federal District (NCFD) increased by 57% compared to September 2023, which is almost four times higher than the average growth rate in the country. Such data was provided to Stroygazet by experts from KEY CAPITAL.

"There is a boom in multi-apartment housing construction in the North Caucasus Federal District. In September 2024, developers built 3.98 million square meters of housing here, while a year earlier this figure was 2.54 million square meters
The company's analysts are confident that the pace of construction in the North Caucasus will continue to grow. The area of houses for which construction permits were received from January to September 2024 increased by 46% compared to the same period in 2023. In Karachay-Cherkessia, this figure increased tenfold, in Kabardino-Balkaria - by 99%, in Stavropol Krai - by 97%, and in Ingushetia - by 28%. However, in the Chechen Republic, Dagestan and North Ossetia, a decrease in developer activity was recorded, where the receipt of construction permits decreased by 72%, 30% and 10%, respectively.

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pipaster

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Possible merger of the big the Russian oil companies Lukoil Rosneft and Gazprom. The company would apparently produce the times the oil of Exon Mobile.

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gelgoog

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Possible merger of the big the Russian oil companies Lukoil Rosneft and Gazprom. The company would apparently produce the times the oil of Exon Mobile.
There are lots of installed interests in these oil companies which would make the merger of their businesses difficult. Merging Rosneft and Gazprom Neft would in theory be more simple because they are both government owned unlike Lukoil which private owned.
The Russian government could force a nationalization if necessary but probably won't happen.
 

pmc

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Russia GDP growth greater than 4% in first three quarter. Russia GDP historically is greatly underestimated in prior decades considering the wealth in Society. Just the scale of tourist is far beyond any one else in this income bracket.
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Mishustin: Russia has outpaced countries that imposed sanctions against it in terms of GDP growth​

In the first three quarters of 2024, Russia's GDP growth exceeded 4%. In terms of this dynamic, Russia significantly outperforms the countries that have imposed sanctions against it. This was reported by Prime Minister Mikhail Mishustin.

There is another way of maintaining quality of education. Teachers are not responsible for teaching language. and already alot of exodus of people. So real GDP per capita is going much higher. GDP per capita in West is getting lower when you look at migration trend.
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Vyacheslav Volodin: a bill to ban the enrollment of migrant children in schools without knowledge of Russian will be submitted to the State Duma​


flights in winter are increasing.
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Rossiya Airlines Increases Flight Frequency from Sochi to Dubai

It is increasing international exposure for Southern Russia. Alot of other airports have flight restrictions but once Ukraine done than the real strength of travel to expensive destinations can be measured.
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Construction of the international terminal at Vladikavkaz airport has begun
November 12, 2024,
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– The investor has begun construction of an international terminal at the
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airport (part of
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- IF), the head of North Ossetia
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said during a meeting with Russian President Vladimir Putin, which was broadcast by the Russia 24 TV channel.
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writes about this
 

tabu

Junior Member
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The design of the banknote is as ugly as possible. And there are already excellent prototypes!


And seriously -- the dreams of vatniks that either India or China will give to another country at least a fraction of its monetary sovereignty characterizes the intellectual abilities of the former in the best possible way.
 

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pmc

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The BRICS Bank note was gifted to UAE ambassador in South Africa. It is not official. It only reflect Russian geopolitical view like that Provisional flag of Bangladesh liberation or that Afghan flag. Aesthetics not priority.

They are going to put Arabic signs for Arab tourists.
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Moscow opens its doors to Arab tourists... "New Service​


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Omani Shura Council chairman Al-Maawali: We want to boost cooperation with Russia in all areas​



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Russia's Mir payment system connected to Iran's Shetab - media​



They are going to implement the toughest law for regulating human behavior. you would think with official labor shortage they will be relaxed but internal drive in certain direction and self generated demographics too powerful.
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October 31, 01:59,

The pilot for a digital migrant profile is planned to be launched in 2025​

Deputy Minister of Education and Science Andrey Omelchuk noted the importance of the digital profile containing the necessary data on proficiency in the Russian language, knowledge of Russian history - that is, everything that is now mandatory for foreigners if they want to work in the Russian Federation


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Fines for parents could increase fifteen times​

24.10 15:45
 

HighGround

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And seriously -- the dreams of vatniks that either India or China will give to another country at least a fraction of its monetary sovereignty characterizes the intellectual abilities of the former in the best possible way.
Pretty sure that's not the point of a BRICS currency.
 

gelgoog

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This is a new terminal for carrying Russian Far East coal to the Chinese and other Asian markets.
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The new terminal at Cape Manorsky received the first vessel for loading coal​

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The first bulk carrier, Omolon, has moored to berth No. 1 of the Port Elga sea terminal. The mooring was carried out in a routine manner under the supervision of the inspector of the Vanino seaport captain's service. The transshipment will be carried out in the mode of adjusting the loading equipment.

The dry cargo ship was moored by two tugboats. Pilotage services were provided by specialists from the North-Eastern Basin Branch of Rosmorport.

Previously, four pilots were trained on a specialized marine simulator, were certified by the Vanino seaport captain's service and received pilotage certificates for the right to pilot ships in this area, the press service of Rosmorrechflot reported.

Icebreaker support during the 2024-2025 winter navigation will be provided by Rosmorport's icebreakers Kapitan Dranitsyn and Sankt Petersburg.

Let us recall that in October 2023, the Port Elga sea terminal, the construction of which is actively underway on Cape Manorsky on the southwestern coast of the Sea of Okhotsk, was included within the boundaries of the Vanino seaport.

The terminal will handle coal delivered by rail from the Elginsky coal deposit with subsequent loading onto sea vessels. The terminal is planned to be commissioned in stages. At the first stage, the cargo turnover will be 5 million tons per year with the prospect of increasing the capacity to 30 million tons per year upon completion of construction.

Upon completion of construction, the terminal will be able to simultaneously receive four vessels, two of which have a deadweight of up to 55 thousand tons and two of which have a deadweight of up to 85 thousand tons.
 
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