Shopify has overtaken eBay.

The Canadian company – manufacturer of software for online stores Shopify this year breaks all records and expectations of analysts. In May, it bypassed the Royal Bank of Canada and topped the list of the most expensive Canadian companies (capitalization now – $ 123 billion). On July 29, Shopify released its financial report for the…

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Ozon took in microcredit partners

Russian online retailer Ozon has launched b2b lending (from business to business) with partners – microcredit companies (MCCs). This is stated in the message of the retailer, which was received by “Vedomosti”. Now suppliers can take a loan from SimpleFinance (a major investor – the Japanese investment fund SBI Group) and “Dad of Finance” (owned…

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One of the biggest crab miners can stop fishing

On July 17, the fishing company Uskhod-1 addressed the head of the Russian Fisheries Department, Ilya Shostakov, with a notice of forced early termination of the fishery. “Vedomosti” got acquainted with a copy of the appeal, its authenticity was confirmed by a member of the board of directors of “East-1” Alexander Perednya. A representative of…

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Medicines and baby formulas have become more difficult to import to Russia.

On July 15, the Working Group of the Foreign Investment Advisory Council (FIAC) on Improving Tax and Customs Legislation and Administration addressed Deputy Finance Minister Alexei Sazanov with a proposal to finalize new rules for customs clearance of products. The fact is that in early July, an order of the Ministry of Finance came into…

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Businesses have warned of the risks in draft beer production

Non-governmental organization of small and medium enterprises “Support of Russia” appealed to the Ministry of Finance with comments on new amendments to the law on regulation of the alcohol market. One of them allows “the production and sale of alcoholic beverages only in consumer packaging, which provides the ability to visually determine the fact of…

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How Russian tour operators praised the introduction of cashback for a holiday in Russia

Rastourism together with the operator of the payment system “Mir” – NSPK are developing a program that stimulates the development of tourism in Russia. From August, they plan to launch a campaign, according to which tourists who decide to rest in Russian resorts, will be partially reimbursed for tour expenses. Compensation will be a cashback…

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The KLA is considering a project to develop an enlarged SSJ100

The United Aircraft Corporation (UAC; part of the state-owned Rostech Corporation) is considering developing an enlarged version of the Sukhoi SuperJet 100 short-haul aircraft, two people close to the UAC and two federal officials told Vedomosti. Various dimensions are being studied: 115, 120, 125, 130 and 140 seats in a single-class layout, according to three…

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Iron ore has overtaken gold in terms of price growth

The market value of iron ore, which since 2010 has been determined by the Platts IODEX index (comparative spot price estimate for physically supplied iron ore containing 62% iron, 2.25% alumina, 4% silica and 0.09% phosphorus), has exceeded $ 1 1 ton and came close to a record annual value of $ 120 per 1…

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RusHydro increases its long-term investment program by more than a third

RusHydro (61.2% of the state), one of the country’s largest energy holdings, has proposed increasing its five-year investment program. This was announced on July 21 at a meeting with Russian President Nikolai Shulginov. The increase in the investment program for 2020-2025, which was discussed at the meeting, was approved by the company’s board of directors…

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Russia is unifying the regulation of tobacco products, e-cigarettes and vapes.

The State Duma unanimously adopted in the second reading a package of amendments to the law “On public health from exposure to environmental tobacco smoke and the effects of tobacco consumption.” Alternative means of nicotine consumption were partly equated to cigarettes and partly banned. The final amendments to the anti-tobacco law were drafted for a…

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Farmers are demanding higher tariffs on imported tomatoes

The National Union of Fruit and Vegetable Producers is initiating an anti-dumping investigation into the supply of imported tomatoes to the territory of the EEU countries (it includes Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan). The goal is to introduce duties of at least 80 percent of the value of imported products, the union said in a…

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The fitness industry could lose up to 70% of clubs by the end of the year

Today, more than 85% of Russian fitness clubs are closed or open with restrictions that do not allow you to work without losses, said in a petition the Association of Operators of the Russian Fitness Industry (ATPI) to President Vladimir Putin. The petition has already been signed by more than 5,000 representatives of major federal…

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Russia will consider abolishing quotas on imports of Turkish tomatoes

The Ministry of Economic Development asked the Ministry of Agriculture to consider the abolition of quotas on imports of tomatoes from Turkey, taking into account the balance of the market, as well as assess the possible consequences of this measure for Russian producers. This is stated in the minutes of the meeting of the working…

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The shareholder explained the conflict with the management of the gold miner Petropavlovsk

The causes of the corporate conflict in Petropavlovsk, one of the largest gold miners in Russia, have been clarified. On June 30, the shareholders’ meeting did not re-elect Pavel Maslovsky, the company’s founder, and six other people to the board of directors. Maslowski thus lost the post of general director of Petropavlovsk. Maslowski has ruled…

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Importers of feed additives have brought Mishustin to a dispute over the addition of VAT

The National Feed Union (NCU) has asked Prime Minister Mikhail Mishustin to help resolve a dispute with the Ministry of Finance and the Federal Customs Service (FMS) over retrospective VAT accruals for importers of feed additives, the union said in a letter. The executive director of the union Syarhei Mikhnyuk confirmed the authenticity of the…

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“Narnikel” challenged the giant assessment of the damage from the oil spill

“Narnikel disputes the amount of damage caused to the environment as a result of the diesel fuel spill, the company said in a letter to Rosprirodnadzor,” said the press service of Narnikel, the world’s largest producer of palladium and nickel. object from the spill of 21,163 tons of petroleum products amounted to 147 billion rubles.,…

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Low debt burden and exports will help producers begin to survive the crisis

Magnitogorsk Metallurgical Plant (MMK; the main owner – Victor Rashnikov) expects to reduce steel production in 2020 by 10-15% (in 2019 – 12.5 million tons), and this will be a good result for this difficult year, said the CEO Pavel Shilyaeu in an interview to Vedomosti. According to Shilyaeu, now the economy is gradually recovering,…

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Sunflower prices rose to a record four years

Average prices for sunflowers on the Russian market in the 2019/20 season (the season lasts from September to August) reached 28,150 rubles. / T with VAT (CPT basis, i.e. with delivery to buyer). The price approached this level only in the 2015/16 season, according to the Institute of Agricultural Market (ICAR). Similar data from “Sovekon”:…

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The plant owed 8 billion rubles to the Trust has been declared bankrupt

The Riyal distillery in Kabardino-Balkaria has been declared bankrupt, according to the file of arbitration cases: on June 17 the arbitration court of the republic opened bankruptcy proceedings. The largest creditor of “Rial” – the bank of non-core assets “Trust” (where the Central Bank has collected non-core and bad assets of the three largest rehabilitated…

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