• Minus 1 billion tourists will lose $ 1.17 trillion in world GDP.

    Minus 1 billion tourists will lose $ 1.17 trillion in world GDP.

    The international tourism sector could lose $ 1.08-1.17 trillion depending on whether the borders open in September or December, the UN said in an August memo on the impact of the COVID-19 pandemic on tourism. According to the results of the year, the UN forecasts an overall reduction in international tourist flow to 78%, or 1.1 billion people, which will reduce revenues in the sector from $ 1.5 trillion. in 2019 to $ 400 billion in 2020 The UN’s analysis and forecasts are based on data presented in the UN World Tourism Organization’s report for July 2020. In the first

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  • The largest titanium producer has targeted new niches

    The largest titanium producer has targeted new niches

    VSMPO-Avisma published financial statements for the six months ended June 30, 2020. Due to falling export shipments, the corporation’s net profit for the first six months of 2020 under IFRS fell to $ 82,000 (compared to $ 210.3 million in January). June last year), and revenue fell by 17% to $ 678.4 million. At the same time, revenue from foreign supplies fell by 20% to $ 494 million, and revenue in Russia and the CIS fell by 6% to $ 184.3 million. Up to 70% of the corporation’s products are consumed by the aerospace industry. “According to analysts, the tense

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  • Sales of e-cigarettes and vapes are growing

    Sales of e-cigarettes and vapes are growing

    China’s Smoore International Holdings, the world’s largest maker of electronic alternatives to nicotine, reported sales growth of 18.5% in the first half of 2020 compared to the same period last year to $ 561.3 million. Basic net income grew 40% to $ 188.1 million. The COVID-19 epidemic had little effect on the company’s operations: sales fell 8.8% in the first quarter due to a monthly decline in production due to locks, but rose in the second quarter by 38.9% over the same period last year. Smoore, which owns the Vaporesso brand in more than 60 countries, leads the world in

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  • “Smoke” will sell sausages and cheeses online

    “Smoke” will sell sausages and cheeses online

    Smoke Group of Companies (GC) is opening an online store, a company spokesman said. It will sell its own meat products (sausages, delicacies, etc.), as well as related products (cheeses, sauces, groceries, etc.) from partner companies. With online sales, the company expects to reach a new audience and increase sales. GK “Smoke” – a major producer of sausages and meat delicacies, founded in 2001 by businessman Vadim Dymov. The GC includes three meat processing plants in Moscow, the Moscow region and Krasnoyarsk, as well as pig farms in the Krasnodar Territory and the Ivanovo region and dairy farms in the

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  • New customs regulations could hit Russian home appliance manufacturers.

    New customs regulations could hit Russian home appliance manufacturers.

    The creation of bond warehouses in Russia, where importers can store goods without VAT, customs duties and fees, as well as changing these duties in case of low demand for certain products can discriminate against domestic manufacturers of electronics and household appliances. The Association of Producers and Sellers of These Goods, RATEK, warned Prime Minister Mikhail Mishustin. The authenticity of the appeal to the Prime Minister was confirmed by a representative of RATEK, a representative of the government confirmed the receipt of the letter and clarified that the issue is currently under consideration. There are no bond warehouses in Russia

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  • Delivery times for smartphones from China will be halved

    Delivery times for smartphones from China will be halved

    Alibaba Group logistics operator Cainiao has launched special flights to Russia to transport smartphones, tablets, drones and other devices with lithium-ion batteries, a company spokesman told Vedomosti. This will reduce the delivery time of devices in half, he stressed. Electronics account for more than 20% of Cainiao’s goods in Russia. Thanks to the new flights (4-6 per week), the average waiting time for orders from AliExpress in major cities of Russia can be reduced from 30 to 15 days, said a company spokesman. “Previously, these goods were delivered mainly by motor vehicles – it could take about a month from

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  • Nestle has released a plant-based tuna replacement

    Nestle has released a plant-based tuna replacement

    The world’s largest food manufacturer Nestle has announced the launch of a new product from the Garden Gourmet brand, a plant alternative to tuna – Sensational Vuna (“tuna” in English – tuna). Sales will begin in late August 2020 in Switzerland, at the home market for Nestle. The company believes that during the pandemic, consumers have not lost interest in new products. “Vegunets” from Nestle is made from six plant ingredients without artificial colors and preservatives: water, pea protein, wheat gluten, canola oil, salt and natural flavors. The product will be sold in glass jars, and ready-made sandwiches with Vuna

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  • Mars started producing ice cream in Russia

    Mars started producing ice cream in Russia

    Mars has launched ice cream production in Russia. A representative of the company told Vedomosti about it. According to him, since July it will be produced under contract at the Unilever plant in the Tula region. A Unilever spokesman confirmed this. The American corporation Mars is one of the world’s largest food producers with revenue of $ 40 billion in 2019. It produces chocolate bars Mars, Bounty, Snickers, Twix, Milky Way, Orbit chewing gum, Eclipse, and Royal Canin pet food , Pedigree, Whiskas. In Russia, Mars has four factories for the production of chocolate and chewing gum, five factories for

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  • BHP gets rid of coal, oil and gas

    BHP gets rid of coal, oil and gas

    The British-Australian mining giant BHP on August 18 announced the results of the fiscal year that ended in June. Core income from continuing operations, which does not include one-time income and expenses, decreased by 4% compared to the previous fiscal year and amounted to $ 9.06 billion. According to Refinitiv, analysts expected that figure to be $ 9.42 billion. : rival company Rio Tinto announced a base profit for the first half of 2020 of $ 4.75 billion, which was above analysts’ expectations of $ 4.36 billion. 96% of Rio Tinto’s profit came from iron ore mining, the cost of

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  • The largest soda producer in Russia wanted to nationalize

    The largest soda producer in Russia wanted to nationalize

    The Bashkortostan government is preparing an agreement to buy a controlling stake in the Bashkir Soda Company (BSC), which accounts for up to 85% of all baking soda produced in the country. The head of the republic Radiy Khabirov stated this to Echo of Moscow on August 19. Authorities in the region are trying to resolve the conflict between the public and the BSC, which arose around a limestone deposit on the Shikhan (Mount) Kushtau, located 18 km from Sterlitamak. According to Khabirau, the purchase of BSC shares from private owners will save the company. “The company, of course, needs

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  • Co-founder Baring Vostok will earn on the production of steaks

    Co-founder Baring Vostok will earn on the production of steaks

    The company “Nasha Zhytnitsa” has launched the production of steaks and other semi-finished products (meatballs, minced meat) from beef in the Smolensk region, told “Vedomosti” its co-owner Alexei Kalinin. According to him, she expects to produce about 10,000 tons of products under the Steikavka brand annually. It is planned to sell it mainly in Moscow and the Moscow region through retail chains, restaurants, as well as online through its own website and other delivery services, the businessman said. Kalinin is one of the founders of the Baring Vostok investment fund, he worked there for more than 20 years. After the

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  • Buckwheat has become the most expensive product in the last year

    Buckwheat has become the most expensive product in the last year

    The average retail price of buckwheat in July 2020, according to Rosstat, increased more than 1.7 times to 87.1 rubles. per 1 kg compared to the same period last year. Of all the foods analyzed by the service, this is the most expensive item. The price of buckwheat in stores grew after the wholesale price, explains the general director of the analytical company “Transparent” Vladimir Petrichenko. According to him, now in the wholesale cereals cost about 48 rubles. per 1 kg, twice as expensive as last August. This is due to the fact that in 2019 the price of cereals

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  • Airbnb goes public.

    Airbnb goes public.

    According to The Wall Street Journal, citing sources familiar with the situation in the company, Airbnb this month will submit a formal application for the initial public offering to the US Securities and Exchange Commission (SEC). The financial support of the IPO will be provided by Morgan Stanley and Goldman Sachs. The last valuation of the company was conducted during the second round of investment in April 2020. Then the company was valued at $ 18 billion. This is almost twice less than the valuation during the first round in 2017. The second round of investment brought Airbnb $ 2

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  • Sunflower exports from Russia may again be restricted

    Sunflower exports from Russia may again be restricted

    Exports of sunflower from the Eurasian Economic Union (EAEU; Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan) may be restricted again: this initiative of oil producers is currently being discussed in the Ministry of Agriculture, two employees of processing companies told Vedomosti. The Oil and Fat Union of Russia (FUA) has indeed suggested to Deputy Prime Minister Victoria Abramchenko to consider imposing new restrictions on sunflower and rapeseed exports, confirmed its executive director Mikhail Maltsev. Abramchanka’s representative said that the appeal to the government had been received and the relevant ministries had been instructed to consider it. A representative of the Ministry of

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  • Rosstat wants to use artificial intelligence to calculate inflation

    Rosstat wants to use artificial intelligence to calculate inflation

    The Federal State Statistics Service proposes to use artificial intelligence (AI) to calculate inflation – this follows from its appeal to the Ministry of Communications (it was read by “Vedomosti”, its authenticity was confirmed by a representative of Rosstat). The agency proposes to make a project with a budget of 46 million rubles. in the national program “Digital Economy”. Rasstat calculates the consumer price index, ie monitors the dynamics of changes in prices for various types of goods, explains “Vedomosti” his representative. Now this data is collected manually: registrars visit stores every week, and smartphones with specialized software are used

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  • The market for grocery kits has changed

    The market for grocery kits has changed

    The 1st place in the ranking of the largest online stores of food kits in the first half of 2020, according to Infoline, took Performance Group: its turnover during this period amounted to 14.5 billion rubles. Since 2016, the leader of this market was the company Grow Food, but now it ranks 2nd with a turnover of 12.7 billion rubles. Performance Group was established in 2015 by businessman Arthur Green. In the summer of 2019, Mail.ru Group (MRG) bought a 4% stake in the Cypriot parent service company, later it increased its stake to 25%. In December last year, MRG

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  • Rusagra wants to lose control over the bankruptcy of “Solar Products”

    Rusagra wants to lose control over the bankruptcy of “Solar Products”

    Creditors of the oil and fat holding “Solar Products” – Baltsinvestbank (“daughter” of “Absolute”) and “VTB Factoring” (part of the VTB) – are trying in the Supreme Court to challenge the decision of the previous instance, which allowed the agricultural holding “Rusagra” to enter the register. Information about their complaints is in the file of arbitration cases. In particular, Baltsinvestbank, according to its turnover, considers this bankruptcy controlled, so he fears that the claims of other creditors will remain outstanding. “Vedomosti” got acquainted with the bank’s complaint, its representative confirmed its content. The total requirements of minority creditors (Baltinvestbank, VTB

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  • Viktor Kharitanin’s Medinvestgroup will build a nuclear medicine center

    Viktor Kharitanin’s Medinvestgroup will build a nuclear medicine center

    The area of ​​the center will be 20,000 square meters. m. Construction will be completed by the end of 2023. For the first year the company expects to accept about 7,000 patients, said a representative of “Medinvestgroup”. The amount of investment in the project he declined to report. The International Medical Cluster (IMC) on the territory of the Skolkovo Innovation Center is a project initiated by the Moscow government. Federal Law № 160-FZ of June 29, 2015 allows clinics of the Organization for Economic Cooperation and Development (OECD) to work according to the standards of their countries in the cluster:

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  • M.video will sell equipment under its own Novex brand

    M.video will sell equipment under its own Novex brand

    M.video is reviving Novex’s own brand for home appliances and electronics, which first appeared in the 2000s. Buyers may be attracted by the relatively low cost of branded devices, experts say M.video starts selling electronics under its own Novex brand, said Valery Andreev, a representative of the M.video-Eldorado group. The first product line will be branded TVs with a screen diagonal of 24-65 inches, including with Smart and ultra-high definition, she says. Later they will be joined by kitchen and cooking goods, cleaning, etc., Andreeva said. His interest in smart TV in “M. Video-Eldorado” is explained by the growing demand

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  • Abramovich and his partners sell gold mining Highland Gold

    Abramovich and his partners sell gold mining Highland Gold

    Roman Abramovich and his partners will sell a 40% stake in Britain’s Highland Gold Mining (HGM). The buyer will be Fortiana, a former member of the board of directors of the Peak Group Vladislav Sviblov, who will pay 3 pounds per share, or 437 million pounds (about $ 574 million) per stake, according to a statement on July 31 at the London Stock Exchange. The entire HGM was valued at nearly £ 1.1 billion ($ 1.4 billion). The company is one of the ten largest in the country, mining gold in three Russian regions: Chukotka, Khabarovsk and Transbaikalia, and also

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