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Russians overeat chocolate: consumption of sweet beats records

The main driver of growth in the market was chocolate sold by promotions and cheap cookies. Last year, on average, every Russian consumed 25.2 kg of confectionery. Sales increased over the year by 3% in physical terms, the market volume was 3.7 million tons.

WTO lowered its forecast for global trade growth in 2019

The World Trade Organization sharply lowered its forecast for global trade growth in 2019. Pessimism is associated primarily with the uncertainty in the trade negotiations between China and the United States, as well as with the slowdown in global economic growth.

Government involvement in the economy in Russia has reached a new level

According to the results of 2018, the state’s share in the economy remained at last year’s level and amounted to over 60-70 percent “according to many expert estimates” reported by RBC with reference to the Federal Antimonopoly Service (FAS) report on the state of competition in Russia.

Inflation crossed the peak

Since the end of March, Rosstat has recorded a zero increase in consumer prices, and last week the annual inflation for the first time in a long time fell to 5.2%.

Outbound tourism has increased in Russia

At the end of 2018, the number of tourist trips of Russians abroad increased by 7 % compared with 2017. It is reported by “Kommersant, citing a study of the company Euromonitor International. In total, last year foreign trips from Russia increased by 6%. The main directions were Turkey, Germany, Thailand, Italy and Spain.

Inflation in Russia has stabilized

Weekly inflation in Russia in the period from March 19 to 25 was 0.1%, remaining at this level for the ninth week in a row, according to Rosstat data published today.

Russians have missed chocolate
The “Coffee with milk” index in February went up again after the January recession and reached 959 pp, which is 1.9% more than the previous figure. The annual growth of the index in the whole country was 4.5%. In the capital, the index of simple pleasures also showed an increase of 1.9% to a level of 1101 pp.
Finland offers new tours for the Russian market

Despite the fact that many independent tourists traditionally come to Finland from Russia, they see a strategic need to promote package tours in the opinion of the representative of VisitFinland, ATOR reports.

According to representatives of Finnish tourism, this Nordic country as a tourist destination is not well known outside of St. Petersburg. Finland is often associated with year-round cold and Santa, and reindeer or husky riding is the only possible entertainment.

FAS explained why food prices should rise

Prices for products must grow, otherwise manufacturers will not be able to receive adequate profits and invest in the development of production, said Andrei Tsyganov – deputy head of the Federal Antimonopoly Service (FAS) – during the interview with RIA Novosti.

Metro retailer will refurbish stores of its network in Russia

The food retailer is going to focus more on wholesale sales to professional customers in b2b. According to Kommersant, it will work in three new formats, including the premium segment. The company’s representatives denied this.

German retailer Metro AG, managing a network of small wholesale hypermarkets Metro Cash & Carry, plans to change the approach to its business in Russia and make it more affordable for wholesale. The press service of the company told in a conversation with RBC.

Central Bank of the Russian Federation: inflation in Russia will decline from the second half of the year and will be 5-5.5% for the year

According to the Central Bank, the impact of the increase in the VAT rate in Russia on the prices of goods and services remains uncertain. Annual inflation in Russia will reach its maximum due to the base effect in the spring months of 2019, then from the second half of the year it will decrease to 5-5.5% by the end of the year, after which it will return to the target value near 4% at the beginning of 2020. This is stated in the information and analytical material of the Bank of Russia about the dynamics of consumer prices.

News
The growth rate of prosperity in Russia over the past two years has exceeded the world average, analysts from the Boston Consulting Group said.
The authorities admitted that they could not keep inflation within 4%. It will be possible to return to this target indicator only in the second half of 2022, according to the analytical commentary of the Central Bank.
The OECD predicts acceleration in the global economy and a slowdown in the domestic Russian economy. The decline in household incomes and the contraction of consumer demand may become an additional brake on the recovery of the Russian economy.
According to Rosstat, the economic downturn in Russia in 2020 amounted to 3.1% – significantly better than expected.
The Deputy Chairman of the Bank of Russia Alexey Zabotkin emphasized that the potential economic growth rates do not depend on monetary policy, they are influenced by demography, labor force, and the efficiency of institutions.
MARKET INDICATORS
Retail in Russia
Retail in Russia
Russia and China
Russia and China
The structure of expenses of the population of the Russian Federation
The structure of expenses of the population of the Russian Federation
The structure of expenses of the population of the Russian Federation
The structure of expenses of the population of the Russian Federation
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Real estate
Real estate Russia
Real estate Russia
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