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51 posters

    Russian Economy General News: #11

    Hole
    Hole

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    Russian Economy General News: #11 - Page 40 Empty Re: Russian Economy General News: #11

    Post  Hole Thu Jan 14, 2021 9:05 pm

    TRANS-Siberian. She wants to be a road? lol!
    Scorpius
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    Russian Economy General News: #11 - Page 40 Empty Re: Russian Economy General News: #11

    Post  Scorpius Fri Jan 15, 2021 3:30 am

    miketheterrible wrote:
    Scorpius wrote:
    kvs wrote:
    ...

    Such chained money exchange clearly does not go on forever.   It gets broken all the time.  So there is actually such a
    thing as savings and so debt payments are not a zero sum game where they automatically involve someone not getting
    paid inside Russia.


    Just for reference: by the end of 2020, the total volume of deposits of individuals in Russian banks was about 32 trillion rubles. This is approximately 217 thousand rubles for each resident of Russia.

    How much was it in 2019?

    The Federal Tax Service (FTS) has data on 700 thousand foreign accounts of Russian individuals and legal entities totaling more than 13 trillion rubles thanks to the automatic exchange of information with other countries. This was stated by Deputy Head of the Federal Tax Service Dmitry Volvach at the Gaidar forum.
    https://rg.ru/2021/01/14/fns-soobshchila-o-13-trln-rublej-na-zarubezhnyh-schetah-rossiian.html

    So, now we can talk about the amount of 32+13=45 trillion rubles that Russian citizens have as personal savings. For comparison, Russia's budget revenues for 2021 should amount to ~18.8 trillion rubles.
    The annual GDP of Russia in 2019 amounted to 110 trillion rubles.

    At the same time, the total volume of lending to individuals tax residents in Russia amounted to 19.06 trillion rubles as of 01.09.2020: https://iz.ru/1076868/roza-almakunova/vse-v-zaem-vse-v-semiu-kreditnyi-portfel-rossiian-prevysil-19-trln

    Well, I think that now these data should be compared with the indicators of "rich developed Western countries".

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    kvs
    kvs

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    Russian Economy General News: #11 - Page 40 Empty Re: Russian Economy General News: #11

    Post  kvs Fri Jan 15, 2021 3:34 am

    Personal savings in America hover around 0% (sometimes negative). Everything is done on credit. The whole US economy smells
    of a Ponzi racket.

    One of the reasons Russia has been having such a hard time implement the capitalist system is the chasm between how it
    is claimed to operate and how it actually operates.

    Mao was probably more right than wrong with his paper tiger analogy.

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    magnumcromagnon
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    Russian Economy General News: #11 - Page 40 Empty Re: Russian Economy General News: #11

    Post  magnumcromagnon Fri Jan 15, 2021 3:14 pm

    Ģirts Valdis Kristovskis, Deputy Chairman of the Board of the Port of Ventspils, called on the #EU to impose environmental duties on #Russia for reorienting cargo flows from #Latvia's harbours to its own.
    #Russophobia is destroying the Latvian economy.

    PART OF THE LATVIAN ELITE REACTS HYSTERICALLY TO THE DETERIORATING ECONOMY

    https://twitter.com/Russ_Warrior/status/1350057900530671618

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    miketheterrible
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    Post  miketheterrible Fri Jan 15, 2021 4:16 pm

    Lol

    The rest of EU will ignore them.

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    kvs
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    Post  kvs Fri Jan 15, 2021 4:33 pm

    magnumcromagnon wrote:
    Ģirts Valdis Kristovskis, Deputy Chairman of the Board of the Port of Ventspils, called on the #EU to impose environmental duties on #Russia for reorienting cargo flows from #Latvia's harbours to its own.
    #Russophobia is destroying the Latvian economy.

    PART OF THE LATVIAN ELITE REACTS HYSTERICALLY TO THE DETERIORATING ECONOMY

    https://twitter.com/Russ_Warrior/status/1350057900530671618

    This is the same tantrum baby loser spasm that we see in the "concern" for the Arctic "environment" where the obvious objective
    is the sabotage of the North Sea Passage.

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    Kiko
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    Russian Economy General News: #11 - Page 40 Empty Re: Russian Economy General News: #11

    Post  Kiko Fri Jan 15, 2021 5:35 pm

    Russians massively sell their property in Bulgaria
    11 January

    I came across a local article with this heading here (it was about our southern coast of the country). But I think that the situation is the same in the north.

    They write that Russian-speaking owners of Bulgarian real estate have now (at the end of 2020) started actively selling it. Due to closed borders, people could not come to their apartments last year. And they still cannot do it, the situation with the borders has not changed in any way. And you still have to pay for these apartments in the resorts.

    In addition, due to the fall of the ruble, the maintenance of such real estate is becoming less and less profitable for Russians. The financial issue also became one of the reasons for the desire to get rid of apartments. In order to sell, prices are reduced, which is what Bulgarian buyers use. They purchase this housing profitably, taking care of the future. The fact is that Bulgaria will switch to the euro in the coming years (from the age of 23). This prospect scares many Bulgarians, they are afraid of the depreciation of money and therefore want to invest in real estate.

    Then they expect to rent it or sell it at a higher price. They make about 80% of such purchases on mortgage lending (interest on mortgages is low here). Moreover, at the moment, not only residential premises are put up for sale, but also restaurants, clubs and bars owned by Russians. Bulgaria is now experiencing another lockdown, when all establishments are closed. Business is suffering huge losses, not everyone can stand it. I must say that the Bulgarians also started selling their establishments for this reason.

    Most of the apartments for sale are located in such Black Sea resorts as Sunny Beach, Pomorie, Nessebar, etc. In Burgas, the situation is different. Here they buy housing mainly not for summer vacations, but for year-round living. Apartments in Burgas continue to be in demand among Bulgarians from all over the country and foreigners. And now a large number of new houses and residential complexes are being built here, not only in districts remote from the center, such as Izgrev, but also in the very center, infill development is constantly underway. Moreover, apartments there are being sold out even at the construction stage, as I heard.

    https://zen.yandex.ru/media/bgdays/rossiiane-massovo-prodaiut-svoiu-nedvijimost-v-bolgarii-5ffacc0ebb14d54ffb29ff7e
    miketheterrible
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    Post  miketheterrible Fri Jan 15, 2021 6:50 pm

    now they can buy Russian property in Crimea and Sochi.
    GarryB
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    Post  GarryB Sat Jan 16, 2021 6:08 am

    PART OF THE LATVIAN ELITE REACTS HYSTERICALLY TO THE DETERIORATING ECONOMY

    At one time, the port was even subjected to American sanctions, I think, in order to reduce the price of the port’s property, and then the Americans could buy it.

    So that explains US sanctions on Russia and China... they are not angry or being mean they just want to artificially deflate the value of enemy companies and resources so they can swoop in and buy them up cheap... friends like that...

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    kvs
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    Post  kvs Sat Jan 16, 2021 6:34 am

    clown

    That is the "free market" at work.

    Big_Gazza
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    Post  Big_Gazza Sun Jan 17, 2021 2:16 am

    magnumcromagnon wrote:
    Ģirts Valdis Kristovskis, Deputy Chairman of the Board of the Port of Ventspils, called on the #EU to impose environmental duties on #Russia for reorienting cargo flows from #Latvia's harbours to its own.
    #Russophobia is destroying the Latvian economy.

    PART OF THE LATVIAN ELITE REACTS HYSTERICALLY TO THE DETERIORATING ECONOMY

    https://twitter.com/Russ_Warrior/status/1350057900530671618

    Replace Latvia with Australia, and Russia with China... same predictable mechanism

    Another wonderful example of when you act like a complete cvnt as part of a political vendetta you run the risk of throwing your economy under the bus.  Laughing Laughing Laughing Laughing

    Ģirts Valdis Kristovskis and our own Scott "ScoMo" Morrison seem to be birds of a feather.   Laughing  Laughing  Laughing  Laughing

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    Kiko
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    Post  Kiko Sun Jan 17, 2021 3:39 pm

    Europe began to buy Russian coal due to cold weather
    Maxims Krayushkins
    January 14, 2021

    Due to cold weather in Europe and Asia and higher gas prices, European countries began to import more coal from Russia. This was announced by the Russian Deputy Prime Minister Alexander Novak, reports RIA Novosti .

    “Cold temperatures, an increase in gas prices in the Asia-Pacific region due to a shortage of resources during the cold period ... What did this lead to? Now they have started to load coal-fired power plants. Coal exports, even to the Russian Federation, have now grown sharply, ”Novak said.

    According to him, earlier it was unprofitable to supply coal to Europe, but now, due to low temperatures, supplies have resumed.

    Novak noted that hydrocarbon prices must be competitive, otherwise they will have to compete with renewable energy sources.

    https://yandex.ru/turbo/gazeta.ru/s/business/news/2021/01/14/n_15486710.shtml?publisher_logo_url=https%3A%2F%2Favatars.mds.yandex.net%2Fget-turbo%2F1413408%2F2a000001651421c907eaed8c2784c949cd66%2Forig&promo=navbar&utm_referrer=https%3A%2F%2Fzen.yandex.com

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    Hole
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    Post  Hole Sun Jan 17, 2021 9:11 pm

    Karma is not a bitch, she is a cold wind freezing your ba censored

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    miketheterrible
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    Post  miketheterrible Thu Jan 21, 2021 7:49 pm

    https://sdelanounas.ru/blogs/138904/

    Central Bank of Russia: "Russia's trade surplus in 2020 amounted to $89.4 billion

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    calripson

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    Russian Economy General News: #11 - Page 40 Empty Actually No

    Post  calripson Mon Jan 25, 2021 4:29 pm

    Hole wrote:But they are bad electricians. Very Happy


    My father had them build an addition onto his house in the 1980s including the wiring. Just because they don't use it doesn't mean they don't understand it.
    Hole
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    Post  Hole Mon Jan 25, 2021 8:14 pm

    Tell that Homer and Bart. Laughing

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