β οΈπ·πΊ "Expert RA" has downgraded its profit forecasts for banks and lending for 2025. The main factors include high interest rates and tighter regulations. According to new estimates, banks are expected to earn 3.1β3.3 trillion rubles, down from the March forecast of 3.4β3.6 trillion rubles. In the face of declining lending and profits, only the largest players will strengthen their positions β
π The Russian Ministry of Energy is awaiting directives on allocating dividends from state electric companies for investments, according to TASS. "We proposed that RusHydro retain dividends for financial recovery. Additionally, the government recently held a strategic session on energy development, where these initiatives were discussed. We hope that the issue of directing dividends toward investments will be included in the protocol directives or decisions resulting from the strategic session," officials stated.
β¨ In a groundbreaking initiative, charitable NFT tokens have been launched in Russia to fund the construction of a temple dedicated to St. Sergius of Radonezh in Cheboksary. Following the project's completion, these tokens may be utilized to support community beautification programs, according to Ak sakov.
π A forecast by Expert RA predicts that by 2028, Russia will have fewer than 270 banks remaining.
π«πΊπΈπ¨π³ General Motors has announced it will cease vehicle shipments to China. The decision marks a significant shift in the company's strategy within the world's largest automotive market. For further details, visit here.
π VK has initiated a private placement for its additional share issue. The preferential rights for acquiring VK shares will expire on June 3, 2025. The share issue is priced at 324.9 rub. The buyers include investment funds of key Russian shareholders. The company plans to use the 115 billion rubles raised from this placement to reduce its debt burden, which it promises not to increase further.
β¨ The Russian Ministry of Energy may propose that miners relocate to the northern regions of Russia, according to a report by TASS. The initiative aims to optimize energy consumption and enhance the mining industry's infrastructure in less populated areas. For more details, visit TAΠ‘Π‘.
π The Central Bank of Russia, during testing, sees a significantly higher potential demand for the digital ruble in cross-border payments and for legal entities, according to Nabiullina.
β οΈπͺπΊπ·πΊ The European Union is preparing its 18th sanctions package against Russia, aimed at encouraging the country to seek peace, according to EU Commissioner Kallas. The ongoing efforts reflect the EU's commitment to holding Russia accountable for its actions. For more information, visit here.
π A significant rally is anticipated in Russian stocks, according to experts. Investors are closely monitoring the market for potential opportunities as various factors may influence stock performance. The outlook suggests optimism despite ongoing challenges. For more details, visit Π°ΠΊΡΠΈΡΡ
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β οΈ The head of the Central Bank of Russia, Elvira Nabiullina, stated that there are currently no grounds for increasing the inflation target. This declaration comes amid ongoing discussions about the country's economic stability and inflationary pressures. For more details, visit here.
π On May 22, Novabev will host its Strategy Day. This event promises to be a pivotal opportunity for attendees to engage in strategic discussions and explore future initiatives. Don't miss out on this chance to contribute to the companyβs vision and growth. For more details, visit Novabev.