... to a "catch-up growth" model: adopting the best global practices, local players are focusing on niches where they traditionally excel (mathematics and AI, cybersecurity, instrumentation). The global venture boom creates a favorable environment ... ... growth trajectories at any moment. Potential tightening of key interest rates in the latter half of the year or economic shocks may cool investors' enthusiasm. Hence, funds and angel investors are currently acting more cautiously: conducting thorough due ...

... in 2024, partly due to regulatory intervention by the Federal Antimonopoly Service (FAS), which may act sooner than year-end to curb price growth. Tereshkin notes an unusual trend this year: due to faster price increases for AI-98, oil companies may hold back diesel price hikes, which traditionally occur in autumn, to maintain their reputation with regulators. This tacit agreement to keep fuel price increases within inflation limits is likely to be upheld for diesel but breached for gasoline. As a result, the export ban on gasoline ...

... for issues with "floating coupons"). Liquidity and Taxes. Corporate bonds are traded on the exchange, but liquidity may be low for smaller issues. Coupon taxation is the same—PIT of 13% (15%). Deductions through an IIA are applicable only to ... ... dividends. Major companies such as "Sberbank," "Gazprom," "Lukoil," and "Norilsk Nickel" traditionally pay dividends (sometimes 8–12% per annum from the current price). However, the capitalization of Russian companies ...

... growing capital in a short time frame. Price Difference. The cost of shares acquired via a receipt is generally lower than on the traditional securities market, allowing for substantial savings. Currency. Payments are made in US dollars, a stable currency ... ... Receipts does not guarantee stable income. Sometimes companies go bankrupt or fail to pay dividends. Consequently, shareholders may lose their money or be unable to recover it for an extended period. However, in most cases, investors manage to obtain good ...

... attractive bonuses, and improved terms for loyal customers. This creates competition among banks, which can be beneficial for clients who will be presented with more favorable conditions. Emergence of Alternative Lending Sources Limitations on credit cards may lead to heightened interest in alternative financing sources, such as microfinance organizations, credit cooperatives, and fintech companies. These institutions often offer more accessible and flexible terms for clients who are unable to secure traditional bank loans. Prospects: When to Expect Market Stabilization? Despite a significant drop in lending volumes at the start of the year, February 2024 saw a recovery in demand for credit cards. According to the United Credit Bureau, card issuance ...