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In the marketplace, the chain of traders in the fuel sales market disappears.
... the production of concrete, the delivery of materials to construction sites—all these processes involve significant fuel costs. Therefore, reducing the supply chain and lowering the cost of the process globally affects the cost of many things around us. Often, there are between three and five intermediaries in the chain of traders, sometimes the product passes through up to ten hands, with each one adding their markup. Ultimately, the price of fuel increases, and this growth can exceed 10%. Our platform ...
What Tax Incentives are Available for Entrepreneurs and Investors in Russia?
... costs.
Exemption from property tax and land tax. This exemption allows companies to reduce expenses related to property and land ownership.
The company
Open Oil Market
is a Skolkovo resident and fully utilizes the aforementioned benefits. This helps us optimize taxation, reduce costs, and allocate more resources for the development of our wholesale procurement platform for petroleum products.
5. Tax Incentives for Agriculture and Socially Significant Industries
Companies involved in agriculture and ...
Monday, November 11, 2024: Key Economic Events for Investors
Start the week with a focus on pivotal economic indicators across the globe. Monday's calendar includes Germany's industrial production data, which will set the tone for Europe’s manufacturing outlook, and the Eurozone Investor Confidence Index, providing insight into market sentiment across Europe. In Asia, Japan’s leading economic index and China’s new yuan loans offer a glimpse into economic momentum, while U.S. consumer credit data will shed light on household spending trends. Stay informed as...
Why do Turkey and Russia need their own gas hub
... resell Russian gas to other clients at higher prices, ensuring guaranteed profits,” Yushkov says.
However, Russia has a reasonable question: if we allow Turkey to become intermediaries and earn money from reselling our gas, what will Turkey give us in return? Turkey offers the gas hub, but it has not been created yet. Yushkov believes the time for this has passed, and from an economic point of view, Russia no longer needs the hub.
“When Russia came up with the idea of the gas hub in 2022,...
Forbes: "Oil Resource Group": A New Level of Buying and Selling Petroleum Products
... Resource Group." We saw our task as introducing new business solutions to the traditional Russian market. The implementation of digital technologies has always been the driver of our growth, enabling a 100-200% increase per year. Automation allows us to sell oil products around the clock, seven days a week. A customer can place an order even if they’re on the other side of the world in a different time zone. We aim to operate in a way that a customer needing fuel on the evening of December 31st ...