An initial public offering (IPO) gives investors the opportunity to buy shares in companies at the start, often at an attractive price, but it is associated with a number of risks and requires a balanced approach.... ... participation usually starts at 10,000 rubles, making the process accessible to a broader range of investors. Unlike many foreign IPOs, Russian IPOs do not require qualified investor status and allow for the sale of shares immediately after placement, provided their ...

... survey of the business environment in Germany: a slight drop in the index from around 88.5 to 88 points is expected, reflecting companies' cautiousness amid weak demand and external risks. The Ifo indicator is an important barometer of economic sentiment: ... ... European company stocks. 13:30 MSK – Central Bank of Russia's decision on the key interest rate. The day's main intrigue for the Russian market. Following an unexpected 100 bps cut in June (to 20% per annum), most analysts anticipate another reduction of ...

... Eastern Polygon." REFERENCE: The non-discriminatory access rules for railway infrastructure ensure equal access for all companies to transportation services. The existing order prioritizes special, repair, passenger, postal, and international transport ... ... are weak, continues Kirill Rodionov. "The key weakness is that regardless of regulatory actions, the situation in the Russian coal industry will worsen. In particular, the position of coal producers whose assets are far from export ports will deteriorate....

... Russia decreased by 480 thousand barrels per day (bpd) from February to May 2024, down to 2.13 million bpd. Another factor in the price rise is the increasing costs for Russian refineries. According to Rosstat, the balance of profits and losses for Russian oil product producers decreased by 15.4% (to 1,202.1 billion rubles) in the first four months of 2024. The share of unprofitable companies in oil product production increased from 25% in January-April 2023 to 27% in January-April 2024. The rising costs at refineries will contribute to higher wholesale and retail prices. As a result, the data for June 2024 will show an acceleration ...

... sensitivity of businesses to interest rates. Increasing Debt Burden on Companies: Many enterprises rely on credit resources to maintain working capital and expand their businesses. In the context of sanctions and limited access to foreign financing, the Russian lending market remains one of the few pillars for companies. Inflationary Expectations: High inflation risks and rising prices for essential goods compel companies to strive for expansion and investments, including through borrowed funds. Why Is Credit Overheating Dangerous? Credit overheating increases ...