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Friday, December 13, 2024: Analysis of Key Events and Reports
... Novorossiysk Grain Products Plant provide insights into shareholder return trends in resource-heavy markets.
Key Corporate Reports
Russian Companies:
NPO "Nauka" (NAUK):
Extraordinary general meeting to approve dividends of 2.92 rubles per share ... ... signs of resilience in consumer spending amid inflationary pressures.
My Commentary on Friday’s Events
As the founder of Open Oil Market, I view Friday’s events as pivotal for understanding broader global trends and their implications for investment ...
What is Inflation in Simple Terms: Understanding its Impact on Russian Lives
... steps can be taken to protect your savings.
What Inflation Means in Simple Terms: Understanding and Its Impact on the Lives of Russians
Inflation is the process of increasing the overall price level of goods and services. In simpler terms, it means that ... ... advance, especially if a price increase is expected. This can be advantageous for durable goods.
Conclusion from the Founder
Open Oil Market
As an entrepreneur, I understand how inflation impacts each of our lives—from daily purchases to strategic business ...
700% Inflation in Russia: How Prices and the Ruble Exchange Rate Have Changed Since 2001
... has risen 3.4 times. What key factors have influenced inflation, how has the standard of living changed, and what awaits the Russian economy in the coming years? We analyze this in the article.
Inflation in Russia Since 2001: Changes in Prices and ... ... years, leading to higher costs for imported goods and components.
Rising Raw Material and Energy Prices
Domestic prices for oil, gas, and electricity have increased, impacting the cost of goods and services.
Changes in Tax Policy
The introduction and ...
Gasoline Outpaces Inflation: Will Prices Continue to Rise at Gas Stations?
... companies have no choice but to slow the growth of retail prices. However, significant changes in the wholesale and exchange segments are unlikely, mainly due to declining profitability. According to the latest data from Rosstat, the net profits of Russian oil refineries fell by 61.5% in the first five months of 2025, amounting to RUB 521.5 billion.
Such a drastic decline is largely attributed to a reduction in subsidies for oil producers. While the payments under the "damping" mechanism (compensations ...
Venture Investments in Russia: 23% Decline in 2024 and Future Prospects
... play a crucial role in forming local ecosystems to support startups.
Comment from Sergey Tereshkin, General Director of Open Oil Market
“The 23% decline in venture investments is a troubling signal for the entire economy. However, the crisis provides ... ... involvement of private investors ready to invest in promising projects.”
Conclusion
The year 2024 has been a test for the Russian venture market. However, even amidst the downturn, there remains potential for recovery and growth. Economic stabilization,...