PSB at the XIII International Industrial Exhibition INNOPROM-2023 signed an agreement with the research and production association “Elektromashina” – the leading enterprise of the Russian military-industrial complex in the design and manufacture of electrical equipment for military, medical and railway equipment. The document was signed by Oleg Minaev, first vice-president of the PSB, and Igor Afanasiev, acting general director of the Scientific and Production Association of the Elektromashina Joint Stock Company.

As part of the agreement, PSB will participate in the implementation of projects aimed at providing employees of NPO Elektromashina with affordable and comfortable housing, including the use of specialized mortgage products and individual conditions for the salary project. The parties also plan to develop programs for the introduction of modern technologies for managing financial resources to improve the efficiency of the enterprise.

“Comprehensive support for the military-industrial complex is of great importance for the PSB, including in the implementation of measures aimed at attracting highly qualified personnel to the industry. In order to further increase the motivation of employees of companies, last year we developed and launched a program for the construction of housing on preferential terms. Within the framework of the project with NPO Elektromashina, we plan to build about 18,000 square meters of housing with project financing in the amount of more than one billion rubles”, said Oleg Minaev.

“For JSC NPO Elektromashina, the implementation of the state defense order has always been and will be the top priority. In the implementation of this task, the key condition is personnel – people who, with their conscientious work, ensure the implementation of the State Defense Order for the benefit of the Fatherland.In this sense, the motivation of personnel is one of the main tasks of the company.That is why the PSB program for the construction of preferential housing for company employees is a extremely popular and timely measure,” noted Igor Afanasiev.

Press release provided by Promsvyazbank PJSC

In September, Ralph Lauren will return to New York Fashion Week. Designer Ralph Lauren plans to hold a women’s fashion show on September 8. WWD writes about it.

The exact location of the show has yet to be announced, nor whether it will feature menswear. Lauren last walked a show during New York Fashion Week on September 7, 2019. Since then, the fashion designer has done off-schedule shows in Los Angeles and New York.

Ralph Lauren’s Last American Fashion Show took place on the grounds of the Huntington Library in San Marino, California on October 13, 2022. The show was attended by Jennifer Lopez, Ben Affleck, Laura Dern, John Legend, Lily Collins and other stars. The show showcased Ralph Lauren’s men’s and women’s collections.

Prior to that, he held an exhibition on March 22, 2022, where he turned the gallery at the Museum of Modern Art into a replica of his Fifth Avenue apartment. Among the guests were Gigi and Bella Hadid, Shalom Harlow, Jessica Chastain and Tyson Beckford.

Earlier, Ralph Lauren announced a new scholarship program. The brand will pay $100,000 to a fashion student. We talk about it in more detail here.

The Spanish construction company OHLA will build a photovoltaic plant in Fuendetodos, Zaragoza. The contract that the construction company has been awarded has a total value of close to 30 million euros and includes the commissioning of a plant in addition to its construction.

This new clean energy project will be based on facilities with a capacity of 124 MW and a total of 190,000 photovoltaic modules installed. This infrastructure will make it possible to generate from Fuendetodos the necessary energy to supply 65,000 homes per year.

In addition, the company has highlighted in a statement the contribution to caring for the environment that a renewable energy project of this magnitude represents. In fact, OHLA has calculated that the construction of the photovoltaic plant will avoid the emission of approximately 120,000 tons of carbon dioxide per year.

Ecological diversity as a priority

The energy produced in the photovoltaic plant will be conducted through a series of 30 kV Medium Voltage (MV) circuits and will be evacuated through a 5,065-meter-long 30 kV underground MV line, channeled through a reinforced trench of concrete up to the 400/30kV collector substation.

The construction of the plant contemplates the integration of various measures for the conservation of the ecological diversity of the ecosystems, paying special attention to the case of the Bonelli’s eagle and other steppe species.

The company defends that the project will also contribute to boosting the economic development of the region, since the photovoltaic installation is expected to generate approximately 300 jobs during the construction phase.

OHLA’s portfolio includes close to 30 renewable energy projects in Europe, America and Asia, which add up to a total installed capacity of close to 1,600 MW, which allows it to supply around 600,000 homes per year.

In Spain, where it manages close to 1,100 MW, the company was recently awarded the contract to build a 100 MW photovoltaic plant in Zaragoza, two photovoltaic plants in Seville with a combined capacity of 87 MW, a 130 MW photovoltaic plant in Badajoz and a in Merida of 100 MW. At the same time, it is advancing in the execution of four projects that, together, add up to nearly 800 MW.

“Yes, we have banned cluster munitions (Bulgaria is one of more than 100 countries that have adhered to the convention – editor’s note) and therefore, on our part, we consider this decision (USA. – editor’s note) is not political, but military , the head of the Bulgarian government.

Recall that earlier US National Security Adviser Jake Sullivan announced the supply of cluster munitions to the Kiev regime, which is a violation of the aforementioned convention.

Tiffany and company. Reopened flagship store in Tokyo after renovation. The converted boutique occupies two floors. It is done in the same style as the jewelry brand’s iconic space on Fifth Avenue. WWD reports.

The store was designed by architect Kengo Kuma. The exterior façade with cherry blossom petals and paintings for the interior decoration were created by the artist Damien Hirst.

Opened in 1972, the Ginza boutique became Tiffany & Co.’s third flagship store outside the US Its latest reconstruction retained the building’s famous façade. And its main feature is the Louis Comfort Tiffany leaded glass windows.

Earlier at the Tiffany & Co. flagship boutique there was a fire on Fifth Avenue. Two people were taken to the hospital. We talk about it in more detail here.

Correos has foreseen the need to reinforce its service as a result of the elections on July 23 and the activities related to voting by mail, and has hired 19,400 new workers to provide support during the weeks prior to the elections. .

Despite the fact that recent hiring already far exceeds the requests of the unions, which requested an increase of at least 12,000 workers in the workforce, Correos has stated that it will continue to recruit staff in order to guarantee the correct development of remote voting.

The public company anticipated the need to have more workers due to the increase in requests for voting by mail, in addition to the advancement of the date of the general elections to the holiday period. For this last reason, the postal service company has decided to fully comply with the vacations of its workers during the month of July.

Extraordinary openings on Saturdays

In this sense, more than 30% of the employees who had planned their vacations this month have voluntarily requested to delay them to be available during the campaign, which indicates, in the company’s opinion, “the high level of commitment of the workforce Post Office with the public service”.

The company has also made extensions of hours in 274 offices, especially in areas where the greatest influx is expected, such as tourist areas, a measure that may be extended to more offices in the coming days, depending on the needs. Extraordinary openings are also contemplated on non-working days such as Saturdays and holidays.

In fact, last Saturday, July 8, 225 offices were opened in towns in Catalonia, Andalusia, the Valencian Community, Murcia and the Balearic Islands and it is expected that next Saturday, July 15, they will open extraordinarily, from 9:00 a.m. to 2:00 p.m., 2,061 offices throughout Spain.

The opening will be exclusively to meet the needs of citizens related to the electoral process (delivery of notified electoral documentation and admission of voting by mail). These time extensions and extraordinary openings may be extended depending on how the postal voting process evolves in the coming days.

Reinforcements in delivery and logistics centers

Correos has also reinforced the distribution network with 250 additional PDAs for the delivery of electoral documentation. In addition, a large part of the contracts made are intended to reinforce the delivery staff, especially in tourist areas, for the delivery of electoral documentation.

Weekend deliveries are also planned. Specifically, next Saturday, July 15, there will be an extraordinary distribution throughout the country.

This extraordinary distribution completes the one carried out last Saturday, July 8, in 586 distribution units throughout Spain, in which 3,033 Correos employees worked delivering electoral documentation.

The transport routes for the remittance of the documentation from the logistics center to all the distribution units will also be adapted, depending on the needs.

Similarly, the service will be reinforced in all logistics centers, including the one located at the Adolfo Suárez Madrid-Barajas airport, for the management of international shipments.

The Health Train will deliver multidisciplinary teams of doctors and mobile complexes of modern diagnostic equipment to the LPR.

For four weeks, doctors and nurses will work in polyclinics and hospitals in the sister city. During this time it is planned to carry out a medical examination of 20,000 residents, with special attention to the detection of oncology, diabetes mellitus and diseases of the bronchopulmonary system.

“Our doctors will conduct free comprehensive examinations of adult residents of the city, medical examinations and preventive examinations,” said the secretary of the regional branch of United Russia, the governor of the Bryansk region, Alexander Bogomaz. “The Health Train is equipped with the most modern equipment: ultrasound scanners, fluorograph, mammograph, electrocardiograph and laboratory equipment. The mobile team includes 11 doctors in the most popular specialties among the population: therapist, neurologist, urologist, gynecologist, surgeon, ophthalmologist, otolaryngologist. Bryanka residents, like other cities in Donbass, are in difficult conditions, many need quality medical care, which is quite difficult to come by, but most importantly, people need care and attention.

The RG correspondent spoke with government officials and experts to find out if farmers in the North Caucasus Federal District are prepared for a rapidly changing situation.

“To be honest, domestic seeds are quantitatively and qualitatively inferior to foreign ones, this is a fact,” Sergey Izmalkov, Minister of Agriculture of the Stavropol Territory, shares his thoughts. – But today, most of the research institutes that focus on solving this problem are in the orbit of the Ministry of Agriculture of the Russian Federation. I know that they received very good funds to create their own base. Naturally, this will take some time, as it takes five to eight years to develop new varieties. Science must restructure itself, as well as master the means assigned to it. In the future, one way or another, we will work with domestic seeds and varieties. They are the future. But so far it is very difficult. We are used to high rates and high returns. And then… a transition period is needed. Of course, there will be quotas. And if not in a year, then in two or three years, we will completely abandon the import of seeds. Preparations are underway, there will be a restructuring of the mentality within the region. The external environment has become more aggressive for our country, and we are forced to switch to domestic materials. This process is irreversible.

If not in a year, then in two or three years, we will completely abandon the importation of seeds.

It should be noted that talks about import substitution in the field of national team have been going on for quite some time. So, in 2016, the Stavropol authorities announced the start of production of highly productive hybrids of sunflower and corn, despite the fact that at that time up to 70 percent of corn seeds and 90 percent of seeds of sunflower were of foreign selection. Experts explain that for a long time the problem of domestic manufacturers was the lack of interaction in complex and expensive technological processes. For example, excellent varieties have already been produced in Russia, which are not inferior in quality to imported ones. But the producers did not have the opportunity to bring the seeds to the required condition.

Now, in order to establish production of its own seeds, the Stavropol State Agrarian University (SSAU) is preparing to open a new institute for agricultural breeding and genetics. It must solve the strategic tasks of providing agricultural producers with domestic materials.

The SSAU press service said that on the basis of the new institute, in-depth scientific and educational activities in the field of agrobiotechnologies will be carried out. According to the Priority 2030 program, the breeding and genetics laboratories for crops and livestock will be concentrated there.

The Institute lays the foundations for the future development of those areas of improvement and genetics, in which knowledge and technology must increase rapidly and even by leaps and bounds if the country aspires to independence in this matter.

The Association of Financial Users, Asufin, has warned that consumer loans do not step on the brakes and are becoming more expensive in Spain with an average increase in interest that already exceeds 13%. In addition, the demand continues to grow, which is shown in the V ros months. 32.2% of those surveyed have already requested a loan, compared to 20.30% who were affected in 2022, 24.10% in 2021 and 14.20% in 2020.

However, the need to obtain liquidity and to finance the debts is still present to a large extent, which is why Asufin anticipates that a loan be requested to weather the summer storm. Almost half of the requests have reached bank offices, since it is the purpose that 43% of those interviewed will give them, according to Efe from the Asufin report.

Car and travel prices rise

On the other hand, it is followed by the purchase of vehicles, with 15.1%, and reforms, with 9.9%. Travel and vacations will also concentrate 9.9% of the requested loan. And all this in a context of rising prices, in which the average of short-term loans in Spain reaches 13.17% APR, 2.75 percentage points more than a year ago. In the case of consumer finance companies, the average interest on short-term loans reached 17.42%, 5.82 percentage points more than a year earlier, with which they are at a level similar to that of credit cards. credit.

In banks, the average short-term interest is 12.16%, 2.88 percentage points more than a year earlier, when its average cost was 11.43%. While in the long term, the average rate applied by consumer finance companies is 13.13%, also above the 11.43% applied by banks. The cheapest loans and those that experience the least increases are those from banks and consumer finance companies that finance vehicles, which now have an average cost of 9.94% in the short term and 9.83% in the long term.

Photo: cumbreafrica.ru

The program of the second Russia-Africa economic and humanitarian forum continues to be completed. It became known that as part of this large-scale summit, which will be held in St. Petersburg on July 27-28, a field session of the Creative Business Forum will take place. Its participants will discuss the role of the creative economy in shaping a sustainable and harmonious future, as well as the expansion of cultural ties and joint creative projects between Russia and Africa.

– The development of relations with African countries in the field of education, science, culture, dialogue between civilizations and the dialogue of civil societies is today more relevant than ever, given the turbulence of the world economy and the transformation of international economic partnerships, which contributes to the exchange of knowledge and experience, the establishment of effective partnerships in the field of creative industries, – noted the adviser to the President of the Russian Federation Anton Kobyakov.

Among the declared participants in the discussion “Creativization of the economy: the development of cultural projects and brands” are the Minister of Culture of Russia Olga Lyubimova, General Director of the Alexander Sedov Museum of Oriental Art, Rector of the Russian State University. A. Kosygin Valery Belgorodsky and others. Cultural figures from Egypt, Algeria, Senegal, Ethiopia and other African countries are also invited.

Remember that the creative industries traditionally include industries such as film and photography, advertising, design, crafts, media, software and game development, art.

As the deputy chairman of the State Duma, the first deputy head of the faction Vladislav Davankov, explained, if the amendments are adopted, credit holidays will be valid from the twelfth week of pregnancy and one and a half years during parental leave.

A loan moratorium is a period of temporary suspension of loan payments or a reduction in loan size without penalties or credit consequences. So far, this measure is valid for a number of categories (people in a difficult financial situation, mobilized) temporarily, but the State Duma plans to introduce the right of citizens to credit vacation on an ongoing basis. The bill was submitted to the State Duma in September 2022 and passed the first reading.

Disney has posted a nostalgic video in honor of the channel’s 40th anniversary. Here you can see excerpts from a wide variety of the company’s projects, from Camp Rock and Hannah Montana to recent releases by the Amphibians and Owl House.

The video also featured footage from High School Musical, Phineas and Ferb, The Heirs, Kim Possible, Gravity Falls, Bluey, Zack and Cody, KC. Undercover”, “Wizards of Waverly Place”, “Lizzie Maguire”, “Wait, Charlie!” and other works.

Previously, Disney showed a video for the studio’s 100th anniversary, which will take place on October 16, 2023. It featured clips from Peter Pan, Mary Poppins, The Lion King, Star Wars, Avatar, The Avengers, Enchantment and other projects. .

“The anniversary will be a celebration of our fans and families, the creative storytellers and visionaries whose talents and imaginations created these magical moments, made Disney an integral part of world culture,” said CEO Bob Iger.

Previously, Disney was accused of paying workers less than $150 million. Nine current and former employees joined the lawsuit. We talk about it in more detail here.

The organization that encompasses the most developed countries on the planet, the OECD, considers that the effectiveness of permanent-discontinuous contracts, a formula whose use has skyrocketed exponentially in Spain as a result of the latest labor reform approved by the Government in 2021 is “still uncertain”, so it points to the need for continued supervision and potentially stricter regulation to ensure further developments in the Spanish labor market.

However, in its report ‘Employment Outlook 2023’ published this Tuesday, the club led by Mathias Cormann considers that the rule “contributes to improving the quality of employment in Spain” and highlights that more than a year after its entry into force , the number of temporary contracts has been reduced by 30% and most of the new ones signed are permanent, reducing the disproportion of temporary contracts between the country and others in the organization.

Of course, it shows that the country continues to be, by far, the one that registers the highest unemployment rate (12.7% in May), much higher than the average for the members, which was 4.8% that same month, and warns that the level of unemployment will remain at a “relatively high” level.

The club also points out that the real salary (if the effect of inflation is discounted) for each hour worked has fallen by 4% in Spain since the end of 2019, just before the Covid-19 crisis broke out, up to the first quarter of this year, when in the group of countries that comprise the organization this decrease has been limited to 2.2%.

Turkish President Recep Tayyip Erdogan and Swedish Prime Minister Ulf Kristersson before the start of the NATO summit in Vilnius.

Photo: REUTERS

The fact that Sweden was accepted into NATO at the alliance summit in Vilnius was obvious: well, such an event, scheduled in advance as “historic”, cannot end in shame. On Sunday, US President Joe Biden put an end to speculation about Ukraine’s imminent entry into the bloc – war”. After that, there was no need to guess: they would accept Sweden. Because the “family” it needed a powerful upbeat chord, confirming the bright prospects for the Western military bloc.

True, it was not without intrigue. The day before the summit, Turkish President Recep Tayyip Erdogan made a spectacular move: Ankara will agree to admit Sweden to NATO after the alliance “clears the way” for its admission to the European Union. For fourteen months, Erdogan marinated Stockholm in the alliance waiting room, successfully extracting from it one concession after another, including recognizing his sworn enemies the PKK as terrorists and lifting the ban on arms exports to Turkey. But this is nonsense compared to how long the EU has been “marinating” Turkey in its dressing room – 36 years! And here is a truly generous gesture from the “Sultan” – accept the Swedes, I don’t care. And in response, from the same Swedes, he got guarantees that now they would give their bones to finally bring Ankara into the EU …

Well, well… Do you really remember the well-known situation: “Honey, I’m marrying you tomorrow!”? It is even interesting where Turkey is more likely to join: the EU or the BRICS, which it expressed a desire to join a year ago. And what do you want to get for it?

Altruism is not a characteristic of politicians at all. But if we talk about Erdogan, he is a model politician, who exchanges interests and benefits with skill and cunning, as is customary in the oriental bazaar. He assured Zelensky that Ukraine “is worthy of being in NATO.” And then, without choking at all, he painted how impatiently he was waiting for the upcoming visit of the President of Russia, with whom he had something to discuss. On the eve of the current alliance summit, Erdogan did not pocket a word to indicate the power and importance of the Western military bloc in the world. And in September last year, he stated that Turkey aspires to become a member of the SCO, that it has achieved success in terms of security, economy and trade, and generally recognized: “The decisive role of the Asian continent in the world economy has already it’s obvious.” One would like to ask, so who are you with, Comrade Rejep Tayipovich?

The President of Turkey is an exemplary politician who exchanges interests and benefits with skill and vivacity, as is customary in the oriental bazaar.

Photo: REUTERS

But the question here is obvious: he is with Turkey and its interests, as he sees and understands them. “Nobody should expect any compromise or understanding from me,” Erdogan said on the eve of Politico’s announcement of his consent to be admitted to the Swedish bloc. And understand it as you want: was there an engagement or not? After all, it is obvious that the Turkish leader did not change his position overnight, but until the end he tried to negotiate for himself the maximum for agreeing to receive the Swedes. And after all, he negotiated, including new concessions from Stockholm and Brussels.

But the main recipient of the “sultan’s generosity” in exchange for concessions was, as Western experts emphasize, the Turks themselves. “Erdogan has no real new victory, especially given the exaggerated claims of him immediately before the summit,” Politico writes. “But he can sell those demands and do things at home, emphasizing what he has, not what he lacks.”

However, these unexpected and contradictory steps by the President of Turkey are not yet intended only for the domestic public. Outside players scrutinize them carefully. And following the well-known political logic of the “sultan” – an exchange and another exchange – it can be assumed that the next moves will be in favor of those whom he now seems to have “offended”. “What are you, what are you,” he will say to the same NATO members, once again confirming Turkey’s desire to join the BRICS and the SCO. – We already agreed on everything, and now I will negotiate with others…”

Within the framework of the XIII International Industrial Exhibition INNOPROM-2023, PSB and the Ural Federal University agreed to cooperate in the field of educational activities.

The corresponding agreement was signed by the president of the bank, Petr Fradkov, and the rector of the institution of higher education, Viktor Koksharov.

The document provides for the interaction of the parties in the development of fundamental education in the field of finance and recycling programs. In addition, PSB and Ural Federal University intend to carry out project-based learning with the participation of banking professionals and carry out joint activities.

“The agreement signed today opens up new opportunities for interaction between the PSB and one of the leaders in the training and retraining of specialists – the Ural Federal University. The development of any sector of the economy is impossible without highly qualified personnel, for which we pay special attention to projects that allow young specialists to become real professionals in their field and build a successful career.Our plans are to train such specialists for the financial sector, to form a new generation of first-class bank employees “said Petr Fradkov. .

“This agreement opens up new prospects for the university. Cooperation with the PSB bank will help improve the quality of education, prepare our students for the requirements of the modern labor market and attract the best teachers and researchers. We will be able to offer students more opportunities to develop and unlock your potential Thanks to this partnership, we will be able to develop and implement new educational programs that will provide the relevant knowledge and skills needed for a successful career I am confident that together we will reach new heights in education and people training qualified specialists in the financial sector,” said Viktor Koksharov.

Press release provided by Promsvyazbank PJSC

Mutual funds are collective investment products. In other words, investors make contributions that make up the fund’s assets and make them participants. However, when investing in a fund, the investment guidelines are not in the hands of the investors. The CNMV explains that the fund is created by an entity, the manager, “which is the one that jointly invests these contributions in different financial assets -fixed income, variable income, derivatives or any combination- following guidelines set beforehand.”

Each participant owns a part of the fund’s assets, in proportion to the value of their contributions. The value of his contribution will vary depending on the increases or decreases in the value of the assets according to the evolution of the investments. Before investing, those interested can find out about the investment strategy and the type of assets in which the fund invests -investment policy- in the so-called informative brochure.

Investment funds are a savings instrument that allows savers to deposit their money in the financial market, but with the management of professionals and without follow-up work and attention to the investment. In addition, its tax treatment is more favorable than other financial products. But within investment funds there are different types and it is important to know which one we are going to invest in.

replicator and index

Usually, when investing, one of the objectives is to beat the market. That is, achieve a higher return than the market average. However, there is a type of investment fund that seeks to follow the market, specifically, an index. They are index funds. According to Bankinter’s Clear Finance Dictionary, an index investment fund is “an investment fund whose investment strategy is to replicate a reference index, usually variable income”.

Trade like the best on eToro

Follow the actions of other eToro traders in real time with CopyTrader™

Copying an investor does not equal investment advice. The value of your investments may go down as well as up. Your capital is at risk.

That is, they are going to invest by copying the composition of the index that is taken as a reference. For example, an investment fund indexed to the Ibex 35, the main stock market index of the Spanish stock market, must invest in the 35 companies that make it up and in the same proportion that they represent in the index. In the case of the Spanish index, according to the latest data published by BME, 15% would have to be invested in Iberdrola, 12% in Inditex or 10.5% in Santander.

passive management

From Bankinter they explain that the function of replicating an index makes its management cheaper. For this reason, index funds are cheaper than actively managed ones. It is one of the main characteristics of index funds, they are based on passive management. The CNMV defines it as the “portfolio management modality with which it is intended to obtain a return equivalent to that of the reference index or indices, through a choice of securities that replicates its evolution.”

For its part, active management is a “portfolio management style that seeks to outperform an index or benchmark asset by taking advantage of market inefficiencies; To do this, we use the selection of undervalued assets and the identification of the best moment to buy or sell.”

In search of profitability

Although its objective is to replicate an index, as in any type of investment, it also seeks to maximize profitability. To know the current most profitable ones, it is enough to look at the actual profitability of the indices. For example, among the most relevant worldwide, since the beginning of the year the Nasdaq, the US index that brings together the 100 most important technology companies, has appreciated almost 30%. The 35% Spanish Ibex, for its part, has gained 16% since January. Likewise, there are many indices by country, sector or company size, among other factors.

However, it must be borne in mind that, as with any investment, past returns do not guarantee future ones. The choice should not be conditioned solely by past returns because, as the CNMV points out, “it is not a guarantee of future returns”.

At the same time, more than 2,000 criminal cases were initiated under the articles on organization of illegal migration, illegal trafficking in narcotics and psychotropic substances, illegal arms trafficking and illegal crossing of the state border.

The official representative of the Russian Ministry of the Interior, Irina Volk, specified that in total, during the operation, the police, together with colleagues from the Russian FSB, revealed some 45,000 violations of immigration laws. Including – more than 33 thousand violations of the rules of entry, exit, transit and stay of foreign citizens in the territory of our country.

According to the Ministry of the Interior, more than 12,000 violations of the procedure for carrying out work activities by foreigners were registered, and 273 citizens were identified who were on the federal and international wanted list.

Moscow Gorky Park will be partially closed from July 14 to 18. This is due to the installation and holding of VK Fest. This is stated on their website.

The entire part of the park parterre, from the arch to the Golitsynsky pond, including the Pushkinskaya embankment and the bike path, will be inaccessible. Muzeon, Neskuchny Garden and Sparrow Hills with ecological trails will continue to operate as usual.

However, there will be no passage from the main entrance to the Neskuchny Garden. You can get to the territory of the Green School and the Salyut site through the entrance near the Oktyabrskaya metro station. It will be possible to enter the park towards the Golitsinsky pond through the historic entrance on Leninsky Prospekt.

VK Fest this year lasts almost a month and will take place in five cities: Vladivostok, Novosibirsk, St. Petersburg, the village of Sirius near Sochi and Moscow. The Moscow part will occupy Gorky Park during the weekend of July 15 and 16. The festival will feature Basta, Instasamka, Anna Asti, Gayazov$ Brother$, Big Baby Tape, “Mytishchi on Fire”, Antokha MC and others. We talk about the lineup in more detail here.

The number of passengers who opt for high-speed trains in Spain and the average distance increases in the month of May according to data from the National Institute of Statistics (INE) and collected by Europa Press. The number of passengers on High Speed ​​has skyrocketed by 34.5% to 2.8 million.

On the other hand, the survey also highlights significant growth in short and medium range trains, registering an increase of 51.7% and reaching 4 million passengers. This increase in customers is due to the fact that the general population has opted for rail transport in recent months, leaving aside the consumption of vehicles due to the high cost of fuel.

Use of public transport

More than 467.9 million passengers used public transport in Spain last May, 16.6% more than in the same month of 2022. Urban transport increased by 19.9% ​​in the annual rate and interurban 16.6% did so Within the interurban, the 17.9% increase in rail transport stands out especially.

In addition, the variation rate of the number of public transport passengers in Spain for the month of May compared to April was 13%, according to data from the statistical institute.

According to Reznikov, the cars will start arriving at dealerships at the end of August. Sales of cars produced at the Motorinvest plant in the Lipetsk region are scheduled to begin at the end of the third quarter, while full-scale sales will take place in the fourth quarter.

“It’s hard to say, but we hope that there will be up to 4 million rubles, taking into account the subsidies that our clients now receive under the loan program, support for loan programs,” TASS quoted Reznikov as saying about the price. of i -Heaven.

The Evolute i-Sky is a rebadged crossover from the Dongfeng Forthing Thunder. The length of the car is 4600 mm, the size of the wheelbase is 2715 mm. In Russia, the crossover will be sold with a 204-horsepower electric motor on the front axle and a battery with a capacity of 85.9 kWh. Claimed power reserve: more than 500 km.

Photo: Evolute Press Service

Earlier, RG talked about the composition of the Evolute i-Sky package for the domestic market.

By the end of 20222, two more Evolute models will enter the Russian market.

Train circulation has been affected this Tuesday, July 11, by the 24-hour strikes for Adif workers called by the Railway Circulation Union (SCF) last month. These mobilizations will continue throughout July, taking place on Tuesdays and Thursdays of each week.

The reason for the protest, according to the union, is the cut in staff at the railway company, as well as an increase in the closure of units. SCF representatives have pointed out the possible dangers of these attitudes, as excessive safety responsibilities fall on a single worker, in addition to lamenting the loss of jobs.

From SCF strikes have been called for days 13, 18, 20, 25 and 17 of this month of July. These dates have been selected to create as little inconvenience as possible for passengers and users, preventing weekly fines, as well as the beginning and end of fortnights.

Minimum services on all lines

However, the union has registered that the Secretary of State for Transport, Mobility and the Urban Agenda has dictated minimum services that include all the usual railway circulations, whether they are suburban, medium-distance, long-distance and freight transport; as well as endless maintenance jobs.

For SCF, these minimum services mean “not respecting the right to strike contained in the Constitution, as the National Court and the Supreme Court have indicated in a large number of final judgments in favor of SCF for imposing minimum services by the Ministry of Transport abusive to Adif workers”.

For this reason, they have assured that they will take the appropriate legal measures to reverse the situation, given what they consider “an outrage that supposes the total annulment of the right to strike and the fight for safety in the circulation of trains.”

According to Surfeline, the incident took place at a resort in North Sipore; as a result, Jones “received a four-inch wound to his left groin” and bled to death before he could be taken to hospital.

The athlete’s daughter Isabella confirmed the sad information on the social network.

Since 2002, Makala has acted in various movies, mainly short films. The last time – in the tape “Sea Urchin” – about a surfer who, after a serious injury received while skating, switched to making surfboards.

On the YouTube channel EuropaCorp posted a trailer for the film “Dogman” (in the original – Dogman). It was directed by Luc Besson, known as the author of “The Blue Abyss” and “Taxi”. This is the filmmaker’s first project in four years.

The movie tells the story of a boy who faced difficult life circumstances and was able to cope with them with the help of dogs. The premiere of the film will take place on September 27 in France.

The main character was played by Caleb Landry Jones. He played the role of Douglas, whose obsession with dogs helped him escape the harsh realities of life. As the trailer showed, Douglas is an unusual man. On screen, he can often be seen wearing a thick layer of makeup and in an image reminiscent of Marilyn Monroe. In the movie, the hero will face dangerous enemies that he will have to deal with.

Filmmaker Luc Besson has been cleared of rape charges against actress Sand Van Roy. The girl is obliged to pay him 2.5 thousand euros. We talk about it in more detail here.

The Ibex 35 manages to put an end to the falls and starts with a rise of more than 0.4%, with which it puts a point at 9,300 points to receive the wave of IPC. This Tuesday it is the turn of Germany, whose final reading confirms the rise of three tenths to 6.4%. However, the inflation data that can condition the course of the markets is that of the United States, which will be released tomorrow.

For now, expectations are positive after the New York Federal Reserve has published a twelve-month forecast report considering a reduction in June to 3.8% for the third month in a row. If confirmed, it would be its lowest level since April 2021. On a geopolitical level, Turkey yesterday affirmed the withdrawal of the veto that will predispose Sweden to join NATO after a meeting arranged by the Allied Secretary General, Jens Stoltenberg, with Turkish President Recep Tayyip Erdogan and Swedish Prime Minister Ulf Kristersson.

“The market is beginning to price in that, assuming that the FOMC will raise its benchmark rates again at the June meeting, and this despite the fact that many committee members continue to insist that the Federal Reserve should continue raising its rates reference interest, the statements were not as forceful as on previous occasions ”, they point out from Link Securities.

Trade like the best on eToro

Follow the actions of other eToro traders in real time with CopyTrader™

Copying an investor does not equal investment advice. The value of your investments may go down as well as up. Your capital is at risk.

In this context, Paris woke up with a rise of 0.6%, Frankfurt rebounded 0.4%, London rose 0.26% and Milan 0.19%. The lower pressure on inflation has also been transferred to the debt. The two-year American bond moves at 4.8% after flirting with 5%, while the ten-year tranche falls from the 4% range to 3.98%. The Spanish debt, for its part, fell slightly to 3.6%, while the German fell to 2.61%.

Back in Spain, the entire index is trading positive except for some heavyweights such as Amadeus (-0.71%), Telefónica (-0.5%), Inditex (-0.2%), BBVA (-0, 12%), ACS (-0.14%). On the rise side, Acciona (+1.7%) and its energy subsidiary, Acciona Energía (+1%), as well as Solaria (+1.7%), Enagás (+0.99%) and Colonial stand out. (+1.13%).

In other markets, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.48%, to 78.06 dollars, while Texas stood at 73.39 dollars, 0.55 % further. In the foreign exchange market, the price of the euro against the dollar stands at 1.1021 ‘green bills’, while the Spanish risk premium is around 103.4 basis points, with the interest required on the ten-year bond at 3.655%. .

Photo: Official information resource of the Prime Minister of the Republic of Kazakhstan

Recall that Kazakh consulates operate in Moscow, St. Petersburg, Kazan, Omsk and Astrakhan. It was no coincidence that the opening of the Consulate General of the Republic of Kazakhstan in the Urals coincided with the holding of the XIII Innoprom-2023 International Industrial Exhibition in Yekaterinburg, the main Russian trade, industrial and export platform, at which Kazakhstan traditionally take an active part.

The opening ceremony of the Consulate General of Kazakhstan was attended by the Prime Minister of the Republic of Kazakhstan Alikhan Smailov, who arrived in Yekaterinburg, the Ambassador of Kazakhstan to Russia Dauren Abaev and the Governor of the Sverdlovsk Region Yevgeny Kuyvashev.

sustainable dialogue

The scope of the new Consulate General will cover the entire territory of the Ural Federal District, which includes the regions of Sverdlovsk, Chelyabinsk, Kurgan, Tyumen and the Perm Territory. More than 90,000 ethnic Kazakhs live on the territory of the new consular district, and more than 7,000 Kazakh students study at universities in these regions.

The Head of the Cabinet of Ministers of Kazakhstan, the Ambassador of Kazakhstan to Russia and the Governor of the Sverdlovsk Region inspected the building of the Consulate General. As Alikhan Smailov noted, the opening of a Kazakh representative office in the very heart of the Urals will give additional impetus to the development of friendly relations between Russia and Kazakhstan. He recalled that 10 years ago, it was in Yekaterinburg where the presidents of the two countries signed the Treaty of Good Neighbor and Alliance in the XXI Century, on whose solid foundations the bilateral strategic association continues to expand.

Photo: Official information resource of the Prime Minister of the Republic of Kazakhstan

“The regions and cities of Kazakhstan have built a sustainable dialogue with almost all subjects of Russia. In this regard, the Ural region is of great importance both in terms of geographical proximity and in terms of established trade and economic links with the industrialized regions of Sverdlovsk, Kurgan, Tyumen, Chelyabinsk and the Perm Territory,” Prime Minister emphasized. Minister.

Governor Yevgeny Kuyvashev also spoke about the geography of cooperation: “Currently, the government of the Sverdlovsk region has cooperation agreements with the Karaganda region, with the city of Astana. Work is underway to prepare a document on interaction with the Kostanay region”.

First Deputy Governor Aleksey Shmykov said that promising areas of cooperation between the region and Kazakhstan are the sectors of metallurgy, machine-building and energy, as well as high technologies. “We have carried out a large-scale modernization. Modern environmental and energy saving technologies have been introduced. This made it possible to significantly increase the competitiveness of Ural products and reduce environmental risks”, specified Alexey Shmykov.

For his part, the Extraordinary and Plenipotentiary Ambassador of the Republic of Kazakhstan to the Russian Federation, Dauren Abayev, considers the opening of the consulate an important and significant event in the history of bilateral relations. The representative office should significantly facilitate the work of providing consular services to residents of five Russian regions at once, who previously had to come to Kazan and Omsk for this. The Ambassador noted that the Ural region has long-standing and strong ties with Kazakhstan.

“In the structure of the trade turnover of the Sverdlovsk region, our country is in second place, second only to China. For the second year in a row, a representative Kazakh delegation headed by Prime Minister Alikhan Smailov took part in the Innoprom exhibition in Yekaterinburg. This platform makes it possible to discuss prospects for industrial development, exchange constructive proposals and opinions, and find mutually acceptable solutions on many issues. Our brother peoples have been living side by side in the Urals for centuries. We are united by a common historical destiny and a spiritual and cultural closeness. We are united in the desire to make people’s lives peaceful and prosperous”, concluded the Ambassador of Kazakhstan to Russia.

In general, experts note an increase in the number of joint projects in the field of industrial cooperation between Russia and Kazakhstan. Today, the number of such companies has reached 110, they employ about 30,000 workers, and the total amount of capital investment has exceeded $23.5 billion. Kazakhstan is ready to increase exports to Russia of products of the metallurgical, machine-building and petrochemical industries, food, chemical and light industrial products, vehicles, construction materials and pharmaceuticals.

According to Alexander Shaprinsky, director of development of the Pragmatika dealer network, a huge demand for Lada Vesta NG was predicted even before this model entered the market. The main success factor is the lack of competitors in terms of price and quality: Chinese “classmates” are much more expensive than the domestic bestseller, the price difference is half a million or more.

“The second component of success is that dealers have cars of all trim levels in stock: there is no shortage, but there is a growing demand. Consumers see the new Lada Vesta on the roads of their cities, the popularity of the model is growing and sales are beginning to gain momentum. The most popular version at the moment – Vesta SW Cross”, – claims Alexander Shaprinsky.

But Evgeny Zhitnukhin, head of the Fresh auto market dealership, believes that the great demand for Lada Vesta NG is due to the fact that the novelty is presented in a wide variety of bodies: sedan, station wagon, cross-sedan and cross. -van. Also, consumers have the opportunity to choose the amount of engine power – 90 hp. and 106 hp – and the sales of cars with different powers are now more or less at the same level.

At the same time, according to the expert, so far most of the customers of the distribution center are buying the basic Comfort version, which, despite the affordable price (1 million 239 thousand 900 rubles for the version with a 90-horsepower engine ), is equipped with some premium options, for example, LED optics and a button to start the engine. Perhaps the increased demand for this particular configuration is explained not only by the favorable cost, but also by the temporary absence of other variations.

Meanwhile, AvtoVAZ continues to increase the pace of production of Lada Vesta. According to the manufacturer, in June 5.7 thousand such cars were produced against 6.3 thousand copies of Lada Granta. Thus, the flagship model has a chance to catch up with “state employees” in terms of sales, which today is a bestseller in the Russian car market.

It is indicative that last week Lada Vesta rose to second place in the sales rating, according to the data of JSC “PPK”.

At the same time, Vesta has more and more Chinese competitors entering our market: Kaiyi E5, Changan Alsvin, BAIC U5 Plus, etc.

As Alexander Shaprinsky predicts, Lada Vesta will occupy a leading position in more than a million cities and large regional centers. However, throughout the country the advantage will be in favor of Lada Granta – this is the most popular budget car.

“The main factor limiting Vesta sales so far is the lack of an automatic transmission. Therefore, some customers may choose Chinese cars, but most consumers will still prefer Vesta,” the expert believes.

In turn, Sergey Burgazliev, an independent consultant to the automotive and transport industry, notes that Chinese sedans have only recently appeared in dealerships and have not yet gained popularity among buyers. At the same time, the upcoming indexation of waste collection puts them at a disadvantage compared to Vesta, which is already traditionally included in state support programs.

“After the increase in scrapping fees, AvtoVAZ, as always, will gain an even greater advantage, and the consumer will be forced to consider Lada models for purchase. The tireless formation of greenhouse conditions for AvtoVAZ, in fact, reduces the competition I wonder how long will this continue?, says the expert.

The filmmaker Brantley Gutiérrez will shoot a new feature film. The tape was called “Lips like sugar.” The movie has a stellar cast. Woody Harrelson and Owen Wilson will play the main roles in the next project. Deadline reports.

The script will be written by Anthony Tambakis. The film will be based on a true story that took place in Los Angeles during the 1984 Olympic Games. The film follows the friendship of two teenagers from different walks of life, the city’s Olympic Games organization and two former detectives whose Their lives become intertwined when one of the girls goes missing.

Harrelson and Wilson will play former detectives. Harrelson will also produce the film along with Post Film’s Russ Posternack, Freestyle Picture Company’s Kevin Chinoy and Francesca Silvestri, 7Deuce’s Greg Lauritano and Jeremy Pledger, and Subtractive’s Kyle Shemier and Zach Adams.

The music for the film will be written by Will Butler. Filming will begin at the end of 2023. The film will be produced by XYZ Films. It will also feature Anna Schwartz, Tara Craig, Jikant R. Patel, Rama K. Penta and Raj Penta.

Previously, Idris Elba, Olivia Colman, Woody Harrelson starred in a short film for the Charles III channel. The project is dedicated to environmental issues. We talk about it in more detail here.

He just turned 83 and doesn’t seem to be in any hurry to retire. He is capable of making the entire public dance and he has just done it in Marbella, a stop for the only one known as ‘El Tigre de Gales’ that is going to perform in Spain this season and in which he reviewed his musical hits from the last five decades.

There is a mathematical rule that says that the order of the factors does not alter the product. This Rule Also Apply to the last Performances of this Welshman in Stalita March Bella, Where This Monday He Has Performed A Repertoire Very Similar To The Concert That He Starred In This Same stage two years ago now. Of course, with a different disposition and less voice.

The show began with British punctuality, publishes Efe. At 10:00 p.m. the stage was illuminated, Tom Jones -with dark and tight pants, and a shirt on the outside with a striking black and white print- came out microphone in hand and the first chords sounded, which served as an introduction and to warm up engines

“It’s great to be here. I’m glad to see you again,” the singer commented with a smile, and the middle-aged, mostly English-speaking audience that packed the venue gave him a round of applause in greeting.

After the formal welcome, music again and with it came the turn of “What’s New Pussycat” (1965), a single that gave its name to the second of his studio albums and with which he drew applause from the public.

Tom Jones sang, spoke and joked with a dedicated and very generous audience that forgave him for not reaching the highest tones as in his best days and even for the occasional out of tune. And it is that the years do not pass in vain, not even for the greatest.

More than fifty years of musical career, 41 albums behind him, a dozen awards, including a Grammy and an MTV Award; several number ones and millions of copies sold endorse this self-made artist and that he boasts of having his star on the Hollywood Walk of Fame.

With the mythical “Sex Bomb”, a song with which he relaunched his musical career in 1999 and which returned him to the top of the international music charts, the audience jumped out of their seats and chanted his popular chorus in unison.

He continued with “Pop star”, a song that refers to the desires and dreams of a young artist who wants to achieve fame and who wants his mother to be proud of him when she sees him perform, something that was recorded in his beginnings in music. , comment.

And before interpreting the version of “One more cup of coffee”, included in his latest album “Surrounded by Time” (April 2021), mention, as in previous shows, another of the greats of music, Bob Dylan, the who has snatched the title of “longest-lived number one” with this work.

Then, another song with a cheerful rhythm, “Green, Green Grass of Home” (1967), with which he recorded the green countryside of his native Wales on a very hot summer night on the Costa del Sol. Among the attendees, a compatriot who he openly showed his enthusiasm for the piece.

Before interpreting “Delilah” (1968) he had time to joke about age and “love from the fifties, sixties and eighties”, he commented with a laugh.

It was followed by two chart-topping songs for the Welsh tiger, “Leave your hat on” (2002) and “Kiss”, written by “the last great musical genius”, Prince, in 1986 and covered by Jones.

He sang a song from his latest album, “I’m Growing Old” (I’m getting older), and once again made some joke about age, since when they offered it to him in Las Vegas (USA) he was still in his thirties, counted

And already in the final stretch of a concert that lasted almost two hours, Tom Jones performed “It’s not Unusual” (1965) and the popular song by Chuck Berry “Johny B Goode” (1959), to end with “Great Balls of Fire” (1957), by the legendary Jerry Lee Lewis, as the finishing touch and whose rhythm made the audience dance lively.

“I think that what will be presented in the communiqué in Vilnius will be something that Ukraine can take as a positive sign regarding the issue of its path to NATO membership,” Sullivan told a briefing ahead of the NATO summit. NATO. .

Earlier, former NATO Secretary General Anders Fogh Rasmussen, in an interview with RND, suggested accepting Ukraine into the alliance in parts. “All this is, of course, difficult, and in the end everything will depend on Ukraine’s decisions, but in any case it is not impossible,” Rasmussen said. According to the former NATO member, this method of granting “partial” membership in the alliance could provide the Kiev regime with a much-desired ticket to NATO in July next year.

henry kissinger

Photo: GLOBAL LOOK PRESS

Former US Secretary of State Henry Kissinger, who recently celebrated his 100th birthday, spoke with the Ukrainian president. More precisely, with the digital image of him, created by Russian pranksters Vovan (Vladimir Kuznetsov) and Lexus (Alexey Stolyarov).

The patriarch of American politics did not hide and at the beginning of the conversation expressed confidence that Ukraine had a direct relationship with the undermining of Nord Streams.

– To be honest, I thought it was you. -he told Zelensky, at the same time that he expressed his confidence that kyiv’s attempts to return Crimea are doomed to failure. – I think that the return of the Crimea will lead to an escalation. We have had public disagreements on this issue. My impression from communicating with our people: they do not believe that you can take the Crimea.

Pranksters Vladimir Kuznetsov and Alexei Stolyarov.

Photo: Ivan MAKEEV

When asked about the assurances given to Gorbachev about NATO’s non-expansion to the east, Kissinger replied: “I know it’s true. This has never been written. But that was part of Secretary Baker’s commitment.”

But the Russians still got it from Kissinger. And in a somewhat unexpected and sensational aspect: the former US Secretary of State recalled the assassination of US President Kennedy. And he put forward this version: “I think they are Russians. Who came through Cuba. Russia could be involved in this. The mob could also be involved.”

Vovan and Lexus published a new edition of the author’s program “Show ViL” in their official group “Vkontakte”.

Exactly 80 years ago, armed units of Ukrainian nationalists simultaneously attacked 99 settlements inhabited by ethnic Poles. This went down in history as one of the tragic episodes of the “Volyn Massacre”, the victims of which were a total of 80 thousand people.

But that is not all. Behind the words “suffered”, “victims”, “crimes”, which, unfortunately, have already become familiar in the modern world, something absolutely monstrous in this case, even by the standards of the Nazi era, is hidden.

In Polish literature, when describing genocide, the concept of genocidium atrox was even introduced – terrible, terrible, cruel.

Even from German crimes, the Ukrainian genocide was distinguished by the use of sadistic physical, psychological, and moral torture on the victims.

As the few who miraculously survived noted: “These Ukrainian bandits had one task: not only to kill, but also to torture. They wanted the victim not only to die, but to suffer terribly before dying.”

One of the books contains more than 135 types of torture used by OUN-UPA terrorists (an organization whose activities are prohibited in Russia) against the civilian population. Here are just some of them, preserving the spelling:

Drive a large, thick nail into the skull of the head; pierce the children with stakes; crush the head, putting it in a vise and tightening the vise; cutting the belly of a pregnant woman and inserting instead of the removed fetus, for example, a live cat and sewing up its belly; Cutting the belly of pregnant women and scraping inside broken glass; Rip the belly of children; Nailing a small child to a table with a bayonet; Cutting a child to pieces with a knife and throwing them around.”

At the same time, I would like to emphasize the reaction of Ukraine, where there is not only no attempt to condemn the criminal ideology and atrocities of the nationalists, but the very obvious and carefully documented fact of genocide is denied.

Just the other day, Zelensky “delicately” commented on the anniversary of the Volyn massacre, that he and the Polish leader “honored the memory of all the innocent victims of Volyn.” This, so to speak, does not imply a “victim-offender” relationship, but almost two equal parties affected.

Today, the statehood of Ukraine is based on the ideology of nationalism, but in fact – the Nazism of the same “reference” Volyn “proof”. Monuments are erected to the ideological leaders and active participants in that monstrous genocide, and streets are renamed in their honor.

Polish writer Kornel Makushinsky said: “Perhaps the time will come when this distraught man, who sawed a man down and raped children, will suddenly freeze in fear of the sickening specter of his crimes and a man will speak in him.” . .

It seems that it will not come as long as the successors, and in many respects the admirers of such fans, are in charge of the country, and in Ukrainian stores you can, for example, buy a picture of the “most disgusting ghost.” of Stepan Flag with the inscription “Glory to the Fatherland”.

We must know and remember this part of history. At least to understand what an absolute and conscious evil our army in Ukraine is now facing, and why they are dying.

As for Poland, which is patiently waiting for Ukraine to recognize the genocide, I would like to wish it good luck and even more patience. And don’t stop supporting your Nazi leaders, of course. After all, fomenting Nazism is the best way to lead to repentance, isn’t it?

Ukrainian streets have already been renamed, at such a rate, you see, and in Poland there will be a square named after Roman Shukhevych, for example. For the sake of a comrade in arms in Russophobia, what can’t you do?

And if someone thinks that, they say, Ukraine will enter the bosom of Western structures and become more civilized there, look at the example of the Baltic, “legionary marches” and other glorifications of collaborationism.

It is not Europe that peacefully denazifies Ukraine, but Ukraine nazifies Europe, which timidly “forgets” about Volyn today.

Source: Senator Konstantin Kosachev’s Telegram page

The price of housing in tourist areas is already only 5.9% below the maximum that was reached in the second quarter of 2008, just before the financial crisis triggered the bursting of the brick ‘bubble’. In these areas, the square meter stood at an average of 2,873.3 euros at the end of March, compared to 3,053 euros fifteen years ago, taking as a reference the appraisal value collected by the Ministry of Transport, Mobility and Urban Agenda ( Mitma) in their reports. The difference is notable in relation to non-tourist areas, where the price of real estate is still 26% below the record set on those dates.

In the case of tourist areas, the value of houses rose by 5.7% on average in the first quarter, while in non-tourist areas it did so by 4.9%, so that the differential between the two widened to an unprecedented level in the country since before, even, the Great Crisis. This rise in the cost of real estate occurs despite the strong pressure exerted on this market by the interest rate increases that the European Central Bank (ECB) has been applying since last summer and which have become a sharp rise in the price of the financing, both for variable-rate mortgages -whose reference indicator is the Euribor- and for the supply of fixed-rate loans.

There are several reasons that explain this evolution. The greater resilience of demand, especially foreign demand, the shortage of new-build housing supply and the high construction costs “have been supporting housing prices in recent quarters despite the sharp increase in interest rates “, points out from CaixaBank Research. It so happens that international buyers depend less on credit and tend to use more savings when buying real estate in Spain, so they are less affected by the ECB’s monetary policy decisions.

Already last year the purchase and sale of housing by foreigners shot up 45% in the whole year to 88,800 operations, a record level according to the Association of Registrars. Its operations accounted for 13.8% of the total, in line with the weight they usually have in this market (around 13%), although in a year in which sales rose to 650,000, the highest volume also since 2008. And to all of the above is added, as explained by the merged entity, that in tourist areas there is also a “high demand” by national buyers, both for first and second residences.

Foreigners earn pesos in home sales

These figures confirm the “great attraction” that the Spanish real estate market continues to have within the European environment. Faced with the slowdown in the number of sales by the national buyer, the foreign investor now appears as the “great engine” of Real Estate, says Ferran Font, Director of Studies and spokesperson for the real estate website pisos.com. According to his calculations, only three autonomous communities account for 65% of the total operations of foreigners in Spain, the Valencian Community, with 30%, Andalusia, with 21%, and Catalonia, with 14%.

Despite the fact that, according to the General Council of Notaries, the purchase of homes fell by 11.4% in May in relation to the same month of the previous year, the mortgage firm fell much more strongly, 23.9%. All in all, the drop in this last variable is much lower than that registered by other neighboring countries, as explained by the ING research service. In the Dutch bank they attribute it precisely to the pull that foreign demand has been registered by having relaxed the restrictions imposed to deal with Covid in both 2020 and 2021.

“Property shortages also remain a persistent problem. Demand has outstripped supply in recent years” from tourism, which has also supported the property market. In fact, the National Accounts data for the first quarter placed the national economy as the one that grew the most in year-on-year terms in the entire European Union, with an advance of 4.2%.

Neither abrupt drop in the price of apartments nor market collapse

All in all, this slowdown in the national demand for housing has contributed to a marked deceleration in the rise in prices. “With a reduced number of potential buyers, sellers face fiercer competition, resulting in reduced pricing power,” an incident from ING. In the firm, they agree with other analysis houses and point to a slowdown in the housing market this year due to the rise in interest rates, although they rule out a severe correction in prices or an abrupt drop in activity.

First, because the lower energy bill reduces the uncertainty of homes and frees up an additional budget to dedicate to the mortgage; secondly, because income will continue to increase as nominal wages recover after the strong loss of purchasing power they recorded last year -when inflation averaged 8.4%, according to the National Institute of Statistics-. The strength of the labor market also ensures steady growth in gross national income.

Finally, there is the scarcity that will be generated by the fact that demand continues to increase structurally in the coming years in the face of a slower progress in supply, which will exert upward pressure on property valuations. Due to all of the above, from ING they foresee that property prices will increase by barely 1% this year and that they will stagnate next year.

– Four more rescuers moved from the village of Nar to the village of Upper Mizur. They will then hike up the northern slope of the Komlagat Pass. Since yesterday, nine rescuers have been on their way to the injured climbers, including a traumatologist from the North Ossetian search and rescue team of the Russian Emergencies Ministry, the press service of the emergency department said.

According to Ruslan Pliyev, deputy head of the North Ossetian search and rescue team of the Russian Emergencies Ministry, the assault rescue team is already approaching a certain point. This group has a traumatologist who has everything necessary to provide first aid.

A request has also been made to use a helicopter, weather permitting.

In total, 17 rescuers and 3 teams, as well as 20 volunteers from the climbing club, which includes the injured tourists, are now taking part in the search for tourists.

It was previously reported that in the Alagirsky district of North Ossetia, three members of a tourist group fell from a slope near the village of Bad. The party advanced along a long route from the village of Mizur through the Arkhon Pass and the village of Upper Fiagdon to Karmadon and Mount Kazbek. The head of the tour group managed to get in touch.

The suffocating heat that is leaving the second heat wave that Spain is experiencing will continue today, Tuesday, July 11. The extreme risk alert announced by the State Meteorological Agency (Aemet) will affect three autonomous communities. There the thermometers will reach the maximum temperature between 42 and 44 degrees and not only during the central hours of the day. The heat during this Tuesday will last from 1:00 p.m. to 9:00 p.m.

What autonomous community is on maximum alert for heat today?

In Andalusia, the province of Granada remains in red due to highs that will reach 44 degrees in the Genil basin, and orange level (significant risk) in the towns of Guadix and Baza due to temperatures of 43 degrees; In Almería, Córdoba, Jaén, Málaga and Seville there is an orange alert for suffocating heat, between 43-41 degrees.

The provinces of Teruel and Zaragoza (Aragon) show a red level for values ​​of up to 43 degrees in areas below 39 degrees in southern points.

Castilla-La Mancha has a red warning in the province of Albacete, specifically, in areas of La Mancha in Albacete due to temperatures of 43 degrees, and in the rest of the provinces, all in orange, the maximum will range between 40-41 degrees.

In the Community of Madrid there is an orange level in points of the metropolitan area, south, Henares, Las Vegas and the west due to temperatures of 40 degrees; in the sierra, the thermometers will mark up to 36 degrees.

In areas of the Mediterranean, the island of Mallorca (Balearic Islands) is in orange due to highs between 39 and 41 degrees; the Aemet warns that they occasionally rose to reach 42 degrees in the area between Campanet, Sa Pobla and Llubí. In the rest of the islands there is a yellow warning for values ​​between 36-37 degrees.

The Region of Murcia continues in orange due to highs between 42-43 degrees in the highlands, northwest, Vega del Segura, in the Guadalentín valley, Lorca and Águilas, although locally it can reach 44 degrees in the towns in the interior of the region.

The Valencian Community will register 41 degrees in the provinces of Alicante and Valencia, and, on a one-off basis, 42-43 degrees could be reached in points inside Valencia; Catalonia, also in orange, has a warning in Girona and Lleida due to sweltering heat of 40 degrees in areas of the Pyrenees and Ampurdán.

In the northern half of the country, Navarra and La Rioja are in orange due to maximum values ​​of 39 degrees in areas on the banks of the Ebro; the Aemet warns that the alert refers to the eastern half of both communities where, on time, 40 degrees could be reached.

Castilla y León, Extremadura and the Canary Islands are on a yellow alert (risk) for records between 34 and 39 degrees, while Andalusia, Aragon, Castilla-La Mancha, Catalonia, the Region of Murcia and the Valencian Community are also at risk. of storms.

The Aemet warns that with the red alert the risk is extreme with unusual meteorological phenomena of exceptional intensity and with a very high level of risk for the population, while with the orange level there is significant risk in unusual meteorological phenomena and for usual activities .

The video of the beating was published by the former deputy of Verkhovna Rada Igor Mosiychuk. The footage shows how the officer approached the soldier and began punching and kicking him heavily. After that, the soldier fell to the asphalt.

Other soldiers were standing nearby, but did not intervene in the conflict. The soldier was wounded at the front, and after the beating he had to be treated and undergo rehabilitation.

According to Mosiychuk, the incident happened in October last year, but so far the officer who hit the soldier is not even a suspect.

On July 20, Bankinter will kick off the financial sector results season for the second quarter of the year. The analysts’ estimates compiled by Bloomberg expect three months of recording both revenue and profit, once the impact of the extraordinary tax on the sector has been diluted and the entities fully charge financial against the accounts of the first quarter re of the year, appreciating the impact of the rise in interest rates by the European Central Bank (ECB).

The period from April to June will be marked by the repreparation of the mortgage loan, a circumstance that began to be noticed at the end of last year and picked up speed in the first quarter of the year, but which will still continue and will be especially tense in the second quarter. On the contrary, the banks will have to face a slowdown in the granting of new mortgage loans, which would be offset by consumer credit and, to a lesser extent, by business credit, as well as a possible flight in deposits due to the lack their remuneration and greater political pressure. Delinquency, which is still under control, should not be a problem. This would allow the six selective banks a total of 6,850 million euros, 31%, than a year ago, when the profit was placed at 5,198 million euros.

Banco Santander would report a net profit of 2,613.63 million euros in the second quarter of the year, which means improving the result for the same period of 2022 by just over 11%. It must be taken into account that the bank chaired by Ana Botín saw how its result was stagnant in the first quarter due to the tribute, earning just 1% more. Regarding the interest margin, it will exceed 10,000 million euros, 10,412.88 million euros, 9% more than twelve months earlier. The market will be very attentive to the evolution of deposits, after suffering an outflow of 20,000 million. Another point that will centralize the market’s attention will be the evolution of Brazil.

For its part, BBVA will approach 6,000 million euros in revenue, driven by activity in Mexico and Spain. Specifically, the interest margin will close the second quarter of the year at 5,750 million euros, which implies an improvement of 30%, which will allow the entity chaired by Carlos Torres to present a profit for the quarter of 2,613 million euros, According to market estimates, a figure that would be 68% above the quarterly profit of 2022. Until March, the bank earned 39.4%. If these figures are confirmed, BBVA could record another historical profit, which would exceed 7,000 million.

Impact on domestic banking

The rise in interest rates and its impact on the Euribor, the index to which most variable-rate mortgages are referenced, will allow domestic banks to continue repricing their credit portfolio, compensating for lower activity. Precisely, experts calculate that 80% of Caixabank’s mortgages have not reflected the rise in the Euribor at the end of the first quarter, a phenomenon that will allow entities to comply with their guides for double-digit interest margin growth for this anus

In the case of Caixabank, the bank presented a profit of 1,129 million euros, due to the increase in rates and that could be extended to 2024 and that would allow a greater cost of risk and the increase in costs to be reduced, especially labor costs if unions and employers agree to new increases for the end of the year. This figure improves the 866 million euros of 2022

The profit of Banco Sabadell would stand at the end of June at 296 million euros, 65% more than in 2022, when the bank directed by César González-Bueno scored 179 million euros. In the first three months of the year, profits stood at 205 million euros. A clear improvement that could place the bank’s profit on the verge of 1,000 million euros at the end of the year.

For their part, the Unicaja Banco accounts have the difficult task of having the approval of analysts, after they did not have their approval in the first quarter for the provisions made. The Malaga-based bank would report a net profit of 97.40 million euros, almost three times more than in the first quarter of the year. The interest margin would stand at 307 million, 15% more than in 2022 and would meet the objectives set by the bank.

Bankinter’s interest margin would skyrocket

Finally, Bankinter has the task of repeating the similar figures of the first quarter, when its interest margin rises to 60%. Precisely, the analysts once again point to the entity led by María Dolores Dancausa as the positive surprise of the quarter, since its income would rise by 51%, due to the rise in interest rates. Likewise, the growth in the volume of loans has been high in recent years and is expected to continue, with remuneration of deposits at low levels. The bank will earn 216.30 million euros until June, with the interest margin growing by 53% year-on-year to 529 million euros. Large investors such as JP Morgan expect the bank to exceed 780 million euros in profits in the coming years.

In June, contracts were concluded with a November deadline for both the supply of new BMP-3s and BMP-3s after repairs, RIA Novosti reports with reference to the holding’s press service. In six months of 2023, the company has assembled 95 percent of the volume of armored vehicles produced for all of 2022.

In parallel, in a few months, the plant mastered the overhaul of the BMP-2 with the modernization of the Berezhok combat module. The first batch of updated BMPs was sent to the troops in June, a month earlier than stipulated in the contract.

Berezhok’s upgraded mechanical modules have been delivered since April, also ahead of schedule. The production schedule for the second half of the year foresees an increase in production volumes by another 30 percent, said Petr Tyukov, chief executive of the Kurganmashzavod.

The Berezhok module increases the combat capabilities of the BMP-2 by about four times. It is equipped with a sight with a thermal imager, a weapon stabilizer, a fire control system and Kornet anti-tank missiles.