Wifo sees a drop in exports of at least 12 percent this year

The economic research institute (Wifo) sees an export slump of at least 12 percent for this year. Extensive monetary and fiscal policy measures are necessary to stabilize companies, for example in research funding. In terms of economic policy, the most urgent need for action lies in the training of academic and non-academic specialists.

Structural policy measures to diversify exports and increase resilience are also necessary. “That means an intelligent interlinking of technology policy and export promotion with the aim of technological and geographical diversification of the export portfolio”, write the two Wifo scientists Andreas Reinstaller and Klaus Friesenbichler. “Economic policy starting points are a strategic location policy, the strengthening of the competence base, the promotion of the resilience of the export economy or the use of the service trade in the production of goods.”

The long-term study of domestic exports of goods on which the latest analysis is based shows that, after a strongly expansionary phase between 2000 and 2008, after the financial and economic crisis, they lost market share and unique selling points in global trade by 2010. Exporters are therefore concentrating more and more on exports in which there are strong specialization advantages – while the intensity of competition has increased steadily.

The current economic crisis is now showing effects of unprecedented proportions, which are also affecting foreign trade and are likely to accelerate and deepen the unfavorable development of the Austrian export economy as a result of the financial market and economic crisis of 2008/09, according to the Wifo scientists. Immediate consequences are still difficult to assess for the time being.

In a special Wifo survey on uncertainty and corporate strategies, almost three quarters of industrial companies report that they fear possible supply bottlenecks and a break in the value chain. A good third believe that global trade is a source of uncertainty. The special survey on the reaction of Austrian companies to the Covid-19 pandemic as part of the Wifo business tests from April, May and August 2020 also provided further alarming insights. This shows a precarious liquidity of the companies, which eased in August.

In May 2020, Austrian exports of goods fell by 25.5 percent compared to the previous month. The decline for this year was still forecast to be between 12 and 22 percent in the first quarter. The monthly development currently suggests that the value will be at the lower end of this range.

In a special Wifo survey on uncertainty and corporate strategies, almost three quarters of industrial companies report that they fear possible supply bottlenecks and a break in the value chain. A good third believe that global trade is a source of uncertainty.

What to do? For companies in the production of goods, R&D, cooperation with other companies and the (further) development of human capital are the most important starting points, write the Wifo experts. The most urgent need for action lies in the training of academic and non-academic specialists. The current focus of the foreign trade strategy on dual training should be expanded.

In addition, research funding should pay more attention to the targeted funding of projects that aim to link fields of technology in new fields of application. New markets would also have to be established. However, Austrian companies see themselves at a disadvantage compared to the competition, especially in the areas of marketing and sales. Above all, the development of market-specific skills should therefore be supported.

Among many other points, service exports should also be strengthened and promoted. Attention should also be paid to non-technological innovations in funding priorities. This is where unique selling points arise and customers can be retained, according to Reinstaller and Friesenbichler.

The Federation of Industry (IV) sees an opportunity in the implementation of the EU’s controversial trade pact with the Mercosur countries. This is to be issued by the EU Commission to the member states in their national languages ​​in autumn. Here the industrialists hope for movement.

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Trump called Abe the greatest prime minister :: Politics :: RBC

Shinzo Abe

(Фото: Franck Robichon / Getty Images)

US leader Donald Trump, speaking with Shinzo Abe, praised his work and called him the greatest prime minister in the history of Japan. About it wrote on Twitter, Deputy White House Press Secretary Judd Deere.

“The President said that Prime Minister Abe has done a fantastic job and that relations between the United States and Japan are better today than ever,” he said.

According to the deputy press secretary, both politicians said they hope to continue their “wonderful friendship” in the future.


Japanese Prime Minister Shinzo Abe resigns


Shinzo Abe

how writes Sankei Shimbun, Trump and Abe spoke on the phone. The latter also thanked the US President for strengthening Japanese-American relations.

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Gref responded to Mikhalkov’s accusations of Besogon :: Society :: RBC

Mikhalkov in several issues of his Besogon program mentioned German Gref and accused him of trying to ruin his education. The director quoted a fragment of a speech by the head of Sberbank in 2012, where he criticized democracy

Herman Gref

(Photo: Maxim Shemetov / Reuters)

Words criticizing democracy and majority power, which director Nikita Mikhalkov quoted in his Besogon program, are a phrase taken out of context, Sberbank CEO German Gref said in an interview with TASS. In his opinion, he either made a mistake or consciously tried to manipulate the audience.

In the Besogon program, Mikhalkov quoted a fragment of Gref’s speech at SPIEF 2012. According to him, he criticized democracy and spoke out that it is impossible to manage a society where everyone has equal access to information.

Gref recalled that he was the moderator of that panel and a provocative remark only tried to revive the discussion. “The panel called“ Breaking the Management Deadlock: Wisdom of the Crowd or Authoritarian Genius? ”Was called. What to do in a situation when the asymmetry of information ceased to exist as a fact? All panelists began to actively support the democratic model. I realized that the event breaks down: there is no discussion. This was my provocation panel, I acted as a moderator. And the replica, called to revive the conversation, was taken out of context and presented as my point of view, which, of course, is absolutely not correct, ”he explained.

At the 2012 SPIEF panel, Gref said: “You say terrible things. You propose that power be transferred to the hands of the population … Any mass government implies an element of manipulation ”(quote from RIA Novosti). At the same time, in concluding his speech, he emphasized that Sberbank intends to actively use crowdsourcing technology. Commenting on the discussion caused by his own words, Gref in 2012 advised commentators to be critical of them. “Is it really possible for an intelligent person to not understand that the role of a moderator involves provocative remarks that fuel the discussion? Guys, well, you need to have at least a drop of sense of humor! ” He said.

In an interview with TASS, the head of Sberbank again emphasized that “the government should be sensitive to people” and there is no alternative to attracting citizens to management. “I am surprised that Nikita Sergeevich [Михалков], a great professional, did not look at that record and pulled out a quote; or understood that this was not my speech, but a provocation of the moderator of the panel session. Then it’s a manipulation and I don’t understand its purpose, ”he concluded.

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Mississippi announces possible flag change due to protests :: Society :: RBC

Mississippi Governor Tate Reeves said he was ready to change the state flag amid protests against racism in the United States. He wrote about this on Twitter.

“For several days, lawmakers cannot break the deadlock when discussing the new flag. The discussion on the 1894 flag is as controversial as the flag itself. It’s time to put an end to her. I’m ready to sign the bill if they send it to me on the weekend, ”Reeves wrote.

The Mississippi flag is the only state flag in the United States to display Confederate symbols – a blue cross with stars. The Confederate States (Southerners-slave owners) were opponents of the northerners in the Civil War of 1861-1865, one of the reasons for which was the policy of the non-proliferation of slavery in the country.

Travelers and Confederates: whose monuments are demolished in the USA and Europe

The governor made such a statement amid ongoing protests in the United States caused by the death of African American George Floyd in Minneapolis on May 25. The man died in the hospital after being detained by a policeman who, for almost nine minutes, used a choke to him.

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In Komi extended the regime of restrictions due to coronavirus until July 14 :: Society :: RBC

The restriction regime introduced in the Komi Republic due to the coronavirus pandemic will be extended until July 14. This was announced by the interim head of the region Vladimir Uyba. His appeal is posted in the official group of the region on the VKontakte social network.

“Today I held a meeting of the republican headquarters for coronavirus. We analyzed the situation, there was a very heated discussion. Despite the fact that a decision was made to extend the restriction regime until July 14, we introduced a number of laxative measures, ”Uyba said.

According to the head of the region, the possibility of resuming the work of public catering organizations was discussed subject to strict compliance with all sanitary standards.

In addition, it is planned to open children’s labor camps for schoolchildren in the republic, as well as to resume professional retraining of the unemployed.

“We will also allow conducting preventive examinations of children in medical institutions, with the exception of Vorkuta and Usinsk, and providing routine medical care on an outpatient basis,” Uyba noted.

The head of the region also added that dental offices will work.

On May 14, residents of Komi were allowed to go for walks and play sports outdoors, but no more than two in a row.

Coronavirus pandemic. The most relevant on June 28

According to the latest data from the Coronavirus Control Headquarters, 3,173 cases of infections were detected in Komi. 1501 recovered, 30 people died.

Coronavirus

Russia Moscow World

0 (per day)

Recovered

0

0 (per day)

Infected

0

0 (per day)

Died

0 (per day)

Recovered

0

0 (per day)

Infected

0

0 (per day)

Died

0 (per day)

Recovered

0

0 (per day)

Infected

0

0 (per day)

Died

Source: JHU,
federal and regional
anti-virus operations

Source: JHU, federal and regional anti-virus operations

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In Komi extended the regime of restrictions due to coronavirus until July 14 :: Society :: RBC

The restriction regime introduced in the Komi Republic due to the coronavirus pandemic will be extended until July 14. This was announced by the interim head of the region Vladimir Uyba. His appeal is posted in the official group of the region on the VKontakte social network.

“Today I held a meeting of the republican headquarters for coronavirus. We analyzed the situation, there was a very heated discussion. Despite the fact that a decision was made to extend the restriction regime until July 14, we introduced a number of laxative measures, ”Uyba said.

According to the head of the region, the possibility of resuming the work of public catering organizations was discussed subject to strict compliance with all sanitary standards.

In addition, it is planned to open children’s labor camps for schoolchildren in the republic, as well as to resume professional retraining of the unemployed.

“We will also allow conducting preventive examinations of children in medical institutions, with the exception of Vorkuta and Usinsk, and providing routine medical care on an outpatient basis,” Uyba noted.

The head of the region also added that dental offices will work.

On May 14, residents of Komi were allowed to go for walks and play sports outdoors, but no more than two in a row.

Coronavirus pandemic. The most relevant on June 28

According to the latest data from the Coronavirus Control Headquarters, 3,173 cases of infections were detected in Komi. 1501 recovered, 30 people died.

Coronavirus

Russia Moscow World

0 (per day)

Recovered

0

0 (per day)

Infected

0

0 (per day)

Died

0 (per day)

Recovered

0

0 (per day)

Infected

0

0 (per day)

Died

0 (per day)

Recovered

0

0 (per day)

Infected

0

0 (per day)

Died

Source: JHU,
federal and regional
anti-virus operations

Source: JHU, federal and regional anti-virus operations

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The state Department said about the presence of Russian project “the separation” NATO :: Policy :: RBC

The United States believes that Russia has a project to split NATO. This idea is representative of the country’s arms control expressed in response to a tweet with the words Maria Zakharova on the destabilizing activity of NATO in the EU

Marshall Billingsley

(Photo: Hussein Malla / AP)

Russia is a “parallel project”, trying to divide NATO. About this in his Twitter wrote to the special representative of the U.S. arms control Marshall Billingsley.

This message he added to reticu post of the Russian foreign Ministry with the words of his official spokesman Maria Zakharova. “At the meeting in Vienna, Russia participated in the discussion of the destabilizing effects of military activity of NATO in Europe, emphasizing the end “mission on the exchange of nuclear weapons” and the withdrawal of US nuclear weapons from European countries,” — said in a tweet the Ministry of foreign Affairs.

Arguing about Moscow’s attempt to split NATO, Billingsley said that “this will not happen”. “Russia should concentrate on real things: secret extensions [оружия] China,” added the special representative of the United States.

The United States proposed to include in the new Treaty, the nuclear arsenals of Russia and China

Marshall Billingsley

Negotiations between Russia and USA on strategic stability and arms control was held in Vienna on 22 June. The Russian delegation was represented by Deputy foreign Minister Sergei Ryabkov.

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Johnson & Johnson to stop producing skin-lightening cosmetics :: Business :: RBC

Anti dark spots some consumers are used to lighten skin that seems to like light colors better, according to the company

Photo: Justin Sullivan / Getty Images

The American company Johnson & Johnson, which produces cosmetics and hygiene products, has decided not to release more funds to lighten dark spots. It is reported by The New York Times, citing a company statement.

The newspaper writes that some consumers use them to make your skin color lighter.

“Conversations over the last few years have shown that some of the product names or statements about remedies to reduce dark spots of our [брендов] Neutrogena and Clean & Clear represent a bright or white skin is better than your own tone”, — quotes the NYT statement.

The newspaper points out that the cream Clean & Clear Fairness for diminishes dark spots are sold well in India. Johnson & Johnson said that now and remove the links to these tools from their sites. After some time they may again appear in the sale.

In June, the company said it will spend $10 million on the fight against racism and injustice in the United States.

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Authorities have denied plans to increase tax on high salaries :: Economy :: RBC

Another source told Forbes that discusses the option is not taxable personal income tax income in the amount of subsistence minimum or more. According to the publication, the question of whether to introduce a variety of approaches to taxation of citizens with different incomes, was discussed even in the winter, in anticipation of the January message of the President.

The interlocutor of RBC, close to the presidential administration, confirmed that there is the option of increasing personal income tax rate from 13% to 15% for wealthy Russians. He noted that “now is the perfect situation for this — sanctions-pandemic”. At the same time, he added, the discussion is still ongoing and concrete decisions had yet been made.

Analyst, FNS has assessed the possible losses of the budget due to the abolition of the income tax for the poor

Finance Minister Anton Siluanov in an interview to RBC in February said the Agency may consider the introduction of a progressive tax rate on incomes of physical persons (NDFL) in 2024, the principles of taxation will not change and now this issue the government is not discussing.

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