Today in the news: Recent Developments in Russia: Cash Volume Drops, Electric Car Production Plans, AI Chip Distribution, Gambling Industry Personnel Shortage, and IKEA's Assets
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News 1:
The volume of cash in circulation in Russia in January 2024 decreased by 540 billion rubles - this is the maximum drop since March 2022, according to Central Bank data. The drop is due to seasonal factors.
News 2:
Kaliningrad Avtotor plans to begin mass production of electric cars of its own design in 2025, and show the first copies in 2024, said Valery Gorbunov, head of the board of directors of the auto holding.
News 3:
Chinese AI chip manufacturer Sophgo has entered into a distribution contract with a Russian company. Softlogic became the partner. Based on Chinese chips, Softlogic plans to develop and produce domestic servers for AI. The company is also negotiating with two Russian companies to supply them with chips as a distributor.
News 4:
Russian gambling zones are experiencing a shortage of specialists, the Association of Entertainment and Event Tourism Operators (unites all legally operating gambling zones in Russia) reported. The personnel shortage is 15%; in the next two years, due to the expansion of the industry, it will grow to 25%. Experts attribute this to the development of domestic tourism and the specificity of professions.
News 5:
IKEA still has assets in Russia. On the balance sheet of Ikea Torg, to which the Federal Tax Service arose the day before, there is a distribution center with a total area of about 180 thousand m² in Yesipovo, near Moscow. There is talk on the real estate market that the IKEA structure does not want to sell the warehouse in Esipovo, but is instead ready to rent it out.
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