Today in the news: WeWork Exits Russia, Sberbank's Tech Expansion, Broadcasters Overcome Sanctions, Russian Banks Boost Dollar Reserves, and Bali Real Estate Surges.
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News 1:
The American coworking network WeWork has agreed to sell its business in Russia to the investment company O1 Properties. The deal has not yet been closed, but is at a high stage of readiness, said consultants working with the parties. It will include four sites in Moscow with 3,000 jobs and a total area of 18 thousand m².
News 2:
Sberbank is testing about 50 thousand tablets and laptops of its own brand in its branches. Deliveries of devices were carried out in 2023. Experts believe that Sberbank needs the devices for internal use. According to their estimates, the bank could already cover about 25% of its needs.
News 3:
In 2023, radio broadcasters managed to replace most of the foreign equipment that was subject to sanctions restrictions. Problems remain only with coaxial cables, which are not produced in Russia, and in China they cost one and a half times more.
News 4:
For the fifth month in a row, Russian banks have been increasing balances on dollar correspondent accounts with non-resident banks, according to Central Bank data. As of December 1, 2023, they grew to $17.4 billion. International payments are heavily “dollarized” and this will not change soon, experts explain.
News 5:
The number of transactions for the purchase of real estate by Russians in Bali in 2023 increased 1.5 times year-on-year, to 1,050 objects, according to data from the consulting company Ricci. In terms of money, their volume reached $230 million.