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The Minister of Industry and Trade of Russia, Anton Alijanov, reported that his country’s trade with the States that make up the Brics group increased by 6,3% in the first five months of 2024 compared to last year.
During a meeting of industry ministers of the group, the official explained that in 2023 “we will increase trade with the countries of the Brics by 28%, bringing us closer to 300.000 million dollars.”
“We see continued growth in the first five months of this year, as (trade) increased 6,3% so far this year,” he detailed, quoted by local media.
Alijanov added that the 2023 figures do not include the new members of the Brics who joined in 2024.
The minister indicated that they hope that the positive dynamic will be maintained and that they have “conditions for this”, ensuring that “it is obvious that it is the result of a great reorientation of our trade flows, exports and imports.”
Alijanov highlighted the support from the Brics colleagues, “that is why last year we achieved a record growth of 28%.”
“It is evident that the base has grown substantially, but, nevertheless, the positive trend persists,” reiterated the minister, who plans to hold meetings with representatives of China, Ethiopia and Brazil.
#Russias #trade #BRICS #countries #increased #months
2024-08-20 09:11:43
ISLAMABAD: The coalition authorities led by Prime Minister Shehbaz Sharif will as we speak current the financial survey of 9 months (July-March) 2023-24, in keeping with which the financial efficiency of the nation remained beneath expectations regardless of the higher efficiency of the agricultural sector.
In line with the Enterprise Recorder report, the survey indicated that the fiscal yr 2023-24 began with financial disruptions, leading to an financial contraction of 0.2 p.c in 2022-23, the contraction as a result of devastating floods, rising international commodity costs, international recession. and led to home fiscal austerity, and political uncertainty.
In opposition to this background, general financial situations improved considerably over 2023-24 as actual financial exercise recovered reasonably from final yr’s contraction, in keeping with the report. .
GDP grew by 2.4 p.c throughout 2023-24, in comparison with a contraction of 0.2 p.c in 2022-23, primarily as a result of agriculture with vital will increase in wheat, cotton and rice manufacturing, fertility results of floods and favorable Improved availability of local weather inputs and coverage incentives led to improved manufacturing.
In line with the report, the annual industrial progress goal was 3.4% which was not met, progress was 1.2%, manufacturing goal was 4.3%, effectivity was recorded at 2.4%.
In line with the report, the efficiency of main industries was 0.1 p.c in opposition to the goal of three.2 p.c. The efficiency of actual property, schooling, well being, housing, and meals sectors improved, however the targets of electrical energy, gasoline, wholesale, retail, and transport sectors mightn’t be met. The expansion goal of the companies sector was 3.6% whereas the efficiency was 1.2%, monetary, insurance coverage sector, communication, nationwide financial savings targets have been additionally not achieved.
The Financial Survey 24 goals to revive the financial system with a progress goal of three.5 p.c in 2023-2023, with restoration of political stability, enchancment in exterior accounts, macroeconomic stability, and an anticipated decline in international oil and commodity costs. Estimated.
In line with the Financial Survey, ‘achieved financial progress was 2.4 p.c as agriculture outperformed the goal, whereas the commercial and companies sectors fell wanting the targets and confirmed modest progress.
#Authorities #fails #meet #key #financial #targets #financial #survey #launched #as we speak #Pakistan
2024-06-11 06:55:10
PT Victoria Care Indonesia Tbk (VICI) successfully started 2024 with brilliant performance. This is reflected in the company’s success in recording growth double digit throughout the first quarter of 2024. In the first quarter of 2024, the company successfully recorded an increase in revenue of 14.6% to IDR 338.5 billion from the achievement in the same period in the previous year, namely IDR 295.4 billion.
It doesn’t stop there, the company’s net profit was also recorded as growing 20% YoY, from IDR 39.2 billion in 2023 to IDR 47.1 billion in 2024.
Apart from recording double digit growth, the company’s profitability throughout the first quarter of this year shows a solid financial position.
Gross profit margin the company is at 55.3% meanwhile net income margin the company is at 13.9%, showing the company’s commitment to pursuing growth and at the same time maintaining the company’s financial health.
The company’s success in maintaining positive performance throughout the first quarter of 2024 cannot be separated from the company’s foresight in implementing the right marketing strategy.
Apart from that, the company also continues to strengthen its presence on digital platforms and optimize the momentum for the return of the TikTok Shop in Indonesia, which has started operating once more since December 2023 to reach more potential customers of the company.
Also read: Chinese Business Expands Employment and Stabilizes Housing Market
President Director of PT Victoria Care Indonesia Tbk (VICI) Billy Hartono Salim explained that the company’s success in recording positive growth was also thanks to the company’s strategy to take advantage of the momentum ahead of Eid 2024 through various programs. bundling Eid special.
“As we have previously conveyed to the public on various occasions, the company is optimistic that it can pursue growth double digit in 2024. With the company’s achievements throughout the first quarter of this year, the company is on the right track to realize this target,” added Billy.
Furthermore, he also added that his party was optimistic regarding continuing to maintain this positive performance throughout 2024.
“With the market opportunity still being large and the company’s strong innovation DNA, the company is optimistic that it will be able to record another impressive performance in 2024,” concluded Billy. (D-2)
#VICI #Revenue #Increases