How lockdown affects loans, and the pandemic affects concerts. Highlights of the night

What are the losses incurred by the concert industry in RUSSIA; the cameraman died after a gun went off while filming with Baldwin; MEAT processors have warned of rising prices.

How the lockdown will affect loans and tourism

The introduction of new restrictions in Moscow and other regions due to the CORONAVIRUS pandemic will lead to a reduction in retail lending and a decrease in the number of approved loans, experts interviewed by RBC predict. According to Equifax BCI, a week of restrictions in November will lead to a reduction in the flow of applications for new loans by 3-4% by the end of the month compared to September. If the restrictions continue until the end of November, then the demand for loans, as well as for issuance, will collapse by 20%. The United Credit Bureau, which accumulates statistics from Sberbank, expects a drop in retail loans in November by 15% compared to September this year. The policy of banks will become tougher, but it is still not worth waiting for a repetition of last spring, analysts estimate.

The lockdown could have a positive impact on domestic tourism. Thus, the Sochi authorities expect that during the non-working week, from October 30 to November 7, the same number of tourists will come to the resort as usual in summer.

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How much the concert industry is losing due to the pandemic

In the first half of this year, about 1-2 thousand concerts took place in Russia, the figures for the pre-pandemic 2019 for six months were 40-50 thousand. The turnover of the concert industry collapsed by about 85-90% compared to the year before last.