May 11 in Russia ends a period of severe restrictions and non-working days. The vice-rector of the Academy of Labor and Social Relations Alexander Safonov spoke about the socio-economic results of this period, which began on March 30, to the …
The Russian ruble weakened against the dollar this morning, trading more than 81 per dollar, according to data from the Moscow Exchange. The Russian currency stood at 80.79 against the U.S. dollar, 1.2% weaker than at the end of last …
Russian President Vladimir Putin has signed decrees appointing former ministers Maxim Oreshkin and Vladimir Medinsky as his aids, according to the Kremlin press service. The decrees …
Russia's Ministry of Economic Development published a monitoring survey entitled 'The picture of lending'. According to which, the total loan offer remains low (4% of GDP over the past 12 months), and banks have responded to a …
The average amount in deposit accounts stood at 200,000 rubles in Russia. The highest rate was in Moscow: more than 822,000 rubles, the average amount in deposit accounts in Saint Petersburg is almost half that amount …
Russian President Vladimir Putin, speaking at the Russia Calling! investment forum, urged the government to make a difference to real income movement in Russia. According to the head of state, it is the most important task …
Russia has avoided economic recession, Russian President Vladimir Putin said at the closing ceremony of the BRICS Business Forum in Brazil. "We have been carrying out a balanced macroeconomic policy for …
The share of retail consumer non-performing loans in Russia declined 0.6% to 4.8% as of October 1, according to Russia's central bank data. Outstanding loans were 16.9 trillion rubles, up from 10.6 trillion five years ago, RBC …
Russia has risen to the 28th position in the Doing Business 2020 rating of the World Bank and the International Finance Corporation from the 31st position it occupied last year. The WB said in the report that it happened thanks to …
The budget for 2020 and the planned period of 2021-2021 was submitted to the Committee on Budget and Taxes by Russia's State Duma Chairman Vyacheslav Volodin. The draft will be considered at the Duma …
Russian Deputy Prime Minister Tatyana Golikova said that about 15 million Russian people are employed in the shadow economy. "According to the latest data, their number reached 15 million people," TASS cited …
Russian First Deputy Prime Minister and Finance Minister Anton Siluanov believes that Russian business does not want to see positive changes in public administration and the economy, and, having record profits, believes that …
Russia's labor productivity lags 40 years behind those of developed economies. This level is close to Brazil's level and three times below the level of the U.S., head of the Russian Accounts Chamber Alexei …
Almost two thirds of Russians (62%) are confident that it is impossible in Russia to run a honest business, although 34% of Russians take the opposite position, according to the results of the poll conducted by the All-Russian Public Opinion …
The negative factors causing the decline in the population's real incomes last year by 0.2% mainly affected wealthy people, according to the Russian Economic Development Ministry's report. These are …
Russian President Vladimir Putin said that business plays an crucial role in solving Russia's strategic tasks. According to him, business initiative creates jobs, thus increasing salaries and incomes of millions of …
Russian total banking debt volume increased by 22.8% in comparison with an increase of 13/2% in 2017 to 14.9 trillion rubles, according to the Russian Central Bank's review of the Russian banking sector. This is a …
The poverty rate has continued to decline in Russia, Russian Deputy Prime Minister Tatyana Golikova told a session of the Gaidar Forum in Moscow. According to the Federal State Statistics Service, the poverty rate has …
The decision on raising retirement age in Russia since 2019 was the most challenging one for Russian authorities over the past decades, but it was made for a long-term perspective, Russia's Prime Minister Dmitry Medvedev …
Russia's economic situation reminds me of the era of post-war stagnation, Russian Accounts Chamber Chairman Alexei Kudrin said today. "For the last 10 years we have been living with a growth rate of 1%. …
