Putin: Key rate to be reduced in Russia
The key rate will decline in Russia, based on economic prerequisites, Vladimir Putin said. Its reduction will also lower interest rates on business loans.
Russian economy
Siluanov: Russia's GDP to exseed IMF forecast in 2024
Russia's GDP in 2024 is expected to grow at the same rate as in 2023, when it expanded by 3.6%, Russia's Finance Minister Anton Siluanov said. "Russia is careful with the budget balance. Public debt remains at …
Iran and Russia increasing trade turnover
The value of Iran’s exports to Russia rose 26% in the past Iranian calendar year, which ended on March 19, as compared to the preceding year, official with …
Russia's Central Bank “freezes” key rate until year end
The Bank of Russia may shift to reduction of the key rate in the second half of 2024 if inflation continues slowing down stably, the regulator’s Governor Elvira Nabiullina said addressing the State Duma. "If …
Moscow: Baku is our strategic partner and reliable ally
Azerbaijan is an important strategic partner, friendly neighbor and reliable ally of Russia, the Russian Embassy in Azerbaijan said in a statement on the occasion of the 32nd anniversary of the establishment of diplomatic relations between …
Russia's Central Bank retains key rate at 16% per annum
The Bank of Russia once again decided to maintain the key rate at 16% per annum at its second meeting in 2024, the regulator said in its press release. "Current inflationary pressures are gradually easing but remain …
Makhachkala port to increase profits due to new road map
The authorities of Dagestan have developed a road map aiming to develop the seaport of Makhachkala
Strategy of socio-economic development of Dagestan to be reconsidered
The leadership of Dagestan will reconsider the strategy of socio-economic development. It will be adjusted taking into account the the Russian President's state of the nation address.
Novak announces increased investment to North Caucasus Federal District
Russia's Deputy Prime Minister Alexander Novak said that 2023 was a period of economic growth for the North Caucasian …
Azerbaijan and Kabardino-Balkaria strengthening cooperation
Russia’s Kabardino-Balkarian Republic and Azerbaijan plan to cooperate in trade, economic, scientific, technical and cultural sectors. Chairman …
Iran’s export to Russia exceeds $2bln last year
Iran’s export to Russia exceeded $2 billion in 2023, which is a significant increase compared with the preceding years, Iran’s Ambassador to Moscow Kazem Jalali said. The ambassador said the existing difference between the …
Russia to spend billion rubles on ski resorts
The Russian authorities plan to develop the sphere of active recreation. A billion rubles will be allocated to support large ski resorts.
Moscow and Baku reach $4.4 bln in trade turnover last year
The trade turnover between Russia and Azerbaijan reached $4.4 billion last year, Russia's Ambassador to Baku Mikhail Yevdokimov …
Novorossiysk to spend over 85 bln rubles on investment projects this year
This year, Novorossiysk intends to develop large-scale investment projects
Central Bank: Russians begin keeping money in yuan more often
The savings of Russians kept in yuan have doubled over the year. The volume of loans in yuan has also increased. The yuan has surpassed the dollar in terms of the volume of funds in the Russian banking system.
IMF revises upward outlook for Russian GDP
The International Monetary Fund has revised upward its estimates of economic development of Russia and forecasts Russia’s GDP to grow by 2.6% in …
Real wages grew in Russia
Vladimir Putin announced an increase in real wages in Russia
Dagestan exports increases almost 4 times
In 2024, the authorities plan to further increase the volume of export of goods through the seaport of Makhachkala
Russia and Azerbaijan sign bilateral cooperation 2024-2026 roadmap
Russian Deputy Prime Minister Alexei Overchuk and Azerbaijani Deputy Prime Minister Shahin Mustafayev signed a roadmap on the main areas for enhancing Azerbaijani-Russian cooperation, the Azerbaijani government's press service said. …
Russia's foreign debt contracted by 15%
The Russian foreign debt declined by 14.9% year on year or by $57.1 bln to $326.6 bln as of January 1, 2024, the Russian Central Bank reported. It was noted that the main contribution was from reduction of commitments of other sectors …
