Russian economy

page 18

Does Russian business suffer from nihilism?

Does Russian business suffer from nihilism?

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 Central Bank on inflationary expectations

Russia's Central Bank on inflationary expectations

Russian households' expectations for inflation fell in May to 9.3% from 9.4% in April, the Russian Central Bank said. The inflationary expectations for the next 12 months fell to 9.3% in May as the influence of an increase of value …

WB: Russia's economic growth accelerates to six-year high

WB: Russia's economic growth accelerates to six-year high

Russian economic growth accelerated to a six-year high of 2.3% in 2018, despite tightened economic sanctions and pressure on financial markets, according to the World Bank's report. The report found that acceleration was …

Matviyenko comments on format of Russia-Belarus Union State

Matviyenko comments on format of Russia-Belarus Union State

The format of the Union State of Russia and Belarus justifies itself and there is the need for further improving it, Russian Federation Council Speaker Valentina Matviyenko said. This year the Union State will mark its …

Worst risk to Russia's stock market named

Worst risk to Russia's stock market named

  Russian Central Bank Governor Elvira Nabiullina, speaking at the NAUFOR Russian Stock Market Conference 2019, named the main risk to Russia's stock market. "I see the main risk in the …

Russia's trade turnover with U.S. grows by 24%

Russia's trade turnover with U.S. grows by 24%

The trade turnover between Russia and the United States in January-March totaled $5977 billion, amounting to an increase of  24%, the Russian Federal Customs Service said. Exports from Russia to the U.S. amounted to $2.686 billion, …

 Peak of inflation over in Russia

Peak of inflation over in Russia

Russia's annual inflation was 5.3% in March, but it has started to decline in April due to a number of temporary factors restraining price hikes, the Russian Central Bank said in a report today. “Annual inflation has …

Gazprom net profit doubles in 2018

Gazprom net profit doubles in 2018

The net profit attributable to shareholders of Russian gas giant Gazprom doubled to 1.456 trillion rubles in 2018, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement posted on its website. …

GAZ Group to be nationalized?

GAZ Group to be nationalized?

Russia’s largest commercial carmaker GAZ Group might go bankrupt and may be nationalized due to U.S. sanctions, Russian businessman Oleg Deripaska said in an interview at the company’s headquarters. …

Nabiullina: Russia has undergone the peak of inflation

Nabiullina: Russia has undergone the peak of inflation

The peak of inflation in Russia, apparently, has already been passed, the Chairman of the Central Bank of Russia, Elvira Nabiullina, said on the margins of the IMF-World Bank Spring Meeting in Washington. "But we cannot state this …

Russia’s gold reserves hit five-year high

Russia’s gold reserves hit five-year high

Russia's forex and gold reserves were at $487.8 billion as of April 1 2019, according to figures from the Central Bank of Russia (CBR), the highest since March 2014, The Moscow Times reported. Reserves are now at the level …

Central Bank: Russian economy close to balance

Central Bank: Russian economy close to balance

According to Russia’s central bank, the situation in the Russian economy is close to balanced, First Deputy Governor Ksenia Yudaeva said. "The situation in the Russian economy is close to balanced and there …

Russia’s gold and forex reserves climb to record high

Russia’s gold and forex reserves climb to record high

Russia's gold and forex reserves have hit the 487.8 billion dollars mark, breaking a five-year record on 1 April, when the figure stood at 486 billion dollars, according to the Russian Central Bank’s data. This comes as the …