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After monitoring and analyzing the impact of a pilot project of introducing the excess-profits tax in the oil industry, the Russian Ministry of Energy may propose the final transition to the excess-profits tax in the oil industry, the Russian …
The World Bank said it had lowered its forecast for annual economic growth in Russia this year to 1.4% from a projection in January of 1.5%. “A downgraded forecast for gross domestic product growth in 2019 reflects lower oil …
Russian Central Bank will register and grant a basic license to Bank 131 (Kazan), according to the central bank's statement posted on the website. According to the statement, the bank was granted a license to conduct all banking …
Russia's budget is balanced with the oil price of $35-45 per barrel, which is one of the best results over the past ten years, Russia's First Deputy Prime Minister and Finance Minister Anton Siluanov said at an expanded …
The Russian government will start to reduce the number of state employees and raise wages to a competitive level next year, Russia's First Deputy Finance Minister Tatyana Nesterenko said in a speech to the Federal …
Belarusian President Alexander Lukashenko supported creating of a common currency with Russia. "It will not be the Russian or Belarusian ruble, it will be our common ruble," the Belarusian had of state said …
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 …
Russia’s top bank Sberbank has worsened its forecasts for the ruble’s average annual exchange rate against the U.S. dollar for 2019–2020. The bank worsened the rate for 2019 to 68.5 rubles per U.S. dollar and for 2020 …
Moody's Investors Service has released a comprehensive report on the Russian economy, analyzing its capabilities and key risks in the medium term. The Agency's analysts estimate the share of the public sector in the Russian …
Russian authorities are consistently combating ‘shadow economy’, Presidential Spokesman Dmitry Peskov said, when commenting on RBC’s report suggesting that the country’s grey economy exceeded 20 trillion …
The size of Russia’s shadow economy was equal to 20% of the GDP in 2018, according to the Rosfinmonitoring state financial watchdog. The watchdog recorded 20.7 trillion rubles ($315.9 billion) in undeclared imports and income …
Russia’s Central Bank bought foreign currency worth 12 billion rubles on February 20 as it resumed its forex purchases for the state reserves, the bank said. The Russian Finance Ministry had said it would allocate 194 billion …
Russia’s Central Bank bought foreign currency worth 12.51 billion rubles on February 19 as it resumed its forex purchases for the state reserves, the bank said. The Russian Finance Ministry had said it would allocate 194 billion …
Russian President Vladimir Putin is delivering his annual Presidential Address to Federal Assembly legislators in Moscow today. In his address, the president assesses the state of affairs throughout the country and sets the main …
The ruble exchange rate will remain stable if the oil prices are $ 40 per barrel and more, Russian Economic Development and Trade Minister Maxim Oreshkin said. In addition, the Minister also pointed out that in the long term, the rate …
Fitch Ratings on Friday affirmed Russia’s credit rating at ‘BBB-‘ citing a strong sovereign balance sheet and robust external finances, Reuters reports. “The prospect of harsher additional US sanctions …
Russia’s Central Bank bought foreign currency worth 12.49 billion rubles on February 13 as it resumed its forex purchases for the state reserves, the bank said. The Russian Finance Ministry had said it would allocate …
Professor of the University of Würzburg, member of the advisory council of the German government on macroeconomic development on Germany's experience that can be applied to Russian economy
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 …
Russia’s Central Bank bought foreign currency worth 12.47 billion rubles on February 8 as it resumed its forex purchases for the state reserves, the bank said. The Russian Finance Ministry had said it would allocate …
