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The insurance contribution rate will be increased to 30.8% in Russia from 2019. The corresponding decision was taken by the Russian government, the Economic Development Minister, Aleksey Ulyukayev, said. "I …
The Central Bank of Russia started its work towards increasing the supply of rubles in the money market, despite the decline in oil prices, which endangers the stability of the exchange rate. In particular, instead of deposit …
In August, the Ministry of Finance spent 390 billion rubles from the Reserve Fund (almost 20% of its total funds) to cover the deficit of the Russian budget. Will these funds be enough for the elimination of …
The Russian Central Bank published the results of a poll conducted by the inFOM company, according to which only 13% of Russians expect that the ruble will strengthen against the dollar within a year - a similar level of pessimism has …
Russian Central Bank has introduced a new scheme of redevelopment of Russian banks in order to ‘remedy’ financial institutions through the consolidation foundation of the banking sector. It will allow …
It is time for the Government to take foreign loans as a means of budget replenishment in terms of uncertainty of privatization state plans, financial experts at RANEPA Sergey Hestanov and …
Russian retail banks are getting out from losses, according to their financial statements for the first half of 2016. After writing off trouble loans, which have been issued under the old rules, the banks began to form smaller amount of reserves …
The majority of Russians prefer to make savings in rubles. Interest in US dollar decreases, the All-Russian Public Opinion Research Center reports. Today the number of respondents who make savings …
The development of the non-oil industry, thus freeing the economic growth of the country from the cost of a barrel of ‘black gold’, as well as the economic reforms that will improve the overall business climate in the country and will …
The International Monetary Fund (IMF) has improved the outlook for the Russian economy. In April 2016, the IMF said that Russia’s economy could decline by an additional 1.8% this year, in May it improved its outlook on Russia’s GDP …
The All-Russian Public Opinion Research Center (VCIOM) has conducted a public opinion poll to find out the significance of material and financial reserves for Russian people. According to its findings, 66% of respondents did not save …
The Bank of Russia has published a new inflation forecast. According to the bank, the inflation rate will slow in 2016 more than the central bank previously predicted: in the end of 2016 the inflation rate will be 56% instead of 67%, a report of …
An offshore zone can be established in Russia, the presidential envoy to the Far East Federal District, Deputy Prime Minister Yury Trutnev, said after a meeting of the supervisory board of the Free Port of Vladivostok. …
The European Bank for Reconstruction and Development predicts the transition of the Russian economy from recession to growth already in 2017. According to experts, recession will continue to last this year in the country, as oil prices …
Ruble, which previously steadily increased, dropped during today's tradings on the Moscow stock exchange that resumed after a break for May holidays. As of 22:15, the dollar costs 66.6 rubles, rising by 1.97 rubles in a day. …
The weak ruble leads to negative consequences for the Russian economy, chairman of the Bank of Russia Elvira Nabiullina said. She explained that the weak exchange rate of the …
The ruble has all chancee to continue its strengthening in the near future thanks to the high positive balance of foreign trade, the head of Economic Development Ministry of Russia Alexei Ulyukayev said during today's meeting with the Finnish …
At the end of last week a change in the number of traders on the currency market, who bet on the growth and fall of the ruble in favor of the latter, was recorded on the Moscow stock exchange. The number of traders oriented to …
Over the period from January 2015 to January 2016, Russia has increased the volume of its investments in securities of the US government by 14.7 billion dollars, from 82.2 billion dollars to 96.9 billion dollars, the monthly report of the US …
19 trillion rubles need to be allocated in order to revive the economy of Russia and bring it to the level of 2013, presidential adviser Sergei Glazyev said at the IFN CIS Russia Forum 2016. "During the …
