Tag Archives: Russian economy

Russia continues its efforts to improve its business climate: this year the country has advanced to 35th position of 190 countries in ‘Doing Business’ ranking by the World Bank (note that only six years ago Russia was ranked 120th). This position can be considered rather decent: Russia’s nearest competitors are Japan, Switzerland, the Netherlands, and France. More detailed look. Russia is not just a "gas station" (McCain) any more. Awara Doing business is getting easier: Russia climbed 5...

The Doing Business survey ranks 190 national economies based on 11 areas of business regulation. Russia’s new ranking places it ahead of many Western countries such as Belgium and Italy, and just behind Japan. Last year, Russia ranked 40th based on categories evaluating the ease of starting a business, registering property, getting loans, paying taxes, and enforcing contracts.Russia has steadily risen in the overall “Doing Business” rankings over the years. After the country had ranked...

Communist Party leader, Gennady Zyuganov, called the draft federal budget for 2018-2020 "a budget of the oligarchy", which will increase stagnation and poverty.... According to Zyuganov, the current budget policy "creeps of the old Gaidar-Chubais [liberal] reforms [under Yeltsin that plunged ordinary Russians into poverty]. It does not smell of modernization, nor a breakthrough for the future. "... Zyuganov's Communist Party enjoys the second most popular rating in the Russian political...

Central Bank resists calls for interest rate cuts despite inflation plunge Russia FeedRussia’s inflation rate plunges to 2.8%; historic lowAlexander

Deflation in Russia in September 2017, according to the Federal Statistic Service, was at the level of 0.1% TASSBank of Russia says deflation in September is "atypical"

Annual inflation in Russia has decreased down to 3 percent amid its continued decline, the country’s Economic Development Minister Maxim Oreshkin said Thursday. “In this year, the Russian economy has entered a new phase of growth. Now GDP growth rates exceed 2 percent. We expect them to stand at 2.1 percent at year end. The inflation has decreased down to 3 percent,” Oreshkin said delivering a speech at the Russian-Saudi investment forum.... RussiaFeedRussia’s economy on the rise, annual...

Gurdgiev's analysis of the Russian banking sector is of particular interest. It is sound and under the control of the central bank, which is imposing reforms that give the appearance of weakness in the sector. The opposite is true. Consolidation is taking place firmly under the state rather than oligarchs.true economicsPimco on Russian Economy: My TakeConstantin Gurdgiev | chairman of the Ireland-Russia Business Association, contributor and former editor of Business & Finance Magazine,...

This is about the Russian economy, not just the rate reduction. Significant for those following Russia, the Russian economic outlook, and the RUB. Russia FeedRussia’s Central Bank cuts key rate to 8.5% AlexanderAlsoRussia’s Central Bank says oil price could sink in 2018

The post fails to distinguish between public and private debt, but otherwise of interest. One of the reasons that the Russian economy "looks better" is the conservative monetary policy run that the central bank is running and the conservative fiscal policy that the government is running. Putin backs both. Russia could be doing a whole lot better running a looser monetary and fiscal stance, but then it would not "look as good" to international investors, which Russia has no need to...

Numbers going in the right direction.AwaraLabor Market Of Moscow & Saint Petersburg: Summer 2017