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The New System of Marking of Goods Has Not Gone Beyond the Experiment

15 january 2018

From January 1, 2018, it is planned to introduce in the Russian Federation a nation-wide goods traceability system which envisages a mandatory marking of goods with check (identification) signs.

The Bank of Russia Reduced Its Key Rate to 7.75%

15 december 2017

At the Bank of Russia Board of Directors' meeting on 15 December, it was decided that the key interest rate should be radically reduced - by 0.5 pp. to 7.75%, and not by 25.5 pp., as had been presumed by the majority of experts.

Domestic Market Protection Instruments within the Framework of Regional Trade Agreements

23 november 2017

Summarizing the results of the 12th East Asian summit which was held in Manila, the Philippines on November 13–14, 2017, Dmitri Medvedev, Prime Minister of the Russian Federation said that the Eurasian Economic Union (EEU) could conclude an agreement on a free trade zone with the Association of South East Asian Nations (ASEAN).

On the Issue of Sustainable Economic Development of the Regions

23 november 2017

The goals and tasks pertaining to the issue of sustainable development of the Federation's subjects have been established on a comprehensive basis with due regard for Russia's nationwide interests and priorities.

Revenues fr om Privatization and Public Property Management in the Draft Federal Budget for 2018–2020

21 november 2017

The draft federal budget for 2018 and the 2019-2020 planning period submitted to parliament by the Russian government stipulates that the revenues generated by federal property privatization should be treated as a separate source for covering federal budget deficit.

Financial Restructuring of the FK Otkrytie and the Binbank will not Cause Inflation Rate Growth

02 november 2017

The decision taken by the Central Bank of Russia to carry out financial rehabilitation of such large banks as the FK Otkrytie and the Binbank is a significant event for development of the banking sector of the Russian Federation.

A Lower Key Rate To Boost Competition

27 october 2017

The Bank of Russia Board of Directors at its meeting held on Friday, 27 October decided that the key interest rate should be reduced by 0.25 p.p. - to 8.25% per annum. In this connection, the Bank of Russia does not rule out the possibility of the key rate being further reduced at one of its next meetings.  

The Building and Investment Complex: General and Regional Trends in H1 2017

22 september 2017

In H1 2017, the macroeconomic situation was determined by a change in the trend of the past four years: investments in capital assets grew at a higher rate than the dynamics of the GDP and households’ ultimate consumption.  With a 1.5% GDP growth in January-June 2017, investments in capital assets increased by 4.8% as compared to H1 2016.

Investments in Fixed Assets Can Be Expected to Stabilize at Their Last Year's Level

26 june 2017

In Q1 2017, for the first time after a 4-year 'pause', the index of investments in fixed assets moved into positive zone, with a growth rate of 102.3% relative to the previous year. The volume of investments in fixed assets in terms of share in GDP in Q1 2017 stayed approximately at its average recorded at the start of each year during the period 2014–2016.

The Influence of Inter-Budgetary Transfers on Regional Economic Growth

19 june 2017

Russia’s territories are highly differentiated, which requires redistributing significant amount of resources both as taxes and as inter-budgetary transfers.

The Gaidar Institute is Building Models to Assess the Effects of Post-Kyoto Agreements

31 may 2017

The year 2017 was declared to be the year of ecology in Russia, so discussions about humans’ destructive impact on the environment, including climatic effects, intensified.

The Bank of Russia Reduced the Key Rate by 0.5 Percentage Points

28 april 2017

The Bank of Russia’s Board of Directors decided to lower the key rate from 9.75% to 9.25%.

On the Results of the Privatization Program of 2014–2016

28 april 2017

The second 3-year privatization program for the years 2014–2016 was approved by the Executive Order of the Government of the Russian Federation of 1 July, 2013, No. 1111-p.

On the Possible Introduction of the Tax on Savings Interest

27 april 2017

On 23 April, 2017, in a conversation with journalists at the Krasnoyarsk Economic Forum, Ilya Trunin, Deputy Finance Minister of the Russian Federation, mentioned that personal incomes fr om bank deposits could be taxed. That caused a stormy public reaction.

On the Regulation of Cryptocurrency

21 april 2017

The potential to save on transaction costs determines a rapid increase in the worldwide use of blockchain. One instance of blockchain technology is cryptocurrency – digital means of payment.

Decision on “Popular OFZ” has Nothing to Do with Budget Deficit

18 april 2017

The Ministry of Finance is turning back to the idea of issuing OFZ (federal loan bonds) for individuals as an alternative to bank deposits. The first issue (Rb 20bn) with an average annual yield of 8.5% is expected late in April.