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The banking sector was confronted with a deficit in client resources in the third quarter of 2013. The basic cause of the shortfall was the refinancing by the Bank of Russia and the deposits of the Ministry of Finance.

29 October 2013. The World Bank presented the eleventh issue of its annual report "Doing Business 2014: Understanding Regulation of the Activities of Small and Medium Businesses".

The federal budget draft for 2014 and the planning period for 2015 and 2016 that has been introduced in parliament by the Russian government provides for the utilization of funds obtained in the privatization of federal property as a separate source for financing the federal budget deficit.

The 60 days set under WTO rules for achieving an amicable agreement with the EC regarding the disposal fee introduced in the RF expired in October 2013.

September saw an acceleration in Russian inflation: in September 2013, Consumer Price Index amounted to 0.2% (vs. 0.1% in August). However, it was 0.4 p.p. below its year-earlier level. 

A period of reform in the Russian scientific infrastructure began in the summer and autumn - the creation of a new federal agency for scientific organizations, reform of the three state academy systems and the planned creation of a new Russian scientific foundation.

In September 2013, the average nominal monthly charged wage per worker amounted to Rb 29,811, thus having increased on August by 2%.

In the 3rd quarter of 2013 and during 9 months of 2013, industrial production in Russia amounted to 99.9% and 100.1% of the respective indices of the previous year, respectively.

The Government of the Russian Federation considers the possibility of freezing or reducing the rates of excise duties on alcohol products fr om 2015. 

The 2013 Nobel Prize was shared by Eugene Fama, Lars Peter Hansen (both from the Chicago University) and Robert Shiller (the Yale University) for their financial assets research.  Actually, the Nobel Committee distinguished the entire development of financial economics from its inception in the 1960s to the present day.

Anton Siluanov, Finance Minister of Russia confirmed that nongovernment pension funds (NPF) which manage citizens’ voluntary pension savings should be transformed into joint-stock companies and have the same supervisory requirements as NPF.

The 2013 Nobel Prize in Economic Sciences in memory of Alfred Nobel was awarded to US researchers Lars Peter Hansen, Eugene Fama and Robert Shiller for development of methods of asset price analysis, reported the Swedish Royal Academy of Sciences on Monday.

Fr om January 1, 2014, the Law on the Federal Contract System will come into effect. The above law is to replace Federal Law No. 94 on Placement of Orders for Supply of Goods, Fulfillment of Jobs and Rendering of Services for Public and Municipal Needs. On October 10, it became known that the issue of preservation of the mandatory electronic auction procedure is debated only as regards building contracts worth up to Rb 50m and Rb 150m for regions and both Moscow and St. Petersburg, respectively. Building contract for a larger amount can be placed at a tender.

The Ministry of Finance of the Russian Federation has prepared a draft law on limitation of the extent of cash payments: in the latest edition of the draft law it is proposed starting fr om 2014 to limit the maximum volume of cash payments to Rb 600,000, while from 2016, to Rb 300,000.

On October 7, 2013, the President of the Russian Federation submitted to the State Duma the draft law "On Amendment of the Constitution of the Russian Federation "On the Supreme Court of the Russian Federation and the Prosecutor's Office of the Russian Federation"" (hereinafter, the draft law).

On October 8, the Central Bank of Russia reported that from October 7 it expanded from Rb 1 to Rb 3.10 the "neutral" band of the operating interval of the permissible values of the ruble cost of the bi-currency basket.