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Economic Effect of the Deal Between Rosneft and TNK-BP is Highly Doubtful for Russia
30 october 2012
The intrigue around the fate of TNK-BP which dated back to last summer is now over. I. Sechin, Head of Rosneft managed to secure V. Putin's support of the idea to buy 100% of equities of TNK-BP.
The Accumulated Inflation Rate Amounted to 5.7% from the Beginning of the Year
29 october 2012
Continued growth in fuel prices in October, additional indexation of regulated tariffs in September and higher growth rates of price on food products contributed to the speed-up of the consumer inflation rate.
Industrial Growth at the Level of 103.6% by the End of the Year is Highly Problematic
29 october 2012
In the first two quarters of 2012, the dynamics of manufacturing growth points to the fact that growth at the level of 103.6% forecasted by the Ministry of Economic Development in the current year is getting hard to achieve.
On the Role of Human Capital in Economic Growth
26 october 2012
At present, an active discussion is under way on development of an economic policy aimed at reduction of high dependence of the Russian economy on the situation on the global energy market and changing of the model of growth towards upgrading of its quality in order to ensure high rates of economic growth and their strength in the long-term prospect.
Russia is Eight Positions Up in the Doing Business Rating
23 october 2012
On October 22, 2012, the Report: Doing Business 2013 (the 10th edition of the series within the frameworks of the Doing Business Project) by the International Financial Corporation and the World Bank was released. The subject of the research deals with the activities of small and mid-sized businesses, as well as analysis of regulatory documents.
The Current Budget is Aimed at Macroeconomic Stability
23 october 2012
On October 19, 2012, at the plenary meeting of the State Duma the draft Federal Budget for 2013 and the 2014-2015 Planned Period was approved in the first reading. Deputies indorsed the country's main financial document provided that it was further updated by the second reading.
Increasing the Insurance Compensation Threshold To Rb 1m Will Help Sustain Small Banks
18 october 2012
The RF Ministry of Finance, the Bank of Russia and the Deposit Insurance Agency are discussing the possibility to raise the threshold for deposit insurance. At present it amounts to Rb 700,000; according to First Deputy Chairman of the Bank of Russia Aleksey Simanovsky, in the next few months it can be raised to Rb 1m.
Russia has Declared All-Out War to Smoking
18 october 2012
On October 18, 2012, at the meeting of the government the draft law On Protection of People's Health from the Effects of Tobacco Smoke and Repercussions of Tobacco Consumption was considered and approved. The above draft law introduces, among other things, a complete ban on smoking at public places.
Management of Our Land Resources Is A Loser Task
17 october 2012
How can we even consider any land policy if since 2004 there has been no government body in this country whose functions included managing land resources?!
By Choosing Switzerland, Gazprom Minimizes Risks
16 october 2012
Russian natural gas monopolist Gazprom chose Switzerland's jurisdiction to register its holding companies that will pool its foreign assets in the fields of logistics and trading. By doing so, Gazprom will restructure its European assets in order to avoid accusations of having violated the European Union's antimonopoly legislation.
Belarus Offered Russia Her Oil Refineries in Exchange for Access to Oil Extraction
16 october 2012
The economy of Belarus, with its inefficient capacity, functions largely due to ‘energy subsidizing' by Russia.
Industrial Production in January – September 2012
16 october 2012
According to the latest data published by Rosstat, the Industrial Production Index in January-September 2012 amounted to 102.9% against the corresponding period of last year, and in September 2012 it was 102.0% against September 2011.
Shepley Has Come Up with a New Method for Distributing Rewards Among Coalition Participants
15 october 2012
On Monday, 8 October 2012, the Royal Swedish Academy of Sciences announced that the Nobel Prize in Economics for 2012 had been awarded to US scholars Alvin E. Roth and Lloyd S. Shapley.
Privatization Policy in the Context of the Draft Federal Budget for the Period Until 2015
15 october 2012
The draft federal budget for the year 2013 and the 2014-2015 planning period submitted to parliament by the Russian government envisages the use of revenues generated by federal property privatization as a separate source of financing the federal budget deficit.
A Drop in Their Credit Quality will be Ruinous for a Number of Banks
11 october 2012
In September, the Bank of Russia completed a stress test of Russian banks based on their reports for the first half-year of 2012.
Russia Has Reached the Level of Her Potential GDP
11 october 2012
The Russian economy has hit a ‘glass ceiling'. The World Bank has pointed out some unmistakable signs of an overheated labor market. Employment surged above its pre-crisis peak of the summer of 2008, unemployment dropped to its two-decade record low, and the share of the poor reached its historic low.