Economy News

Russia: IMF experts expect in the years 2012-2013 inflation around
[26.01.12]

Experts from the International Monetary Fund (IMF) expect that inflation in Russia will be in the years 2012 to 2013 around 6.3 to 6.4 percent. The head of the IMF's agency in Russia, Odd Per Brekk said this on Thursday to reporters. "In and of itself, we expect that it (inflation) will remain unchanged", he summarized.
Russia’s currency- and gold reserves up 2.6 billion USD last week to 499.7 billion


[26.01.12]

The External and Public Relations Department of the Bank of Russia informed on Thursday that the country’s international currency and gold reserves are up 2.6 billion USD or app. 0.5 percent since 13 January to a volume of 499.6 billion USD as of 20 January 2012.
Russia's statistics agency reported positive figures about the country's industrial growth
[26.01.12]

Russia's industrial production rose in 2011 a total of 4.7 percent. This is stated in a report on the country's industrial production which the state statistics agency Rosstat published. The increase includes all major industry sectors: oil (+ 0.8 percent), gas (+ 2.9), cars (+ 44.5), trucks (+ 6.6 percent).
Ministry of Finance: almost 50 percent of income to Russia's state budget from oil and gas industry
[20.01.12]

Transfers from oil and gas industry accounted for 49.7 percent of the income of Russia's state budget in 2011and amounted to 140.3 billion Euros. This was published by the Russian Finance Ministry on Thursday.
Russia’s currency- and gold reserves down 0.9 billion USD last week to 497.1 billion


[19.01.12]

The External and Public Relations Department of the Bank of Russia informed on Thursday that the country’s international currency and gold reserves are up 0.6 billion USD or app. 0.1 percent since the end of last year to a volume of 497.1 billion USD as of 13 January 2012.
74 new investment projects in Russia's special economic zones were agreed in 2011
[17.01.12]

The Russian Ministry of Economic Development has in 2011 mobilized 74 investors to invest in special economic zones in Russia. The investment has a value of 91 billion rubles (around 2.25 billion Euros), said Dmitry Levtshenkov, head of the department of special economic zones and project funding in the Ministry on Monday. "This will make it possible to create more than 15,500 jobs", he said.
Prime Minister Putin sums up Russia's economic success in 2011
[16.01.12]

The growth of Russia's gross domestic product (GDP) amounted to 4.2 percent in 2011, said an obviously satisfied Prime Minister Vladimir Putin. "Russia occupies the third position when it comes to global GDP growth after China (9.5 percent) and India (7.8 percent)". He compared the development of Russian economy with last year's results in other countries: "Minus 5.5 percent in Greece, down 0.4 percent in Japan, up 1.5 percent in the Euro-zone, plus 1.6 percent in the United States".
General Motors will double car sales in Russia to over half a million a year
[14.01.12]

The American car giant General Motors (GM) plans to increase its investments in Russia, which will lead to more than double the current production. GM will invest until 2015 about one billion dollars (778 million euros) said GM boss James Bovenzi who is an executive responsible for Russia, on Friday in connection with the Motor Show in Detroit.
Russian car sales have picked up in 2011 by 39 percent
[12.01.12]

Sales of new passenger cars and light trucks have increased in 2011 compared to the previous year by 39 percent to 2.65 million units, according to a press release from the Moscow-based European business association AEB.
Russia’s currency- and gold reserves up 0.6 billion USD since end of 2011 to 498.0 billion


[12.01.12]

The External and Public Relations Department of the Bank of Russia informed on Thursday that the country’s international currency and gold reserves are up 0.6 billion USD or app. 0.1 percent since the end of last year to a volume of 498.0 billion USD as of 06 January 2012.
11-01-2012 Inflation in Russia down to record low 6.1 percent on an annual basis in 2011[ more ]
25-11-2011 Russia’s currency- and gold reserves down by 0.9 billion USD during last week to 515.1 billion[ more ]
23-11-2011 Ministry of Economic Development: Russia's trade surplus rose in October 2011 by 56.5 percent to 15.7 billion USD[ more ]
18-11-2011 Russia’s currency- and gold reserves down by 1.8 billion USD during last week to 516.0 billion[ more ]
16-11-2011 Russia likely to introduce property tax from 2014[ more ]
15-11-2011 Russia's Health Ministry: "The country will need 1.7 million foreign workers in 2012"[ more ]
15-11-2011 Medvedev: Inflation in Russia this year at the lowest level so far - 7 percent[ more ]
14-11-2011 Rosstat: Russia's GDP increased in third quarter of 2011 by 4.8 percent[ more ]
10-11-2011 Russia’s currency- and gold reserves down by 4.2 billion USD during last week to 517.8 billion[ more ]
03-11-2011 Russia’s currency- and gold reserves up by 7.4 billion USD during last week to 522.0 billion[ more ]
02-11-2011 Increased forecast for net capital flows from Russia to 70 billion USD in 2011- growth of foreign exchange reserves lowered substantially, trade surplus up[ more ]
02-11-2011 Volume of Russia's Reserve Fund 1 November 790 billion rubles, National Prosperity Fund 2.726 trillion rubles[ more ]
31-10-2011 Russia will assist ailing Euro Countries by investing up to 10 billion USD[ more ]
27-10-2011 Russia’s currency- and gold reserves down by 3.1 billion USD during last week to 514.6 billion[ more ]
26-10-2011 Russian Minister: Lower GDP growth in 4th quarter of 2011[ more ]
24-10-2011 Putin urges Tax Service: Russians’ tax debt to be written off[ more ]
24-10-2011 Putin: Foreign investments to Russia need super favorable climate[ more ]
20-10-2011 Russia’s currency- and gold reserves up by 7.3 billion USD during last week to 517.7 billion[ more ]
20-10-2011 0.1 percent inflation in Russia in the period 11 to 17 October - 4.8 percent so far this year[ more ]
18-10-2011 Putin: Free trade zone on the territory of the CIS countries is not in conflict with the norms of the WTO[ more ]
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