Alexander Safonov

Putin promotes Oreshkin and Medinsky

Russian President Vladimir Putin has signed decrees appointing former ministers Maxim Oreshkin and Vladimir Medinsky as his aids, according to the Kremlin press service. The decrees …

Read
Causes of Russia's ultra-low inflation revealed

Russia's Ministry of Economic Development published a monitoring survey entitled 'The picture of lending'. According to which, the total loan offer remains low (4% of GDP over the past 12 months), and banks have responded to a …

Read
Russians' savings almost close to zero

The average amount in deposit accounts stood at 200,000 rubles in Russia. The highest rate was in Moscow: more than 822,000 rubles, the average amount in deposit accounts in Saint Petersburg is almost half that amount …

Read
Russia's secret of beating recession revealed

Russia has avoided economic recession, Russian President Vladimir Putin said at the closing ceremony of the BRICS Business Forum in Brazil. "We have been carrying out a balanced macroeconomic policy for …

Read
What's in gain in Doing Business ranking for Russia?

Russia has risen to the 28th position in the Doing Business 2020 rating of the World Bank and the International Finance Corporation from the 31st position it occupied last year. The WB said in the report that it happened thanks to …

Read
Russia's three-year budget prepared with surplus

The budget for 2020 and the planned period of 2021-2021 was submitted to the Committee on Budget and Taxes by Russia's State Duma Chairman Vyacheslav Volodin. The draft will be considered at the Duma …

Read
Russia's shadow economy employs 15 million people

Russian Deputy Prime Minister Tatyana Golikova said that about 15 million Russian people are employed in the shadow economy. "According to the latest data, their number reached 15 million people," TASS cited …

Read
Does Russian business suffer from nihilism?

Russian First Deputy Prime Minister and Finance Minister Anton Siluanov believes that Russian business does not want to see positive changes in public administration and the economy, and, having record profits, believes that …

Read
Kudrin: Russia at level of G7 countries of 80s

Russia's labor productivity lags 40 years behind those of developed economies. This level is close to Brazil's level and three times below the level of the U.S., head of the Russian Accounts Chamber Alexei …

Read
Russians do not want do business

Almost two thirds of Russians (62%) are confident that it is impossible in Russia to run a honest business, although 34% of Russians take the opposite position, according to the results of the poll conducted by the All-Russian Public Opinion …

Read
"National projects should encourage Russian business"

Russian President Vladimir Putin said that business plays an crucial role in solving Russia's strategic tasks. According to him, business initiative creates jobs, thus increasing salaries and incomes of millions of …

Read
Debt fever accelerates in Russia

Russian total banking debt volume increased by 22.8% in comparison with an increase of 13/2% in 2017 to 14.9 trillion rubles, according to the Russian Central Bank's review of the Russian banking sector. This is a …

Read
Decline in poverty announced in Russia

The poverty rate has continued to decline in Russia, Russian Deputy Prime Minister Tatyana Golikova told a session of the Gaidar Forum in Moscow. According to the Federal State Statistics Service, the poverty rate has …

Read
"We have fallen into serious stagnant hole"

Russia's economic situation reminds me of the era of post-war stagnation, Russian Accounts Chamber Chairman Alexei Kudrin said today. "For the last 10 years we have been living with a growth rate of 1%. …

Read
Self-employed persons legalized in Russia

Self-employed citizens switching to the experimental tax regime will be exempt from paying personal income tax and value added tax (VAT), except for the situation when goods are imported into Russia, according to the set of laws on the …

Read

Populars