GDP

Russia to earn 100 trillion rubles

Russia’s Economic Development Ministry revised its economic forecast. It was presented by Economy Minister Maxim Oreshkin at the State Duma meeting nu budget and taxes. Russia’s gross domestic product was …

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Russian economy ministry lowers GDP growth outlook

Russian gross domestic product (GDP) growth is seen at 1.3% year-on-year in February, Russian Economic Development Ministry said. The ministry also revised its estimate for January GDP growth to 1.7%year-on-year, versus a previous …

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Georgia’s economic growth slows down to 4.4%

Georgia’s economy slowed down to 4.4% growth in the first month of 2018 from 5.2% in January 2017, according to the latest data from the National Statistics Office of Georgia (Geostat). In January 2018 the estimated real Gross …

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Russia's GDP grew 1.4% in 2017

Russia’s gross domestic product grew by 1.4 percent in 2017, Russian President Vladimir Putin said. "Russian GDP increased 1.4 percent last year," TASS cited Putin as saying. According to the president, …

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World Bank expects Russia’s economy to grow

The World Bank expects Russia’s economy will expand moderately over the next three-year period, with growth rates are seen at 1.3% and 1.4%. "We expect the Russian economy to grow 1.3% in 2017 and 1.4% both in 2018 and …

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 Government predicts economic growth in Russia

Russian Economic Development Minister Maxim Oreshkin said that the data for the first months of this year indicate that the Russian economy has entered a new phase of growth. However, in order to increase it, it is necessary …

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GDP of Georgia rises by 2.7%

The GDP of Georgia in 2016 amounted to $14.3 billion, exceeding the previous year’s figure by 2.7%, according to the information of the National Statistics Office of Georgia 'Geostat'. The GDP deflator was 4%. 9.9% of GDP …

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Will cash payments to be limited in Russia?

The Russian Ministry of Finance and the Ministry of Economic Development are discussing plans to limit cash payments in a bid to combat Russia’s “shadow economy.” The new measures could include a ban on …

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Will Russia overtake Europe in 33 years?

The International consulting firm PricewaterhouseCoopers (PwC) presented the report titled 'The Long View: How will the global economic order change by 2050?', where its experts said that Russia will become the leading European …

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Russia’s Central Bank: GDP declines in 2016

Russia’s GDP reduction amounted to 0.2% in 2016, but dynamics turned positive in the fourth quarter of 2016, the Central Bank reported. "In 2016, GDP reduction amounted to 0.2%. In the fourth quarter, GDP turned …

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