forecasts

Oil market almost balanced, Maxim Oreshkin says

It is hardly worth waiting for drastic changes of the oil prices - the oil market is almost balanced, the head of the Ministry of Economic Development, Maxim Oreshkin said. According to him, the ministry did not take into account the …

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 IMF to upgrade its outlook for global growth

The head of the International Monetary Fund Christine Lagarde said that 'the long-awaited global recovery is taking root' and that three-quarters of the globe is enjoying an economic upswing in 'the …

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Why did Russia’s rating grow?

According to Reuters, ratings agency Fitch revised its outlook on Russia’s long-term foreign- and local-currency issuer default ratings to positive from stable. Fitch, which also affirmed Russia’s rating at “BBB-”, said …

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Bank of Russia predicts decline in inflation

The Bank of Russia has published a new inflation forecast. According to the bank, the inflation rate will slow in 2016 more than the central bank previously predicted: in the end of 2016 the inflation rate will be 56% instead of 67%, a report of …

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Kudrin names main problems of Russian economy

Former Russian finance minister Alexei Kudrin has named dependence on energy prices, an aging population, a high share of the state in the real sector and the excessive centralization of the state administration as the main …

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S&P confirms credit rating of Russia

The international rating agency Standard & Poor's has confirmed the long-term sovereign credit rating of the Russian Federation in foreign currency at the level of 'BB +' with "negative" forecast. At the same …

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IEA predicts decrease in Russian oil output

The largest decrease in oil output in the next six years among non-OPEC countries is expected in Russia, the Executive Director of the International Energy Agency (IEA) Fatih Birol informed at CERA WEEK in Houston. …

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