The concept of the emission and circulation of the digital ruble published by the Bank of Russia, suggests the active implementation of the intermediary functions between the end users and the digital ruble platform by credit institutions. In this regard, the risks of an outflow of deposits from...

In 2020, the budget policy of the Russian Federation regarding regions had a strongly pronounced counter-cyclical nature aimed at immediate support of the worst-off subjects. This measure allowed to offset declining tax and non-tax revenues and ensure implementation of regional anti-crisis...

The dynamics of demand, moderately negative in comparison with the pessimistic forecasts, allowed the industry to avoid a reduction in output in January, to revise the production and sales plans for the better. However, according to regular polls by the Gaidar Institute, these factors also...

As shown by the study conducted in 2020 by the RANEPA Center for Lifelong Learning Economics (CLLE),1 the main reasons behind the respondents’ choice in favor of secondary vocational education (SVE) can be divided into four groups: lack of proper knowledge and/or motivation to learn; shortage...

The final transition to escrow accounts model in financing residential construction was the highlight of the mortgage market in 2020. The model provided state guarantee for the citizens investing in housing at the construction stage. The reduction of credit rates and implementation of the state...

The direct regulation of prices for vegetable oil, sugar, and bread has helped to stop their growth, however it has not resulted in halting food inflation as a whole. Restrictive measures on wheat exports have led to world prices growth but when put into effect they can reduce prices for the...

Continued demand growth amid increasing shortage of finished goods inventories allowed Russian industry to maintain the output growth at the end of the year. Rather stable and planned recruiting of personnel coupled with a downward trend in investment pessimism allow to discuss the future...

Based on the Q4 2020 results, industrial production outturns increased mainly on the back of extractive industries, particularly, owing to export coal supplies to China and Europe. In manufacturing, output growth still prevails in food, textile and chemical industries

In 2020, the migration growth of the population of Russia has sharply decreased, amounting to 81.7 thousand people in January-September. By early winter, the number of labor migrants in Russia decreased by 25%, while the share of those legalized in the labor market has not changed. As the...

The enterprises needed three months to overcome the April decline in demand, and in July, the estimates reached the pre-crisis level. Then there was a three-month pause, followed by growing demand, according to manufacturers’ estimates. The growth rate of sales increased by 9 p.p. in November...