A recent Federal Treasury Board announced a reduction in the number of federal employees. The task is to bring the remuneration of public officials to a competitive level among other things. This task can be solved, but in order to do it the system of salaries and wages should become more...

The number of long-term migrants to Russia has not been growing since 2014, while the rate of their departures keeps increasing. The migration growth – the lowest in the post-Soviet period – fails to make up for the natural decline in the population

Households' bank savings at the turn of 2019 have demonstrated better performance against the last year. The largest share of deposits unlike last year was denominated in foreign currency. In the meantime, brisk recovery of the bank lending on the retail side is ongoing. This strengthens the...

In the first months of 2019, Russian industry preserved output growth amid the recovery of the sales upward dynamics and around zero balance estimates of finished goods inventory. Nearly half of enterprises consider insufficient demand a major setback for significant output growth. Nevertheless,...

In 2018, exports of fuel and energy commodities increased by nearly 36%t as compared to the previous year, while growth in non-oil and gas exports amounted to over 11%. However, it was mainly facilitated by improvement of the pricing situation on the market. Within a year, imports rose by 5%...

In 2018, banking credit plays the key role in the provision of the corporate sector's borrowed resources. From 2014 through 2017, increment of the total bond market debt exceeded Rb 1 trillion, which was comparable with the bank debt growth of the corporate borrowers. Bank lending notably...

In 2018, the developing economies were experiencing a capital outfl ow due to toughening, by the USA, of its monetary policy, as well as the trade war between China and the United States. The most vulnerable ones turned out to be Argentina and Turkey, two countries that had accumulated quite a...

In 2018 Russia continues to reduce, since the 2014–2015 crisis, its external debt. An additional factor contributing to the reduction of debt to non-residents is that non-residents have reduced their holdings of OFZ bonds over fears of new sanctions against Russia. Therefore the today's level...

Balance sheet profits declined markedly in January-July 2018 compared to the same period of 2017 mainly because of resumed growth in loan loss provisions. A positive factor was represented by growth in net interest income and in profits from regular banking operations

In early 2018, growth in wages and salaries in Russia was related to a substantial increase in the labor remuneration of employees in education and healthcare. Such an increase was feasible as a result of implementation of the President's May 2012 Decrees which set targets as regards wages and...