Against the background of a more sustainable growth of industrial production than a year ago investments contracted in more than 40% of the subjects of the Russian Federation and as before concentrate in the metropolitan agglomeration and oil and gas producing regions. Housing construction...

Negative demand dynamics registered in early 2019 has not so far told on the output, estimates of finished products stocks and industrial enterprises forecasts. The industrial sector preserves optimism of expectations regarding demand, output and employment. However, the investment plans began...

Amid raising global oil prices, crude oil production in Russia in 2018 hit an all-time high for the post-Soviet period. Under the first stage of tax maneuver in force in the oil industry, production and export of fuel oil moved down resulting in contraction of oil refining volumes but refining...

Growth in the share of the elderly people cannot but lead to a higher burden on the able-bodied population. In the meantime, families' expenditures per child are increasing. In such a situation, it is inevitable either to increase insurance contributions or the retirement age

In 2019, it has become apparent that the gap in prices of imported tomatoes and Russian ones is narrowing. However, Russian glass-grown tomatoes are still more expensive than the imported ones despite new projects, depreciation of the rouble and good output yield

In 2018, the federal budget revenues moved up by 2.4 p.p. of GDP against 2017 not least because of the oil and gas revenues which grew by 2.2 p.p. of GDP and the expenditures contracted by 1.7 p.p. of GDP compared to the previous year. The federal budget limitation due to the budgetary rules has...

We have performed a decomposition of Russia's GDP growth rates to assess the current state of the Russian economy. Basic production factors (labour, capital, total factor productivity) in 2018 contributed to the growth around 1.6 p.p. Global crude oil prices posted a negative contribution of...

Russia's positive balance of trade significantly decreased in Q2 on the back of rapid contraction of exports value compared to imports. Net capital inflow was observed in the sector of federal administrative bodies and private enterprises. Banks were building- up foreign assets and were reducing...

OPEC+ agreements aimed at cutting oil production have became a significant factor affecting world oil prices. Implementation of these agreements led to the rise of global oil prices to $60-70 per barrel. In early July OPEC+ decided to extend current restrictions on oil production for another...

In May, according to industrial enterprises estimates, output, and employment held steady. Moreover, industry indicated its readiness to cut prices thus showing the termination of the VAT new rate pass-through into producers' prices. Business forecasts retain high level of optimism maintained by...