Central Bank: Russia’s moving up in Doing Business rating as good sign
The Central Bank sees Russia’s moving up in the Doing Business rating as a good sign, Deputy CEO of the Central Bank Vladimir Chistyukhin told reporters. “That is a very significant leap and a very positive sign for us. It shows that the efforts we made in many fields, in particular in corporate management were not in vain,” he said. Earlier this week it was reported that Russia moved up to the 40th position in the Doing...
Russian Economic Development Ministry hopes for 1.1% GDP growth in 2017
The base plus forecast by the Economic Development Ministry’s envisages GDP growth of 1.1% in 2017, Economic Development Minister Alexey Ulyukayev said today. Speaking at the Federation Council, the upper chamber of parliament, he said: “We may expect the recovery of the gross domestic product in 2017 by 1.1%, in 2018 by 1.1% and in 2019 by 2.4%.” Сapital outflow expected at $15 bln in 2016 The minister has also...
Bulgaria and Russia sign agreement to settle debt on Belene NPP project
Bulgaria and Russia have signed two agreements to settle the debt on the Belene nuclear power plant project in compliance with the decision of the international arbitration court in Geneva, Bulgarian Energy Minister Temenuzhka Petkova said after talks with First Deputy Head of Russian Nuclear agency Rosatom Kirill Komarov. “Today we have signed an agreement that finally settles our positions following the decision of the...
Moody’s revises outlook on Russia’s banking system to ‘stable’
Moody’s Investors Service has revised its outlook for Russia’s banking system to ‘stable’ from ‘negative’, “given emerging signs of the country’s economic recovery which will likely benefit its banks,” the agency said in a press release today. According to the report, “the outlook expresses Moody’s expectation of how bank creditworthiness will evolve in Russia over the next 12-18...
Russian-made software supplies to state agencies to double in 2016
Russian-made software supplies to state bodies may double in 2016 following the requirement to give priority to the software included in the national register in connection with governmental purchases, Communications and Mass Media Minister Nikolai Nikiforov told reporters. According to him, it is too early to speak about the outcome of the register’s introduction since budget purchases are not evenly made throughout the year but most...
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