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    Russian Economy General News: #1

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    Pervius
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    Re: Russian Economy General News: #1

    Post  Pervius on Fri Jun 10, 2011 7:50 am

    America's insolvent and has no exports. Nobody has money to buy their expensive stuff. China's holding them up right now with profits off of chinese laborers sending goods to booming countries. Poor chinese. They are getting less and less now as well.

    Russia's exporting. Only thing keeping America going is some old men brought in from other countries always talking about "Statistics"....well if we screw over veterans in this State and pay them less for disability....statistically they are very nationalistic and won't rise up and demand more........well this country really likes America even if we don't give them money so if we give them little "statistically" they will still be our friends.....

    Russia is doing just fine. American's know whats going on and they aren't happy. When Obama announces new gun laws in America and the shooting starts....will Russia side with the Union (Obama) side as it did in the US Civil War.....or will it be smart and support the "South" this time....the Americans that hate the globalists?

    Russia would have been better off it they picked the other side in the US Civil War....politics...they were promised something and took it...instead of thinking ahead for the long term.


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    Re: Russian Economy General News: #1

    Post  Pervius on Tue Jun 21, 2011 1:28 pm

    Why doesn't Russia sell it's side of the International Space Station to China?

    What a powerful move that would be...and effectively the world will know China is the big SuperPower of the world.

    Then Russia use the money to put its own assets in space they don't have to share with anyone...and modernize their military.


    Why is Russia still spending all that money and wasting it's resources (people) keeping the ISS going? Those people could be turned overnight into another project.....

    PLUS Russia could make money selling "support" to China on how to keep their side of the ISS going should they run into any trouble with the blueprints.

    Why isn't Medvedev playing that card? Russia could find a new partner to have a joint space program and generate revenue...expand their field of influence as well

    GarryB
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    Re: Russian Economy General News: #1

    Post  GarryB on Wed Jun 22, 2011 5:07 am

    The ISS is actually MIR II.

    The original design for "Freedom" as the Americans were going to call it was quite different... and quite frankly rubbish.

    Russia has had a space station for decades and has invested a bit of money in the ISS.

    Right now if someone should leave it should be the Americans... they don't even have any way of getting to the station without Russian rockets right now... and for the next half decade at least.

    For the Russians to sell their share of the ISS to the Chinese the Chinese need to be interested in buying... and at the moment they are not.

    They are interested in Russian space technology and there is certainly some cooperation there.

    Viktor
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    Re: Russian Economy General News: #1

    Post  Viktor on Wed Feb 08, 2012 3:25 pm

    Well I dont get it, Russian economy is on the fall again - why so, I expected at least something like 5% BDP growth this year.

    Russia's GDP Growth to Fall to 3% - HSBC

    http://en.rian.ru/business/20120208/171216185.html


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    Re: Russian Economy General News: #1

    Post  GarryB on Wed Feb 08, 2012 10:41 pm

    Growth to fall to 3%.

    I am sure a lot of countries in the world would kill for a 3% growth rate right now, but it is stated like it is a bad thing.

    Russia has plenty of the same problems everyone else has, but 3% GROWTH is not one of their problems.

    BTW this thread was posted 3 YEARS ago and Russia doesn't seem to have collapsed in the mean time.

    Over the same time several European countries have been on the brink of economic melt down.

    It is not the end of the world to have no growth, especially during times of reform and restructuring, yet 3% growth is being portrayed as a bad thing... that makes me suspicious of the motives of those making the claims.

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    Re: Russian Economy General News: #1

    Post  flamming_python on Wed Feb 15, 2012 11:08 pm

    Pervius wrote:Why doesn't Russia sell it's side of the International Space Station to China?

    What a powerful move that would be...and effectively the world will know China is the big SuperPower of the world.

    Then Russia use the money to put its own assets in space they don't have to share with anyone...and modernize their military.


    Why is Russia still spending all that money and wasting it's resources (people) keeping the ISS going? Those people could be turned overnight into another project.....

    PLUS Russia could make money selling "support" to China on how to keep their side of the ISS going should they run into any trouble with the blueprints.

    Why isn't Medvedev playing that card? Russia could find a new partner to have a joint space program and generate revenue...expand their field of influence as well

    1. A space station is a very valuable asset, Russia is hardly wasting its resources if the ISS is serving as a boost for Russian space science, giving plenty of space-habitation/repair/etc... time for cosmonauts as well as giving plenty of lessons to the Russian space industry on how their various components/systems/modules/toilets/etc... work under real conditions. Russia is basically getting virtually all the benefits of owning its space station, without the costs of actually owning its own space station. Don't see how you can get a better deal than that.

    2. Russia doesn't have a particular shortage of funds right now, more money would be nice but it doesn't need to cut-back on some existing successful projects just to start/maintain some others.

    3. The Chinese are AFAIK building their own space station anyway.

    Viktor wrote:Well I dont get it, Russian economy is on the fall again - why so, I expected at least something like 5% BDP growth this year.

    Russia's GDP Growth to Fall to 3% - HSBC

    http://en.rian.ru/business/20120208/171216185.html


    Russian growth is just heating up, and has been over the course of last year. I'm no economist but its obvious the country has come out of the crisis and in good shape; consumption is picking back up again and so on, and importantly inflation growth is the lowest it has been for some 10 years or so.

    Honestly I would be very surprised if Russian growth is lower than 4% this year, once the presidential election is over without drama (hopefully), captial outflow should radically reduced (being as it is to the largest extent; motivated by political uncertainty), and Russian businessmen and Western corporations will pool their money back in now that they aren't afraid of the possibility of any more sudden upheavals.

    These forecasts on the other hand, are notoriously conservative. HSBC seems to be assuming that capital outflow will continue at the same rate after the elections as it did before; which is very much unlikely.

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    Re: Russian Economy General News: #1

    Post  GarryB on Thu Feb 16, 2012 1:00 am

    Just saw the growth figures for much of Europe France has 0.2 percent growth, most others are shrinking by a similar amount for the last quarter.

    Yes, I know the markets are different sizes, but growth is growth...

    A minor increase in oil prices should also benefit the Russians, though a huge increase wont be good for anyone... except the clean renewable technologies.

    TheArmenian
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    Re: Russian Economy General News: #1

    Post  TheArmenian on Thu Feb 16, 2012 6:40 am

    The Russian currency is also gaining recently against both the Euro and US$. It is now at just under 30 against the USd and just under 40 against the Euro.

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    Re: Russian Economy General News: #1

    Post  Austin on Thu Feb 16, 2012 6:59 am

    Russia Economy will grow above 4 % in coming years provided Oil Stays above $90.

    Putin said he wants to see economy grow above 6 % after Russia joined WTO.

    If they keep growth above 4 % and keep inflation at 2 % then it would be great achievement.

    The main challenge is to bring inflation to western standard and not growth.

    If they achieve it then Ruble will gain new value and can become one of the leading currency in the world.

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    Re: Russian Economy General News: #1

    Post  Austin on Thu Feb 16, 2012 7:51 am

    I remember former US Sec of State madeline albright famously quipped that its unfair a single country hold 80 % of worlds resource.

    Russia's Natural Resources


    http://siberianlight.net/russias-natural-resources/

    Viktor
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    Re: Russian Economy General News: #1

    Post  Viktor on Thu Feb 16, 2012 4:58 pm

    Austin wrote:I remember former US Sec of State madeline albright famously quipped that its unfair a single country hold 80 % of worlds resource.

    Russia's Natural Resources


    http://siberianlight.net/russias-natural-resources/

    LOL Very Happy Well she is free to take some if she can pass all those nukes in silos waiting.

    Viktor
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    Re: Russian Economy General News: #1

    Post  Viktor on Thu Feb 16, 2012 5:30 pm

    Whats with Titanium valley and Russian "Silicon" valley projects?

    Austin
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    Re: Russian Economy General News: #1

    Post  Austin on Thu Feb 23, 2012 6:47 pm

    An Iranian oil embargo and a Russian oil boon

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    Re: Russian Economy General News: #1

    Post  Austin on Sat Feb 25, 2012 6:24 pm

    Russia's Redesigned Economic Plans

    Austin
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    Re: Russian Economy General News: #1

    Post  Austin on Sun Jun 03, 2012 7:00 am

    GDP Figures of BRIC countries plus Germany , France and UK


    GarryB
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    Re: Russian Economy General News: #1

    Post  GarryB on Sun Jun 03, 2012 8:00 am

    The problem is that this gives a false view.

    Look at Germany and France. Most of the poor EU countries that are on the brink of collapse because they owe far more money than they could possibly ever pay back... called the PIGS... Portugal, Italy, Greece, Spain... or is the I Ireland??? Whatever... the point is that all that owed money is owed mostly to France and Germany so they aren't nearly as wealthy as they pretend because they have lent money and likely wont be getting it back any time soon... which means it really doesn't exist...


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    Re: Russian Economy General News: #1

    Post  Austin on Sun Jun 03, 2012 9:28 am

    Good Point Garry , Germany has 79 % debt and US more than 100 % Debt viz a viz its GDP , I wonder how much with Russia of low debt of 11 % reflects true GDP of these nation ?

    I have started a new Russian economic thread at mp.net and it has some interesting discussion that you can check , I have asked the same question out there

    http://www.militaryphotos.net/forums/showthread.php?213005-Russian-Economy-Finance-News-and-Discussion/page9

    TheRealist
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    Russia Faces Economy Trap as Oil Decline Looms, EBRD Says #1

    Post  TheRealist on Fri Dec 14, 2012 12:03 pm

    Russia Faces Economy Trap as Oil Decline Looms, EBRD Says
    By Henry Meyer and Agnes Lovasz on December 14, 2012

    Russia, the world’s largest energy exporter, is becoming increasingly dependent on commodities and failing to prepare for falling oil output in 20 years, the European Bank for Reconstruction & Development said.

    Corruption, poor education, immigration barriers and state dominance in the economy, which curbs private innovation, all hinder diversification, which is Russia’s key challenge, the London-based EBRD said in a report published today.

    Oil and natural gas account for almost 70 percent of exports and about half of budget revenue. The economy’s dependence on energy is greater today than in the mid-1990s, when it represented less than half of exports, according to the EBRD. The non-commodity share of exports fell to as little as 8 percent in 2011 from 15 percent in 1997.

    “If you look at all the talk, all the effort, over the last 10 years, very little has happened and you can argue that it has got worse,” Erik Berglof, the EBRD’s chief economist, said at a presentation today in Moscow. “Even Brezhnev talked about the need to diversify,” he said, referring to Soviet leader Leonid Brezhnev, who led the Soviet Union from 1964 until his death in 1982, a period characterized as an era of stagnation that paved the way for the country’s 1991 collapse.

    Price Swings

    President Vladimir Putin, who extended his 12-year rule this year after enduring the biggest unrest since he came to power, said in his annual state-of-the-nation address on Dec. 12 that Russia needs to reduce its vulnerability to sudden swings in commodity prices.

    Under current estimates, Russia’s known oil reserves, including fields in the Arctic, are enough to sustain the current rate of production for just 20 years, according to the EBRD. Kazakhstan, by comparison, can sustain current output for 60 years, Saudi Arabia for more than 70 years and the United Arab Emirates for more than 90 years, the EBRD said.

    Russia’s government doesn’t publish its own estimate of oil reserves, which are considered a state secret. The EBRD cited BP Plc data in its calculations. Russian crude oil and condensate production climbed to a post-Soviet record of 10.503 million barrels a day in November, a post-Soviet high, according to preliminary estimates from the Energy Ministry’s CDU-TEK unit.

    ‘Petro-State’

    “The problem of being a petro-state is that natural resource trends corrupt the institutions,” Sergei Guriev, rector of the New Economic School in Moscow and a government adviser who contributed to the EBRD report, said in an interview. “This is what is called the resource curse. This is a trap, where democratic political and economic institutions do not develop because rents coming from natural resources provide incentives to the elite not to develop institutions.”

    Russia’s economy grew at 7 percent a year on average during Putin’s 2000-2008 presidencies then contracted almost 8 percent in 2009 after crude prices plunged to $34 a barrel from $147. The current resource-based economy can’t deliver the growth rate of 5 percent to 6 percent that Russia needs over the next few decades, Putin said in his Dec. 12 address.

    ‘Non-State Capitalism’

    Russia is facing a fourth-straight quarter of slowing growth as weakening demand from China and Europe hurts exports and a surge in inflation saps consumer purchasing power. Gross domestic product will advance 3.5 percent in 2012, according to the government, slowing from last year’s 4.3 percent expansion. GDP will expand 3.5 percent next year, according to the median estimates of 35 economists in a Bloomberg survey last month.

    “A real change in the structure of the economy, the creation of new industrial sectors and the restoration of our leadership in traditional ones, the development of small and medium-sized businesses -- these are key issues,” Putin said. “I am sure that at the center of the new economic model should be economic freedom, private property and non-state capitalism.”

    Russian’s investment in promoting high-tech industries -- with public money accounting for 75 percent of research and development funding -- has yielded only limited results, the EBRD said.

    ‘Vicious Circle’

    While China and India have both “dramatically” increased the percentage of exports of goods and services accounted for by information and communications technology, Russia still has barely 20 percent of manufacturing exports with a high skill content, the bank said.

    A survey carried out by the EBRD and the World Bank in 2011-2012 in 37 of Russia’s 83 regions found that most of the 4,000 manufacturing and services companies that took part saw corruption, skilled-labor shortages and a lack of funding as the main obstacles to doing business. Only 3 percent of Russian companies exported in 2008-2009, compared with 15 percent to 17 percent in France and the U.S.

    “Non-resource sectors need property-rights protection, courts and good financial markets,” said Guriev. “All of those require good political institutions and so it’s a vicious circle.”

    State-owned companies account for about half of Russia’s economic output, or $1.14 trillion, according to BNP Paribas SA’s Moscow unit. That’s up from about 42 percent in 2008 and 38 percent in 2006 and doesn’t take into account state-run OAO Rosneft’s acquisition of TNK-BP, BP’s venture with a group of billionaires, BNP said in an Oct. 22 research note.

    The EBRD, owned by 63 countries and two intergovernmental institutions, was created in 1991 to invest in former communist countries and help them transform their economies. It’s expanding its scope to promoting market economies in North Africa, the Middle East and Turkey.

    http://www.businessweek.com/news/2012-12-13/russia-at-risk-from-dwindling-oil-reserves-european-bank-says

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    Re: Russian Economy General News: #1

    Post  Viktor on Fri Dec 14, 2012 5:02 pm

    Interesting how every "western" newspaper writing about Russian economy in general of who we talk about produces highly negative

    articles despite always positive trend in Russia economy.

    Virtually not debt. Smallest unemployment ever. Huge cash reserves. etc etc ...

    ricky123
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    Re: Russian Economy General News: #1

    Post  ricky123 on Fri Dec 14, 2012 8:24 pm

    i dont not understand .russia is such a big country and small population .. why it doesnt develop other ways of revenue ... why not develop the film industry . i only saw one russian movie . a kid who gets a car on his birthday from his dad and later the car starts flying Very Happy dont know the name ....maybe it is black lightining

    TR1
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    Re: Russian Economy General News: #1

    Post  TR1 on Fri Dec 14, 2012 9:47 pm

    ricky123 wrote:i dont not understand .russia is such a big country and small population .. why it doesnt develop other ways of revenue ... why not develop the film industry . i only saw one russian movie . a kid who gets a car on his birthday from his dad and later the car starts flying Very Happy dont know the name ....maybe it is black lightining

    Because it is easier to make money off that sweet sweet oil and gas Wink .

    There are positive trends however....civilian aviation is finally making progress.

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    Re: Russian Economy General News: #1

    Post  Firebird on Fri Dec 14, 2012 11:16 pm

    I dont think u can treat the EBRD seriously. I used to work for a company loosely connected with them.
    All they'd want to do is flood Russia with debt, flood it with inferior euroimports. And contaminate Russian with euro and American business school tripe ideologies. Basically they wnat to plunder Russia, just like under "shock Capitalism" in the early 90s.

    Naively I expected Russia to be catapulted into a tech exporting superpower overnight, on account of its great expertise in science and military matters.
    Nowadays, I realise that this sort of stuff takes time. Just like it took S Korea a fair while to be preeminent in phones and TVs. And Japan massively longer to succeed in the auto industry.

    Russian people are educated(very much in world terms). Debt is non-existent, resources are cheap, and Russia is now part of the WTO. People are hard workers. To me, Russia's prospects can be absolutely fantastic.
    Yes no-one knows where Russia will be pre-eminent, but I believe it can happen. Until now, Russia needed to convert its internal structures into market based ones. Now this is done. The next step is what will Russia concentrate on?
    Cars and planes? Bio and nano tech? I suspect finance COULD feature heavily. Who knows?

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    Re: Russian Economy General News: #1

    Post  Mindstorm on Sat Dec 15, 2012 12:53 am

    I am truly curious to know if those lobotomized Neanderthals at Bloomberg are even only aware that ,by 2012, those PATHETIC ,OUTDATED PRACTICALS OF COUNTER-WILL PROPAGANDA result not only merely LAUGHABLE and SELF-EMBARRASSING for today readers, but produce results exact opposites in respect to those intended : anyone, in facts, receive a clear perception of the absurd FEAR moving them (in particular theirs unmentionable, intimate awareness - corroborated by thousands of unmistakable hard indicators by now- that the descending curve of US civilization is already begun since a very long time and that the light of USA's star would very likely represented one of the less enduring of the whole Mankind's history Wink )


    Sorry for them, but that ridiculous garbage (naturally almost always coming from american-based "institutions" Laughing ) DON'T WORK anymore on 2012 Russian citizens ; do you know anyone can give a look to a simple data chart ,like that down here, and the first image appearing in its mind is that of a man quickly drowning Razz Razz Razz .








    After it see that chart , and the image change radically :







    Hard times for old school Bloonberg's anti-Russian PR attempts. Laughing Laughing


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    Re: Russian Economy General News: #1

    Post  GarryB on Sat Dec 15, 2012 7:34 am

    The irony of course it is the oil dependent west that will suffer the most in the next few decades as oil sources decline everywhere and it starts to get more and more expensive.

    Hilary Clinton has actually criticised China for its investments in alternative energy sources like Solar power, and cheap Chinese solar panels are being blocked from the US and EU because they are too "cheap" and represent an unfair competition to domestic manufacturers...


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    Re: Russian Economy General News: #1

    Post  ricky123 on Sat Dec 15, 2012 1:43 pm

    i think russia digs it own grave .. they could have done more to increase revenue from other things ... look at india we dont have so much .but we still earn a little bit ..
    russia could have taken advantage of good relations with india and done more to allow indian students to study in russia .. australia .uk and canada and usa they earn so much from outside students .australia alone earns $5 billion every year from outside students .. previously indians preferred russia but there were some racial attacks and also the medical degree is not recognized in india cuz the course is a little diff . i think russia could have done more in that dept ...
    just listen to putin when asked Why there are fewer Indian students going to Russia now?


    he never mentioned the problems faced but kept running around the bush ....
    just imagine if russia could provide quality education at cheaper price then other european countries .russia could make billions of dollars just from india students ..

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