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    Russian Economy General News: #5

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    Karl Haushofer
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    Re: Russian Economy General News: #5

    Post  Karl Haushofer on Fri May 08, 2015 10:35 am

    Neutrality wrote:Putin is lobbying like hell for Russian economic interests. It's sad that these radical oppositionists don't understand it.
    Maybe they understand it and that's the reason they hate him?


    Last edited by Karl Haushofer on Fri May 08, 2015 2:04 pm; edited 1 time in total

    Cyberspec
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    Re: Russian Economy General News: #5

    Post  Cyberspec on Fri May 08, 2015 10:43 am

    KoTeMoRe wrote:Oy Vey more Israeli-styled connections?

    I hope this time it is better controlled, because the mezzanine loans, which were a part of the Israeli smash and grab in Ukraine and Russia (albeit in a smaller scale) were typically screens for the mob back then.

    I hope this is the real deal.

    I don't think these are short term "raider" type plans....China has huge long term plans for Eurasia.....but we'll see I guess

    magnumcromagnon
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    Re: Russian Economy General News: #5

    Post  magnumcromagnon on Fri May 08, 2015 6:30 pm

    Karl Haushofer wrote:
    Neutrality wrote:Putin is lobbying like hell for Russian economic interests. It's sad that these radical oppositionists don't understand it.
    Maybe they understand it and that's the reason they hate him?

    Remember to introduce yourself in the member introduction forum.

    Viktor
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    Re: Russian Economy General News: #5

    Post  Viktor on Fri May 08, 2015 9:39 pm

    Nice thumbsup

    Russia, China agree to integrate Eurasian Union, Silk Road, sign deals

    China will also invest $5.8 billion in the construction of the Moscow-Kazan High Speed Railway, the Russian President said.

    Russia’s largest gas producer Gazprom and China’s National Petroleum Corporation (CNPC) signed an agreement on the basic conditions of gas supplies from Russia to China through the Western route. The agreement provides for the construction of the first, second and third Altai pipelines.

    Sberbank – Russia’s biggest lender - has signed a facility agreement with China’s Development Bank in the amount of $966 million. They also agreed on financing an industrial project by Sberbank to the tune of $256.4 million

    Russia's state-owned VTB Bank and the Export-Import Bank of China signed a $483.2 million loan facility agreement to finance trading operations between Russia and China.

    An agreement to create a leasing company which will promote the sale of the Russian Sukhoi Superjet-100 passenger planes to the Chinese and South-East Asian markets over the next three years has been set up

    Russia and China will also develop a new heavy helicopter, called the Advanced Heavy Lift

    Earlier on Friday, Russian Direct Investment Fund (RDIF), the Russia-China Investment Fund (RCIF) and the People’s Government of Heilongjiang Province agreed to launch a $2 billion fund targeting investment in agricultural projects in both countries

    The share of Chinese investment in Russia may soon reach 20 percent and amount to 40 percent in the medium to long-term, according to the CEO of RDIF Kirill Dmitriev.


    and last but not the least Very Happy

    RFPI and CCB draw in Russia $ 20-25 billion from China

    Neutrality
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    Re: Russian Economy General News: #5

    Post  Neutrality on Fri May 08, 2015 10:42 pm

    The news about the construction of the railroad between Kazan - Moscow and extra orders of SSJ-100 are the most exciting IMHO. The big railroad project alone should provide a ton of jobs while OAC (SSJ-100 producer) could attract those specialists from companies who are "optimizing" their work force.

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    Re: Russian Economy General News: #5

    Post  kvs on Sat May 09, 2015 12:25 am

    Neutrality wrote:The news about the construction of the railroad between Kazan - Moscow and extra orders of SSJ-100 are the most exciting IMHO. The big railroad project alone should provide a ton of jobs while OAC (SSJ-100 producer) could attract those specialists from companies who are "optimizing" their work force.

    If the partnership between Russia and China works out, then it will be the worst nightmare for the Atlanticists. They have been trying
    to draw China into their orbit since the 1970s. It really looked like they succeeded. But now we have a much less clear picture.
    The economic power of China+Russia will transform the whole of Asia and eventually Africa and Europe. The Europeans will have
    the decaying "hyperpower" and a growing market of almost 5 billion people to choose from.

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    Re: Russian Economy General News: #5

    Post  max steel on Mon May 11, 2015 2:44 pm

    New data shows that Russia's economic slump is continuing to snowball, with GDP falling by 3.4 percent in March 2015, up from 1.2 percent in February. As real salaries shrink, the population is cutting spending and looking to safeguard savings. Economists predict that Russia will not be able to arrest the slump in the economy until the end of 2015. Suspect

    Newly-published information indicates that in March 2015 the volume of Russia's GDP decreased year-on-year by 3.4 percent, the Russian business newspaper RBK Daily has reported. The data from the Ministry of Economic Development, released in early May, shows that in comparison with February 2015 the pace of the economy's year-on-year shrinkage was almost three times less, at 1.2 percent.
    "The acceleration of Russia's GDP fall in March is related to the high level of inflation pressure and expensive credit, which is having a negative effect on the dynamics of the country's economy," says Alexei Kozlov, chief analyst at UFS IC.
    The forecast for inflation in 2015 is 11.9 percent, while the Central Bank's key rate, which private banks use as a reference point, was 12.5 percent at the beginning of May.

    End of a cycle

    According to the information from the Ministry of Economic Development, the fall of real salaries is also continuing to accelerate. After a 7.4-percent reduction in February they dropped by another 9.3 percent in March. Meanwhile, the volume of work in the construction sector fell by 6.7 percent in March, which is the worst result since July 2014, says the ministry’s monitoring report.
    The ministry had earlier made slight improvements to its economic outlook for 2015, forecasting the economy to shrink by 2.8 percent instead of the previously predicted 3-percent fall in GDP.

    Meanwhile, data from the Russian Statistics Service indicates that the population has responded to the reduction of real salaries by beginning to actively save money. According to the data, in the first quarter of 2015 Russians spent 78.1 percent of their earnings on buying goods and services, while during the same period in 2014 the percentage was 82.3. Meanwhile, the purchasing of securities has doubled in respect to the first quarter of 2014 – a clear indicator that Russians have begun taking saving more seriously.


    Economists believe that the fall in GDP is also due to cyclical problems. "The recession in Russia as a whole resembles more the acceleration of the decline in the final phase of an economic cycle," says Anton Soroko, analyst at Finam Investment Holding.

    In his view, the economy is suffering from a number of factors, including the stagnation of the real sector as a result of the fall of oil prices and a decline in investment activity related to the growth of credit costs. Additionally, the growth of geopolitical risks and instability on financial markets is also influencing companies' investment activity.


    According to Soroko, it is still too early to say that the Russian economy has bottomed out: This may not occur until the second half of 2015.
    Outlooks for the future . Russian analysts believe that the country’s economy will continue to contract in the near future. "The fall of GDP will continue, but not substantially," says Boris Pivovar, senior professor in the Faculty of Economic and Social Sciences at the Russian Presidential Academy of National Economy and Public Administration. "During the spring and summer retail usually falls, especially sales of home appliances and automobiles."


    Pivovar points out that exports of oil and gas are also usually lower in the summer than in the winter months, and in the current political conditions a surge in sales and contracts is unlikely. "The negative trend will change in the fall-winter, when gas exports will pick up, especially to Ukraine, and the construction projects will have finished after the summer season," he says.

    Consequently, Pivovar predicts a short-term inertial fall in the first, second and third quarters and a substantial growth in GDP by 0.5-1.5 percent in the fourth quarter of 2015, as the traditional winter boost in the retail sector revives commerce.

    UFS IC analyst Alexei Kozlov, meanwhile, forecasts a slowdown in the pace of the growth of consumer prices as the ruble continues to stabilize, which will lower the cost of credit, letting steam out of the economy and stabilizing GDP dynamics.


    http://in.rbth.com/economics/2015/05/08/russian_gdp_decline_gathers_pace_43025.html

    KoTeMoRe
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    Re: Russian Economy General News: #5

    Post  KoTeMoRe on Mon May 11, 2015 2:53 pm

    max steel wrote:New data shows that Russia's economic slump is continuing to snowball, with GDP falling by 3.4 percent in March 2015, up from 1.2 percent in February. As real salaries shrink, the population is cutting spending and looking to safeguard savings. Economists predict that Russia will not be able to arrest the slump in the economy until the end of 2015. Suspect

    Newly-published information indicates that in March 2015 the volume of Russia's GDP decreased year-on-year by 3.4 percent, the Russian business newspaper RBK Daily has reported. The data from the Ministry of Economic Development, released in early May, shows that in comparison with February 2015 the pace of the economy's year-on-year shrinkage was almost three times less, at 1.2 percent.
    "The acceleration of Russia's GDP fall in March is related to the high level of inflation pressure and expensive credit, which is having a negative effect on the dynamics of the country's economy," says Alexei Kozlov, chief analyst at UFS IC.
    The forecast for inflation in 2015 is 11.9 percent, while the Central Bank's key rate, which private banks use as a reference point, was 12.5 percent at the beginning of May.

    End of a cycle

    According to the information from the Ministry of Economic Development, the fall of real salaries is also continuing to accelerate. After a 7.4-percent reduction in February they dropped by another 9.3 percent in March. Meanwhile, the volume of work in the construction sector fell by 6.7 percent in March, which is the worst result since July 2014, says the ministry’s monitoring report.
    The ministry had earlier made slight improvements to its economic outlook for 2015, forecasting the economy to shrink by 2.8 percent instead of the previously predicted 3-percent fall in GDP.

    Meanwhile, data from the Russian Statistics Service indicates that the population has responded to the reduction of real salaries by beginning to actively save money. According to the data, in the first quarter of 2015 Russians spent 78.1 percent of their earnings on buying goods and services, while during the same period in 2014 the percentage was 82.3. Meanwhile, the purchasing of securities has doubled in respect to the first quarter of 2014 – a clear indicator that Russians have begun taking saving more seriously.


    Economists believe that the fall in GDP is also due to cyclical problems. "The recession in Russia as a whole resembles more the acceleration of the decline in the final phase of an economic cycle," says Anton Soroko, analyst at Finam Investment Holding.

    In his view, the economy is suffering from a number of factors, including the stagnation of the real sector as a result of the fall of oil prices and a decline in investment activity related to the growth of credit costs. Additionally, the growth of geopolitical risks and instability on financial markets is also influencing companies' investment activity.


    According to Soroko, it is still too early to say that the Russian economy has bottomed out: This may not occur until the second half of 2015.
    Outlooks for the future . Russian analysts believe that the country’s economy will continue to contract in the near future. "The fall of GDP will continue, but not substantially," says Boris Pivovar, senior professor in the Faculty of Economic and Social Sciences at the Russian Presidential Academy of National Economy and Public Administration. "During the spring and summer retail usually falls, especially sales of home appliances and automobiles."


    Pivovar points out that exports of oil and gas are also usually lower in the summer than in the winter months, and in the current political conditions a surge in sales and contracts is unlikely. "The negative trend will change in the fall-winter, when gas exports will pick up, especially to Ukraine, and the construction projects will have finished after the summer season," he says.

    Consequently, Pivovar predicts a short-term inertial fall in the first, second and third quarters and a substantial growth in GDP by 0.5-1.5 percent in the fourth quarter of 2015, as the traditional winter boost in the retail sector revives commerce.

    UFS IC analyst Alexei Kozlov, meanwhile, forecasts a slowdown in the pace of the growth of consumer prices as the ruble continues to stabilize, which will lower the cost of credit, letting steam out of the economy and stabilizing GDP dynamics.


    http://in.rbth.com/economics/2015/05/08/russian_gdp_decline_gathers_pace_43025.html

    Nothing new.Pretty small price for Crimea.

    NationalRus
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    Re: Russian Economy General News: #5

    Post  NationalRus on Mon May 11, 2015 2:57 pm

    it is a very small price for our land but we need this damn economic reforms badly, all i see is desperate talks "about" the reforms but no reforms themselfs.... like always Rolling Eyes and its not like 3 weeks have passed... a fucking years has gone by

    last time i heard putin say to a minister that beurocracy should be nearly completly eliminated to start a new business but did actaully somthing happened? nah

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    Re: Russian Economy General News: #5

    Post  sepheronx on Mon May 11, 2015 5:01 pm

    NationalRus wrote:it is a very small price for our land but we need this damn economic reforms badly, all i see is desperate talks "about" the reforms but no reforms themselfs.... like always Rolling Eyes and its not like 3 weeks have passed... a fucking years has gone by

    last time i heard putin say to a minister that beurocracy should be nearly completly eliminated to start a new business but did actaully somthing happened? nah

    But that isnt the issue here. The issue here is people are not spending money and credit interests are too high.

    They say real wages dropped, but how do they determin this? I doubt they took pay cuts, and I highly doubt it is based upon forex. So if they are comparing it to inflation, then welcome to the western lifestyle, where inflation always goes up higher than wages. If they just say "well, we are only making $500 a month rather than $1000 because our ruble dropped in value....", is a very wrong interpretation.

    What people dont realise is if your hoard money, amd not spent, companies lose money, people lose jobs, less taxable income, meams loss of services.

    Most reforms anywhere dont revert to anything. Putin can lambast all he wants, and fire politicans and what not, but it wont solve anything. And while many new small private companies have been opening up and new enterprises opening new production, there is still a drop, so it is something else. I would also look at the average worker/employer and go after them too. How much money is lost in under the table transactions? Statistically people have reduced pay, but how much of that is just official wages vs being paid under the table? Russia is a nation where the black economy is valued by $90B two years ago. Probably higher now.

    Russia needs to, imo, move to a domestic consumption priority economy. You wont be able to sell everything outside, so it is far better to try and sell your own goods to your people and neighbours whom are interested as well. I see another big one, is reduced sales in exports....

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    Re: Russian Economy General News: #5

    Post  PapaDragon on Mon May 11, 2015 8:32 pm

    Greece asked to become a member of BRICS Development Bank

    http://lenta.ru/news/2015/05/11/brics/

    Machine translation:

    Greece asked to become a member of the new bank of BRICS, reported online party SYRIZA.

    Such a proposal in a telephone conversation with Greek Prime Minister Alexis Tsipras made Deputy Finance Minister Sergei Storchak, a representative of a new financial institution. The bank must be one of the instruments for financing infrastructure projects.

    "The prime minister thanked Storchak, saying that it was a pleasant surprise invitation to Greece. Tsipras promised to carefully study the proposal, which he will have the opportunity to discuss with the leaders of the BRICS countries in St. Petersburg during the visit of the Prime Minister to attend the St. Petersburg International Economic Forum on June 18-20, "- said in a statement SYRIZA......
    .....................................................

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    Re: Russian Economy General News: #5

    Post  sepheronx on Mon May 11, 2015 11:36 pm

    I dunno about that.

    Greece, much like most EU and US are fudging their numbers to make it look like they are growing economically (Greece had a GDP growth apparently) but a growing nation does not suppose to have those issues that a growing nation has, and it is a worst part of what Russia has - a growing number of people not paying their taxes and a black economy.  IMF debt is never going to be paid as it is always increasing more than their incomes, but if they keep this same mentality onwards to BRICS, then it will be a problem for BRICS.

    http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aOTizH719nB4

    If these numbers are true in Russia in terms of Shadow economy, then they really need to fix this issue.

    ________________________________________________________________

    I was thinking on what can Russia do about its economy?  What can they do to give this perception of growth?  What are the tricks and secrets?  How come Russia can have nearly every sector covered in terms of both manufacturing and development/banking, while England does not have any at all of making an end product, yet has growth and Russia does not?

    I mean, if they rely on their own people, they will have a smaller economy.  If they rely on selling outside, they are at the whim of other countries, even if they diversified their exports (which they have).  If they fudge their numbers, they may get away with it but it will be a forever problem.  So what can Russia do?  It is one of the few most honest economies that exist in our world, while UK, US, etc add in Drugs, prostitution and other illegal activities towards GDP numbers.  Should Russia simply just disband from the GDP calculation method?  Should they start a different method through the BRICS bank?  I fear Russia has this ideal of being something grand through these western institutions and rating agencies, when it will never be that case.  So what should they do?  Going back to the barter system wont work.  Gold value?  Dunno.  That would make it even more honest but that would work against them in a dishonest world.  They could be dishonest, but that could create more rot at the core like it is here.

    What could they do in order to get people spending again?  One thing people dont seem to realise, is that when they hoard, they are preventing the flow of the cash and that means it will hurt them in the end and the money they are hoarding.  So how do we break that from people?  How do we get them to start spending?  Cheap credit will create a problem more so than anything as people will spend more than they make and rack up credit they may not be able to pay off.  So what else?  Control the value of goods and take control of the main enterprises?  That will hurt competition, which competition helps lower prices and increase flow of goods (but could cause over production which is another major issue).

    Does anyone have any good ideas they would like to share?

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    Re: Russian Economy General News: #5

    Post  kvs on Tue May 12, 2015 1:20 am

    That Bloomberg piece is total trash. One can't even get all the relevant numbers from it.

    Also, the article is from 2010.

    The shadow economy was 50% around 1999. It is one of the slower declining components of the Russian economy.
    The figure of 20% in 2010 is actually in line with its slow decline. It never hit zero between 1999 and 2010.

    Russia’s economy, which last year contracted the most since the collapse of the Soviet Union in 1991, saw the unemploymentrate jump from 7.6 percent in September to a four-month high of 8.1 percent in November.

    Need I really explain what a load of excrement this claim is? Russia's GDP contracted the most in 1998.
    He is also comparing to 1991. Russia's GDP fell by 40-50% between 1991 and 2000.

    BTW, even with the recent collapse of the ruble exchange in 2014 it grew 0.6% (http://www.tradingeconomics.com/russia/gdp-growth-annual).

    Considering that Russia's GDP shrank quite a bit in 2009 due to the 2008 financial crisis, an increase
    in shadow economy activity is to be expected. The shadow economy is induced by economic stress.

    This article has no relevance for 2015 since Russia's GDP will not experience the decline it did in 2008-2009.


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    Re: Russian Economy General News: #5

    Post  sepheronx on Tue May 12, 2015 3:58 am

    OK, fair enough. I seen other ones dated from last year about how shadow economy or people being paid under the table constituted something ridiculous like $90B in lost tax money. Russia is no different technically to that of Italy and Greece with similar issues.

    But since I got your attention KVS, what do you think should be the steps taken and what should be concentrated on? I tend to like your opinions so I would like to hear on this from you.

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    Re: Russian Economy General News: #5

    Post  kvs on Tue May 12, 2015 4:19 am

    sepheronx wrote:OK, fair enough.  I seen other ones dated from last year about how shadow economy or people being paid under the table constituted something ridiculous like $90B in lost tax money.  Russia is no different technically to that of Italy and Greece with similar issues.

    But since I got your attention KVS, what do you think should be the steps taken and what should be concentrated on?  I tend to like your opinions so I would like to hear on this from you.

    The shadow economy is not the same thing as corruption.  I see it here in Canada where you can pay someone for contract work or
    goods in cash to avoid paying taxes.   So it will never be zero, especially not in Russia.   In my view its natural level is around
    10% of the GDP.   Many articles on the subject ladle on the political bias of the journalist and the rag they work for.   Any sort of
    shadow economy and corruption in Russia is used as a pretext for denigration and moral pontification.   The exact same conditions
    in the west are totally ignored.  

    I do not find the $90 billion in lost tax money estimate to be credible.   That's like 50% of the federal tax revenue level.  I think it
    scales with the GDP fraction.  So the real amount is 20% as of 2010 and less today.   I really would be more worried about the
    legal tax evasion that is rampant in the west also being the case in Russia.  Since Russia likes to import western myths and tries
    to make them reality.

    For example, the case of GE.  

    http://www.huffingtonpost.com/2013/03/11/general-electric-taxes_n_2852094.html

    http://www.nydailynews.com/opinion/pay-taxes-ge-article-1.1061158

    I can see that the sort of under the table tax evasion I have seen in Canada would be larger in Russia due to economic stress
    and cultural issues (i.e. people lost respect for many things under communism and the Yeltsin era was in many ways the coup
    de grace).   But this is peanuts compared to the shenanigans of corporations who shuffle their incomes through offshore banks.

    I have not seen anything that indicates the shadow economy is some crisis for Russia.  It is a slowly disappearing feature which
    cannot be removed by edict and prosecution unless we want a return to authoritarianism.   Frankly, it does not merit the amount
    of attention it is being given.   The key thing for Russia is to facilitate economic growth.   The monetarist clowns in the system
    are actually a bigger threat.

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    Re: Russian Economy General News: #5

    Post  Viktor on Tue May 12, 2015 9:48 pm

    Nice thumbsup

    Ministry of Industry is going to radically change the situation in the Russian shipbuilding

    Priority projects in the aircraft industry granted a further state support

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    Re: Russian Economy General News: #5

    Post  Cyberspec on Wed May 13, 2015 2:30 am

    kvs wrote:I have not seen anything that indicates the shadow economy is some crisis for Russia.  It is a slowly disappearing feature which
    cannot be removed by edict and prosecution unless we want a return to authoritarianism.   Frankly, it does not merit the amount
    of attention it is being given.   The key thing for Russia is to facilitate economic growth.   The monetarist clowns in the system
    are actually a bigger threat.

    x2 ... agree with the rest of your thoughts on this as well

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    Re: Russian Economy General News: #5

    Post  sepheronx on Wed May 13, 2015 2:38 am

    kvs wrote:
    sepheronx wrote:OK, fair enough.  I seen other ones dated from last year about how shadow economy or people being paid under the table constituted something ridiculous like $90B in lost tax money.  Russia is no different technically to that of Italy and Greece with similar issues.

    But since I got your attention KVS, what do you think should be the steps taken and what should be concentrated on?  I tend to like your opinions so I would like to hear on this from you.

    The shadow economy is not the same thing as corruption.  I see it here in Canada where you can pay someone for contract work or
    goods in cash to avoid paying taxes.   So it will never be zero, especially not in Russia.   In my view its natural level is around
    10% of the GDP.   Many articles on the subject ladle on the political bias of the journalist and the rag they work for.   Any sort of
    shadow economy and corruption in Russia is used as a pretext for denigration and moral pontification.   The exact same conditions
    in the west are totally ignored.  

    I do not find the $90 billion in lost tax money estimate to be credible.   That's like 50% of the federal tax revenue level.  I think it
    scales with the GDP fraction.  So the real amount is 20% as of 2010 and less today.   I really would be more worried about the
    legal tax evasion that is rampant in the west also being the case in Russia.  Since Russia likes to import western myths and tries
    to make them reality.

    For example, the case of GE.  

    http://www.huffingtonpost.com/2013/03/11/general-electric-taxes_n_2852094.html

    http://www.nydailynews.com/opinion/pay-taxes-ge-article-1.1061158

    I can see that the sort of under the table tax evasion I have seen in Canada would be larger in Russia due to economic stress
    and cultural issues (i.e. people lost respect for many things under communism and the Yeltsin era was in many ways the coup
    de grace).   But this is peanuts compared to the shenanigans of corporations who shuffle their incomes through offshore banks.

    I have not seen anything that indicates the shadow economy is some crisis for Russia.  It is a slowly disappearing feature which
    cannot be removed by edict and prosecution unless we want a return to authoritarianism.   Frankly, it does not merit the amount
    of attention it is being given.   The key thing for Russia is to facilitate economic growth.   The monetarist clowns in the system
    are actually a bigger threat.

    OK Fine, but what do you think are areas Russia should concentrate on and what do you think will help with its growth? I still think a more solid method is relying on domestic demands and tailoring your countries development specifically to the needs of your people, that includes basic civil goods. It wont make Russia massive rich by any accounts or make it look like some banking power that lies and fudges numbers to make it look like you are growing, but it will make Russia a very honest economy. Add to that, they could increase service sector greatly too. Companies can offer healthier, tastier and cheap fast food options. Rusburger cannot do it alone.

    kvs
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    Re: Russian Economy General News: #5

    Post  kvs on Wed May 13, 2015 4:00 am

    The number one priority should be to reduce interest rates to 5% or less. The CBR and its evaluation of
    Russian inflation are simply detached from reality. It is actually possible to have more inflation with
    anti-inflationary monetarist policies. This paradox is something monetarists cannot understand.

    We have already seen that stopping the rot at the top leads to a vast improvement in the whole
    political and economic climate of the country. A clean regulatory policy and no lobbying loop holes
    should be the priority. If laws are enforced fairly and consistently the gain legitimacy and respect
    and slowly society starts "behaving". This is a multi-decade process.

    In the short run a low interest rate policy would reduce the ruble to 60:1 to the dollar and kill two birds
    with one stone. Create conditions for proper business activity (formation and growth) in Russia and
    reduce domestic production killing imports. I would say about 50% of this is already in place. But
    the CBR needs to be cleaned out along with the Ministry of Finance and their loopy interest rates should
    be thrown in the trash bin.

    It is clear already that there is enough adaptation capacity in Russia and the sanctions are ineffective.
    Now it is time to capitalize on this moment.

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    Re: Russian Economy General News: #5

    Post  Viktor on Thu May 14, 2015 10:34 pm

    So long EU bankar fags ....  thumbsup

    China Development Bank will provide money for HSR "Moscow-Kazan"

    LOL  russia

    Britain will increase direct purchases of gas from Russia by 70%

    going strong thumbsup

    Cabinet approved the construction of 20 large pipelines

    sepheronx
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    Re: Russian Economy General News: #5

    Post  sepheronx on Thu May 14, 2015 10:42 pm

    Kamaz more than likely to open up a plant in China. They already have a plant in India.

    http://tass.ru/en/economy/794741

    Forecasted industrial decline signals underuse of innovations — Russian parliament speaker

    Not good. You would think that with import substitution, industrial production would be much higher, rather than being reduced. Something is off of course. Maybe due to lack of domestic purchasing, and thus industrial production sites have to reduce production or close shop. Who knows.

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    Re: Russian Economy General News: #5

    Post  KoTeMoRe on Thu May 14, 2015 11:02 pm

    sepheronx wrote:Kamaz more than likely to open up a plant in China.  They already have a plant in India.

    http://tass.ru/en/economy/794741

    Forecasted industrial decline signals underuse of innovations — Russian parliament speaker

    Not good.  You would think that with import substitution, industrial production would be much higher, rather than being reduced.  Something is off of course.  Maybe due to lack of domestic purchasing, and thus industrial production sites have to reduce production or close shop.  Who knows.

    Nope nothing out of the ordinary. Summer is coming, industrial products will dip, money will be allocated to vacations and stuff. If nothing changes by August, then you'll have an issue.

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    Re: Russian Economy General News: #5

    Post  higurashihougi on Fri May 15, 2015 5:49 am

    Not really relevant but...

    http://sputniknews.com/business/20150514/1022132502.html

    Russia advanced to 26th place in the Human Capital Report 2015 index, beating out South Korea overall and Japan among 15-25 year olds.

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    Re: Russian Economy General News: #5

    Post  Werewolf on Fri May 15, 2015 10:32 am

    As long such indexes are made by people with agendas to boost themselfs there is no point even using such indexes. The best example is the world corruption index, Germany and US should be among top 10 but of course they are not.

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    Re: Russian Economy General News: #5

    Post  sepheronx on Fri May 15, 2015 4:54 pm

    Werewolf wrote:As long such indexes are made by people with agendas to boost themselfs there is no point even using such indexes. The best example is the world corruption index, Germany and US should be among top 10 but of course they are not.

    The problem with all measurement index is what you said. Even using GDP numbers has recently been under scruiteny (Specifically GDP Nominal) because lots of countries are either outright lying about their performances (USA with Military Hardware purchasing added in and debt) or incorporating illegal and none taxable income from drug dealings and prostitution (Spain, UK, US, Italy, etc).

    I read on zerohedge: http://www.zerohedge.com/news/2015-05-14/ray-dalio-if-you-dont-own-gold-you-either-dont-know-history-or-economics

    I would say, gold, silver, Paladium and Platinum are true currency holders and people should be investing in them. I have already invested in silver and my understanding is that silver has increased in price already.

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