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    Russian Economy General News: #8

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    Austin
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    Re: Russian Economy General News: #8

    Post  Austin on Tue May 16, 2017 7:08 pm

    SPIEF 2017 https://forumspb.com/en/2017/sections/51/materials/266
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    miketheterrible
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    Re: Russian Economy General News: #8

    Post  miketheterrible on Thu May 18, 2017 7:19 pm

    http://tass.com/economy/946210

    UN experts improve Russian economic outlook, note success of import substitution program

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    Re: Russian Economy General News: #8

    Post  Austin on Fri May 19, 2017 5:25 pm

    Kommersant says SAP 2018-2025 will cost 17 trillion rouble compared to SAP 2011-2020 cost of 19 Trillion rouble

    https://www.kommersant.ru/doc/3299342
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    franco
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    Re: Russian Economy General News: #8

    Post  franco on Fri May 19, 2017 11:45 pm

    IMF invited Russia to increase the age of retirement

    The Russian authorities should increase the age of retirement, the International Monetary Fund (IMF) believes.
    The pension reform, providing for a legislative increase in the retirement age, would help mitigate the impact of negative demographic trends on the labor market, while an appropriately designed budget rule would, as noted above, protect competitiveness by easing the impact of volatile oil prices on the exchange rate
    - said in the final statement of the IMF after the traditional visit of staff to Russia, RIA Novosti reported.

    According to the Pension Fund of Russia (PFR), in 2016 the number of pensioners was 43.3 million people, the expected number of pensioners in 2017 is 43.9 million people. Earlier, the Vedomosti newspaper reported that former head of the RF Ministry of Finance, head of the Center for Strategic Research (CSR) Alexei Kudrin prepared for President Vladimir Putin a strategy that suggests reducing the number of pensioners. According to the CSR, the age of retirement should be increased for women up to 63 years, for men - up to 65. The increase should be carried out with a step of half a year starting from 2019.
    The head of the Federation Council Committee on Social Policy Valery Ryazansky said that Kudrin's proposal to reduce the number of pensioners is unlikely to be realized in the near future, the savings from this "radical decision" are questionable. He also stressed that in the first place in the construction of the pension system should not be its economic parameters, but the life expectancy and active age of the Russians.
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    miketheterrible
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    Re: Russian Economy General News: #8

    Post  miketheterrible on Sat May 20, 2017 7:35 am

    Austin wrote:Kommersant says SAP 2018-2025 will cost 17 trillion rouble compared to SAP 2011-2020  cost of 19 Trillion rouble

    https://www.kommersant.ru/doc/3299342

    When they say 19T rubles, I take it they don't mention the money being used from it to upgrade existing facilities and manufacturing bases?
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    Re: Russian Economy General News: #8

    Post  kvs on Sat May 20, 2017 1:10 pm

    miketheterrible wrote:
    Austin wrote:Kommersant says SAP 2018-2025 will cost 17 trillion rouble compared to SAP 2011-2020  cost of 19 Trillion rouble

    https://www.kommersant.ru/doc/3299342

    When they say 19T rubles, I take it they don't mention the money being used from it to upgrade existing facilities and manufacturing bases?

    Kommersant is fake media. It was owned by Berezovsky and is terminally tainted with his 5th column filth.

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    Re: Russian Economy General News: #8

    Post  Austin on Sat May 20, 2017 5:51 pm

    Medvedev submitted to Putin the government's action plan for 2017-2025

    Подробнее на ТАСС:

    http://tass.ru/politika/4267127


    As the Prime Minister of the Russian Federation said, the action plan of the Cabinet of Ministers assumes that the Russian economy will enter the growth rates at the level and above the world average in the period 2019-2020


    BOCHAROV RUCEI, May 19. / TASS /. Prime Minister Dmitry Medvedev presented President Vladimir Putin with a government action plan for 2017-2025.

    The government's action plan until 2025 assumes that the Russian economy will enter the growth period at the level and above the world average in the period 2019-2020, the prime minister said.

    "In accordance with your instructions, the government has prepared a comprehensive plan - these are general approaches to how our economy and social sphere can develop in the period from 2017 to 2025, as you rightly said, bearing in mind the task that was set by the president in Message, "Medvedev said at a meeting with Russian President Vladimir Putin.

    "Namely, the output somewhere in the period 2019-2020 on the growth rate of our economy at the level of the world average and above the world average will enable our economy to develop faster and solve major social problems," the Prime Minister specified.

    "The plan itself is aimed at it, it includes quite a few different proposals," Medvedev said.

    They, he said, should be discussed, with a view to the parallel development of relevant proposals by the expert community. "We are in direct contact with them, we are discussing various proposals," the prime minister said.

    Importance of economic strategy

    Russia should have a clear plan for the development of the economy and social sphere, regardless of personalities and political schedule, the Russian president said.

    "I asked the government to prepare a plan for the development of the economy, determine the prospective areas of development, the means to achieve these goals for the period 2017-2025. I mean not only domestic political and internal political agenda, but also that our well-known blueprints for 2020 we Were forced to adjust them accordingly, and the 20th year is already around the corner, "Putin said.

    "Regardless of any personalities, regardless of even the internal political schedule, the country must have a clear and understandable plan for the development of the economy and social sphere," he said.

    He reminded that expert groups also work on the relevant plan. "But, of course, the work that was carried out by the government of the Russian Federation should be at the heart of all the proposals made," the Russian president said.

    He suggested the Prime Minister to discuss the ideas of the government, and then the final version will be adopted on the readiness and development of experts.

    Draft strategy from the government

    The head of the Ministry of Economic Development, Maxim Oreshkin, said earlier that the government's draft plan for the development of the economy until 2025, which involves the implementation of measures to accelerate growth to the world average, should ensure predictability of economic conditions for doing business in Russia and for citizens. The key factor for accelerating the growth rate should be the topic of increasing labor productivity.

    To develop the plan, the Ministry of Economic Development and Trade has created 10 working groups in various areas, including tax policy, support for exports,

    In February, Medvedev presented several key areas of the plan. So, according to the prime minister, one of the main tasks for the period until 2025 is to ensure the stability of macroeconomic dynamics and the system of tax payments. Another block of measures concerns the improvement of efficiency in the sphere of employment. The third most important task the head of government called the creation of a smart economy, based on the intellectual potential of the nation, on the achievements of science and technology.

    The fact that the draft government program for economic development is in the final stages of preparation, the president said on May 15, answering journalists' questions. At the same time he said that in the near future the Prime Minister will represent her.

    Work of experts


    In addition to the Cabinet, other experts are working on development programs, in particular Stolypin Club, as well as the Center for Strategic Research (CSR), headed by former Finance Minister and Deputy Chairman of the Economic Council under the President of the Russian Federation Alexei Kudrin.

    Last week, during a meeting with journalists, the president promised that not only will they familiarize themselves with all the proposals of experts in the Kremlin, but they will also look at "what can be done on the basis of these proposals as a way of strategic development of the economy and social sphere of our country for the coming years" .

    Putin did not agree with the view that such programs often remain on paper and are not being implemented. According to him, the strategies develop the direction of movement in development and determine priorities, even if the economic reality makes its own adjustments.

    Kudrin's plan


    The CSR also intends to soon submit to the head of state its proposals on the development strategy of Russia until 2025. As Kudrin told journalists, the corresponding meeting is scheduled for the end of May.

    According to Kudrin, unlike previous programs in the new strategy, issues of social development, community values, judicial and law enforcement system, integration of the Russian Federation into international programs are touched upon.

    The head of the CSR noted that he will hold public wide discussions on important blocks of the program. He explained that prior to this discussion of the strategy went on among professionals in closed mode, albeit in a broad format. The next round of discussions can also be held with the involvement of the media, he said.

    On May 15, answering journalists' question about why the draft strategy of the CSR is not discussed publicly, Putin advised the media representatives to "blame Kudrin" for this. The head of state spoke in favor of such documents being submitted for broad public discussion.
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    Re: Russian Economy General News: #8

    Post  miketheterrible on Sat May 20, 2017 6:40 pm

    I see Kudrin is still on the same stupid path about "integrating Russia into international programs". I wonder how he will propose this when there are sanctions on Russia by the international society?

    It seems that Putin's patience with the guy is running thin and his program will probably not be implemented. Neither will Stolypin Club's program. Either way, this whole plan system is bullshit and wont work since the economy constantly adjusts every year to development and roadblocks.

    Things will just continue to do the same thing as now.

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    Re: Russian Economy General News: #8

    Post  Austin on Sun May 21, 2017 8:50 am

    For a month the Central Bank of Russia increased the volume of gold reserves by 0.35% or about 6 tons

    https://sdelanounas.ru/blogs/93720

    The Bank of Russia in April 2017 purchased 200,000 troy ounces (about 6 tons) of gold, according to the Central Bank.

    As of May 1, the volume of stocks of monetary gold in international reserves reached 54.2 million ounces (1.686 tons), the bank said. As of April 1, this figure was 54 million ounces (about 1,680 tons).

    At the same time, the value of gold in reserves, as follows from the materials of the Central Bank, increased by 1.6%, to $ 68.653 billion.

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    Re: Russian Economy General News: #8

    Post  Austin on Sun May 21, 2017 10:53 am

    What do you make of this


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    Re: Russian Economy General News: #8

    Post  Austin on Mon May 22, 2017 11:18 am

    CSR Board Chairman Alexei Kudrin on current economic fallacies

    Five dangerous myths

    https://www.kommersant.ru/doc/3303785

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    Re: Russian Economy General News: #8

    Post  Austin on Mon May 22, 2017 4:46 pm

    The size of the country's public debt is falling rapidly

    https://sdelanounas.ru/blogs/93751/


    Financial and analytical portal Investbrothers with reference to the Ministry of Finance of the Russian Federation said that Russia continues to successfully repay its public debt to creditors. In April 2017 the Russian Federation paid on bonds of two billion dollars. Thus, at the beginning of May 2017 the total debt of the Russian Federation amounted to only 48.6 billion dollars, equivalent to only 3.2% compared to the GDP of the state. However, of this amount, 35 billion related to bond loans, 11.7 - in state guarantees, and 1.8 to other small loans.

    Investbrothers reports that the repayment of the remaining debt will be made over the next 26 years.

    Next year Russia will give creditors $ 3.5 billion in 2019 - 1.5, and in 2020 - 4.3 billion.

    Analytical portal said that since last year the level of public debt is kept at the same level with minor variations. However, over the past three and a half years, the total amount was reduced to $ 7 billion, or 12.5%. At the end of the analytical material Investbrothers concluded that today in Russia there are no major problems with the servicing and repayment of debt. Moreover, you can safely increase the amount of borrowed funds, if necessary, of the Russian Federation.

    Recall that the US national debt for 2017 is equal to 19 trillion dollars, and the main economic department has sounded the alarm, because the situation with the credit obligations raises some concerns. In this regard, in the United States are seriously considering the possibility of approval of Ultra-long bonds have maturity dates ranging from 40 to 100 years. At the same time now the maximum term is 30 years.

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