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    Russian Economy General News: #3

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    kvs

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    Re: Russian Economy General News: #3

    Post  kvs on Wed Dec 10, 2014 3:24 pm

    Austin wrote:Good Read with lot of stastics to backup , Russia Economy is not as Fragile as it is made to be

    Putin 2000 – 2014, Midterm Interim Results: Diversfication, Modernization and the Role of the State in Russia’s economy

    Nice find. It is rather clear that the NATO's anti-Russian hysteria is driven by the fact that Russia is becoming a serious
    economic competitor. The talk about it being in effect a banana republic dependent on oil and gas exports is nothing more
    than vapid trash talk. NATO would not be scurrying around trying to undermine and contain Russia if it was a mere banana
    republic led by some comprador like Yeltsin. They would be singing its praises.

    But NATO is a day late and a dollar short. It's attempt to isolate Russia from the global economy are a total farce. Brazil
    gave the EU the middle finger when the EU tried to pressure it not to supply produce to Russia. I bet even NATO member
    Turkey will give the EU the middle finger regarding its attempt to stop the recent gas deal with Russia.

    Next step in this farce is the collapse in the puppet Kiev regime as it chokes on the crumbling economy. And the men
    of action in Washington will not even give it the $40 billion that it needs to keep afloat.

    par far

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    Re: Russian Economy General News: #3

    Post  par far on Wed Dec 10, 2014 4:07 pm

    Austin wrote:Good Read with lot of stastics to backup , Russia Economy is not as Fragile as it is made to be

    Putin 2000 – 2014, Midterm Interim Results: Diversfication, Modernization and the Role of the State in Russia’s economy



    Very good article, lot's of very good information and I can say that this article is 100% legit because the author provides his e mail and even his telephone number. I think these sanctions will somewhat help Russia become more independent and help Russia domestically.


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    Hannibal Barca

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    Re: Russian Economy General News: #3

    Post  Hannibal Barca on Wed Dec 10, 2014 5:07 pm

    If Russia realize that needs to develop end product economy then it is OK, else they will never stop being weak economically.
    To do this they need to realize that they must grow strong private sector.
    This needs transparency, low corruption, trustworthy judicial system and business friendly legislation.
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    TheArmenian

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    Re: Russian Economy General News: #3

    Post  TheArmenian on Wed Dec 10, 2014 5:34 pm

    Austin wrote:Good Read with lot of stastics to backup , Russia Economy is not as Fragile as it is made to be

    Putin 2000 – 2014, Midterm Interim Results: Diversfication, Modernization and the Role of the State in Russia’s economy

    Good find Austin. My vote.
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    sepheronx

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    Re: Russian Economy General News: #3

    Post  sepheronx on Wed Dec 10, 2014 8:21 pm

    Hannibal Barca wrote:If Russia realize that needs to develop end product economy then it is OK, else they will never stop being weak economically.
    To do this they need to realize that they must grow strong private sector.
    This needs transparency, low corruption, trustworthy judicial system and business friendly legislation.

    BS. Not only do they already create end products, your points all can be proven wrong besides one (business friendly legislation) is by looking at China and India. Very corrupt and yet, business does very well. Unless we are talking of small companies, then I agree. But even then, most products now are made by large companies.
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    Hannibal Barca

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    Re: Russian Economy General News: #3

    Post  Hannibal Barca on Wed Dec 10, 2014 8:26 pm

    What China and India has to do with Russia? Compare analogous countries.
    Now prove wrong the rest of my points please.
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    sepheronx

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    Re: Russian Economy General News: #3

    Post  sepheronx on Wed Dec 10, 2014 9:07 pm

    Hannibal Barca wrote:What China and India has to do with Russia? Compare analogous countries.
    Now prove wrong the rest of my points please.

    China and India are the largest producers of end goods as neither have any real resources and isnt resource based. Both economies are doing wonders and business is real good, and neither have transparency or even a justice system worth beans (well, India does but has been somewhat questionable). Only real country in west who has all you mentioned and is a successful end product creator is Germany. USA produces very little these days other than heavy industrial goods, and even they are not doing all that well (mostly its admin is making money on its assets worldwide).

    Those you mentioned will help small businesses of course. Hence why Putin said what he did for small business. But I dont even consider these prime need for large companies, as they thrive in Russia already under a corrupt system (more money to pay off people for contracts).
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    kvs

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    Re: Russian Economy General News: #3

    Post  kvs on Wed Dec 10, 2014 9:54 pm

    The biggest help for small business is low taxes and application of the rule of law. This means that police actually
    chase down extortionists and other parasites who terrorize small businesses. BTW, in good old Canada I know of
    an example where the mafia, yes mafia, chased out a successful shop owner from a prime location after they refused
    to pay the mafia tax. This was not 50 years ago this was during the 1990s.

    When you read about the business climate in Russia, take everything asserted by western "analysts" with a truck sized
    grain of salt. I actually believed the BS about Russia having too many bureaucrats. I should have known this was yet
    another lie. I am not saying Russia is some paradise, but I think the "stifling business environment" meme is puffed up
    nonsense. The report posted above has information which contradicts the narrative. It is rather apparent that Putin's
    administration has been actively reducing the administrative burden on business over the last 14 years. The metrics
    presented compare well to super business friendly USA and clearly Russia's economy does not conform to the Euro-socialist
    nanny state model.
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    Viktor

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    Re: Russian Economy General News: #3

    Post  Viktor on Wed Dec 10, 2014 10:53 pm

    Nice thumbsup

    Medvedev: the year we created 300 large enterprises

    The budget surplus in November reached 1.589 trillion rubles.

    Very Happy

    The new pipeline can be called "the Turkish stream," said Erdogan


    more than 20 documents are expected to be signed

    Putin will discuss the implementation of joint projects in India in the energy and military-technical cooperation

    and than

    Putin: LUKOIL will attract to the project of gas condensate fields in Uzbekistan to $ 5 billion

    "Rostec" involve a consortium of Russian companies in the gas project in Pakistan


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    Hannibal Barca

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    Re: Russian Economy General News: #3

    Post  Hannibal Barca on Thu Dec 11, 2014 12:18 am

    sepheronx wrote:
    Hannibal Barca wrote:What China and India has to do with Russia? Compare analogous countries.
    Now prove wrong the rest of my points please.

    China and India are the largest producers of end goods as neither have any real resources and isnt resource based. Both economies are doing wonders and business is real good, and neither have transparency or even a justice system worth beans (well, India does but has been somewhat questionable). Only real country in west who has all you mentioned and is a successful end product creator is Germany. USA produces very little these days other than heavy industrial goods, and even they are not doing all that well (mostly its admin is making money on its assets worldwide).

    Those you mentioned will help small businesses of course. Hence why Putin said what he did for small business. But I dont even consider these prime need for large companies, as they thrive in Russia already under a corrupt system (more money to pay off people for contracts).


    Really? Now I am about to renovate my kitchen. Can you please give me a Russian supplier for my electronics? You know, oven, microwave, refrigerator, washing machines et all.
    The same for an Indian brand please. Also I want a Russian made classic guitar because my Italian one is quite old. I am also interested for a new Russian television you know the curved ones you can buy this days and a stereophonic system cause I have a lot of discs I still want to listen from time to time. Come on give me some Russian alternatives, you know this will be some 10.000 euros the next 2 months or something.
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    Cyberspec

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    Re: Russian Economy General News: #3

    Post  Cyberspec on Thu Dec 11, 2014 12:48 am

    kvs wrote:
    Austin wrote:Good Read with lot of stastics to backup , Russia Economy is not as Fragile as it is made to be

    Putin 2000 – 2014, Midterm Interim Results: Diversfication, Modernization and the Role of the State in Russia’s economy

    Nice find.   It is rather clear that the NATO's anti-Russian hysteria is driven by the fact that Russia is becoming a serious
    economic competitor
    .

    Spot on Exclamation

    Also, they know that they're not in a position of strength so they're in a hurry to smother Russia while they still have some advantages.

    Another interesting piece from the same source
    Real GDP Growth minus Debt
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    sepheronx

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    Re: Russian Economy General News: #3

    Post  sepheronx on Thu Dec 11, 2014 2:01 am

    Hannibal Barca wrote:
    sepheronx wrote:
    Hannibal Barca wrote:What China and India has to do with Russia? Compare analogous countries.
    Now prove wrong the rest of my points please.

    China and India are the largest producers of end goods as neither have any real resources and isnt resource based. Both economies are doing wonders and business is real good, and neither have transparency or even a justice system worth beans (well, India does but has been somewhat questionable). Only real country in west who has all you mentioned and is a successful end product creator is Germany. USA produces very little these days other than heavy industrial goods, and even they are not doing all that well (mostly its admin is making money on its assets worldwide).

    Those you mentioned will help small businesses of course. Hence why Putin said what he did for small business. But I dont even consider these prime need for large companies, as they thrive in Russia already under a corrupt system (more money to pay off people for contracts).


    Really? Now I am about to renovate my kitchen. Can you please give me a Russian supplier for my electronics? You know, oven, microwave, refrigerator, washing machines et all.
    The same for an Indian brand please. Also I want a Russian made classic guitar because my Italian one is quite old. I am also interested for a new Russian television you know the curved ones you can buy this days and a stereophonic system cause I have a lot of discs I still want to listen from time to time. Come on give me some Russian alternatives, you know this will be some 10.000 euros the next 2 months or something.

    Check out Polar.  Makes TV's - http://www.polartv.ru/catalog.php?lang=en&id=9. If you want one of those crap curved TVs from Russia, guaranteed Samsung and LG model is made there. They make all types of models in Russia.
    Bork Appliances - http://shop.bork.ru/
    http://thehandmadeguitar.com/shamray-guitars-russia
    As for fridges, all I can find is Polair but they are manufacturing industrial grade: http://www.polair.com/catalog/polair_grande-k/.  Snaige has a plant in Kaliningrad.  So another made in Russia.

    I on the other hand, actually have Indian made appliances my wife acquired when she came here to Canada.  Just because it may not be sold in Greece, doesn't mean they don't make them.

    You asked me this before.

    There are 4 manufacturers in Russia of TV's.  1 Russian brand, 2 from Korea and 1 from Turkey.  Bork Appliances are like others, they produce in multiple countries.
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    magnumcromagnon

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    Re: Russian Economy General News: #3

    Post  magnumcromagnon on Thu Dec 11, 2014 3:22 am

    The chuckleheads of Europe (in the case of Ukraine, Kravchukleheads), the blubbering imbeciles of the EU are trying to replace the South Stream pipeline project with (get this)...a pipeline to Azerbaijan for a monumental '10 BCM' a year...litterally 1/6th the amount that was going to go through South Stream pipeline (63 BCM) on a yearly basis, and instead of the pipeline being payed for mostly by Russia, their picking up the tab...lol1 lol1 lol1

    The EU's pipeline deal is supposedly going to transport natural gas from the Caspian Sea to the EU, but there's one monumental flaw with their plan...as recently as 1 month ago their was a major deal with all the Caspian Sea bordering nations agreeing to 'resource sharing' in the Caspian Sea. If the new pipeline is as publicized (a politicized pipeline to hurt Russia) it may very well give leverage for Russia to block the pipeline through that very agreement. The Caspian nations include the former CIS like Kazakhstan (a close Russian ally), and Iran (a country that has been heavily sanction by the morons who run the European Union), two countries Russia could influence. And if Russia isn't capable to halt the pipeline, they might be able to cut a deal where they take in revenue via 'resource sharing'. The ridiculously politicized EU pipeline project has all the potential of falling apart at the seems... lol1  lol1  lol1

    ...You really can't take such jackasses seriously, but their will be a time when Russia will speak softly and carry a big stick:

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    kvs

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    Re: Russian Economy General News: #3

    Post  kvs on Thu Dec 11, 2014 3:46 am

    They are indeed a collection of bubbleheads. The gas supply from the Capsian Sea basin has been an epic disappointment after all the hype
    during the 1990s. Much like the oil prospects, e.g. Kashagan, which have been a flop. The country with the most in gas reserves
    with a Caspian Sea coastline is Iran and its reserves are in Persian Gulf along with those of Qatar. Turkmenistan is the only other Caspian
    option but its production has been allocated for China and it really cannot fill the EU's demand. Azerbaijan is not really even worthy
    of note. This new project is just Nabucco rehashed and Nabucco flopped for the simple reason that it could not be filled with enough
    gas to justify the massive cost.

    But really, who gives a rat's a** about the EU. Let them eat their own sh*t.
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    Re: Russian Economy General News: #3

    Post  magnumcromagnon on Thu Dec 11, 2014 3:54 am

    kvs wrote:They are indeed a collection of bubbleheads.   The gas supply from the Capsian Sea basin has been an epic disappointment after all the hype
    during the 1990s.   Much like the oil prospects, e.g. Kashagan, which have been a flop.   The country with the most in gas reserves
    with a Caspian Sea coastline is Iran and its reserves are in Persian Gulf along with those of Qatar.  Turkmenistan is the only other Caspian
    option but its production has been allocated for China and it really cannot fill the EU's demand.  Azerbaijan is not really even worthy
    of note.   This new project is just Nabucco rehashed and Nabucco flopped for the simple reason that it could not be filled with enough
    gas to justify the massive cost.

    But really, who gives a rat's a** about the EU.  Let them eat their own sh*t.  

    Indeed, here's Pepe Escobar's take on the matter:

    Russia, Turkey pivot across Eurasia
    By Pepe Escobar

    The latest, spectacular "Exit South Stream, Enter Turk Stream" Pipelinistan gambit will be sending big geopolitical shockwaves all across Eurasia for quite some time. This is what the New Great Game in Eurasia is all about.

    In a nutshell, a few years ago Russia devised North Stream - fully operational - and South Stream - still a project - to bypass unreliable Ukraine as a gas transit nation. Now Russia devises a new sweet deal with Turkey to bypass the "non-constructive" (Putin’s words) approach of the European Commission (EC) concerning the European "Third Energy Package", which prohibits

    one company from controlling the full cycle of extraction, transportation and sale of energy resources.

    Background is essential to understand the current game. Already five years ago I was following in detail Pipelineistan’s ultimate opera - the war between rival pipelines South Stream and Nabucco. Nabucco eventually became road kill. South Stream may eventually be resurrected, but only if the EC comes to its senses (don’t bet on it.)

    The 3,600 kilometer South Stream should be in place by 2016, branching out to Austria and the Balkans/Italy. Gazprom owns it with a 50% stake - along with Italy’s ENI (20%), French EDF (15%) and German Wintershall, a subsidiary of BASF (15%). As it stands, these European energy majors are not exactly beaming - to say the least. For months, Gazprom and the EC were haggling about a solution, but in the end Brussels predictably succumbed to its own mediocrity - and relentless US pressure over weak-link and European Union member Bulgaria.

    Russia still gets to build a pipeline under the Black Sea, but one now redirected to Turkey and, crucially, pumping the same amount of gas South Stream would. Not to mention Russia gets to build a new LNG (liquefied natural gas) central hub in the Mediterranean. Thus Gazprom has not spent US$5 billion in vain (finance, engineering costs). The redirection makes total business sense. Turkey is Gazprom’s second-biggest customer after Germany; much bigger than Bulgaria, Hungary and Austria combined.

    Russia also advances a unified gas distribution network capable of delivering natural gas from anywhere in Russia to any hub alongside Russia’s borders.

    And as if it was needed, Russia gets yet another graphic proof that its real growth market in the future is Asia, especially China - not a fearful, stagnated, austerity-devastated, politically paralyzed EU. The evolving Russia-China strategic partnership implies Russia as complementary to China, excelling in major infrastructure projects from building of dams to laying out pipelines. This is trans-Eurasia business with a sharp geopolitical reach and not subjected to ideology-drenched politics.

    Russian "defeat"? Really?
    Turkey also made a killing. It’s not only the deal with Gazprom; Moscow will build no less than Turkey’s entire nuclear industry, and there will be increased soft power interaction (more trade and tourism). Most of all, Turkey is now increasingly on the verge of becoming a full member of the Shanghai Cooperation Organization (SCO); Moscow is actively lobbying for it.

    This means Turkey acceding to a privileged position as a major hub simultaneously in the Eurasian Economic Belt and of course the Chinese New Silk Road(s). The EU blocks Turkey? Turkey looks East. That’s Eurasian integration on the move.

    Washington has tried very hard to create a New Berlin Wall from the Baltics to the Black Sea to "isolate" Russia. And yet Team "Don’t Do Stupid Stuff" in Washington never saw it coming - yet another Putin judo/chess/go counterpunch applied exactly across the Black Sea.

    Asia Times Online has been reporting for years how Turkey’s key strategic imperative is to configure itself as the indispensable energy crossroads from East to West - transiting everything from Iraqi oil to Caspian Sea gas. Oil from Azerbaijan already transits Turkey via the Bill Clinton/Zbig Brzezinski-propelled BTC (Baku-Tblisi-Ceyhan) pipeline. Turkey would also be the crossroads if a Trans-Caspian pipeline is ever built (slim chances as it stands), pumping natural gas from Turkmenistan to Azerbaijan, then transported to Turkey and finally Europe.

    So what Putin’s judo/chess/go counterpunch accomplished with a single move is to have stupid EU sanctions once again hurt the EU. The German economy is already hurting badly because of lost Russia business.

    The EC brilliant "strategy" revolves around the EU’s Third Energy Package, which requires that pipelines and the natural gas flowing inside them must be owned by separate companies. The target of this package has always been Gazprom - which owns pipelines in many Central and Eastern European nations. The target within the target has always been South Stream.

    Now it’s up to Bulgaria and Hungary, which have always fought the EC "strategy", to explain the fiasco to their own populations, and to keep pressing Brussels; after all they are bound to lose a fortune, not to mention get no gas, with South Stream out of the picture. Bulgaria alone reportedly has lost more than 6,000 new jobs and over $3 billion of investment due to the loss of South Stream.

    So here’s the bottom line; Russia sells even more gas - to Turkey; Turkey gets much-needed gas with a cool discount; and the EU, pressured by the Empire of Chaos, is reduced to dance, dance, dance like a bunch of headless chickens in dark Brussels corridors wondering what hit them. And while the Atlanticists are back to default mode - cooking up yet more sanctions - Russia is set to keep buying more and more gold.

    Watch those spears
    This is not the endgame - far from it. In the near future, many variables will intersect.

    Ankara’s game may change - but that’s far from a given. President Recep Erdogan - the Sultan of Constantinople - has certainly identified a rival, Caliph Ibrahim of ISIS/ISIL/Daesh fame, trying to steal his mojo. Thus the sultan may flirt with mollifying his neo-Ottoman dreams and contemplate steering Turkey back to its previously ditched "zero problems with our neighbors" foreign policy doctrine.

    Not so fast. Erdogan’s game so far was the same as that of the House of Saud and Qatar's House of Thani; get rid of Syrian President Bashar al-Assad to allow an oil pipeline from Saudi Arabia and a gas pipeline from the South Pars/North Dome mega-field in Qatar. This pipeline would be Qatar-Iraq-Syria-Turkey, rivaling the already proposed, $10 billion Iran-Iraq-Syria pipeline. Final customers: the EU, of course, desperate in its "escape from Gazprom" offensive.

    So what now? Will Erdogan abandon his "Assad must go" obsession? It’s too early to tell. The Turkish Foreign Ministry is spinning to the media that Washington and Ankara are about to agree on a no-fly zone along the Turkish-Syria border - even as the White House, earlier this week, insisted the idea had been scrapped.

    The House of Saud is like a camel lost in the Arctic. The House of Saud’s lethal game in Syria always boiled down to regime change so that the Saudi-sponsored oil pipeline from Syria to Turkey might be built. Now the Saudis see Russia about to supply all of Turkey’s energy needs - and still be positioned to sell more gas to the EU in the near future. And Assad still won’t go.

    But it is US neo-cons who are sharpening their poisonous spears with gusto. As soon as early 2015 there may be a Ukrainian Freedom Act in the US House of Representatives. Translation: Ukraine being dubbed a "major US non-NATO ally", which means, in practice, a virtual NATO annexation. Next step: more turbo-charged neo-con provocation of Russia.

    A possible scenario is vassal/puppies such as Romania or Bulgaria, pressed by Washington, deciding to allow full access of NATO vessels into the Black Sea. Who cares that this would violate current Black Sea agreements that affect both Russia and Turkey?

    And then there’s a dangerous Rumsfeldian "known unknown": how the fragile Balkans will feel subordinated to the whims of Ankara. As much as Brussels keeps Greece, Bulgaria and Serbia in a strait jacket, in energy terms they will start depending on Turkey’s goodwill.

    For the moment, let’s appreciate the magnitude of the geopolitical shockwaves after Putin’s latest judo/chess/go combo. And get ready for another chapter of Russia’s "pivoting across Eurasia". Putin hits Delhi next weekend. Expect another geopolitical bombshell.

    Russia, Turkey pivot across Eurasia

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    sepheronx

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    Re: Russian Economy General News: #3

    Post  sepheronx on Thu Dec 11, 2014 5:11 am

    My guess is eventually they will give in and end up obtaining gas via Greece/turkey.  There is already talk that one of the EU countries is going to connect a pipeline to Turkey (they say to bypass Russia, but Russia is Turkey's main supplier, so I doubt it will end up bypassing anything).  The other thing Russia has been doing is buying up gas units in EU countries.  So they end up with some control over EU's gas systems anyway.

    That said, Lukoil is investing $5B in Uzbekistan oil/gas system. This is a good move.

    It should also be noted that Rostec is investing $3B in a Gas pipeline system in Pakistan, where LNG is converted back to regular gas and will be transported through the country. There is apparently more gas and oil deals with Pakistan. I think this is good only in accordance to within India's concerns of course, since India is Russia's biggest partner.

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    Re: Russian Economy General News: #3

    Post  Austin on Thu Dec 11, 2014 8:34 am

    Russia, India Agree on Construction of New Nuclear Energy Blocks: Rosatom

    Russia and India signed an agreement on the construction of 12 new nuclear energy blocks over the next two decades.

    NEW DELHI, December 11 (Sputnik) – Russia and India have agreed on the construction of at least 12 new nuclear energy blocks within the next 20 years to include two new blocks for the existing Kudankulam Nuclear Power Plant in India’s southern tip in 2016, Russia’s Rosatom head Sergei Kiriyenko said Thursday.

    "This morning a general framework agreement was signed on the construction and equipment delivery for the third and fourth blocks of the Kudankulam Nuclear Power Plant at the present site. Cement foundations [for the new blocks] will be poured in the beginning of 2016," Kiriyenko said.

    India and Russia also agreed on a long-term project to build at least 12 more energy blocks over the next two decades.

    “Today we will sign a strategic document that foresees the construction of no less than 12 energy blocks over the next 20 years, or in other words this would be no less than two nuclear energy facilities,” Kiriyenko added.
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    Re: Russian Economy General News: #3

    Post  sepheronx on Thu Dec 11, 2014 2:39 pm

    http://www.finmarket.ru/news/3887357

    So I was right, gdp growth so far at 0.7%
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    Hannibal Barca

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    Re: Russian Economy General News: #3

    Post  Hannibal Barca on Thu Dec 11, 2014 2:57 pm

    No, I was right boy! You (plural) were panicking like little girls!

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    Re: Russian Economy General News: #3

    Post  Austin on Thu Dec 11, 2014 3:00 pm

    Central Bank of Russia: GDP growth in 2015-2016 will be close to zero

    However, the forecast for GDP growth for the current year improved to 0.6% from 0.3%, and in 2017 is expected a recovery in economic activity, the Central Bank said in a statement.

    MOSCOW, December 11 - RIA Novosti. The Bank of Russia worsened GDP growth forecast for 2015-2016 - the new regulator assessment they will be close to zero, and a recovery in economic activity is expected only in 2017, the Central Bank said in a statement after a meeting of the Board of Directors .

    However, the forecast for GDP growth for the current year improved to 0.6% from 0.3%, now it coincides with the forecast of Economic Development.

    Earlier, the Central Bank in the base case scenario of macroeconomic development proceeded from the fact that in 2015 Russia's GDP will show zero momentum in 2016 will grow by 0.1% in 2017 - 1.6%.

    "In the years 2015-2016 will be close to zero annual growth rate of GDP. In terms of conservation restrictions on access to international capital markets for Russian companies and relatively low energy prices will continue to decline in investment in fixed assets", - stated in the release. Ministry of Economic Development in the updated forecast expects a fall in GDP in 2015 to 0.8%.

    In addition, consumer activity remains weak, according to the Central Bank. "At the same time to change the exchange rate mechanism will create the preconditions for a more rapid adaptation of the Russian economy to changes in external conditions. In 2017, the expected slight recovery in economic activity, which will contribute to the development of import-substituting industries and increasing non-oil exports," - believe the Bank of Russia.

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    Re: Russian Economy General News: #3

    Post  Austin on Thu Dec 11, 2014 3:02 pm

    Ten-year Russia nuclear export portfolio makes $100.3 billion — Rosatom

    NEW DELHI, December 11. /TASS/. A ten-year portfolio of Russian nuclear corporation Rosatom’s export orders has made $100.3 billion, Rosatom chief Sergey Kiriyenko told reporters on Thursday.

    “With due account of the deal inked with Hungary, the current ten-year portfolio of guaranteed revenues has made $100.3 billion,” he said, noting that the portfolio envisages construction of 27 nuclear power units.

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    Re: Russian Economy General News: #3

    Post  Austin on Thu Dec 11, 2014 3:07 pm

    Central Bank expects capital outflows in 2015, $ 120 billion in all scenarios


    In the baseline scenario, the current account balance in 2015 will amount to $ 56 billion, which is less than the possible outflow of capital, which is estimated to 120 billion dollars, said the head of the Central Bank Nabiullina.

    MOSCOW, Dec 11 - RIA Novosti. The Bank of Russia raised its forecast for capital outflows in 2015 to $ 120 billion to 99 billion; the same value of the outflow expected in the stress scenario, the head of the Central Bank Nabiullina.

    "In the baseline scenario, the current account balance in 2015 will amount to $ 56 billion, which is less than the possible outflow of capital, which we estimate to $ 120 billion," - said Nabiullina during a press conference after a meeting of the Board of Directors of the regulator.

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    Re: Russian Economy General News: #3

    Post  Austin on Thu Dec 11, 2014 3:10 pm

    CB: corporate borrowers have to pay the external debt of $ 120 billion

    MOSCOW, December 11 - RIA Novosti. Corporate borrowers must pay to the Russian Federation on foreign debt in 2015, $ 120 billion, including banks - $ 42 billion, said the head of the Bank of Russia Nabiullina.

    "The amount of future payments on foreign debt next year will be about $ 120 billion. Of this amount, payments on debt of the banking sector amounted to $ 42 billion, including interest payments. Payments for the debts of non-financial sector in the next year will amount to $ 77 billion, including interest also" - she said at a press conference after a meeting of the Board of Directors of the Central Bank.

    РИА Новости http://translate.googleusercontent.com/translate_c?depth=1&hl=en&prev=search&rurl=translate.google.co.in&sl=ru&u=http://ria.ru/economy/20141211/1037734733.html&usg=ALkJrhinCmi4J2DDL6lY97GN4xJQHpjfBw#ixzz3LbA8Vpfy

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    sepheronx

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    Re: Russian Economy General News: #3

    Post  sepheronx on Thu Dec 11, 2014 3:22 pm

    ? I may be reading it wrong debtors will have to pay Russia $120B? Or is that debt payment the so called capital outflow? If so, let this be a warning to Russian companies, banks and what not: dont seek for outside loans.

    Hannibal Barca wrote:No, I was right boy! You (plural) were panicking like little girls!
    Lol. Ok grandpa. Dont get excited.


    Last edited by sepheronx on Thu Dec 11, 2014 3:26 pm; edited 1 time in total

    Austin

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    Re: Russian Economy General News: #3

    Post  Austin on Thu Dec 11, 2014 3:26 pm

    Russian Corporate has to pay to external creditors ....basicly External Debt Repayment

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