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    Russian Economy General News: #4

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    sepheronx

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    Re: Russian Economy General News: #4

    Post  sepheronx on Sun Mar 08, 2015 1:01 am

    NationalRus wrote:
    KomissarBojanchev wrote:If russia has an economy the same size as italy then italy is more powerful than germany because russia surpasses germany.

    .... Suspect

    we dont

    Larger army, second to Germany in Industrial production, and most known resources. Just because German goods has a higher fiat value to it, means little, especially when during a war where the GDP means squat.
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    NationalRus

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    Re: Russian Economy General News: #4

    Post  NationalRus on Sun Mar 08, 2015 1:06 am

    sepheronx wrote:
    NationalRus wrote:
    KomissarBojanchev wrote:If russia has an economy the same size as italy then italy is more powerful than germany because russia surpasses germany.

    .... Suspect

    we dont

    Larger army, second to Germany in Industrial production, and most known resources. Just because German goods has a higher fiat value to it, means little, especially when during a war where the GDP means squat.

    so we will change points of view till its fits us? maybe in 3 out of 30 angels we are ahead, and still ages behind including GDP, infrastructure, effieciency etc etc etc etc etc etc etc... pink glass view's again Rolling Eyes
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    GarryB

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    Re: Russian Economy General News: #4

    Post  GarryB on Sun Mar 08, 2015 1:12 am

    If Russia is so fucked up why are the Americans so afraid of Russia?

    They describe Russia as a greater threat to the world than ISIS...

    America breaks every rule to stay on top and includes all sorts of BS to pretend it is rich and powerful, but at the end of the day people just smile and pretend to listen and hope this sermon about how everyone else is sad and a loser except the good old US of A and why don't you all love us to bits... maybe you are all just jealous... and then of course when they finally shut up we laugh and talk behind their backs about what pricks they are... Twisted Evil
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    sepheronx

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    Re: Russian Economy General News: #4

    Post  sepheronx on Sun Mar 08, 2015 1:17 am

    NationalRus wrote:
    sepheronx wrote:
    NationalRus wrote:
    KomissarBojanchev wrote:If russia has an economy the same size as italy then italy is more powerful than germany because russia surpasses germany.

    .... Suspect

    we dont

    Larger army, second to Germany in Industrial production, and most known resources. Just because German goods has a higher fiat value to it, means little, especially when during a war where the GDP means squat.

    so we will change points of view till its fits us? maybe in 3 out of 30 angels we are ahead, and still ages behind including GDP, infrastructure, effieciency etc etc etc etc etc etc etc... pink glass view's again Rolling Eyes

    Do you know where the concept of GDP comes from? Can you actually justify why a BMW, which is a car, costs 5x more than most other cars? Can you tell me why a German autocnc machine costs significantly more than a Chinese one? I bet you cant other than say "its better built" when that has been proven wrong through articles from lemon guide. Its perception, nothing more. German engineering is 21st century biggest lie, and this even came from Germans mouth. Especially when the metals needed came from Russia and the electronics used came from China. No different than a Mac computer using real basic components but charging a fortune for it, while using an open source bsd and calling it their own (mac osx). It comes down to marketing. German engineering was something back in the second world war, and still didnt save them.
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    Kimppis

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    Re: Russian Economy General News: #4

    Post  Kimppis on Sun Mar 08, 2015 3:30 am

    sepheronx wrote:
    NationalRus wrote:
    KomissarBojanchev wrote:If russia has an economy the same size as italy then italy is more powerful than germany because russia surpasses germany.

    .... Suspect

    we dont

    Larger army, second to Germany in Industrial production, and most known resources. Just because German goods has a higher fiat value to it, means little, especially when during a war where the GDP means squat.

    Well, it's open to debate. In my opinion Germany and Russia are the two most powerful nation states in Europe, period. And their PPP GDP is basically the same atm. However, German military is a joke. Its size, I mean.

    In the long term, it seems highly likely that Russia will become clearly the number 1 power in Europe, as long as they'll have a reasonable good economic and population growth. European demographics are BAD. Germany is almost like Japan. UK is doing better, but it won't change the fact that Europe's influence is fading and fast. That's good news for Russia, even though the Russians have their own demographic issues too.

    The only problem is that US is going to become even more influential among the "western" nations. US demographics seem to be solid and the US economy is forecasted to grow 2-3% per year on average. However, China will handle the US. Hopefully India will stay atleast neutral. Somekind of Moscow-Beijing-New Delhi axis would be a dream to come true and the ultimate nightmare for Washington.  

    I've been wondering... Can you convert higher value economical activity, in other words "services", into war production during a total war? I think so. So you can't compare peacetime industrial production directly, either. It's not like the whole service sector in rich western economies is totally "fake".
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    sepheronx

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    Re: Russian Economy General News: #4

    Post  sepheronx on Sun Mar 08, 2015 4:45 am

    GDP means nothing. Russia always had a weaker economy but always ended up as a major power. GDP is a theoretical calculation that was brought up in the 30's in US to compare various states with each other, but it was very hard to compare soviets as example because while they were not rich, they werent poor either and didnt have a stock exchange. Wealth in Fiat is based upon perception. If you break it down to this: trade physical metal and oil that is used in various ways for a piece of paper with the perception of value; does that actually make much sense?

    As soon as the world moved away from gold backed currency, things got real ugly. Gold backing stopped around late 70's. Watch how US 'GDP' changed from then. Actually, biggest is 1990 to now. From a couple trillion to 18 trillion... while debt is..... same amount (109%). Then there is the idea of fudging numbers too. Now if the currencies are backed by something, it makes it very hard to fudge numbers.
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    kvs

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    Re: Russian Economy General News: #4

    Post  kvs on Sun Mar 08, 2015 5:07 am

    sepheronx wrote:GDP means nothing. Russia always had a weaker economy but always ended up as a major power. GDP is a theoretical calculation that was brought up in the 30's in US to compare various states with each other, but it was very hard to compare soviets as example because while they were not rich, they werent poor either and didnt have a stock exchange. Wealth in Fiat is based upon perception. If you break it down to this: trade physical metal and oil that is used in various ways for a piece of paper with the perception of value; does that actually make much sense?

    As soon as the world moved away from gold backed currency, things got real ugly. Gold backing stopped around late 70's. Watch how US 'GDP' changed from then. Actually, biggest is 1990 to now. From a couple trillion to 18 trillion... while debt is..... same amount (109%). Then there is the idea of fudging numbers too. Now if the currencies are backed by something, it makes it very hard to fudge numbers.

    GDP accounting is indeed voodoo. A lot of the Canadian GDP is housing related. Since housing costs in Russia have been very cheap
    since 1991 it is missing out on this GDP contribution. The PPP value is based on a price adjustment which does not span all products
    and services. Housing costs are not adjusted during PPP comparisons (they don't even properly treat housing costs in the CPI, instead
    some BS "rent equivalent" is used to hide this big source of inlfation). The focus is primarily on CPI type baskets of goods.

    Based on what I can discern the current official Russian GDP is about half of what it actually is. At the same time the US GDP is
    nearly twice too large since it includes all sorts of BS activity including the "financial industry" that does not generate any actual
    wealth except for making some rich money handlers. So the PPP GDP of Russia is about $5,000 billion and the GDP of the USA
    is about $10,000 billion

    In terms of military potential, Russia and America are actually much closer than their official budgets indicate. Russia's forces
    are not 10% of the US forces. American forces are bloated from the empire building it is engaged in, but even so Russia's forces
    are likely 70% of the American level.
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    TR1

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    Re: Russian Economy General News: #4

    Post  TR1 on Sun Mar 08, 2015 7:08 am

    sepheronx wrote:
    NationalRus wrote:
    sepheronx wrote:
    NationalRus wrote:
    KomissarBojanchev wrote:If russia has an economy the same size as italy then italy is more powerful than germany because russia surpasses germany.

    .... Suspect

    we dont

    Larger army, second to Germany in Industrial production, and most known resources. Just because German goods has a higher fiat value to it, means little, especially when during a war where the GDP means squat.

    so we will change points of view till its fits us? maybe in 3 out of 30 angels we are ahead, and still ages behind including GDP, infrastructure, effieciency etc etc etc etc etc etc etc... pink glass view's again Rolling Eyes

    Do you know where the concept of GDP comes from? Can you actually justify why a BMW, which is a car, costs 5x more than most other cars? Can you tell me why a German autocnc machine costs significantly more than a Chinese one? I bet you cant other than say "its better built" when that has been proven wrong through articles from lemon guide. Its perception, nothing more. German engineering is 21st century biggest lie, and this even came from Germans mouth. Especially when the metals needed came from Russia and the electronics used came from China. No different than a Mac computer using real basic components but charging a fortune for it, while using an open source bsd and calling it their own (mac osx). It comes down to marketing.  German engineering was something back in the second world war, and still didnt save them.

    First of all, I would take a BMW over any Russian or Chinese shitbox any day.
    They are excellent cars.

    Now if you want to say that luxury markup is excessive, that is something else. Maybe. But does it matter? People are WILLING to pay that much for a BMW. Hence, its value is real.
    It does not matter how much better value a cheaper car is, if people are not willing to exchange their labor/income for it.
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    higurashihougi

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    Re: Russian Economy General News: #4

    Post  higurashihougi on Sun Mar 08, 2015 8:15 am

    TR1 wrote:First of all, I would take a BMW over any Russian or Chinese shitbox any day.

    They are excellent cars.

    Now if you want to say that luxury markup is excessive, that is something else. Maybe. But does it matter? People are WILLING to pay that much for a BMW. Hence, its value is real.

    It does not matter how much better value a cheaper car is, if people are not willing to exchange their labor/income for it.

    Shitbox ? I don't think so.

    Russian Lada's advantage is its excellent durability. That is the distinctive characteristic of Russian/Soviet goods.

    But Lada consumed quite a number of fuel. For Russia where oil is cheap, it is not a problem. For some where else like Vietnam, it is.

    Russian good's disadvantage used to be ugly appearance. But its quality is top.
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    Werewolf

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    Re: Russian Economy General News: #4

    Post  Werewolf on Sun Mar 08, 2015 10:41 am

    Funny to see people arguing about thinks they don't want to understand and pretend to know german cars. Sepheronx is right, german cars built since ten years so they break in 4 years, they are designed that way. It is called Planned Obsolence, it is a capitalistic trick to raise their income, that is why most people blame "Made in China" with low quality. It was DESIGNED that way, to break quickly, designed by our western companies, but with the good PR that it is build with cheap chinese labour and chinese get the blame for low quality, while it was designed by our western companies located in china.

    Fact is, BMW,Audi,Porsche, Mercedes or VW all the same, there quality was diminished and they don't hold even a 5th from what they used to be 20-30 years ago. They are exactly nothing else but medicore quality with a LABEL on it. Same as COD as video game a label but a horrible product. A chinese or russian car will drive for dozen years, not today built german cars, they are designed to break, so you go to a Mercedes workshop were you pay hundreds to thousands for something russians and chinese people do in their backyards with spare parts that cost only few dozen dollars.

    Fact about german economy is, that we produce goods, industrial machinery, electronic components for industry, cars, engines etc pp, all that stuff is FACTUAL material, our costumers mainly in Europe and US do not pay, they just write it off as debt to germany, but with shithole countries like USA, who do not even see any other country as equal to them will never pay their debts, they can not and they don't want to do that. They don't give us our gold back, they don't want us to have a constitution that was sabotaged by US two times in 1999 and 2000. Germany's GDP is as fictional as US's GDP, it is a concept based on the same principles as the speculators on Wallstreet, speculating on value of goods with imaginary money that does not belong to them.

    It is all perception, fact is Russia is and will be the strongest and richest country on earth, FIAT money has ZERO value, while Russia holds most resources on earth, now try to build your cars, tanks, streets, houses with your worthless paper money while russians will still have oil,gas, timber, titanium, iron,gold,silver gems, and dozens of other resources.

    Power lies where people believe power lies, that all ends when they stop beLIEving.
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    TR1

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    Re: Russian Economy General News: #4

    Post  TR1 on Sun Mar 08, 2015 10:51 am

    higurashihougi wrote:
    TR1 wrote:First of all, I would take a BMW over any Russian or Chinese shitbox any day.

    They are excellent cars.

    Now if you want to say that luxury markup is excessive, that is something else. Maybe. But does it matter? People are WILLING to pay that much for a BMW. Hence, its value is real.

    It does not matter how much better value a cheaper car is, if people are not willing to exchange their labor/income for it.

    Shitbox ? I don't think so.

    Russian Lada's advantage is its excellent durability. That is the distinctive characteristic of Russian/Soviet goods.

    But Lada consumed quite a number of fuel. For Russia where oil is cheap, it is not a problem. For some where else like Vietnam, it is.

    Russian good's disadvantage used to be ugly appearance. But its quality is top.

    Durabilty? Lada Prioras are notorious for breaking down after a few years of operation.
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    flamming_python

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    Re: Russian Economy General News: #4

    Post  flamming_python on Sun Mar 08, 2015 11:13 am

    TR1 wrote:First of all, I would take a BMW over any Russian or Chinese shitbox any day.
    They are excellent cars.

    Now if you want to say that luxury markup is excessive, that is something else. Maybe. But does it matter? People are WILLING to pay that much for a BMW. Hence, its value is real.
    It does not matter how much better value a cheaper car is, if people are not willing to exchange their labor/income for it.

    Funny thing is is that those Russian shitboxes might soon be sold in Europe to the unsuspecting consumer Smile

    With the dive of the Russian car market, some producers, I think it was Renault or Nissan which said it, are considering exporting their Russian-built cars to Scandinavia.

    They are not as good quality as the originals built in France, Japan, etc...
    But not neccesserily that bad either, often it's one of their locally-sourced parts that let them down.
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    higurashihougi

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    Re: Russian Economy General News: #4

    Post  higurashihougi on Sun Mar 08, 2015 12:10 pm

    flamming_python wrote:
    TR1 wrote:First of all, I would take a BMW over any Russian or Chinese shitbox any day.
    They are excellent cars.

    Now if you want to say that luxury markup is excessive, that is something else. Maybe. But does it matter? People are WILLING to pay that much for a BMW. Hence, its value is real.
    It does not matter how much better value a cheaper car is, if people are not willing to exchange their labor/income for it.

    Funny thing is is that those Russian shitboxes might soon be sold in Europe to the unsuspecting consumer Smile

    With the dive of the Russian car market, some producers, I think it was Renault or Nissan which said it, are considering exporting their Russian-built cars to Scandinavia.

    They are not as good quality as the originals built in France, Japan, etc...
    But not neccesserily that bad either, often it's one of their locally-sourced parts that let them down.

    Russian Lada factories have already been making stuffs and parts of GM cars for years... In fact many parts of US, JPN, France,... cars in the world are from Russia.
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    sepheronx

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    Re: Russian Economy General News: #4

    Post  sepheronx on Sun Mar 08, 2015 1:22 pm

    It was the concept of cheaper production and overall competition from China that forced many countries, even Germany, to change their business and manufacturing methods. If this was indeed 20 years ago, I would be persuing German cars or earlier Toyotas. These days, it is different. Like what werewolf said, vehicles of all (probably lada too) are built quickly and with cheap components, where life of the vehicle ends up less. But most vehicles have same lifespan, 4 - 6 years before having to buy a new one or constant repair. Now it is about which one you can get for cheaper - best bang for your buck. Because in the end, it will have to be serviced sometime soon. Some companies like Mitsubishi may not be top sellers anymore, but majority of their wealth comes from selling their car made components to other companies.

    Perception is biggest tool. And since fiat now isnt backed by anything other than a word of mouth or by force (usa), it becomes hard to justify trading in it rather than barter.
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    Cyberspec

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    Re: Russian Economy General News: #4

    Post  Cyberspec on Mon Mar 09, 2015 7:07 am

    Russia should focus on building stuff like trucks, heavy machinery, locomotives and so on....they'll never be able to compete with the Asians in car production. Same goes for the Europeans with their overpriced and overhyped pieces of junk.
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    TR1

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    Re: Russian Economy General News: #4

    Post  TR1 on Mon Mar 09, 2015 8:42 am

    flamming_python wrote:
    TR1 wrote:First of all, I would take a BMW over any Russian or Chinese shitbox any day.
    They are excellent cars.

    Now if you want to say that luxury markup is excessive, that is something else. Maybe. But does it matter? People are WILLING to pay that much for a BMW. Hence, its value is real.
    It does not matter how much better value a cheaper car is, if people are not willing to exchange their labor/income for it.

    Funny thing is is that those Russian shitboxes might soon be sold in Europe to the unsuspecting consumer Smile

    With the dive of the Russian car market, some producers, I think it was Renault or Nissan which said it, are considering exporting their Russian-built cars to Scandinavia.

    They are not as good quality as the originals built in France, Japan, etc...
    But not neccesserily that bad either, often it's one of their locally-sourced parts that let them down.

    I don't see why Russian built Nissan can't be good vehicles- with proper management Russian work culture is fine.
    But our own shit is well......lacking.
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    flamming_python

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    Re: Russian Economy General News: #4

    Post  flamming_python on Mon Mar 09, 2015 11:55 am

    TR1 wrote:I don't see why Russian built Nissan can't be good vehicles- with proper management Russian work culture is fine.
    But our own shit is well......lacking.

    Because of the predominance of locally-used parts. AvtoVAZ models use +90% Russian parts. Unlike Nissan they don't afford the luxury of simply using those Russian-parts that are high-quality and imported parts where the Russian ones don't match up to spec.
    Even if quality control in most major Russian factories, and the work culture, etc... is fine, the fact that just so many suppliers and other factories are relied upon means that lemons find their way in.
    AvtoVAZ has been slow to filter out the parts that let it down and in fact repeat the same mistakes again and again. The Lada Granta model that came out a few years back - by all reports it's a fairly decent car and an improvement in design and so on (actually it uses a Renault design), people are mostly happy with it - but one of the electric motors keeps breaking down after a couple years - whichwas the same problem they had in a previous car.
    They also had to do a big recall on them a few years back because of some safety issue.

    The design is sound, the specs, fuel consumption, price - all sound. For the most part it's quality is decent too, but a lack of quality control and testing on certain aspects leads to the same situation time and time again.

    Personally looking forward to the new-gen Chevrolet Niva coming out next year.
    http://en.wikipedia.org/wiki/Chevrolet_Niva

    Vann7

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    Re: Russian Economy General News: #4

    Post  Vann7 on Thu Mar 12, 2015 8:27 am

    Seems pretty much the tide had turned in Russia economy and Russia moving into Asia is paying off.. and countering the western sanctions.. Interestingly Russian bank and its economic ministers is credited for bypassing the economic wall with the west. And it seems that oil have hit is button already and from now can only move upwards..

    Money Pouring into Russia despite Sanctions

    http://russia-insider.com/en/2015/03/11/4329




    The net inflow of money into funds investing in Russian shares continued its six-week streak, totaling $40.7 million for the week of 26 February – 4 March, in comparison with $80.1 million during the preceding week, according to the Emerging Portfolio Fund Research (EPFR).

    Funds investing in shares in developing markets continued to grow during the three previous weeks, though at a diminishing pace with every week, according to Sberbank Investment Research.

    The volume of inflows into these funds has not changed during the week of March 4, and reached $6.5 million according to EPFR Global. The MSCI EM index fell by 1.2% during the same week. Considering the low basis for comparison, the inflow of funds on an annualized basis increased once again to the level of .5% of assets, or $3.1 billion).

    The leader among BRICS countries was India, whose inflows totaled .55% ($678.1 million) over the course of the week (the 12 month total was 7.4%, or $7.4 billion). China once again had comparatively weak results—an outflow of .12% ($341.1 million) in the course of the week, and 3.8% ($11.1 billion) over twelve months.

    Investors are continuing to withdraw assets from Latin America--.75% ($216.3 million) during the week, according to Vesti Ekonomika.


    Russia took the second place among the BRICS. Its total capital influx over the course of the year reached 1.1% ($525.2 million).

    Therefore Russia is continuing to outpace developing markets, concludes Sberbank Investment Research.

    The first fiddle is still played by funds oriented toward Russia (inflow of .11%, $34.3 million). Passive funds attracted .47% ($54.2 million), active funds lost .02% of assets ($4.6 million). During the week ending on March 4, RTS index increased by .1%, and Brent crude price rose by 3.2%.

    J.Hawk’s Comment: This is unadulterated good news, especially in the rather gloomy international economic environment. To put it in plain English, Russia is considered to have an attractive investment climate, no mean feat after a decade of sanctions, credit rating downgrades, threats of more sanctions, even threats of military action and provocative NATO exercises on its border. All of these measures were not so much intended to hurt Russia’s economy directly as to create the impression Russia is surrounded, isolated, starved of capital, with its economy “in tatters”, to quote Barack Obama.

    Who gets the credit for all this? Two sets of people:

    The first is Russia’s economic team, which includes the Finance Minister Siluanov and Russian Central Bank Chair Nabiullina, both of whom are dependable, competent, and financially conservative. They understand that Russia still has not fully established itself as a sound post-Soviet economy, therefore they avoid taking any measures to put that reputation into doubt.

    The second is Russia’s political team, with President Putin at the helm. They have managed to pursue an active foreign policy aimed at deflecting Western expansionism aimed at Ukraine and Russia, while at the same time not scaring away Western investors. The numbers cited above indicate that, amazingly, capital continued to flow into Russia even as fighting was raging on the Donbass and Ukraine’s economy was cratering.



    The sanctions against Russia will also expire in summer and Obama will need to do wonders
    to get All Europe obedient to renew them..and blackmail Greece .Cyprus..and Spain, which Putin
    was visiting recently.. the latest ones and they once again told sanctions needs to be lifted.. apparently to extend Russian sanctions the unanimous vote of Europe is needed.. Maybe the white house will still managed to keep Europe Business away of Russia without official sanctions in place.. and by sending terror squads in eastern Ukraine provoke more violence.

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    kvs

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    Re: Russian Economy General News: #4

    Post  kvs on Thu Mar 12, 2015 11:33 pm

    Monthly inflation rate in Russia. After the devaluation surge it has fallen back to levels for the
    same period as in March 2014. This is very important data. It means that the inflation has
    stopped progressing and judging by the data there has not been that much of it:

    November 2014: ~1.3%
    December 2014: ~2.4%
    January 2015: ~3.0% (annualized rate of 36%)
    February 2015: ~1.8%

    Some of the above surge is part of the annual spike in December seen in all the previous years.



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    magnumcromagnon

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    Re: Russian Economy General News: #4

    Post  magnumcromagnon on Fri Mar 13, 2015 6:21 pm

    Excellent news!

    AVISMA plans by 2020 to increase production of titanium by a third for a total of 40 thousand tons per year

    Austin

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    Re: Russian Economy General News: #4

    Post  Austin on Fri Mar 13, 2015 7:11 pm

    Elvira: Risks cooling economy may persist until I quarter of 2016

    http://tass.ru/ekonomika/1826728

    On the development of the economy

    Russia's international reserves in 2015 will be reduced by $ 50 billion, said Elvira.

    "This year's gold reserves fell by $ 50 billion. This will include, including our operations to provide currency on a returnable basis," - she said.

    March 1, the volume of Russia's international reserves amounted to $ 360.22 billion from $ 385.46 at the beginning of the year, falling for two months at $ 25.24 billion.

    Capital outflow is projected at $ 100-110 billion. In addition, the Central Bank of Russia expects a decline of Russia's GDP in 2016 to 1-1.6%.

    CBR expects in 2015 to reduce by half the net payments on foreign debt - to $ 65 billion compared to last year, said Elvira.

    "Given the potential refinancing in international markets, we estimate the net external debt payments of $ 65 billion. This is about two times less than last year," - she appreciated. The head of the Central Bank expressed confidence that the ruble exchange rate in the current year, these payments will not be affected.

    "The biggest debt payments fall this year in February and March," - reminded Elvira.

    The Bank of Russia expects a positive balance of the current balance of the Russian Federation in 2015 at $ 64 billion.

    Central Bank also maintains a forecast of the condition of conservation of sanctions until 2017. "We believe continued restrictions on Russian companies' access to capital markets throughout the forecast period," - said the head of the Central Bank.
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    kvs

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    Re: Russian Economy General News: #4

    Post  kvs on Fri Mar 13, 2015 8:16 pm

    Austin wrote:Elvira: Risks cooling economy may persist until I quarter of 2016

    http://tass.ru/ekonomika/1826728

    On the development of the economy

    Russia's international reserves in 2015 will be reduced by $ 50 billion, said Elvira.

    "This year's gold reserves fell by $ 50 billion. This will include, including our operations to provide currency on a returnable basis," - she said.

    March 1, the volume of Russia's international reserves amounted to $ 360.22 billion from $ 385.46 at the beginning of the year, falling for two months at $ 25.24 billion.

    Capital outflow is projected at $ 100-110 billion. In addition, the Central Bank of Russia expects a decline of Russia's GDP in 2016 to 1-1.6%.

    CBR expects in 2015 to reduce by half the net payments on foreign debt - to $ 65 billion compared to last year, said Elvira.

    "Given the potential refinancing in international markets, we estimate the net external debt payments of $ 65 billion. This is about two times less than last year," - she appreciated. The head of the Central Bank expressed confidence that the ruble exchange rate in the current year, these payments will not be affected.

    "The biggest debt payments fall this year in February and March," - reminded Elvira.

    The Bank of Russia expects a positive balance of the current balance of the Russian Federation in 2015 at $ 64 billion.

    Central Bank also maintains a forecast of the condition of conservation of sanctions until 2017. "We believe continued restrictions on Russian companies' access to capital markets throughout the forecast period," - said the head of the Central Bank.

    So any deficit is reduced by $65 billion in 2015. As I recall the total defict was supposed to be $8.5 billion

    http://news.xinhuanet.com/english/europe/europe/2014-12/04/c_127274821.htm

    So why all the bitching about a deficit? It is irrelevant noise that is totally swamped by reduced debt payments.

    Vann7

    Posts : 3794
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    Re: Russian Economy General News: #4

    Post  Vann7 on Sat Mar 14, 2015 2:04 am

    Did anyone knows that the zionist media is so desperate to find something to complain
    about Russia ,and discredit their tourism to Sochi ,that they now uploading reports
    of the supposed genocide of some natives in Sochi in 1864?   Using videos of protest done not in Russia but in TUrkey in 2012..  Shocked   Laughing

    Yes incredible but true.. from aljazeera Qatar media..
    They oppose to Sochi olympics for something that happened in 1864 and the video albeit
    was made during Sochi olympics time.. was reuploaded again recently. By the army of
    NGOs financed by the west...  Smile



    Maybe they should start looking too at the Europeans ethnic cleasing of natives in the new world.. the slavery of africans.. or the millions natives killed by the Americans ,when they invaded their lands.  Smile

    Now if you think that was crazy..  of zionist media going back in history to 1864 the Tsar times to blame Putin for celebrating the olympics in the same place of a supposed genocide that may have or not happened the way they say..  is gets worse..

    Here is another video uploaded today.. with the words NOrth Korea + Sochi + discuss Gay rights.

    https://www.youtube.com/watch?v=duA2S1FH5r0

    Why would anyone upload in may 13 2015 a video about the need to boycott Sochi.. that happened in 2014.. and mention the problem of Genocides in 1864 or Gay rights or North Korea?
     
    Is a Full Scale Psicological Media war against Russia and its economy.. and to damage the image
    with Russia.. but more than anything the video about a genocide of natives.. seeks to revive history ,old wounds in people and create division in Russian society.. Wink

    So the above video is a perfect example of how the Neocons who controls Qatar ,
    and can influence the content of its media is leading a media war against Russia.. to
    create divisions on its society.

    All this is posted so people is aware of how Desperate Neocons and its allies media
    and its war against Russia.. Is a psicological warfare..  If you want to discredit something compare it with something bad.. Sochi = genocide = North Korea human rights = Gay RIghts.. = dogs killed = dirty water = toothpaste bomb.. this is what western media covers about
    Russia most popular touristical place.. unfortunately elder people with not critical thinking
    will get scared of hearing news like that.

    Now the European Union and US have declared that will fight back RT media "propaganda"
    as they call it.. with their media..  But in reality this is how they fight.. with propaganda bullshit..but also with an army of actors.. you can see them in RT discussions all the time..  repeating the same things again and again and again. their goal is to keep people attention
    all the time about how "evil and corrupt is Russia". that is brainwashing techniques..
    avatar
    sepheronx

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    Re: Russian Economy General News: #4

    Post  sepheronx on Sat Mar 14, 2015 2:45 am

    Austin wrote:Elvira: Risks cooling economy may persist until I quarter of 2016

    http://tass.ru/ekonomika/1826728

    On the development of the economy

    Russia's international reserves in 2015 will be reduced by $ 50 billion, said Elvira.

    "This year's gold reserves fell by $ 50 billion. This will include, including our operations to provide currency on a returnable basis," - she said.

    March 1, the volume of Russia's international reserves amounted to $ 360.22 billion from $ 385.46 at the beginning of the year, falling for two months at $ 25.24 billion.

    Capital outflow is projected at $ 100-110 billion. In addition, the Central Bank of Russia expects a decline of Russia's GDP in 2016 to 1-1.6%.

    CBR expects in 2015 to reduce by half the net payments on foreign debt - to $ 65 billion compared to last year, said Elvira.

    "Given the potential refinancing in international markets, we estimate the net external debt payments of $ 65 billion. This is about two times less than last year," - she appreciated. The head of the Central Bank expressed confidence that the ruble exchange rate in the current year, these payments will not be affected.

    "The biggest debt payments fall this year in February and March," - reminded Elvira.

    The Bank of Russia expects a positive balance of the current balance of the Russian Federation in 2015 at $ 64 billion.

    Central Bank also maintains a forecast of the condition of conservation of sanctions until 2017. "We believe continued restrictions on Russian companies' access to capital markets throughout the forecast period," - said the head of the Central Bank.

    Gold reserves fallen? must be translation error as it is FOREX, not gold reserves, and a huge portion of it are due to REPO and will be paid back, as it is given as liquidity to the banks. This has been mentioned countless times on TASS. I think it is translation error.
    avatar
    sepheronx

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    Join date : 2009-08-06
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    Re: Russian Economy General News: #4

    Post  sepheronx on Sat Mar 14, 2015 2:46 am

    Vann7 wrote:Did anyone knows that the zionist media is so desperate to find something to complain
    about Russia ,and discredit their tourism to Sochi ,that they now uploading reports
    of the supposed genocide of some natives in Sochi in 1864?   Using videos of protest done not in Russia but in TUrkey in 2012..  Shocked   Laughing

    Yes incredible but true.. from aljazeera Qatar media..
    They oppose to Sochi olympics for something that happened in 1864 and the video albeit
    was made during Sochi olympics time.. was reuploaded again recently. By the army of
    NGOs financed by the west...  Smile



    Maybe they should start looking too at the Europeans ethnic cleasing of natives in the new world.. the slavery of africans.. or the millions natives killed by the Americans ,when they invaded their lands.  Smile

    Now if you think that was crazy..  of zionist media going back in history to 1864 the Tsar times to blame Putin for celebrating the olympics in the same place of a supposed genocide that may have or not happened the way they say..  is gets worse..

    Here is another video uploaded today.. with the words NOrth Korea + Sochi + discuss Gay rights.

    https://www.youtube.com/watch?v=duA2S1FH5r0

    Why would anyone upload in may 13 2015 a video about the need to boycott Sochi.. that happened in 2014.. and mention the problem of Genocides in 1864 or Gay rights or North Korea?
     
    Is a Full Scale Psicological Media war against Russia and its economy.. and to damage the image
    with Russia.. but more than anything the video about a genocide of natives.. seeks to revive history ,old wounds in people and create division in Russian society..   Wink

    So the above video is a perfect example of how the Neocons who controls Qatar ,
    and can influence the content of its media is leading a media war against Russia.. to
    create divisions on its society.

    All this is posted so people is aware of how Desperate Neocons and its allies media
    and its war against Russia.. Is a psicological warfare..  If you want to discredit something compare it with something bad.. Sochi = genocide = North Korea human rights = Gay RIghts.. = dogs killed = dirty water = toothpaste bomb.. this is what western media covers about
    Russia most popular touristical place.. unfortunately elder people with not critical thinking
    will get scared of hearing news like that.

    Now the European Union and US have declared that will fight back RT media "propaganda"
    as they call it.. with their media..  But in reality this is how they fight.. with propaganda bullshit..but also with an army of actors.. you can see them in RT discussions all the time..  repeating the same things again and again and again. their goal is to keep people attention
    all the time about how "evil and corrupt is Russia". that is brainwashing techniques..

    I have already asked George to remove the stuff Magnum was putting up.  This isn't about propaganda but about economy.  Please post it in the other thread about western propaganda against Russia please.

    But I agree.  And Turks are the last people to complain about Genocide.  They still wont admit the Armenian genocide so screw them. Heck, Aljazeera should also be complaining about Qatar's human rights abuses about gay people and what not. If they think Russia is bad, why not point fingers at their financiers who actually behead homos.


    Last edited by sepheronx on Sat Mar 14, 2015 2:59 am; edited 1 time in total

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