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    Russian Economy General News: #9

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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Tue Jun 19, 2018 9:50 am

    miketheterrible wrote:
    Even under heavy sanctions, rich can obtain whatever they want in the current capitalistic society.

    so far there's no alternative unlike you mean Cuba or North Korea Razz Razz Razz


    Siluanov confirmed plans to capitalize VEB


    MOSCOW, June 15. / TASS /. The funds for Vnesheconombank's additional capitalization will go to infrastructure projects, Deputy Prime Minister and Finance Minister Anton Siluanov said on Rossiya 24 TV channel on Friday .

    "First and foremost, this is infrastructure, this is the development of the digital economy sector." This is what our economy needs to further stimulate development, "he said, answering the relevant question.

    "In sum, we will be determined depending on specific projects, when we will have a general picture of the funds allocated," Siluanov explained.

    Earlier, the head of the state corporation, Igor Shuvalov, reported that part of the funds of the Foundation for Infrastructure Development may be directed to the additional capitalization of Vnesheconombank. The infrastructure development fund is planned to be financed through domestic borrowing, including from the population. The fund is being created temporarily, until 2024, said Deputy Minister of Finance Vladimir Kolychev, and is designed for key projects that affect the quality of life of people.

    The limit of the infrastructure fund will be set annually by the law on the budget, until it reaches in 2024 the value of 3.5 trillion rubles.

    Подробнее на ТАСС:
    http://tass.ru/ekonomika/5296643
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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Fri Jun 22, 2018 2:33 am

    New measures of business support will appear in Russia
    The Ministry of Economic Development and the Central Bank agreed on the issue of subsidizing the costs of small businesses when offering shares and issuing bonds

    https://iz.ru/755839/inna-grigoreva/v-rossii-poiaviatsia-novye-mery-podderzhki-biznesa



    The Central Bank is preparing to purchase citizens corporate bonds

    The Bank of Russia expects a massive arrival of citizens in the bond market: against the background of lower deposit rates and confidence in OFZs, interest in more profitable corporate bonds will soon appear, says First Deputy Chairman of the Central Bank of Russia Sergey Shvetsov
    https://rg.ru/2018/06/21/cb-gotovitsia-k-skupke-grazhdanami-korporativnyh-obligacij.html



    The money of the military mortgage will be invested in bonds of domestic companies

    The Ministry of Defense tightens control over the investment of funds intended for housing subsidies to servicemen
    The Ministry of Defense will tighten control over the investment of money intended for payment of housing subsidies and mortgages for servicemen. Now the federal money coming to Rosvoenipoteka for these needs is transferred to trust management of investment management companies (MCs). The Ministry of Defense increases the requirements for the reliability and profitability of instruments in which these funds can be invested. Now most of the portfolio will be made up by bonds of Russian companies, and when investing management companies will start taking into account the credit ratings of Russian, and not international agencies. According to experts, the legislative initiative will help preserve the money of the military mortgage and the development of the Russian financial market.
    https://iz.ru/755832/bogdan-stepovoi-aleksandr-kruglov-tatiana-gladysheva/dengi-voennoi-ipoteki-vlozhat-v-obligatcii-otechestvennykh-kompanii







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    ZoA

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    Re: Russian Economy General News: #9

    Post  ZoA on Fri Jun 22, 2018 10:50 am

    GunshipDemocracy wrote:
    so now dear expert girl there will be no attacks? right?


    I happen to be expert boy FYI.

    I wonder how you would explain 2009 in Russia that had M2 money supply drop abut 20% while inflation was over 10%, or last 5 years in Russia where M2 has grown constantly while inflation was randomly oscillating between 2% and 16%. I guess we can add that to list of basic concepts you cant grasp like supply and demand, price, life expectancy et al.

    and what was fueling that growth? consumer goodies? hi tech? productivity growth? right? cool. Or you again have some blogger theories not proven in practice?

    Are you are asking me what was fuelling M2 money supply growth, or inflation growth? Your question does not make much sense given what you quoted. Either way non of things you mention affect M2 supply, but might have some secondary effects to inflation growth.

    Primary mechanism that affects inflation  is international capital flows. General rule for those is so called "unholy trinity" that stipulates that because of international interest rates arbitrage trade no country can simultaneously maintain stable foreign exchange rate, independent control over domestic credit and free capital market flows. It at best it must pick two of those and sacrifice the third. An this is actually optimistic assessment because it assumes only for profit arbitrage, not deliberate finacial attack motivated by poltical motives and executed via derivative instrument and deliberate disinformation campaigns.


    Poland is not enemy of USA.

    So you actually concede inflation has little to do with economic policy and more to do with being obedient puppet of US?

    Poland's economy is not based on oil export. Cars, engines, electronics. household goodies, engines, processed and raw food. What precisely exports Venezuela beside oil? How many billions $ s spent on R&D ?

    Actually Poland is in far worse condition then Venezuela form standpoint foreign balance of trade. For most of this century Venesuela has enjoyed positive balance of trade , while Poland had negative balance of trade.


    Police is easily bribed to stand aside when the time comes.
    history shows NEVER in strong states. Hungary anybody stand on Soros side? huh?

    How do you define strong state?

    As for Hungary:


    You can see there is already propaganda and cadre preparation for colour revolution in Hungary and active 5th column there to facilitate it.

    You can see similar anti Polish propaganda videos:
    https://www.youtube.com/watch?v=VKtIIFSF6K0
    https://www.youtube.com/watch?v=_z9k2JN6iVI
    https://www.youtube.com/watch?v=40hhc0cjYyg

    Slander almost approaches the level of the one used against Russia. Clearly much of Anglo-American oligarchy is growing increasingly dissatisfied with Polish ruling regime. Anglo and Zionist oligarchs demand following concessions from Poland:
    - unrestricted access of migrants to Polish territory,
    - giving up on sovereign Polish control of Polish constitutional court
    - Polish government conceding responsibility of crimes committed by German government against Jews on Polish territory at the time when Polish state did not even exist.

    There will be new election in Poland before end of next year, and i fully expect if PiS does not bend the knee on all those issues there will be US orchestrated shenanigance before those next elections, that might include financial attack against zloty, orchestrated protests, sudden "corruption affairs" implicating PiS cadre and similar activity design to pressure party membership, or remove party from power and replacing it with one more compliant to US demands.


    again you cannot read with understanding? they HAD many years 8% so higher than Russia and growth 7,5%. What you cannot explain with you never applier in practice theories  lol1  lol1  lol1

    Oh my ignorant girl what was inflation rate in Turkey at that time, a then therefore what was real inflation adjusted interest rate?

    Poland is neither  Ukraine nor Yugoslavia. State is much stronger, both economically and internally.. And US cannot do much because main market is EU. Us is not even in 10 top trading partners AFAIK.  Not Venezuela  mate.

    ...hubris goes before the fall...
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    GunshipDemocracy

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    Re: Russian Economy General News: #9

    Post  GunshipDemocracy on Fri Jun 22, 2018 3:44 pm

    Off Topic

    ZoA wrote:
    GunshipDemocracy wrote:
    so now dear expert girl there will be no attacks? right?

    I happen to be expert boy FYI.

    Surely an expert field of expertise thought is yet to be defined. And you call other gyus a girl so I thought you like be called this way lol1 lol1 lol1 Off Topic




    Primary mechanism that affects inflation  is international capital flows. General rule for those is so called "unholy trinity" that stipulates that because of international interest rates arbitrage trade no country can simultaneously maintain stable foreign exchange rate, independent control over domestic credit and free capital market flows. It at best it must pick two of those and sacrifice the third. An this is actually optimistic assessment because it assumes only for profit arbitrage, not deliberate finacial attack motivated by poltical motives and executed via derivative instrument and deliberate disinformation campaigns.



    and now back to reality so what was fueling Russia economy growth again ? price of oil? printing money? industrial investments? consumer products market growth? was agricultural production growing? industrial one? investments in scinece ? hi-tech? no capital outflow?






    Poland is not enemy of USA.
    So you actually concede inflation has little to do with economic policy and more to do with being obedient puppet of US?

    [/quote]
    all world is, worst situation is only south or Europe or Latin America. Neither economy and case of Europe being puppet of Germany which is under US occupation. I choose Poland then. Look at Balkans except with Serbia all are in fact puppets of Germany . If Russian economy wont kick start Serbia is gonna loose it step by step. cry cry cry




    Poland's economy is not based on oil export. Cars, engines, electronics. household goodies, engines, processed and raw food. What precisely exports Venezuela beside oil? How many billions $ s spent on R&D ?

    Actually Poland is in far worse condition then Venezuela form standpoint foreign balance of trade. For most of this century Venezuela has enjoyed positive balance of trade , while Poland had negative balance of trade. [/quote]

    Ah balance of trade is so great and only Sorosis the one behind still 25000% inflation and 2x down GPD and no scientific research + 90% of exprot is oil? whoa you are real expert.



    How do you define strong state?
    As for Hungary:
    Sure since 2010 Orban has been continuously attacked and no revolution took place. Still popular. You see? Soros just like a month ago cried that all gone wrong lol1 lol1




    Slander almost approaches the level of the one used against Russia. Clearly much of Anglo-American oligarchy is growing increasingly dissatisfied with Polish ruling regime. Anglo and Zionist oligarchs demand following concessions from Poland:

    Oh Zionists are powerful shit but not omnipotent you know? Tehy have been demanding since 68' . So far nothing. Zip . Null.
    Immigrants in Poland? bwhahahah there are about 2 millions already. !,5mln ofUkrainians, ~250 k Vietnamese , rest is southern Europe, former USSR some Asians or Turks, and like 1% of "German immigrants" . Easy to pacify.

    Besides there were camps of "refugees" in Poland and you know what? whey all escaped to Germany Razz Razz Razz they never get enough money for free Angela Merke is better auntie lol1 lol1 :lol1:neither could organize mass Islamic movement.


    There will be new election in Poland before end of next year, and i fully expect if PiS does not bend the knee on all those issues there will be US orchestrated shenanigance before those next elections, that might include financial attack against zloty, orchestrated protests, sudden "corruption affairs" implicating PiS cadre and similar activity design to pressure party membership, or remove party from power and replacing it with one more compliant to US demands.

    This has been before PiS grab the power lol1 lol1 lol1 the femomenon is thhat the more PiS is criticized in western media and lib-trad press the more popular is in country. the have control on special services, media inside country so Vth column step by step is cleared.

    I can tell you if PiS wasent this moronic anti-Russian I'd vote for them. As for internal politics I fully support them. For external in 5% mybe.





    Oh my ignorant girl what was inflation rate in Turkey at that time, a then therefore what was real inflation adjusted interest rate?

    so in Russia is all ok with inflation you say? no risk for higher one? no attacks gonna happen? no civil unrest if all money gone abroad and prices hike? thumbsup thumbsup thumbsup you;re clever girl!



    Poland is neither  Ukraine nor Yugoslavia. State is much stronger, both economically and internally.. And US cannot do much because main market is EU. Us is not even in 10 top trading partners AFAIK.  Not Venezuela  mate.

    ...hubris goes before the fall...[/quote]

    Drama queen girl, you are talking like old village woman lol! lol! lol!

    Yugoslavia was a multi ethnic country with many inter ethnic hatery-revang bills not yet cleared. Besides Yugoslavian leadership could bend a bit to show that west is the master and save country they wanted to be nonflexi and lost all. ...
    Poland is like 98% of mono-ethnically. Not going to fight with west like Milosevic did. Hungary si not far from. Unlike Venezuela both countries existed over 1000 years. Since they survived so long there must be some enough strong mechanism for elites survival.


    And no, the globalist shit is loosing now.
    After Trump dismissed G7 and wants to meet Putin. France and Germany 's leaders come to Moscow and dying Soros crying befor going to hell. Chine and India is on rise + new Kondratiev wave.

    I just wonder if Russia grabs back eastenr europe after France/Germany more less unite? or they'll keep spoils of war?

    Off Topic Off Topic end of off topic hereI am gonna now only focus on Russian enonomy here oki?

    Austin

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    Re: Russian Economy General News: #9

    Post  Austin on Mon Jun 25, 2018 6:09 pm

    Global Financial Meltdown - One Of The Best Financial Crisis Documentary Films

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    KomissarBojanchev

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    Re: Russian Economy General News: #9

    Post  KomissarBojanchev on Tue Jun 26, 2018 7:13 pm

    This article shows that hole's demographic alarmism is full of shit. Gunshipdemocracy will ignore this because the  authors arent Putin.


    https://thesaker.is/pension-reform-as-a-fifth-column-tool-to-overthrow-putin/

    All reforms of the pension system should be done to improve the lives of Russian workers and pensionnaires, not capitalists.
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    miketheterrible

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    Re: Russian Economy General News: #9

    Post  miketheterrible on Tue Jun 26, 2018 8:37 pm

    Yeah, I don't really take thesaker at full face value. Especially after his tripes about Putin and lack of help for donbass.

    But Russia is pushing same thing as what we all did in the west. Pension age here was 67 until it was brought down to 65.

    The money saved can be used for further economic and social development.
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    KomissarBojanchev

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    Re: Russian Economy General News: #9

    Post  KomissarBojanchev on Tue Jun 26, 2018 9:48 pm

    miketheterrible wrote:Yeah, I don't really take thesaker at full face value. Especially after his tripes about Putin and lack of help for donbass.

    But Russia is pushing same thing as what we all did in the west. Pension age here was 67 until it was brought down to 65.

    The money saved can be used for further economic and social development.

    I know you didnt read the article because you assume it was written by the saker when it wasnt. Also, he defended putin until the bitter end when he appointed utterly corrupt neolberal scum like Mutko.

    Also "but the west does it" argument is disgusting bourgeois deception.
    At its peak, the west kept pension ages low and  when it raised them it turned into an underpaid exploitative shithole where the proletariat has to work harder and longer than ever before with constantly rising bills. I dont want Russia to (continue) to be an oligarchic capitalist free marketeer hellhole.
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    Nibiru

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    Re: Russian Economy General News: #9

    Post  Nibiru on Wed Jun 27, 2018 2:54 pm

    Russia's economic growth will reach 2.1% by year end, finance minister says


    MOSCOW, June 27. /TASS/. Growth of the Russian economy in 2018 will reach 2.1%, real wages will grow by 6.3%, First Deputy Prime Minister Finance Minister Anton Siluanov said on Wednesday.

    "We see that inflation is falling compared to the planned figures. We planned 4%, in the draft amendments, in the forecast we take into account 2.8%, growth of the economy this year is 2.1%, it grows at a faster pace, in addition to industrial production real wages are growing. Growth of real wages in the current year we estimate at a rate of 6.3%," the minister said.

    http://tass.com/economy/1011088
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    miketheterrible

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    Re: Russian Economy General News: #9

    Post  miketheterrible on Wed Jun 27, 2018 4:27 pm

    KomissarBojanchev wrote:
    miketheterrible wrote:Yeah, I don't really take thesaker at full face value. Especially after his tripes about Putin and lack of help for donbass.

    But Russia is pushing same thing as what we all did in the west. Pension age here was 67 until it was brought down to 65.

    The money saved can be used for further economic and social development.

    I know you didnt read the article because you assume it was written by the saker when it wasnt. Also, he defended putin until the bitter end when he appointed utterly corrupt neolberal scum like Mutko.

    Also "but the west does it" argument is disgusting bourgeois deception.
    At its peak, the west kept pension ages low and  when it raised them it turned into an underpaid exploitative shithole where the proletariat has to work harder and longer than ever before with constantly rising bills. I dont want Russia to (continue) to be an oligarchic capitalist free marketeer hellhole.

    Mutko is a construction manager. Nothing more. And not neo liberal.

    So please, spare us your retardation. Cause I did read the article. Thank you. And no, I recall saker went on an anti Putin tirade after forcing what's his nuts out of novorussia.

    I don't agree with everything o rich says. So I care not that he is taking what stalkerzone states.

    As well, since I am smarter than you are and understand how economics work, I also understand why they have to increase the age of pension. Like everyone else is doing.

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    Re: Russian Economy General News: #9

    Post  Arrow on Wed Jun 27, 2018 5:44 pm

    Russia's economic growth will reach 2.1% by year end, finance minister says wrote:

    Still very slow
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    Nibiru

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    Re: Russian Economy General News: #9

    Post  Nibiru on Wed Jun 27, 2018 11:26 pm

    Arrow wrote:

    Still very slow

    Economic Ministry has to downgrade GDP forecast Suspect


    MOSCOW, June 27. /TASS/. The Economic Development Ministry has worsened its forecast for Russia's GDP growth in 2018 from 2.1% (set in the April forecast) to 1.9%, a source in the government's financial and economic department told reporters.

    The relevant updated macroeconomic forecast has been submitted to the government, the source said.

    The ministry also lowered its forecast for Russia's GDP growth in 2019 from 2.2% to 1.4%.

    According to the new forecast, inflation in Russia will be 2.9-3.1% in 2018 not 2.8% as it was expected in the forecast released in April.

    The forecast for inflation in 2019 was raised from 4% to 4.3%, the source said.

    The Economic Development Ministry also estimated the impact of the VAT increase from 18% to 20% (planned from 2019) on inflation as 1.2 percentage points (pp). In particular, 0.2 pp. will be added to inflation this year. Nevertheless, in 2019, the acceleration of inflation will not exceed 4.5% in annual terms, the source said.

    According to the source, the ministry maintained its outlook for the growth of real wages in 2018 at 6.3% and slightly lowered expectations for 2019 - from 1.3% to 1%.

    Industrial production growth

    In the revised macroeconomic forecast, the ministry raised its outlook for the growth of industrial production in 2018 from 1.7% to 2.5%. The growth of this indicator in 2019 is expected to be no less than 2%.

    The ministry expects that after adjusting to new conditions (raising VAT to 20% and capital outflow from emerging markets) GDP growth will intensify and in 2020 will exceed 2%, and in 2021 will be about 3%.

    Oil price up, ruble weakens

    According to the new version of the ministry, the average annual ruble-to-dollar exchange rate in 2018 will be 61 rubles per dollar against 58.6 rubles, as it was expected in April.

    The forecast for the ruble-to-dollar exchange rate at the end of the year is about 62 rubles per dollar (previously - 58.8 rubles), the source added.

    At the same time, the ministry does not see the grounds for a significant weakening of the ruble rate in 2019-2020 and expects it at about 63-64 rubles per dollar.

    In the new version of the macro forecast, the average annual price of Urals oil in 2018 is set at $69.3 per barrel up from $61.4 in the April forecast, and in 2019 it is expected to be $63.4 per barrel. By 2024, it is expected to decline to $53.5 per barrel.

    Capital outflow decline
    The Economic Development Ministry revised upwards its outlook for capital outflow from Russia in 2018 to $25 bln from $33 bln (according to the April version of the macroeconomic forecast).

    The ministry expects that in coming years the outflow of capital will decline and by 2024 the indicator will reach minimum values close to zero.

    The ministry’s forecast for the growth of investment in fixed assets in Russia in 2018 has been set at 3.5% against 4.8% in the April version. In 2019 this indicator is seen at 3.1% against 5.6% as it was set in the April forecast.

    http://tass.com/economy/1011217
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    miketheterrible

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    Re: Russian Economy General News: #9

    Post  miketheterrible on Thu Jun 28, 2018 12:06 am

    Investments in Russia has grown considerably. So I dunno were the forecasts come from.
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    Re: Russian Economy General News: #9

    Post  kvs on Thu Jun 28, 2018 12:47 am

    I posted about the growth rate in another thread. GKS is clearly engaged in manipulation to low ball it.

    The nominal growth was 8.2% in the first quarter of 2018. Yet GKS reports a 1.3% growth rate. The problem is
    that the CPI was 2.4% and the PPI was 5.2% in the first quarter. So the GDP deflator is

    D = 1 + C*CPI + P*PPI

    where C + P = 1 and reflect the relative fractions of the consumer sector and the non-consumer sector of the GDP.
    By definition the value C*CPI + P*PPI < 5.2%. The real GDP growth in the 1st quarter would be over

    (1 + 0.082)/(1 + 0.052) = 1 + 0.0285 or 2.85%

    In fact the real GDP growth in the 1st quarter is over 4%.

    The above is smoking gun evidence that GKS and the CBR are engaged in the manipulation of important government
    statistics. I can see why Putin's government may want to make Russia look weaker than it is. But I think that the
    time for this is over and it is no longer effective like it was 10 years ago. NATO is in full blown anti-Russian hysteria
    so making Russia look weak is stupid.

    https://www.awaragroup.com/blog/hidden-growth-of-russian-gdp/

    Note that Hellevig forgets about the PPI in the above piece. But his point remains valid.

    https://tradingeconomics.com/russia/producer-prices-change

    The average PPI was 5.2% in the 1st quarter. The 2nd quarter looks anomalous and likely reflects overheating prices due
    to the fact that the economy is actually hot and not cold.

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    Re: Russian Economy General News: #9

    Post  Austin on Thu Jun 28, 2018 9:36 am

    https://twitter.com/spectatorindex/status/1012231962050756608

    The Spectator Index

    Oil price needed to balance budget.

    Venezuela: $223
    Nigeria: $124
    Algeria: $105
    Angola: $78
    Saudi: $87
    Iran: $68
    Kazakhstan: $60
    Iraq: $54
    Kuwait: $48
    Russia: $40

    Current oil price: $77.4

    Austin

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    Re: Russian Economy General News: #9

    Post  Austin on Thu Jun 28, 2018 1:33 pm

    Investments in deregulation: The plan of the Ministry of Economy on investment growth only by the forces of the state is impracticable

    https://www.kommersant.ru/doc/3670155?from=four_economic
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    Re: Russian Economy General News: #9

    Post  kvs on Fri Jun 29, 2018 12:14 am

    Austin wrote:Investments in deregulation: The plan of the Ministry of Economy on investment growth only by the forces of the state is impracticable

    https://www.kommersant.ru/doc/3670155?from=four_economic

    Kommersant is a libearst rag. Owned by Berezovsky before he croaked. Never got properly purged of the 5th column
    so anything they say is BS.

    Investment growth can be increased by forces of the state without any question. It is simply not credible to claim that
    the Russian government is following some sort of 100% central planning approach to economic development after the
    empirical evidence of the last 20 years. Kommersant can go and shove itself.

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    Re: Russian Economy General News: #9

    Post  Austin on Fri Jun 29, 2018 7:55 am

    RZD will reduce staff by 42 thousand people

    https://ria.ru/economy/20180629/1523621300.html?referrer_block=index_main_4

    MOSCOW, June 29 (Itar-Tass) - RIA Novosti. RZD plans to reduce the number of employees by 42 thousand people by 2025.

    The head of RZD: railways should not become a brake on the development of the economy
    This follows from the long-term development program of the company, which RIA Novosti learned about.

    Now, 737,400 people work in the Russian Railways. The number of employees is planned to be reduced due to the natural outflow of personnel, the redistribution of labor resources and the introduction of new technologies.

    It is noted that after such a step the average salary in the company will grow to about 80 thousand rubles, now - 55 thousand.

    At the same time, the company wants to attract 65,000 employees annually.



    РИА Новости https://ria.ru/economy/20180629/1523621300.html

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    Re: Russian Economy General News: #9

    Post  Austin on Fri Jun 29, 2018 7:55 am

    The timing of the appearance of Russian analogues of Siemens turbines

    https://ria.ru/technology/20180629/1523618714.html?referrer_block=index_main_2

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    Re: Russian Economy General News: #9

    Post  Austin on Fri Jun 29, 2018 7:59 am

    Very interesting amount if they can manage to do that

    Technology will attract trillions

    https://iz.ru/756819/egor-sozaev-gurev/na-tekhnologii-privlekut-trilliony

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    Re: Russian Economy General News: #9

    Post  Austin on Fri Jun 29, 2018 4:23 pm

    Gazprom Neft upbeat over Arctic oil as prices recover

    https://www.platts.com/latest-news/oil/london/gazprom-neft-upbeat-over-arctic-oil-as-prices-26980469


    Miller called Gazprom's proven hydrocarbon reserves the largest in the world
    ...
    Источник: https://politexpert.net/111724-miller-nazval-dokazannye-zapasy-uglevodorodov-gazproma-krupneishimi-v-mire

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    Re: Russian Economy General News: #9

    Post  littlerabbit on Fri Jun 29, 2018 4:26 pm

    Austin wrote:The timing of the appearance of Russian analogues of Siemens turbines

    https://ria.ru/technology/20180629/1523618714.html?referrer_block=index_main_2

    More good news, if Russia keeps good pace, they could began with exports in time...Russia will be self sufficient in high percentage. respekt russia
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    miketheterrible

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    Re: Russian Economy General News: #9

    Post  miketheterrible on Fri Jun 29, 2018 10:49 pm

    Austin wrote:RZD will reduce staff by 42 thousand people

    https://ria.ru/economy/20180629/1523621300.html?referrer_block=index_main_4

    MOSCOW, June 29 (Itar-Tass) - RIA Novosti. RZD plans to reduce the number of employees by 42 thousand people by 2025.

    The head of RZD: railways should not become a brake on the development of the economy
    This follows from the long-term development program of the company, which RIA Novosti learned about.

    Now, 737,400 people work in the Russian Railways. The number of employees is planned to be reduced due to the natural outflow of personnel, the redistribution of labor resources and the introduction of new technologies.

    It is noted that after such a step the average salary in the company will grow to about 80 thousand rubles, now - 55 thousand.

    At the same time, the company wants to attract 65,000 employees annually.



    РИА Новости https://ria.ru/economy/20180629/1523621300.html

    So they aren't letting people go, but not replacing these people once they do go. Makes sense if they don't need to fill those positions anymore.

    Austin

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    Re: Russian Economy General News: #9

    Post  Austin on Sat Jun 30, 2018 8:04 am

    Miller spoke about the course of negotiations with China on the Western supply route

    https://ria.ru/economy/20180629/1523661571.html


    Miller said, through which countries can pass the thread of the "Turkish flow"

    https://ria.ru/economy/20180629/1523661571.html
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    ZoA

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    Re: Russian Economy General News: #9

    Post  ZoA on Sat Jun 30, 2018 11:11 am

    GunshipDemocracy wrote:
    [bunch op poorly formatted nonsense]


    Not surprisingly you are ignorant about even most basic concepts such as difference between nominal interest rate and real interest rate. Hardly surprising given that you pretty much show ignorance of all other relevant economic concepts. Given such ridiculous level of your cluelessness your inability to understand how financial arbitrage or speculative attacks affect inflation rate is to be expected. ¯\_(ツ)_/¯

    Furthermore you dont seem to comprehend difference between consequences of PiS policy and policy of previous Polish governments as perceived by US imperial interests.

    And also you dont seem to understand how to properly format quotes in forum posts.

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    Re: Russian Economy General News: #9

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