Russian Economy General News: #9

Austin wrote:Shestiletku - for thirteen projects
New national targets will be oncology, digital lines and urban roads

https://www.kommersant.ru/doc/3628758

Austin wrote:Russia’s New State Armament Programme Implications for the Russian Armed Forces and Military Capabilities to 2027

https://www.chathamhouse.org/sites/files/chathamhouse/publications/research/2018-05-10-russia-state-armament-programme-connolly-boulegue.pdf

Chatham House, the Royal Institute of International Affairs, is an independent policy institute based in London. Our mission is to help build a sustainably secure, prosperous and just world.

Austin wrote:Putin Announces Massive $200 Billion Highway Building Program

Because of lower costs and higher efficiencies in Russia, this is the equivalent of the US spending $1.6 trillion

The MED expects GDP growth in 2018 to be lower than 2.1% http://tass.ru/ekonomika/5206303 wrote:

Arrow wrote:

Very poor growth.

Arrow wrote:China more than 6 % GDP grow

Hole wrote:Greater as that of Germany. Or France. Or Japan. Without 0% interest rates or 100%+ (Japan 350%) debt to GDP.

About Factory
The Project Financing Facility is a joint project of the Ministry of Economic Development and Vnesheconombank, which provides for financing projects through syndication on the basis of the "80 by 20" principle, where 20% is the initiator's own funds, 80% - borrowed funds syndicated through tranches to reduce the risks of project participants.

First of all, the Factory will support large-scale projects (worth more than 3 billion rubles), aimed at creating new high-tech industries. The borrower will have a floating rate, and if the maximum is exceeded at this rate, the project will receive a budget subsidy that will compensate for the costs when the rates increase.

Earlier, VEB reached agreements on participation in the Factory with VTB, Gazprombank and Sberbank, as well as with Zenit Bank, the Eurasian Development Bank, the All-Russian Bank for Regional Development, Sovcombank and the International Investment Bank. A number of transactions were also signed for project financing within the framework of the Factory for a total amount of 180 billion rubles.

miketheterrible wrote:

Arrow wrote:China more than 6 % GDP grow

China also has a population of 1.3B people.  More people, more taxes.

GunshipDemocracy wrote:

Austin wrote:Putin Announces Massive $200 Billion Highway Building Program

Because of lower costs and higher efficiencies in Russia, this is the equivalent of the US spending $1.6 trillion

I dont think if equivalent is that high, but it is great to see money being invested in economy. It always pays off.

GunshipDemocracy wrote:

miketheterrible wrote:

Arrow wrote:China more than 6 % GDP grow

China also has a population of 1.3B people.  More people, more taxes.

Im no sure if he is Ukrainian or Lithuanian but I'd love to know his country's GDP growth. I'd love to discuss it rate, reasons and perspectives.

GunshipDemocracy wrote:

miketheterrible wrote:

Arrow wrote:China more than 6 % GDP grow

China also has a population of 1.3B people.  More people, more taxes.

Im no sure if he is Ukrainian or Lithuanian but I'd love to know his country's GDP growth. I'd love to discuss it rate, reasons and perspectives.