Russian Economy General News: #9

The Accounting Chamber estimated the growth of real incomes of Russians in 2018 at the level of 0-0.4%

In addition, according to the Accounts Chamber, inflation was higher than the October official forecast and amounted to 4.2%.

World experts to discuss IT technologies at CEBIT Russia in Skolkovo June 25-27, 2019

The organizers have changed the format of the event to hold it in mid-summer. This will allow for holding some events outdoors
MOSCOW, January 1. /TASS/. Russian and international experts will discuss information and telecommunication technologies at one of the world’s largest international exhibitions CEBIT Russia, which the technopark Skolkovo will host on June 25-27, 2019, the Skolkovo Foundation’s press-service said.

The organizers have changed the format of the event to hold it in mid-summer. This will allow for holding some events outdoors," the news release says.

CEBIT is one of the world’s oldest and largest telecommunications exhibitions. Originally the company Deutsche Messe AG held it in Hannover each spring. Several years ago a number of CEBIT’s industry-related theme sections were integrated with the world’s largest industrial exhibition Hannover Messe.

"Against the backdrop of great demand for CEBIT themes in the emerging markets the brand is bound to meet with growing support in Russia. The existing sections - the exhibition platform and business program - will be complemented by a special site for informal meetings between visitors to and participants in CEBIT Russia," the news release runs.

The Skolkovo technopark’s CEO Renat Batyrov said the CEBIT brand would help the Russian event serve as another link of cooperation with foreign partners.

"Our joint project with the technopark Skolkovo - CEBIT Russia - has good chances to become one of the leading IT events, because at the moment our team can focus entirely on preparations for the Moscow debut. Partnership with Skolkovo is opening up vast growth opportunities for CEBIT as a brand," the news release quotes Deutsche Messe board member Andreas Gruchow as saying.

Hannibal Barca wrote: Even if you through 1 billion Chinese in Siberia, in one generation all will be Russian.. sort of at least 

higurashihougi wrote:

Khruschyov's "legacy" didn't stop inside USSR. He destroyed the unity of the Socialist Bloc and broke the back of European Communists. He sabotaged Marxist ideas and created chaos in governmental positions. Yet he claimed that under his regime the USSR advanced to communism already... what a joke.

miketheterrible wrote: Real income growth was around 4%

GunshipDemocracy wrote:

miketheterrible wrote: Real income growth was around 4%

if so sure, but what if trading economics is wrong? we'd need to know what is algorithm for counting salary growth was used by both sides. I hope Kudrin is wrong. Lest see and wait.
BTW as for stats -the top guy of Rosstat was fired recently, for "wrong methodology of providing results".

Kimppis wrote:To sum-up that opinion piece:

- Russia is not sovereign

- Russia has no "national idea"

- Russia should NOT prioritize (non-commodity) exports, it's a continent in itself, not a small country

- The Soviet Union was good. Stalin's industrialization was very good. The Soviet education system was the best in the world

miketheterrible wrote:BTW, I searched up on rosstat about proclaimed firing and one article that was critical of Russia said he was fired, and another said he was dismissed upon request. So one claims firing and adds how rosstat was controvercial (to whom? Liberalism's) and another saying he was dismissed upon request with no tabloid.

lol CNBC was the source.

After Rosstat returned to the Ministry of Economic Development, its head, Maxim Oreshkin, spoke of plans to reform the state statistics. In the first comment in the position of head of Rosstat, Pavel Malkov said that the reform would affect the methods of collecting information, systematizing the plan of statistical work, eliminating unnecessary and duplicate data, taking into account in official statistics data from alternative sources and replacing traditional forms of collecting information. Also, according to him, the reporting system needs to be reformed, the All-Russian Population Census, planned for 2020, requires new approaches.

The reform should fit into the creation of the National Data Management System, which is dealt with by the Ministry of Communications and the Ministry of Economic Development.


Rosstat needs to update the team and methods of work, said First Deputy Prime Minister, Minister of Finance Anton Siluanov, at the request of journalists to comment on the appointment. "Rosstat is the most important agency that uses outdated technologies and the oldest tools," he said.

“We need to ensure communication with the tax service, which has all the information about retail sales,” Siluanov said. “Rosstat still considers it manually ... Literally, Rosstat employees come with a mobile phone, take pictures of how much this or that product costs, send it to Rosstat “They are manually driven in and counted there.”

Siluanov also called the "terrible" quality of calculation of real incomes of the population (according to Rosstat, they have been declining since 2014). As this indicator is considered, "probably only Rosstat knows," said the first deputy prime minister.

GarryB wrote:

I'd say there are always 2 sides of the coin. Sanctions really hurt to some degree economy but wont kill it.

Ironically the easy way would have been to ignore Russias growth and "independent government" until it was more integrated into western systems and international systems so that when they started the anti Russia campaign it was too interlinked to survive on its own and would feel more compelled to bend on certain issues.

But we are talking about Russians... Leningrad... Stalingrad... should we ignore history?

They seem to enjoy the self sacrifice to resist external aggression...

An easy life where everything is at your fingertips does not create good stock when things turn bad...

miketheterrible wrote:
Not quite, he states Russia would lose it's soverignty if they move to the Digital economy of things. Which I am lost in how that would be.

But I agree with his motion about the education system.

After Rosstat returned to the Ministry of Economic Development.

Putin and his government look severely incompetent wrote:

Arrow wrote:

Putin is a very weak politician.

Bank of Russia has been financing the expansion of Russian gold mining but even this is no longer enough -- for the first time Russia is having to source some of its gold from abroad...

miketheterrible wrote:One major issue that the Russian government does, that gives ammo to the liberalists is that they are neither clear in their objectives nor are they on the same page.

Putin states ~20T to be spent in 6 years for the national projects. Yet, only 5.6T will be spent in next 3 years.

So that means three years after, they will need to spend a little under 15T other maybe more, on meeting the deadline.  In this case, there is a good amount of Ammo the Russian government is giving the liberals in their anti Russian government armory.

Then there is the claims of 15T of private investment for the national projects? Do I read that correctly?  I am not sure.

So the whole thing becomes confusing. To add to it, it makes Putin and his government look severely incompetent if they cannot even agree on what was signed and planned, long before project starts.

Allow me to remind you that within six years, about 28 trillion rubles will be channeled into national projects from all sources. This is an astronomical figure for us today.


However, we have long worked on consolidating these resources – those of the state, the regions, and business. They must be put to use within the country and for its development, become a stimulus for the national economy, industry, science and education.