You searched for "economy" (10 results found)

Economist predicts sharp rise in food prices

  • 8 Dec 09:54

Economist predicts sharp rise in food prices The coronavirus pandemic will lead to a sharp rise in food prices, said chief researcher of the Center for Agricultural and Food Policy of the Russian Academy of National Economy and Public Administration under the President of the Russian Federation, Doctor of Economics Vasily Uzun, theNational News Servicereports. Due to the pandemic, incomes fell by more than 10 percent, food is becoming more expensive, this trend persists for 2021. In the category of poor citizens, 50 percent of income accounts for food, he said. The expert noted that the public catering sector is under threat. If earlier in Russia, about 20 percent of rich families' income accounted for. Read more...

Russia Main Investor in Belarusian Economy: Putin

  • 5 Oct 10:08

Russia Main Investor in Belarusian Economy: Putin Russian President Vladimir Putin said that Russia provides serious credit assistance to Belarus for developing new industries in this country,TASSreported. “We provide serious credit and financial assistance to Belarusian economy;these funds contribute to the creation of new industries and jobs in the Belarusian regions,” he said in a video message to the participants of the VII Forum of Regions of Belarus and Russia. Putin stated that “Russia is the main investor in Belarusian economy.Russian companies account for almost half of all foreign direct investment in Belarus.” “More than 2,000 companies with Russian participation work in. Read more...

Russia’s Economy Faces Tough Times, Finance Minister Siluanov Admits

  • 19 Mar 11:50

Russia’s Economy Faces Tough Times, Finance Minister Siluanov Admits The situation in the Russian economy is currently not developing in the best way, with a significant deviation from macroeconomic forecasts for 2020, Finance Minister Anton Siluanov said at a meeting of the board of the Federal Treasury, according toRNS. “Unfortunately, the situation is not developing in the best way at the moment, and we deviate from the macroeconomic forecasts that we made for the current year. Of course, this will affect the budget,” Siluanov said. “Now a much more serious factor was added – the coronavirus factor. The problem is not even the virus itself, but the fact is that entire sectors of the economy are shrinking.. Read more...

Agricultural trade between Russia and China grew by 9.5%

  • 11 Dec 09:26

Agricultural trade between Russia and China grew by 9.5% According to the Ministry of Agriculture of Russia, agricultural trade between the Russian Federation and China continues to grow steadily. So, in January - October of this year, agricultural trade turnover increased by 9.5% compared to the same period of 2018, amounting to $ 3.93 billion. At the same time, Russian exports to China increased in value by 25% (to $ 2.6 billion). The range of exports is expanding. Also the sixth meeting of the Intergovernmental Russian-Chinese Commission on Investment Cooperation was held in Beijing. The meeting participants discussed the expansion of cooperation to build joint value chains in agriculture, talked about the. Read more...

How will meat export growth affect the meat price in Russia?

  • 4 Oct 08:26

How will meat export growth affect the meat price in Russia? Meat production in Russia is growing, and this trend will continue until 2024 - as well as an increase in meat exports. Russian meat producers are exploring new global markets. How will it affect the domestic market in Russia? According to Rosstat, in 2018, 10.6 million tons of meat were produced in Russia - the maximum volume in the foreseeable history of the country. According to the Ministry of Agriculture, the number of livestock since the beginning of this year has grown by 8%. According to official forecasts, livestock production will grow by another 1.8%by the beginning of 2020, and by 2024 the growth will reach 12%. The highest growth rate of meat production. Read more...

Putin comments on state of Russia's economy

  • 9 Sep 10:06

Putin comments on state of Russia's economy President Vladimir Putin considers the current situation in the Russian economy to be generally positive, according to the transcript of the meeting on economic issues released on the Kremlin’s website on Tuesday. "The situation in the Russian economy is generally positive on key parameters," he said. The president noted the dynamics of industrial output since the beginning of this year. "Industrial growth has reached 3.1% in eight months, including a 3.8% increase of manufacturing," he said. Putin also mentioned the performance of enterprises and organizations in terms of fixed capital investments that went up by 3.2% in the first. Read more...

Russia’s GDP Growth Slows Further in May: Economy Ministry

  • 25 Jun 11:47

Russia’s GDP Growth Slows Further in May: Economy Ministry Russian gross domestic product (GDP) growth slowed to 0.2% in May from a revised rate of 1.7% in the previous month, the Russian Economy Ministry said on Friday, according toGazeta.ru. TheBank of Russiasaid this month it hadloweredits 2019 GDP forecast to 1.0-1.5% from 1.2-1.7%. Russia’s economy has been stagnating lately after it overcome a nearly three-year-long recession. The boost that growth is supposed to get from the $390billion investments planned for president Vladimir Putin’s12 national projectsis still at least two years away and the administration is still arguing over how much to allot to which project. The positive effects of this spending. Read more...

Global poultry markets: It’s smart to be different

  • 20 Jun 10:18

Global poultry markets: It’s smart to be different Predictions by Rabobank show that the market for slow growing broiler concepts will grow by 8% now up to 20% by 2025. During the 3rdHubbard premium forum in Barcelona I was asked to shed a light on the economics behind broiler production and alternative broiler segments. The bottom line is that it is smart to be different, to move away from the bulk market. At least when you are a producer in Europe, because our continent is really different from the rest of the world. EU: the most expensive production location Recently I worked on an extensive dataset, comparing production costs of all main poultry producing countries around the world. And there is only one. Read more...

World Bank Lowers Growth Prediction for Russia’s Economy

  • 6 Jun 09:48

World Bank Lowers Growth Prediction for Russia’s Economy In another downgrade of its forecast for the growth of Russia’s economy, theWorld Banksaid on Wednesday it expects the Russian GDP to grow at a rate of 1.2% this year,Reutersreported. The financial institution held its 2020 and 2021 forecasts at 1.8%. Its latest revision — made in the twice-yearly Global Economic Prospects report — is still more optimistic than Russia’s own projection of 0.8 percent. The curtailed expectations parallel the World Bank’s downgraded forecast for global growth from 2.9 percent to 2.6 percent. Real GDP growth exceeded expectations in 2018, reaching 2.3 percent despite international sanctions. The bank had said. Read more...

Russia’s inflation may exceed forecast value and approach 4% — Accounts Chamber

  • 23 Nov 08:31

Russia’s inflation may exceed forecast value and approach 4% — Accounts Chamber By the end of 2018, inflation in Russia may exceed the forecast value and come close to 4%, according to the report of the Russian Accounts Chamber. "The forecast includes 3.4% consumer price growth in the current year against December 2017, which is 0.9 percentage points higher than last year’s level (2.5%). According to the Accounts Chamber, by the end of the year inflation may exceed the forecast value and come close to 4%," the report said. At the same time, according to the Accounts Chamber, under the influence of growth of the VAT rate from January 1, 2019, inflation in Russia by the end of 2019 will accelerate to 4.3%. In 2020, inflation will be. Read more...