Economy

Viktor Evtukhov (State Secretary – Deputy Minister of Industry and Trade of Russia) shared some aspects of the development of light industry of Russia and the measures of state support of the industry

The Russian government approved the draft of the federal budget for the 2017-2019. With that, the Ministry of Finance and the Ministry of economic development were tasked to clarify some provisions of

10 Oct 2016 in Istanbul the governments of the Russian Federation and Turkey signed an agreement on the project “Turkish stream.” This agreement provides for the creation of pipeline that will

The Minister of agriculture of Russia A. N. Tkachev in his speech at the exhibition “Golden autumn” 2016 noted that Russia consumes far less fertilizer than in Europe, and of of the targets

Agriculture of Russia demonstrated its achievements at the 18-th exhibition “Golden autumn”, held at ENEA in Moscow from 05 to 08 October, 2016 with the support and participation of the Ministry

One of the world’s largest producers of aluminium group RUSAL will hold the popular scientific project “RUSAL Festival #Science” in Siberia on 7 to 30 October 2016.

Cheese days started in the Russian capital on September 30, 2016, has given the opportunity to farmers to sell their products to Muscovites; for Moscow residents it offered many kinds of farmer cheese.

Two Special Investment Contract (SPIC) with companies of DMG Mori (machine tools) and Livgidromash (mechanical engineering) was signed in the framework of the XV International investment forum “

Government identified targets of non-energy export support policy. First, this is an increase in the exports volume of high-tech products, in the IT service industry, education and other promising areas.

The Russian government will support the enterprises’ modernization of light industry of the country. For this purpose 0.5 billion rubles have been allocated from the federal budget.

Russia is expanding the system of control over financial and commodity flows at the national and supranational levels within the EEU.

Industrial Development Fund continues to support the creation and modernization of import-substituting industries in Russia. At this time, soft loans under the program “Development Projects”

German chemical concern Bayer confirms plans of acquiring Monsanto, the largest producer of genetically modified seeds. The companies signed a corresponding agreement on September 14, 2016.

According to Vasily Osmakov (Russian ministry of Industry and trade), at the end of H1 2016, the planned targets for the share of imports are performed in most industries of Russia.
Macroeconomy
According to Rosstat, Russia’s GDP fell by 0.6% in the second quarter of 2016 compared to the second quarter of 2015 and increased by 7% compared to the first quarter of 2016.