News

Russia’s manufacturing PMI index down to 52.4 points in January
Moreover, the PMI index value in January signals the weakest upturn in the health of the manufacturing sector since July 2023.
Dollar millionaires in Russia plunge by a quarter over last decade
According to the international investment migration advisory firm, there are currently 409 people with a net worth of over $100 mln in Russia, as well as 43 dollar billionaires.
Polymetal gold production totals 1.7 Moz of gold equivalent in 2023
Net debt was largely stable as of the end of 2023 both quarter-on-quarter and year-on-year and stood at $2.38 bln.
EAEU GDP growth in 2024 projected to reach over 2.5%
In 2022, Armenia’s GDP grew by 12.6%, Kyrgyzstan’s - by 6.3%, Alexey Overchuk said.
Novatek can start gas shipments from Arctic LNG 2 in February 2024
Arctic LNG 2 project participants are Russia’s Novatek (60%), TotalEnergies (10%), CNPC (10%), CNOOC (10%), and Japan Arctic LNG (10%).
Average maximal interest rate on ruble deposits moves to 14.87% in mid-January
Deposit interest rates are monitored by the regulator in Sberbank, Sovcombank, VTB, Gazprombank, Credit Bank of Moscow, Alfa-Bank, Bank FC Otkritie, Promsvyazbank, Tinkoff Bank, and the Russian Agricultural Bank.
Sales of foreign currency earnings important for Russia’s economic stability
Boris Kopeikin recalled that under the sanctions, the Central Bank's reserves in euros and dollars are frozen and cannot be used to reduce exchange rate volatility.
State should expand decisions on business support — Putin
"We have already made certain decisions, but if not everything works or does not apply to businesses like yours, then this should be expanded," the Russian president noted.
Inflation reaches 7.42% in 2023 — Bank of Russia
The price growth rate remains high for a wide range of goods and services for the sixth month in succession, the regulator noted.
Russia to launch new national project on transportation this summer
It will have to ensure the prioritization of measures, based on the transportation and economic balance, the single core transportation network and the general development plan for the single core transportation network, Andrey Belousov noted.