Russian Economy General News: #7

Novo-Ogaryovo, September 29 -. RIA Novosti / Prime "Aeroflot" is working on contracts for the supply of additional 20 aircraft Sukhoi Superjet 100 (SSJ100) and 50 vessels MS-21, the general director Vitaly Savelyev airlines.

"We are now at the stage of elaboration of the contract for an additional 20 machines Sukhoi Superjet and working on a contract for the machine MC-21, 50 cars," - said Savelyev at a meeting with Russian President Vladimir Putin.
He noted that the supply of SSJ100 is expected in 2017-2018. "We're going to get 20 cars for 2017 and 2018, and now we are discussing on time," - said the head of Russia's largest air carrier.
As of July 31, 2016 "Aeroflot" operated 172 aircraft, most of the ships make the Airbus A320, Airbus A330 and the Sukhoi SuperJet 100. Russian regional jets of the new generation Sukhoi SuperJet 100 airline received in June 2011 (in the framework of a solid order 30 Sukhoi SuperJet 100 aircraft).
Also, the airline "Aeroflot" group of operators will be the first of a new medium-haul passenger airliner MS-21-300.

Austin wrote:Neoliberalism and Financial Warfare: Can Russia Learn From Brazil’s Fate?

http://www.globalresearch.ca/neoliberalism-and-financial-warfare-can-russia-learn-from-brazils-fate/5548534

Norway Announces Massive Withdrawals From Sovereign Wealth Fund To Cover Deficits

Austin wrote:Why is trade surplus decreasing kvs , Have they increased import or exports are falling ?

The surplus of Russia's foreign trade fell by 48% in January-September

MOSCOW, Oct. 11 -. RIA Novosti / Prime trade surplus of the Russian Federation in January-September 2016 amounted to 63.1 billion compared to $ 118.2 billion a year earlier, according to the materials of the CBR.


Thus, the trade surplus declined in comparison with the same period last year by 48.1%, or 56.9 billion dollars.

franco wrote:

Austin wrote:Why is trade surplus decreasing kvs , Have they increased import or exports are falling ?

The surplus of Russia's foreign trade fell by 48% in January-September

MOSCOW, Oct. 11 -. RIA Novosti / Prime trade surplus of the Russian Federation in January-September 2016 amounted to 63.1 billion compared to $ 118.2 billion a year earlier, according to the materials of the CBR.


Thus, the trade surplus declined in comparison with the same period last year by 48.1%, or 56.9 billion dollars.

Without doing any research, perhaps the Russians have started importing more items again with their deflated ruble.

Bank of Russia asks population to limit consumption to support economy



Chairwoman of the Bank of Russia Elvira Nabiullina said that consumption in Russia should grow at a rate that would not lead to higher inflation.

The head of the Russian Central Bank said during Russia Calling Forum on October 12 that the growth of the consumption rate should not exceed the growth rate of the nominal income. According to Nabiullina, one needs to stimulate the savings of the population.

"One should have a right balance between consumption and savings. In this case, consumption will gradually recover, and we already see signs of this," said Nabiullina.

According to the head of the Central Bank, inflation in Russia remains very high, whereas one requires four percent or lower to be able to attract investment.

"The inflation rate of 6-7 percent was more or less normal in the mid-2000s, when Russia's economic growth was based on the ever-increasing oil prices as the driving force of the Russian economy. Today, economic needs are completely different, and this is obvious to everyone," she said.

Meanwhile, Russian citizens increased their spending in September of 2016 for the first time since 2014, Slon reports. In August, people's spending adjusted for inflation was lower than in 2012.

Russians' real income decreased by 5.8% in January-August 2016, while in August, the rate of its decline (8.3%) was the highest since 2008.

Russia’s Reserve Fund to be fully spent in 2017 — draft budget


http://tass.com/economy/906020?_ga=1.105950659.15676205.1469362849

Austin wrote:Why is trade surplus decreasing kvs , Have they increased import or exports are falling ?

The surplus of Russia's foreign trade fell by 48% in January-September

MOSCOW, Oct. 11 -. RIA Novosti / Prime trade surplus of the Russian Federation in January-September 2016 amounted to 63.1 billion compared to $ 118.2 billion a year earlier, according to the materials of the CBR.


Thus, the trade surplus declined in comparison with the same period last year by 48.1%, or 56.9 billion dollars.

Project Canada wrote:

Russia’s Reserve Fund to be fully spent in 2017 — draft budget


http://tass.com/economy/906020?_ga=1.105950659.15676205.1469362849

Project Canada wrote:

Bank of Russia asks population to limit consumption to support economy



Chairwoman of the Bank of Russia Elvira Nabiullina said that consumption in Russia should grow at a rate that would not lead to higher inflation.

The head of the Russian Central Bank said during Russia Calling Forum on October 12 that the growth of the consumption rate should not exceed the growth rate of the nominal income. According to Nabiullina, one needs to stimulate the savings of the population.

"One should have a right balance between consumption and savings. In this case, consumption will gradually recover, and we already see signs of this," said Nabiullina.

According to the head of the Central Bank, inflation in Russia remains very high, whereas one requires four percent or lower to be able to attract investment.

"The inflation rate of 6-7 percent was more or less normal in the mid-2000s, when Russia's economic growth was based on the ever-increasing oil prices as the driving force of the Russian economy. Today, economic needs are completely different, and this is obvious to everyone," she said.

Meanwhile, Russian citizens increased their spending in September of 2016 for the first time since 2014, Slon reports. In August, people's spending adjusted for inflation was lower than in 2012.

Russians' real income decreased by 5.8% in January-August 2016, while in August, the rate of its decline (8.3%) was the highest since 2008.