http://www.rt.com/business/316264-russia-imports-drop-data/
![Russian Economy General News: #5 - Page 20 56027202c461888d668b45ad](https://cdn.rt.com/files/2015.09/original/56027202c461888d668b45ad.jpg)
sepheronx wrote:They need to decrease it even further and increase local consumption and production. They should outright stop buying chemicals and food from american allies.
PapaDragon wrote:sepheronx wrote:They need to decrease it even further and increase local consumption and production. They should outright stop buying chemicals and food from american allies.
All in due time, shock therapy never works, remember Yeltsin?
Slow and steady wins the race.![]()
US-Russia Cooperation in Syria May End EU Anti-Russian Sanctions
http://sputniknews.com/europe/20150923/1027405507/us-russia-cooperation-in-syria-may-end-eu-food-embargo.html#ixzz3mZTXSxrK
sepheronx wrote:Unemployment up 13% in August
http://tass.ru/en/economy/823160
A lot of playing with words but official average unemployment in Russia as of August is 5.3% which is quite low.
I also suppose if they do introduce the PMC law in coming months (if it does pass and it seems there are powerful people wanting it to), would bring down unemployment as well. Hopefully more import substitution will help too.
Werewolf wrote:sepheronx wrote:Unemployment up 13% in August
http://tass.ru/en/economy/823160
A lot of playing with words but official average unemployment in Russia as of August is 5.3% which is quite low.
I also suppose if they do introduce the PMC law in coming months (if it does pass and it seems there are powerful people wanting it to), would bring down unemployment as well. Hopefully more import substitution will help too.
PMC law?
Ruble fall causes wage parity between Russia and China
cheaper labor costs may induce companies to use Russia as a manufacturing base..
http://asia.rbth.com/news/2015/09/21/ruble_fall_causes_wage_parity_between_russia_and_china_49405.html
Project Canada wrote:
Ruble fall causes wage parity between Russia and China
cheaper labor costs may induce companies to use Russia as a manufacturing base..
http://asia.rbth.com/news/2015/09/21/ruble_fall_causes_wage_parity_between_russia_and_china_49405.html
Good news is more manufacturing operations and factories will be set up inside Russia![]()
Bad news is.. who would want to compete with China in terms of wages?
sepheronx wrote:Project Canada wrote:
Ruble fall causes wage parity between Russia and China
cheaper labor costs may induce companies to use Russia as a manufacturing base..
http://asia.rbth.com/news/2015/09/21/ruble_fall_causes_wage_parity_between_russia_and_china_49405.html
Good news is more manufacturing operations and factories will be set up inside Russia![]()
Bad news is.. who would want to compete with China in terms of wages?
Yes and no. Nominal terms, GDP per capital is closer to each other and GDP per capita in this terms will mean that it is getting far more expensive for Russia to produce goods in China. There is of course administrative costs and what not. So it will overall be cheaper to produce in Russia or at least much closer to similar costs. Only thing is though, is that China has a lot of infrastructure that is beneficial for people looking to produce somewhere without having to throw in the initial investment of building the proper facility.
But in terms of GDP per capita in PPP terms (which is important as it takes in consideration the value of goods and how far their currency within their own country takes them, and in this case, Russia is quite a bit farther ahead than China is.
Russia - 23292.91
China - 12608.87
China is in a steady incline while Russia had a decline all due to inflation causing a drop in average Russian's purchasing power.
These numbers though can be quite interesting, as Russia still has both provinces/states that are heavily underfunded and more or less costs the government more for upkeep than they gain, as well as other areas where people are indeed very very poor and has not seen investments since the 50's. China is also similar position too.
sepheronx wrote:Very good for bank of Finland.
Lets wait for actual, real figures, not predictions that rarely come true from a bank of a member of a union that has to rely on a printing press to have growth (whom is also quite anti Russian).
Maybe Bank of Finland should suggest quantitative easing for Russia like EU does just to sustain itself. Hah.
Kimppis wrote:sepheronx wrote:Very good for bank of Finland.
Lets wait for actual, real figures, not predictions that rarely come true from a bank of a member of a union that has to rely on a printing press to have growth (whom is also quite anti Russian).
Maybe Bank of Finland should suggest quantitative easing for Russia like EU does just to sustain itself. Hah.
Haha, expected reply.Although to be fair, that seems to quite similar to other estimates, including Russia's own, but maybe slightly more negative (like -2% next year).
sepheronx wrote:Share of Internet economy in Russia at 10% of GDP — watchdog
http://tass.ru/en/economy/823371
Apparently Russias economy is more diversified than what most thought.
kvs wrote:sepheronx wrote:Share of Internet economy in Russia at 10% of GDP — watchdog
http://tass.ru/en/economy/823371
Apparently Russias economy is more diversified than what most thought.
So it is basically almost as big as the whole oil and gas sector. That is quite impressive
and someone should let Obama and Hillary know.
kvs wrote:sepheronx wrote:Share of Internet economy in Russia at 10% of GDP — watchdog
http://tass.ru/en/economy/823371
Apparently Russias economy is more diversified than what most thought.
So it is basically almost as big as the whole oil and gas sector. That is quite impressive
and someone should let Obama and Hillary know.
I wish. It has this http://www.ulmart.ru it's quite good. But hottest thing this year was.... voentorg.ruVann7 wrote:
Does Russia have an Amazon like business that sell Russian products and deliver it at people
homes?
NationalRus wrote:more important is what generates foreign revenue to the budged of RF, things like construction is important for devolopment its infrastructure after all but its "inland" money, its partly like putting 100€ from your left pocket in to your right pocket, but you need somebody "else" to give you 100€ to put it in your pocket
its more important what we "export" and "how much of what" and exporting is not only industry, IT sector which exports digital IT products is also exporting of if the construction sector exports construction by building things in other countrys making a profit on it and bringing with that the foreign "fresh" money back home that is true GDP "growth" that new fresh money added to your inland capital from somebody else
and we "mostly" export oil and gas... and i said mostly not "only" so don't come at me with "but look we have something here and here and a littel here"
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