Net capital outflow from Russia since the beginning of the year has approached $48 billion.
The bill on a simplified procedure for issuing residence permits (residence permits) in the Russian Federation (the so-called “golden visas”) to foreign investors has been approved by the authorities concerned, and the procedure for its adoption will be launched in the near future.
Inflation in Russia in December 2020, according to preliminary data, accelerated to 0.8% and amounted to 4.9% at the end of the year.
According to experts, growth this year will be moderate, and in 2022 it will be up to 3%.
Russia's extremely conservative spending in 2021 will hamper economic recovery from the pandemic.
The fall in Russia's GDP in Q3 2020 was not 3.6%, but 3.4%. Rosstat improved its assessment of the
state of the economy after clarifying the reporting of enterprises and the assessment of the banking
sector from the Bank of Russia.
The most popular investment instruments for Russian citizens are savings accounts in banks, foreign
currency, real estate, life insurance and cryptocurrencies.
The real disposable income of Russians in the third quarter fell by almost 5% after a record drop of
8.4% in the second, Rosstat reported.
In September 2020, the monthly increase in consumer prices (as estimated seasonally adjusted) decreased to 0.25% compared to 0.38% in August, according to the next release of the information and analytical commentary “Dynamics of consumer prices”.
Consumer demand in the first seven months of 2020 in Russia decreased due to the coronavirus pandemic by an average of 6.7% relative to the result of January-July 2019.
Net capital outflow in January-August 2020 increased 1.7 times compared to the data for the same period last year – from $20 billion to $34.8 billion.
The international rating agency S&P has approved a long-term rating of Russia for liabilities in foreign currency at BBB- with a stable outlook.
The unemployment rate in Russian regions at the end of Q2 2020 increased by an average of 30% compared to the same period last year, writes Kommersant, citing Rosstat.
The share of unprofitable organizations in the Russian Federation in January-May 2020 increased by 3.8 pp compared to the same period last year and amounted to 36%, Rosstat reports.
Inflation in Russia in the period from June 30 to July 6 jumped to 0.3% after zero value reached a week earlier, according to Rosstat data.
Rosstat published the full structure of all consumer income and expenses for Q2 2020.
The costs of manufacturers are growing, but the business does not always have the opportunity to shift them to consumers.
The Bank of Russia announced a key rate cut by one percentage point at once – up to 4.5%. This is a historical minimum, follows from the data of the regulator.
The collapse of the retail trade of the Russian Federation turned out to be worse than forecasts and the fall in consumer demand in a similar situation in China or the United States.
Russian investors faced a great risk of investing in domestic development projects, as they can become drowned investments.
