(Kremlin.ru – The Kremlin, Moscow – June 13, 2013) Vladimir Putin announced the signing of the 2014-2016 Budget Policy Address at a meeting with members of the Government Cabinet, heads of both houses of the Federal Assembly and the Presidential Executive Office. The address outlines the basic budget policy objectives over the next three years. The Government will use the […]
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(Interfax – MOSCOW, June 13, 2013) Russia runs the risk of a recession, but there are opportunities to avoid it, Economic Development Minister Andrei Belousov said at a Thursday press conference in Moscow dedicated to the upcoming St. Petersburg International Economic Forum (SPIEF). “The risk of a recession does exist, but we aren’t in a state of recession, and we […]
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(Moscow Times – themoscowtimes.com – Alexander Panin – June 14, 2013) In the coming years, the government will get less revenue than was expected before, and the budget policy for 2014-2016 has to be planned accordingly, President Vladimir Putin said on Thursday while presenting the budget policy to senior government officials and lawmakers. Putin also said that while revenues from […]
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(Moscow Times – themoscowtimes.com – Alexander Bratersky – June 13, 2013) Self-exiled economist Sergei Guriev met with the Deputy Prime Minister Arkady Dvorkovich on Wednesday in Paris his first informal get together with a senior Russian official since he left the country last month, fearing pressure from law enforcement agencies. Guriev, who headed the liberal New Economic School until […]
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(Interfax – MOSCOW, June 12, 2013) Amid growing competition in the world in all fields, from art to the defense industry, Russian researchers and scientists should not expect stress-free work, Russian President Vladimir Putin said at a ceremony of presenting state awards at the Kremlin on Wednesday. “I will venture to follow up on what today’s laureates have said here […]
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(Bloomberg – bloomberg.com – Evgenia Pismennaya – June 12, 2013) Vladimir Putin is handing the keys of his central bank to a poetry-loving Francophile who pays homage to the victims of Russia’s totalitarian past. The first woman to head a Group of Eight central bank, Elvira Nabiullina’s appointment surprised even herself, according to four colleagues who asked not to be […]
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(Interfax – MOSCOW, June 11, 2013) The range of issues being considered by the G20 has gotten too broad and the Seoul agreements to recapitalize and redistribute quotas in the International Monetary Fund are not being carried out, but the group of 20 major economies has managed to resolve the problem of bailing out too-big-to-fail banks with taxpayer money, Russian […]
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(Russia Beyond the Headlines – rbth.ru – Viktor Kuzmin, special to RBTH – June 12, 2013) The Russian economy now has an opportunity to harness the unique heritage of the communist empire with modern ideas and solutions. In contrast to southern Europe, Russia has long learned to live within its means, making it better equipped to cope with the economic […]
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(Interfax – MOSCOW, June 11, 2013) Around 13,000 people convicted of business-related crimes could be amnestied, Representative of the Russian Presidential Commission for Entrepreneur’s Rights, Andrei Nazarov, said during the discussion in the Civic Chamber. “Those 110,000 people about whom everyone is talking – this is the total number of people convicted for economic crimes. The expected amnesty could be […]
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(Interfax – MOSCOW, June 11, 2013) Russian President Vladimir Putin says he expects the government to take extra measures to stimulate the national economy in the near future, but Russia is not going to start a currency emission process. “I hope the Russian government, after our numerous meetings, will propose extra steps to stimulate economic development,” Putin said while taking […]
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(Interfax – MOSCOW, June 11, 2013) The New Economic School (NES) has never helped opposition politicians, former NES head Sergei Guriyev said in an interview with Vedomosti newspaper, published on Tuesday. “The New Economic School has never supported (opposition activist Alexei) Navalny or other opposition politicians. I supported Navalny from personal funds only,” Guriyev said. Guriyev, who gave expert opinion […]
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(Interfax – PARIS. June 11, 2013) Russian Deputy Prime Minister Arkady Dvorkovich plans to meet with former head of the Moscow-based New Economic School Sergei Guriev in Paris on Wednesday. Guriev recently announced that he did not plan to return to Russia from France, where he was on vacation. “I have known Sergei for a long time, we are friends, […]
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(RIA Novosti – MOSCOW, June 12, 2013) It is difficult for Russians to name the country’s achievements and events in the country’s life in the past decades that they take pride in, an opinion poll showed. Most often, respondents asked by the All-Russian Center for the Study of Public Opinion (VTsIOM) to mention events over the past 10-15 years that […]
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(Interfax – June 11, 2013) Former head of the New Economic School (NES) Sergei Guriyev said that the reasons due to which he left Russia were personal and he did not intend to get the political refugee status in France. “I am not a political emigrant. I simply do not want to live in Russia. I repeat once again: [Russian […]
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(Kremlin.ru – June 10, 2013) The Kremlin, Moscow Vladimir Putin held a meeting on measures to improve business and investment activeness in Russia. Taking part in the meeting were Prime Minister Dmitry Medvedev, Chief of Staff of the Presidential Executive Office Sergei Ivanov, First Deputy Prime Minister Igor Shuvalov, Deputy Prime Minister Olga Golodets, Presidential Aide Elvira Nabiullina, Presidential Aide […]
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(RIA Novosti -MOSCOW, June 10, 2013) Eurozone recession is lingering and Europe’s unemployment rate is rising amid a slow global economic recovery, Russia’s Economic Development Ministry said in a monitoring report on Monday. Russian Deputy Economic Development Minister Andrei Klepach said in late May that recession could hit Russia only if recession developed in the global economy and negative […]
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(RIA Novosti – Moscow, June 10, 2013) Russian President Vladimir Putin has named promoting partnership with CIS countries, enhancing Eurasian integration in the framework of the Customs Union and Single Economic Space, and creating the Eurasian Economic Union by 2015 as most important priorities of Russia’s foreign policy. At a meeting on federal executive bodies’ action plans to achieve Russian […]
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(Moscow TImes – themoscowtimes.com – June 10, 2013) President Vladimir Putin has signed a decree allowing foreign banks and international organizations to check foreign property belonging to election candidates running for positions in state bodies, a news report said Monday. The new law will affect all federal and regional elected officials including the president, State Duma deputies, governors and heads […]
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(Moscow Times – themoscowtimes.com – Rajeev Sharma – June 10, 2013) Russia’s stunted growth in the private sector in May was due to the extended holidays, while India led the pack of BRIC peers for economic growth, a report said. While noting that the economic growth in emerging market economies remained sluggish overall last month, the HSBC composite index, which […]
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(Interfax – June 6, 2013) The influx of migrants in Russia is becoming alarming, head of the Federal Migration Service Konstantin Romodanovskiy has said, as quoted by Interfax news agency on 6 June. “For the last four years, we have recorded a significant increase in the number of immigrants to Russia. It was especially high in 2012 and 2013. Certainly, […]
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(Russia Beyond the Headlines – rbth.ru – Yulia Ponomareva, RBTH – June 10, 2013) Within the space of one week, two prominent representatives of the Russian intelligentsia, known for openly voicing their disagreement with the authorities, have announced their political exile. In early June, former world chess champion and opposition leader Garry Kasparov stated at a press conference in Geneva […]
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(Window on Eurasia – Paul Goble – Staunton, June 7, 2013) Twenty-two percent of Russians say they would like to move to a foreign country to live and work, up from only 13 percent in 2009, and an indication that the deteriorating political situation in Russia is forcing not only high profile figures like Gari Kasparov but many others as […]
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(Interfax – June 6, 2013) The share of Russian citizens who would like to emigrate has risen to 22 per cent, up from 13 per cent in 2009, private-owned Russian news agency Interfax reported on 6 June, quoting the latest Levada Centre opinion poll. Among students, the figure reaches 45 per cent. The poll was conducted on 23-27 May among […]
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(RIA Novosti – MOSCOW, June 7, 2013) Russian President Vladimir Putin said Friday that he was not satisfied with the quality and contents of plans compiled by Russian ministers to show what they intend to do within the next five years in order to fulfill the tasks set by the president in May 2012. On May 7, 2012, the […]
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(Moscow Times – themoscowtimes.com – Alexander Bratersky – June 4, 2013 – photo here: http://www.themoscowtimes.com/business/article/bloggers-claim-photos-show-yakunin-mansion/480966.html) Bloggers have published pictures of a luxury mansion, believed to be owned by Vladimir Yakunin, the head of Russian Railways and powerful member of President Vladimir Putin’s inner circle. The three-story marble-clad mansion, occupying 70 hectares of land near the Moscow suburb of Domodedovo, was […]
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(Howard Amos, RIA Novosti, MOSCOW, June 6, 2013) When investigators summoned prominent Russian economist Sergei Guriev for questioning in February, his first thought was that his professional work could be paralyzed if they confiscated his computers and documents. “With other experts, they took everything away so they could not function,” Guriev told RIA Novosti by telephone from Paris, where […]
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(Moscow News – themoscownews.com – Natalia Antonova – June 3, 2013) The departure of Sergei Guriev is ultimately an illustration of what happens when powerful institutions steadily lean toward the irrational. To recap, Guriev is an economist who co-authored a report that criticized the treatment of imprisoned tycoon Mikhail Khodorkovsky. When Prime Minister Dmitry Medvedev was president in 2008-2012, Guriev […]
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(Russia Beyond the Headlines – rbth.ru – Marina Obrazkova, special to RBTH – June 5, 2013) With GMO products paving their way into Russia, people become concerned with the trend. While some support GMO products, others express their doubts. Russia is gradually starting to fulfil its obligations as a member of the World Trade Organization (WTO). One of these obligations […]
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(RIA Novosti – MOSCOW, June 4, 2103) Russians are now happier than ever with their lives, according to a new poll released on Tuesday by the state-run public-opinion researcher, VTsIOM. The index of the population’s social optimism has risen sharply from 67 in early spring to 74, a record high since the poll was started in 2005, beating the […]
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(Interfax – June 3, 2013) In the past four years Russians have taken a more negative view of the conditions for the development of private enterprise in their city, town or village, Interfax news agency quoted VTsIOM pollster as saying on 3 June. While in 2009 the situation was regarded as bad by 44 per cent of the people polled, […]
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(Bloomberg – bloomberg.com – Scott Rose -June 5, 2013) Russia’s central bank faces a “very difficult choice” when it meets next week to review interest rates as conflicting economic data undermine the case for monetary stimulus, outgoing Chairman Sergey Ignatiev said. “The decision won’t be simple because the situation in the economy isn’t that simple,” Ignatiev, who steps down as […]
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(RIA Novosti -ST. PETERSBURG, June 5, 2013) Russian capital flight remains rampant, with no signs of slowing down, Central Bank chief Sergei Ignatyev said on Wednesday. “Unfortunately, capital outflow remains very high, I dare say. No fall in this trend can be seen,” Ignatyev said. He made headlines in February when he claimed a small group of well-connected individuals […]
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(Russia Beyond the Headlines – rbth.ru – Viktor Kuzmin, RBTH – June 3, 2013) Vladimir Putin has rejected a “draft” of the parliamentary bill on amnesty for economic offenses. Authorities fear that genuine crooks and thieves might get out of jail under the pretext of improving the investment climate. When he reassumed the role of president one year ago, one […]
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(Interfax – MOSCOW, June 3, 2013) Experts at the Audit Chamber and economists it recruited who work at government, corporate and research institutions are questioning the Russian government’s social and economic scenarios and forecasts for 2014-2016. The social and economic development forecast that the government considered on May 16 was discussed on May 29 at a meeting at the Audit […]
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(Moscow Times – themoscowtimes.com – Chloe Schmitt – June 3, 2013) New Moscow Population: 250,000 residents in the added territory Main industries: In the past, the city of Troitsk was well known for its textile industry. But today there are no major industries in new Moscow. One of the major businesses today is real estate, with the construction of many […]
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(Interfax – MOSCOW, May 31, 2013) Russian Economic Development Minister Andrei Belousov is dismayed by prominent Russian economist Sergei Guriev’s decision to resign as head of the New Economic School (NES) and not return to Russia from abroad for the time being. “This is very disappointing for me. I’ve known Sergei for a very long time. We have had significant […]
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(Russia Beyond the Headlines – rbth.ru – Tim Wall, RBTH – June 3, 2013) Sergei Guriev received the most votes after the bank said it was ‘too late’ to take his name off the list of candidates. Sergei Guriyev, a top economist who fled Russia after being questioned by investigators over a critical report he co-authored on the 2010 trial […]
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(Business New Europe – bne.eu – Julia Reed in Moscow – June 3, 2013) Much has been said about the miserable plight of Russian orphans, especially following the recent ban on all American adoption in Russia in retribution for Congress’ so-called “Magnitsky Act”, which penalizes some Russian officials on human rights grounds. After decades of inaction, suddenly the issue has […]
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(RIA Novosti – Fyodor Lukyanov – May 30, 2013 – Fyodor Lukyanov is Editor-in-Chief of the Russia in Global Affairs journal, an authoritative source of expertise on Russian foreign policy and global developments) Astana recently hosted a Customs Union summit. The integration project is taking shape on the fly, so each summit evokes a great deal of interest. What if […]
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(RIA Novosti – MOSCOW, May 30, 2013) Russia has climbed six positions to 42nd place in the 2013 World Competitiveness Rankings published by the Institute of Management Development (IMD) on Thursday. The IMD World Competitiveness Yearbook published annually by the IMD, a top-ranked global business school based in Switzerland, covers 60 countries and compares their competitiveness based on such key […]
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(Interfax – MOSCOW, May 28, 2013) Russian financial market experts differed in their assessments of the impact of the situation surrounding Sergei Guriev, the rector of the New Economic School, which came to light on Tuesday evening. They agreed that the episode could negatively affect Russia’s investment appeal, but did not think it signaled a shift in the fundamental investment […]
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(Interfax – MOSCOW, May 29, 2013) Minister for Open Government Mikhail Abyzov expects to continue cooperating with economist Sergei Guriev who reportedly resigned from the post of rector of the New Economic School. “I am confident that our cooperation with Sergei Guriev will continue despite the decision, whether he formally remains a member of the expert council and government commission […]
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(Moscow Times – themoscowtimes.com – May 31, 2013) The abrupt flight from Russia of liberal economist Sergei Guriev after he was interrogated in connection with the case against tycoon Mikhail Khodorkovsky has rekindled suspicions that a new criminal case could be opened against Khodorkovsky and his business partner Platon Lebedev, who are set to be freed next year. Lawyers for […]
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(Moscow Times – themoscowtimes.com – May 31, 2013 – Michael Bohm) Michael Bohm is opinion page editor of The Moscow Times and author of “The Russian Specific: An Analysis of the Russian Work Ethic” (A. Golod, 2007). Any discussion about the Russian work ethic inevitably ends up focusing on the Soviet Union, which did more than any other period in […]
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(Moscow Times – themoscowtimes.com – Jonathan Earle – May 31, 2013) Reports that prominent, liberal economist Sergei Guriev has fled to France under pressure from investigators appeared to send shockwaves through Russia’s Western-leaning elite this week, renewing fears of a brain drain amid an “invisible” wave of emigration. The departure of Guriev, a prominent economist who has advised Prime Minister […]
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(Moscow Times – themoscowtimes.com – Alexander Bratersky – May 30, 2013) A minister said Wednesday that Prime Minister Dmitry Medvedev’s Open Government would continue to work with prominent liberal economist Sergei Guriyev despite media reports that he resigned as head of a major college and left the country under pressure from authorities. Mikhail Abyzov, the Open Government liaison holding the […]
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(Business New Europe – bne.eu – May 30, 2013) Russian President Vladimir Putin’s anti-corruption drive that escalated last November with the dismissal of the defence minister is starting to take on the appearance of a classic 1930s-style Stalinist purge. The latest victim is Sergei Guriev, Russia’s top liberal economist and a close associate of Prime Minister Dmitry Medvedev, who fled […]
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(Interfax – MOSCOW, May 28, 2013) There will be no quality change in Russia-U.S. economic cooperation until businessmen of the two countries realize they really need each other, Russian Deputy Foreign Minister Sergei Ryabkov said. “Sure, last year’s trade turnover of $32 billion is ridiculous not only considering the scope of the U.S. and, also, Russian economy but also considering […]
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(Moscow Times – themoscowtimes.com – Alexander Panin – May 29, 2013) Though Russia has funds to finance infrastructure, it lacks project management experience to develop such projects and needs to borrow it from abroad, German Gref, the head of Sberbank, said at a business lunch for investors held by the Transportation Ministry on Tuesday. The total cost of all tenders […]
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(Interfax – May 29, 2013) Russian Economic Development Deputy Minister Sergei Belyakov, who supervises public-private partnership issues and liaison with business, has opposed the idea to amnesty businessmen convicted on economic counts. “I will never support this idea, never in my life,” Belyakov told reporters in Moscow on Wednesday. “Punishment for a deed does not depend on the personality of […]
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