Russian deputy prime minister says no plans to raise pension age

Two Babushkas file photo

(Interfax – October 20, 2015) Deputy Prime Minister Olga Golodets has said that the Russian government is not yet planning to raise the pension age. “We are not planning this over the period of time we use for planning. No, we are not,” Golodets told journalists on Tuesday [20 October] when asked when the government was planning to resume discussions […]

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NEWSWATCH Interfax-Ukraine: Ukrainian shadow economy reaches 47% of GDP in Q1, 2015 – Economy Ministry.

Map of Ukraine, Including Crimea, and Neighbors, Including Russia

Interfax-Ukraine covers a report indicating a rise in Ukraine’s “shadow economy,” corresponding an overall drop in Ukrainian economic output. … the shadow economy in Ukraine in the first quarter … 2015 increased … 5 percentage points compared to the corresponding period in 2014, to 47% of official GDP, the Economic Development and Trade Ministry has reported …. * * * […]

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No agreement in Russian government over economic growth measures – deputy PM

Igor Shuvalov file photo

(Interfax – May 23, 2013) First Deputy Prime Minister Igor Shuvalov has said there will be no recession in Russia in 2013, Russian Interfax news agency reported on 23 May. “The will be no recession this year. This is my short answer,” Shuvalov said at a briefing on 23 May. He said that currently the economy was not in a […]

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Local-level corruption leads to high level of people employed in ‘grey economy’ – Kudrin

Hands Opening Envelope Containing Cash

MOSCOW. April 4 (Interfax) – High local-level corruption is the cause of millions of Russians working in the “grey economy”, mentioned by Russian Deputy Prime Minister Olga Golodets, Chairman of the Civil Initiatives Committee and former Finance Minister Alexei Kudrin said. “I’m sure that local authorities are aware of this business. These citizens (employed in the grey economy) are not […]

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