In Q3 2021, there was a decline in the volume of mortgage lending for the first time since the outbreak of the pandemic, due to an increase in interest rates, as well as changes in the terms of preferential state-supported mortgage programs. In the near future, in the absence of significant...

Revenue receipts to the federal budget are above planned volumes both for the oil and gas and the non-oil and gas components. According to results for three quarters of 2021, federal budget revenues amounted to Rb 17.9 trillion, which is equivalent of 95.5% of the projected annual volume and...

In Q3 2021, the current account surplus of the RF balance of payments picked up considerably as compared to the same period of the previous year. It happened primarily owing to the appreciation of prices for primary products and increased export volumes thereof. At the same time, there was...

The economic recovery and the expected rise in interest rates are stimulating demand for corporate loans. The quality of the aggregate portfolio of corporate loans is improving: the average level of past-due debt is gradually decreasing; the level of profitability is moving up. At the same time,...

The profit of the banking sector for the three quarters of 2021 hit a record Rb 1.87 trillion. The rapid growth of lending to the population, reduction in the cost of reserve creation due to the low share of outstanding loans, the stock market growth and the development of intermediary...

The revision of the oil output baseline for the UAE made it possible to reach a compromise in the negotiations to extend the OPEC+ agreement. In return, the UAE supportedthe proposal to extend the current deal until the end of 2022, and to increase thetotal oil production by OPEC+ countries by...

At the beginning of this year, the growth rate of residential mortgage lending (RML) corresponded to the average level of 2020. The market situation is largely influenced by the reduction in interest rates caused by the implementation of state preferential mortgage programs. The rise in prices...

The effects on the pace of economic development of the 2020 crisis caused by the pandemic significantly differed across Russia’s regions. The trajectory of exit from the crisis in January-April 2021 displayed some dramatic territorial differences, which must be taken into account when...

The surveys conducted by the RANEPA’s Center for Lifelong Learning Economics have shown that parents and secondary school teachers alike believe that the pandemic has not significantly affected the school system’s performance in preparing students for their final exams. Nevertheless,...

In April 2020, due to the introduction of lockdown, consumer demand significantly dropped. A year later, in April 2021, when the epidemiological situation caused ever less concern, the consumption of goods and services increased, almost recovering to the pre-pandemic level: for example, the...