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By January 2014 the Russian market recovered but its stock indices were still below the highest ones recorded shortly before the crisis in 2008. Unlike the crisis in 1997–1998 after which the market saw a V-shaped recovery, the dynamics of the RTS Index after 2008 showed a W-shaped trend, to...
Persistent link: https://www.econbiz.de/10011266342
Over 2013, the population’s real disposable income rose by 3.3%. The salary level in the budget-funded sphere was being raised at a high rate – which, however, proved to be insufficient to meet the targets set in the President of the Russian Federation's Executive Order of 7 May 2012, No....
Persistent link: https://www.econbiz.de/10011266343
The overall situation in the field of bankruptcy over the period under consideration was characterized by a considerable rise, in 2012, in the number of bankruptcies and the number of petitions in bankruptcy submitted to and accepted by arbitration courts. Compared to 2011, the number of...
Persistent link: https://www.econbiz.de/10011266344
In 2013 inflation exceeded the target range (5-6%) established for 2013 in accordance with the Guidelines for the Monetary Policy of the Bank of Russia for 2013-2015, having reached 6.5%. On average, between January and December 2013 the M2 money supply had grown by 15.3% and as of 1 January...
Persistent link: https://www.econbiz.de/10011266345
The global economic crisis impacted on the Russian economy in the following areas: (1) there was a sharp drop in prices and in foreign demand for the basic commodities that form the basis of export potential; (2) domestic demand decreased due to falling revenues for the economy and falling...
Persistent link: https://www.econbiz.de/10011266347
The core events which took place last year and which are related to the issues under consideration are the approval of a new three year privatisation programme for 2014–2016, including corporate control of market transactions associated with Rosneft and Gazprom, as well as the restructuring of...
Persistent link: https://www.econbiz.de/10011266348