The turnover of the entire FMCG goods online trading market almost doubled over the year – up to 27.7 billion rubles.
The Russian economy has returned to the regime of outflow of private capital, follows from preliminary statistics of the Central Bank on the balance of payments for October 2019.
In Russia, there is an increased demand for tours for the New Year and Christmas period, and in some locations reaches 17-50% in annual terms.
In 2019, inflation in Russia will be closer to 3%, the government and the Bank of Russia need to coordinate their efforts to support aggregate demand corresponding to inflation target of 4%
The Bank of Russia expects population income growth.
Annual inflation in October fell to 3.8%, according to Rosstat. Over the month, consumer prices rose 0.1% after falling in August and September.
The Central Bank may take the next step in December. On October 25, the Board of Directors of the Central Bank lowered its key rate by 50 basis points (bp), it became 6.5%, and at the same time lowered its inflation forecast at the end of the year from 4-4.5% to 3.2-3.7%.
Experts discuss interest in the expensive Icelandic direction in the Russian market amid a marked decrease in tourist flow from other countries.
Despite the increase in the tourist flow of Russians to Finland, Russians began to spend less money in a neighboring country.
Slowing consumer demand will create inflation risk below the baseline forecast, the Ministry of Economic Development warns. The growth of Russian debt on loans may begin to slow down consumer demand by the end of the year.
Russia has raised three lines in the new World Bank Group Doing Business ranking. Our country first made its way into the top 30, rising from 31st to 28th place, among 190 countries. The rating assesses the conditions for doing business in the country.
In 2018, consumption of sweets in Russia broke the record of the previous year for all key indicators – consumption, production, sales, and export.
The main source of growth of the Russian economy in the second quarter of 2019 was consumer demand, estimates the Central Bank of the Russian Federation in the information and analytical commentary “Economics”.
The Ministry of Economic Development lowered the forecast for inflation in the Russian Federation for 2020 to 3% from 3.8%, keeping the forecast for 2021-2024 at 4%, the Minister for Economic Development of the Russian Federation Maxim Oreshkin told reporters, presenting an updated forecast for the Ministry for 2020-2024 and Updated forecast for 2019.
The volume of investments in fixed assets in Moscow in H1 2019 increased by 19.5% YoY and amounted to 946 billion rubles, according to a press release from the Complex of Economic Policy and Property & Land Relations of the Moscow Government.
The annual inflation forecast for 2019, according to the Ministry of Economic Development, is about 4.3%. According to July 15, annual inflation in the Russian Federation fell to 4.5%, according to the report of the Ministry of Economic Development “Picture of business activity. July 2019”.
On August 6, 2014, Russian President Vladimir Putin signed a decree banning or restricting the import of agricultural products, raw materials, and food from states that introduced economic sanctions against some Russian Federation residents.
Foreign direct investment in Russian companies in January-June 2019 increased to $11.6 billion from $8.4 billion for the same period last year, the Central Bank of Russia estimates the balance of payments of the Russian Federation for the second quarter of 2019.
Sales of cereals and breakfast cereals, juices and even chips with the designations “natural” at times exceeded the average in these categories.
