Rosstat changed estimations of GDP for Q3 2018. According to updated data, Russia's GDP for Q3 2018 amounted to 27007.2 billion rubles at current prices. Index of physical volume of GDP relative to Q3 2017 amounted to 101.5%, relative to Q2 2018 - 106.6%. GDP deflator for Q3 2018 in relation to Q3 2017 amounted to 111.1%.
In particular, air carriers made 811,353 domestic flights from January to December 2018.
MOSCOW, January 10. /TASS/. The air traffic intensity in Russia increased by 9.8% in 2018 and reached record-breaking 1.681 mln flights, the Russian aviation authority Rosaviatsiya says on Thursday.
MOSCOW, January 10. /TASS/. The air traffic intensity in Russia increased by 9.8% in 2018 and reached record-breaking 1.681 mln flights, the Russian aviation authority Rosaviatsiya says on Thursday.
In their June report, the World Bank analysts forecast the growth of Russian economy at 1.5% in 2018, same as in 2017.
The growth rate of the Russian economy increased in 2018, while inflation remained low, the World Bank said in a report released on Tuesday.
The growth rate of the Russian economy increased in 2018, while inflation remained low, the World Bank said in a report released on Tuesday.
Retailers were forbidden to return unsold goods with a shelf life of less than 30 days to suppliers. The corresponding document was signed by the President of Russia and published on the official portal of legal information.
The economy of the Russian Federation is quite resistant to the potential risks of further deterioration in the attitude of investors to the markets of developing countries, as well as sanctions risks, according to the information and analytical material of the Central Bank “Financial Stability Review”.
The main intrigue of the sales season, which started from the last “Black Friday”: will the shops be able to lure the millennials to themselves? The global consumer market is changing before our eyes – this conclusion follows from the review presented by the analytical company ISA on the eve of the sales season. Could it have been ten years ago to imagine that the digital leaders of Amazon and Alibaba would emerge as market leaders?
Foreign investors show great interest in investing in the Russian economy and are ready to increase their investments as soon as a new period of stability comes. This was announced on Wednesday on the sidelines of the Russia-ASEAN summit by the Minister of Economic Development Maxim Oreshkin.
This autumn, wholesale prices for sugar have sharply increased in Russia – one and a half times compared to the same period last year, it follows from the Ministry of Agriculture data. Confectioners have already expressed concern about the high cost of raw materials.
It is noted that in terms of “Taxation” of the Russian Federation may take the 30th position by 2024. In 2017, according to data the country ranks 52nd position by this indicator.
The Ministry of Economic Development is gradually improving its position by 2024, in particular on the Taxation and International Trade indicators, in the Doing Business rating (Doing Business), which is prepared annually by a division of the World Bank. This is stated in the list of measures developed by the Ministry of Economic Development to improve the business environment “Transformation of the business climate”.
Food prices may outpace inflation in Russia. Agricultural production in the first nine months of this year decreased by 3.3 percent compared to the same period last year, the Federal State Statistics Service reported. As a result, food prices may rise slightly faster than inflation, experts say.
Roskachestvo proposes to make change the GOST for beer and include the technology peculiarities that would distinguish it from a beer drink. The head of the organization Maxim Protasov addressed the proposal to the first vice-premier of Russia Anton Siluanov, RBC reports.
The Russian Federal Service for Surveillance on Consumer Rights Protection and Human Wellbeing (Rospotrebnadzor) revealed 6% of dairy products imported, which does not correspond to physical and chemical indicators.
The retail chain will sell inexpensive toys for the early development of children.
Detsky Mir opens a new chain of toys stores ABC that will presents an expanded range of goods at more affordable prices, the representative of retailer said. In ABC will be sold toys, construction-set elements, educational and creative games for children from 0 to 14 years. Buyers will be able to purchase toys from well-known foreign manufacturers such as LEGO, Hasbro and Mattel, and released under their own brand name ABC. The assortment totals about 1,500 items.
The retailer is looking for an exit strategy for the AV market. Azbuka Vkusa can suspend the development of AV Market stores that are operating in the format of a fresh market with cash services. The company has opened 2.5 times less stores than planned during last 4 years since the launch this concept of stores.
They will be opened mainly in shopping centre, so the retailer expects to attract more buyers there. Online retailer Ulmart launched a new type of outlets – order execution centre (OEC) of small format. The first object was opened in early May at the Okhta Mall shopping and entertainment centre in Saint Petersburg.
The retailer Auchan has decided to change the business model, expanding the range of products in the middle and premium segments. François Remy, the general director of Auchan Retail Russia, noted that earlier the retailer was positioned mainly as a discounter with an emphasis on cheap products.
The founder of DIY retailer “Starik Khottabych” and the former co-owner of DIY retailer OBI Igor Sosin announced that he launches a new format of food retail with a dining area named as “Food Café”. His business partner Alexander Kolobov, the owner of the restaurant group “Chocolatnitsa" mentioned about it to “Kommersant”.
In Q1 2018, X5 Retail Group increased the growth of retail revenue by 20.2% compared to the same period last year.
The retailer Billa continues to implement the strategy of active expansion. In April 2018 it was announced that Billa is going to buy the chain of grocery stores named “Ya Lubimiy”.
The market of retail real estate market is gradually being restored both in Moscow and in large cities of Russia. This is due to a decrease in vacancy rates in SC / SECs, an increase in the disposable income, an increase in demand for long-term storage goods. The new retail operators are again interested in the Russian market.
The period was characterized by a modest growth in retail revenue and turnover, the contribution of the consumer sector to GDP growth was the highest in comparison with other sectors. Despite the recovery of the consumption sector, it is not currently in a sufficiently strong position so as to drive the Russian economy forward.
