Select your city:
Moscow

VTB Bank call center

+7 (800) 200-77-99
+7 (495) 739-77-99
For general information and enquiries

Tags's search

Russia

  • 14
    SEP15
    Macro week ahead – IP and main data package for August in Russia to illustrate immediate effects of RUB weakness on the economy

    The most important statistical release this week is on Thursday, when Rosstat publishes its main data package for August, detailing retail sales, unemployment, real wages and other key data. However, before then we also have the industrial production report on Tuesday. The political agenda for the current week is rather tight, with President Vladimir Putin scheduled to meet with the presidents of Tajikistan (14-15 September), Kazakhstan (16 September) and Belarus (18 September). The opening of the...

  • 9
    SEP15
    RUSSIA - Car and LCV sales

    Russian car and LCV sales fell 19% YoY to 138,670 units in August (after declining 27% in July and 30% in June), which resulted in YTD sales of 1,051,851 units, down 34% YoY, according to AEB. The rate of decline in Russian car and LCV sales continued ...

  • 7
    SEP15
    Russian food retail

    ... the second reading and further discussions on the complete elimination of retro bonuses, the length of the transition period for retailers, and a revision in the cap for the share of penetration on municipal markets (from 25% at present to 15%). In Russian food retail, the back margin is a significant part of gross profitability and the proposed amendments could have a material impact on the consolidated results of chains. Given the strong purchasing power of large players, we see those names avoiding ...

  • 26
    JUN15
    Foreign policy – Russian and US Presidents hold a phone call

    Overnight, Russian President Vladimir Putin and US President Barack Obama spoke on the phone. This was the first conversation between two leaders since 11 February, in the run-up to the Minsk ‘Normandy format’ heads of state meeting. According to comments from ...

  • 8
    JUN15
    Macro week ahead – May car sales, trade balance and budget data in Russia

    This week, Hungary and the Czech Republic are due to publish CPI numbers for May. Meanwhile, Rosstat is to post its regular CPI estimate on 10 June for the week ending 8 June. Otherwise, in Russia the AEB is to present May car sales data and the Ministry of Finance is to release budget execution numbers for last month, while the Customs service is due to provide statistics on external trade activity in the last spring month. In Russia, the ...

  • 1
    JUN15
    Macro week ahead – CPI and PMI for May in Russia

    In Russia, the CPI numbers for May are the top news to watch this week. We start the week with the PMI in manufacturing on Monday, then the regular CPI weekly report on Wednesday which is set to cover the whole of May. In CEMEEA, the top news is the MPC ...

  • 12
    MAY15
    Macro week ahead – 1Q15 GDP estimates in Russia and CEE3

    This week, the key news flow is the 1Q15 GDP in CEE3 and April CPI statistics in the Czech Republic and Poland. Making the news in Russia is Rosstat’s 1Q15 GDP estimate and the regular weekly CPI numbers. In addition, AEB is to present new car sales statistics and the Ministry of Finance releases its budget execution numbers for April. In our CEE3 countries, the spillover from ...

  • 28
    APR15
    Russia: more room for manoeuvre

    Since the CBR’s BoD meeting in March, data releases have provided additional evidence of stabilisation in depreciation expectations and the normalisation of the inflation run rate. First, the March CPI print demonstrated a sizable decline in sequential inflation, from 3.4% MoM SA in January 2015 to 1.4%. Furthermore, in April the run rate of inflation broke below the 0.2% WoW mark, signalling declining headline inflation driven by weakening demand. Second, the contraction in real wages reached -9...

  • 3
    APR15
    Russia: International reserves increase USD 7.9bn to USD 360.8bn as of 27 March

    According to Reuters, the CBR attributed its decent international reserves bounce to a favorable mark-to-market effect and a positive balance of FX flows with banks. Indeed, DXY weakened near 0.6% between 20 and 27 March (the reporting dates for international reserve data); however, this is too small to explain the increase in reserves on its own. Meanwhile, we highlight that the volume of the CBR’s FX repo had actually increased USD 935mn for the said period, but at the same time there was USD 4...

  • 20
    MAR15
    Russia Output & Demand – February

    This morning we published, Russia Output & Demand – February; recession deepens, disinflation to strengthen. We present extracts from the front page below. The recessionary dynamics deepened and broadened into February with domestic demand continuing to plummet while the supportive ...

  • 6
    MAR15
    Russian Oils – wholesale gasoline prices rose 8-15% over the last three weeks

    ... market premium for oil products (namely, gasoline) to move from zero to negative territory, it could make exports a more attractive alternative, unless domestic retail and wholesale prices for motor fuel rise. It is important to mention that gasoline in Russia is considered a socially important good. Therefore, retail gasoline prices do not move freely and reflect international price dynamics. We have said on a number of occasions that the tax manoeuvre, introduced on 1 January 2015, might have unpredictable ...

  • 24
    FEB15
    Credit watch – Moody's downgrades Russia to Ba1 – retains negative outlook

    Moody's announced late on Friday evening that it was downgrading Russia’s government bond and local currency ratings one notch to Ba1, from Baa3, and retaining the negative outlook. The rationale behind the downgrade was threefold: i) weakening expectations of Russia's economic strength and growth prospects; ii) ...

  • 27
    JAN15
    Credit watch: S&P downgrades Russia to 'BB+'

    S&P announced on Monday evening that it had lowered Russia's sovereign credit rating below investment grade (to BB+ from BBB-) and retained its negative outlook. The agency stressed reduced monetary policy flexibility and the weakening growth outlook as the main rationale behind the downgrade. S&P thus ...

  • 19
    JAN15
    Credit watch – Moody's downgrades Russia to 'Baa3'

    Moody's announced on Friday evening that it was downgrading Russia’s government bond rating to Baa3 from Baa2 and placing the rating on review for further downgrade. The agency pointed to the sharp declines in the oil price and the rouble and the consequent deterioration in the country's already subdued growth ...

  • 12
    JAN15
    Credit watch – Fitch downgrades Russia to 'BBB-' – retains negative outlook

    Fitch announced on Friday evening that it was downgrading the Russian Federation sovereign ratings to 'BBB-', from 'BBB', and retaining a negative outlook. The agency noted the sharp declines in the oil price and the rouble, chronic exchange rate volatility, a steep rise in interest rates, stress in the banking ...

  • 17
    NOV14
    Russian Economy Monthly November; financial crisis déjà vu

    This morning we have published Russian Economy Monthly November; financial crisis déjà vu. Excerpts from the front page are given below. Autumn did not bring respite for the Russian economy with the external environment refreshing memories of the ’08–09 crisis when the country ...

  • 29
    OCT14
    World Bank Doing Business 2015: Russia moves from 92nd to 62nd position

    The World Bank has released its 2015 Ease of Doing Business rankings. Compared to last year, Russia moved from 92nd position to 62nd, but most of the improvement comes on the back of changes to the ranking's methodology. Starting this year, the Doing Business report has extended its coverage to include the second largest business city in economies ...

VTB group news subscribe
  • E-mail subscribe
  • RSS lent
    Subscribe
    Subscribe
Select a city
Russia
Azerbaijan
Georgia
Armenia
Belarus
Ukraine
Kazakhstan
Serbia
Angola
China
India
Austria
Germany
France
A
B
V
G
D
E
Z
I
K
L
M
N
O
P
R
S
T
U
H
C
I
Y
K
B
B
G
K
M
O
P
R
T
A
B
V
G
D
E
I
K
M
N
R
S
T
C
E
B
V
H
K
M
N
O
P
S
B
V
D
Z
I
K
L
M
N
O
P
R
S
T
U
K
C
A
K
P
T
U
O
S
B
L
S
N
W
F
P