In the plenary session of the 26th St Petersburg International Economic Forum Russian President Vladimir Putin told that the country is indexing minimum wage above the inflation rate, making sure that the gap separating it from the subsistence rate keeps growing. (more…)
Tag Archives: inflation rate
Russian President Vladimir Putin started his large press conference at midday, December 20th. The conference brought together more than 1,200 Russian and foreign journalists.
The head of state started with statistics. According to him, the growth of GDP in January-October of this year made up 3.7 percent. According to Vladimir Putin, this is a good result. Recession in the world economy (and in particular in the euro area) became an obstacle for reaching better results, as well as a poor harvest in Russia. Last year, more than 90 million tons of grain were collected. This year, the harvest has dropped to 74 million tons. (more…)