SCO & BRICS latest news and insights
The World Bank (WB) has recently classified Russia as a high-income country. The document has been published on the WB website. In addition to Russia, Bulgaria and Palau have been included in this category.
According to World Bank criteria High-income countries are states where the gross income ind...
By Rhod Mackenzie
The latest statistics have shown a significant increase in the Russia's industrial sector. The mayor of Moscow, Sergei Sobyanin, has highlighted the impressive growth rates of industrial production in his region. Which industries are experiencing the most rapid expansion and why...
By Rhod Mackenzie
Russian President Vladimir Putin has stated that Russia will begin to produce everything it may lack due to Western sanctions. He made this announcement at a meeting with the heads of the world's leading news agencies in St. Petersburg.
"Yes, we may have to adjust our goals to...
The growth of industrial production in the Russian Federation in March 2024 amounted to 4.0% year-on-year after an increase of 8.5% in February and 4.6% in January, the Federal State Statistics Service (Rosstat) reported.
In the first quarter of 2024, industrial production in the Russian Federation...
By Rhod Mackenzie
On 27th April the Russian President Vladimir Putin held a meeting on economic issues.
Here are the highlights
“The data from the beginning of the year turned out to be higher than the forecasts of the government, the Bank of Russia and some experts. In January-February, Russia’...
By Rhod Mackenzie
China's GDP grew by 5.3% in Q1 2024, exceeding market expectations. This strong start sets a solid foundation for the economy to achieve its pre-set goal of 5% growth for the year.
Chinese analysts have stated that China remains one of the fastest growing major economies in the...
