Economics News

According to the latest report by UNCTAD, in 2012 Russia remains the most attractive and prominent country in the CIS for international investor. Business Monitor International states that due to the calming political situation after the presidential elections in spring, higher oil prices and liberalization in domestic bond market from July, Russia should attract billions of dollars of foreign capitals inflow from the second half of the year. Bank of Russia shows a 37% year-on-year increase in the surplus to $42.3 billion during Q 1, 2012. Consumer price inflation in Russia in March was at record low of 3.7%. Real wage growth was 12.6%, up from 10.5% in January and 4% on average in 2011. The average inflation level for 2012 is expected to be around 6.4%.