What do Russians Need and What They Have
Elena M. Avraamova – Head of Department of Research for Social Development of the Russian Presidential Academy of National Economy and Public Administration, Doctor of Economic Sciences, Professor (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Socioeconomic development depends on different social groups having access to the so called «development resources». Research conducted by our experts shows that Russians’ most scarce resources are education and high salary.
Key words: socio-economic development, resources for development, population groups, social capital, education, employment, remuneration.
Value of the Company as an Object of Management and Increase of Competitiveness of Russian Energy Corporations
Leonid V. Kalimullin – Head of Strategic Development, RusHydro, PhD in economics (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Ekaterina S. Tuzikova – Head of Investment Analysis, RusHydro, CFA (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
The challenges faced by Russian electric power companies require a systematic implementation of a cost – based approach to management, ensuring focus of management processes and decisions to maximize their value. Comprehensive value management system has following key features: main strategic documents of the company include measures promoting intrinsic value growth, medium-term documents include activities that increase the future positive cash flow, communications and corporate governance quality increase is featured as a priority, system of key performance indicators and motivation of the company’s management is attached to company value indicators.
Key words: value management, market capitalization, company value, intrinsic value, energy companies, utilities.
Informal Youth Employment
Tatyana L. Klyachko – Director of Center of the Economics for Continuing Education of the Russian Presidential Academy of National Economy and Public Administration, Doctor of Economic Sciences, Professor (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Elena A. Semionova – Leading Researcher of the Russian Presidential Academy of National Economy and Public Administration, Candidate of Economic Sciences (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
In Russia as well as in the world there is a problem of informal employment including among young people. The Center for Economics of Continues Education under RANEPA conducts annual monitoring of the young people employment in Russian regions. The article provides the findings of the study of informal employment of young girls and boys in the subjects of the Russian Federation differentiated by the criteria of socio-economic development as well as the view of the young people unofficially employed on the informal employment, its causes and feasible consequences.
Key words: monitoring, youth employment, informal job.
Industrial Production Dynamics in H1 2019
Andrey S. Kaukin – Head of Department for System Analysis of Sectoral Markets of the Russian Presidential Academy of National Economy and Public Administration; Head of Sectoral Markets and Infrastructure Department of the Gaidar Institute, Candidate of Economic Sciences (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Eugenia M. Miller – Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
In Q2 2019, the extractive industry and production of electric energy, gas and water continued to display a near-zero growth pattern. The manufacturing sectors, after demonstrating some growth at year beginning, likewise demonstrated zero growth by the period-end results for Q2. The aggregate output index for industry points, overall, to a slow growth.
Key words: industry, economic sectors, mining industry and manufacturing, Rosstat.
Causes of Workforce Decline
Victor Yu. Lyashok – Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
In 2019, the rate of decline in the workforce soared: in Q1, it shrank by nearly 0.8m on the corresponding quarter of the previous year, while over the entire year 2018, that index had declined by only 0.1m. As a result, the number of individuals involved in economic activities (without taking into account the Republic of Crimea and the city of Sevastopol) returned to its 2005 level.
Key words: number of work force, labor market, population’s age, working age.
Special Economic Zones: the Procedure for the Implementation of Activities and the Provision of Measures of State Support
Xeniya V. Zaykova – Postgraduate Student of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia) E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
This article analyzes the current problems of the government systems of territories with special conditions of entrepreneurial activity at the present stage and examines the experience of the existence and functioning of special economic zones in the Russian Federation characterized by diversity and ambiguity. The author’s position takes into account that the existing performance evaluations in the activities of special economic zones are very diverse, and sometimes diametrically opposite.
Sharing the point of view of the basic idea of modernizing this tool, which is to create special economic zones and a single mechanism for the development of territories, which should include not only tax breaks, but also include expanding the powers of regional authorities, which will make it easier for potential investors to understand the conditions of support, as well as to ensure the reduction of time, not only the implementation of the project, but also its return to payback.
The most important element in the formation of special economic zones is the provision of state support measures, which are actions of state authorities of the Russian Federation, state authorities of constituent entities of the Russian Federation, and local governments of a legal, economic, financial and organizational nature in order to support the activities of residents of special economic zones.
Key words: exceptional economic zones, special economic zones, the activities of residents (investors) of special economic zones, government support measures.
Fertility Changes in Russian Regions in 2018: Key Tendencies
Konstantin I. Kazenin – Director of Center for Regional Studies and Urbanistic of the Russian Presidential Academy of National Economy and Public Administration, Candidate of Philological Sciences (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Aleksey I. Raksha – Advisor at the Section for Demographic Statistics of the Department for Statistics of Population and Medical Statistic, Federal Agency for State Statistics (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
The paper deals with fertility in regions of Russia in 2018. The tendency common for Russian regions in that year was a decrease of fertility of 1st and 2nd children with a rise of fertility of 3rd and subsequent children. Fertility of 3rd and subsequent children was higher in regions with low level of incomes and employment. However, growth of this fertility parameter in the recent years was not concentrated in economically underdeveloped regions. Higher fertility in regions of the North Caucasus gets a separate treatment, which differs considerable from country-level patterns both in its level and age characteristics.
Key words: fertility, regions, Total Fertility Rate, employment, housing conditions.
New Aspects of the Type of Investment Structure in Fixed Capital
Olga B. Berezinskaya – Researcher of the Russian Presidential Academy of National Economy and Public Administration; Researcher of the Gaidar Institute (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Alexey L. Vedev – Head of the Center of Structural Research of the Russian Presidential Academy of National Economy and Public Administration; Leading Researcher of the Gaidar Institute, Doctor of Economic Sciences (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Recently, official comments regarding ongoing government economic policy changes from the dynamics and constraints for investment activity growth in the Russian economy to the national projects. It is envisaged that in the course of their implementation entrepreneurial initiative will attain new incentives, which will determine speeding up of the investment process in the economy. However, the analysis of the type of investment structure in fixed capital increases well-known skepticism regarding chosen strategy.
Key words: investment, investment in fixed capital, type of investment structure, national projects.
Taking Indicators of Elevated Risks into Account in Bank's Ratings
Pavel A. Krutitskii – Leading Researcher of the Keldysh Institute of Applied Mathematics, Russian Academy of Sciences, PhD in Mathematics and Physics, Associate Professor (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Number of large banks which lost licenses recently boasted of good ratings from international and domestic rating agencies which stood far from near default standing. The article discusses the features of increased risks which the rating agencies failed to see in those banks. These features point to the fact that their accountability can be not quite accurate and the experts’ task is to evaluate their real financial indicators along indirect data. As a proof for increased risks, banks are given statistics of defaults and examples of ‘fallen’ banks. It is proposed to take into consideration the features of increased risks while giving bank ratings.
Key words: bank’s ratings, indicators of enhanced riscs, default risks, authentic of banks reports, inverse problems.
Current Trends of Global Investment Movement and Positions of Russia in this Process
Alexander A. Pakhomov – Leading Researcher of the Russian Presidential Academy of National Economy and Public Administration, Doctor of Economic Sciences (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Kniaz M. Bagdasaryan – Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Against the background of stagnation in the global capital movement, the position of the Russian Federation in this process continues to weaken. This is primarily due to the economic instability in the country, unfavorable business climate, trade and political sanctions, as well as the lack of a clear state policy to attract foreign direct investment and outward capital from Russia in order to expand international cooperation.
Key words: foreign direct investment, Russia, UN Conference on trade and development (UNCTAD), global investment movement, repatriation of capital, reinvestment of income.
Survey of Current Business (May-August 2019)
Sergey P. Aukutsionek – Head of Center for Transition Economy Studies, Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences, Candidate of Economic Sciences (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Andrey S. Yegorov – Researcher of the Center for Transition Economy Studies, Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences, Candidate of Economic Sciences (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Inessa A. Bachirova – Senior Researcher of the Center for Transition Economy Studies, Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Stanislav V. Belyakov – Researcher of the Center for Transition Economy Studies, Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
In May 2019, the share of enterprises not intending to take new loans from banks in the next 3 months increased to the maximum in the last 20 years value and reached 66%. The diffusion index of wages demonstrated a noticeable decrease (by 16 points), and the diffusion index of employment lost 12 points. In 2019, the indicator of financial stability is pretty changeable: after growing by 25 points in April, the share of well-to-do enterprises in May decreased by 18 percentage points.
Key words: industry, industrial enterprises, price level, wages, employment, output, investment, indebtedness to banks, order-book level, stocks of finished products, capacity utilization rate, financial situation, production restrictive factors.
