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Moody's expects an upsurge in the earnings of Russian steelmakers on the back of the country’s economic uplift. "Recovering demand for steel in Russia on the back of GDP growth and declining mortgage rates will buoy steelmakers' earnings in 2018-2019," the raging agency said in a report "Steel - Russia: Domestic demand supports earnings, but trade barriers and sanctions pose risks" released on Thursday....

Digitalization, measures to spur economic innovations and development of human capital will become the main issues up for discussion during the first day of the St. Petersburg International Economic Forum. Members of Russia’s new government, appointed on May 18, will answer questions from representatives of the international business community. This year’s forum is expected to gather about 15,000 participants representing 70 countries. Meeting with investors The participants of the forum...

Russia’s fedral budget may get a surplus of 0.45% of GDP this year instead of previously expected deficit of 1.3% of GDP, according to this year’s amended draft federal budget for 2018. The 2018 budget surplus may amount to 440.6 billion rubles, instead of previously expected deficit of 1.27 trillion ...

... 1.5% in 2017, the European Commission (EC) reports on Thursday in the annual spring economic outlook. "Going forward, the impact of higher oil prices recirculating throughout the economy is likely to further support domestic demand and thereby GDP which is expected to grow by 1.7% in 2018," the document says. The growth rate may decline to 1.6% of GDP by 2019, reflecting lingering effects of Western sanctions, the European Commission says. "Improved confidence, contained inflation ...

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