Category: Economics

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Tatyana Golikova spoke at a joint meeting of the State Duma committees.

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

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Deputy Prime Minister Tatyana Golikova spoke at a joint meeting of the State Duma committees in preparation for holding a government hour on the topic "On priorities in implementing the demographic policy of the Russian Federation." The meeting was also attended by Minister of Labor and Social Protection Anton Kotyakov, Minister of Finance Anton Siluanov, Minister of Culture Olga Lyubimova, representatives of the Ministry of Health and the Ministry of Construction and Housing and Utilities.

"Our absolute priority is to preserve the population. This is the main national goal, designated by the President of the country. And this is a national goal for many years. Because within this goal, the birth rate is, of course, the most difficult issue. And the birth rate is not a momentary decision. It is a person's motivation to start a family. And this is our hard and painstaking work. And I will start with the basics of state policy to support traditional spiritual and moral values. This is, in fact, the key issue. Fostering in society an attitude towards family, towards a child, towards parents, towards grandparents. Towards a multi-generational, dynastic family. And pride in the fact that this family exists," said Tatyana Golikova.

The Deputy Prime Minister emphasized that today, on average, a woman gives birth to her first child at the age of 26, and the average age of a woman at the birth of a child is 29.

"As our President says, the entire infrastructure should be built around the family. And this means that all our priorities, our national projects should work towards this idea," noted Tatyana Golikova. "What we are seeing today is a great commitment to urbanization. And this commitment to urbanization leads to the fact that individual settlements are left without people. We must create the appropriate infrastructure around. This settlement must live, so that it is interesting to live in it."

According to the Deputy Prime Minister, 80.4% of births today occur in cities. At the same time, by the end of 2024, the total fertility rate in Russia as a whole was 1.4, and in the village – 1.6.

In addition, on the eve of the government hour, Tatyana Golikova met with all factions of the State Duma – United Russia, the Communist Party of the Russian Federation, the Liberal Democratic Party of Russia, A Just Russia and New People. The meetings were also attended by the Minister of Labor and Social Protection Anton Kotyakov, the Minister of Health Mikhail Murashko, the Minister of Finance Anton Siluanov, representatives of the Ministry of Construction and Housing and Public Utilities and the Ministry of Culture.

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Dmitry Patrushev discussed export development with the leadership of industry unions.

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

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Deputy Prime Minister Dmitry Patrushev held a meeting dedicated to the development of Russian agricultural exports. It was attended by Minister of Agriculture Oksana Lut, the leadership of industry unions, and business representatives.

The Deputy Prime Minister stressed the importance of implementing the decree of the President of Russia on increasing the volume of export deliveries. The participants of the meeting discussed the dynamics of exports of agricultural products this year and the necessary measures to improve the efficiency of existing export support mechanisms.

Following the meeting, the heads of industry associations and unions will carry out the necessary work with each exporting company and will take special control over the achievement of planned export indicators for the current year. The Russian Ministry of Agriculture, in turn, has been instructed to take the necessary measures in a timely manner to ensure positive export dynamics.

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Over the year, the number of small and medium-sized companies has grown by 3%.

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

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According to the annual update of the Unified Register of Small and Medium-Sized Businesses, which is administered by the Federal Tax Service of Russia, the country has recorded an increase in companies and individual entrepreneurs. Currently, there are almost 6.4 million SMEs.

"Based on the results of the annual update of the Unified Register of Small and Medium-Sized Businesses in Russia, 6.4 million operating companies and individual entrepreneurs have been registered. This is the highest figure since 2017, when the register was launched. We are recording a stable positive trend: compared to the previous period, the number of SMEs has increased by 3.2%, or about 200 thousand. Such results confirm the high role of small and medium businesses in the country's economy and the effectiveness of the measures taken to support and develop them," said Deputy Prime Minister of the Russian Federation Alexander Novak.

The annual update of the Unified Register takes place on July 10 and reflects the most current number of SME entities. It is carried out on the basis of the reports submitted by entrepreneurs at the beginning of the year for the previous period. Companies and individual entrepreneurs that no longer meet the SME criteria or have not submitted the required reports within the established deadline are excluded from the register.

"More and more enterprises are demonstrating dynamic development, going beyond the criteria established for small and medium-sized businesses. If previously about three thousand companies made the annual transition beyond the SME sector, this year their number approached five thousand. This indicates qualitative growth of business, its transition to a new level of maturity and scale. For such companies, we are already developing special measures to support SMEs in order to ensure their stable development and further integration into a higher-level economy," explained Maxim Reshetnikov, Minister of Economic Development of Russia.

"The Ministry of Economic Development of Russia also notes positive dynamics in the growth of the number of medium-sized enterprises. Currently, more than 22 thousand medium-sized companies are registered, their number has grown by 6% over the year, and by 19% compared to 2023," commented Deputy Minister of Economic Development of Russia Tatyana Ilyushnikova.

As a result of monthly updates of the Unified Register of SMEs, as a rule, an increase in the number of small and medium-sized enterprises is recorded. However, during the annual update, which is carried out on July 10, a reduction in the total number of entities is usually observed. This is primarily due to the administrative features of maintaining the register and does not reflect the real state of the SME sector.

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Marat Khusnullin: More than 500 bridges and overpasses will be renovated this year under the national project "Infrastructure for Life"

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

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Bridge across the Voya River, Kirov Region.

Thanks to the national project "Infrastructure for Life", in 2025, more than 500 bridges and overpasses with a length of 42.2 thousand linear meters will be built, reconstructed, repaired, including major repairs, on the regional and local road network. This was reported by Deputy Prime Minister Marat Khusnullin.

"Bridges, overpasses, and flyovers allow you to overcome difficult sections, reduce travel time, and reduce the load on alternative routes. They ensure uninterrupted traffic flow, connect territories, and improve road safety. The construction and timely repair of artificial structures are important for the sustainability and efficiency of the country's road framework. Thanks to the national project "Infrastructure for Life", in 2025, more than 500 bridges and overpasses with a length of 42.2 thousand linear meters will be built, reconstructed, repaired, including major repairs," said Marat Khusnullin.

In particular, this year it is planned to commission 7 artificial structures, another 65 bridges and overpasses will be reconstructed. 228 structures will undergo major repairs. Work on a number of objects began under the national project "Safe High-Quality Roads".

Thus, in the Luninsky District of the Penza Region, the reconstruction of the bridge across the Shuksha River, located on the Penza-Lunino highway, was completed significantly ahead of schedule. The highway is part of the regional backbone network of highways, and also connects the administrative center of the Penza Region with the district center of the Luninsky District and further with the Republic of Mordovia.

The old bridge built in the 60s of the last century was in a pre-emergency condition. The new four-span structure has a length of 101.25 running meters. The width is 16 running meters. The project provides for sidewalks 2.25 m wide. The total length of approaches to the bridge is 235 m. Also, for the comfort of Luninets living near the artificial structure, noise protection screens more than 300 m long have been installed.

The major repairs of the bridge across the Voya River in the Nemsky District of the Kirov Region were completed ahead of schedule and put into operation. It is located on the regional highway Kyrchany – Nema – Kilmez. The length of the facility is 300 running meters. The crossing provides a connection between the Kirov Region and the Udmurt Republic. The traffic of three regional highways passes here: Kyrchany – Nema – Kilmez, Kazan – Perm and Kirov – Malmyzh – Vyatskiye Polyany.

Two artificial structures were opened in the Ulyanovsk region after major repairs: a bridge over a ravine in the Novomalyklinsky district and a bridge over the Vodoleyka River in the Sursky district. The length of the first object is 30.1 running meters. The crossing over the ravine is located on the highway ""R-241 Kazan – Buinsk – Ulyanovsk, approach to the city of Samara" – Dimitrovgrad" – Novaya Malykla.

The second object is a bridge across the Vodoleyka River built in 1967. It is located on the Surskoye-Shumerlya-Moscow-Kazan highway. The road is part of the regional backbone network and connects the Ulyanovsk Region and the Chuvash Republic. In addition, a school route passes through here. The length of the object is 66.9 running meters.

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Financial news: The Bank of Russia has published a ranking of insurers based on complaints about compulsory motor third-party liability insurance for 2024

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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Results presented in two tables: insurers with a client base of more than 2 million OSAGO contracts and small companies that do not exceed this threshold. This breakdown will help car owners compare companies of the same size.

The ranking is based on statistics of complaints to the Bank of Russia on MTPL issues for 2024, for which consumer rights violations were confirmed and supervisory measures were taken. Companies are distributed by the level of the consumer risk indicator — from highest to lowest. It is calculated as the ratio of the number of complaints about a specific insurer to every 10 thousand contracts concluded by it. Insurance companies that received only one complaint are not included in the ranking.

Preview photo: Pushish Images / Shutterstock / Fotodom

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Financial news: Prospects for the development of the retail mutual fund market: report of the Bank of Russia

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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The Bank of Russia has analyzed and summarized the accumulated law enforcement practice in the retail mutual investment fund (MIF) market, international experience, as well as initiatives of market participants, and proposes to discuss possible directions for the development of this segment.

One of the development vectors may be the expansion of investment opportunities for retail funds. It is proposed to increase the list of non-traded securities in which they can invest, but to set a limit. Digital financial assets may also appear in the list of objects available for mutual funds for investment. This will require creating a legal framework, as well as developing a procedure for separating and storing such assets. But retail funds will not be able to start investing in them immediately, but over time.

Market participants also proposed creating opportunities for the emergence of funds with increased financial leverage in Russia. These are borrowed funds or derivative financial instruments that the fund additionally uses to generate profit. Currently, the amount of financial leverage that a mutual fund for non-qualified investors can take on is limited to 20% of the fund's net asset value (with the possibility of deviation up to 40% as a result of market factors). The Bank of Russia believes that increasing the leverage entails increased risks and requires additional investor protection measures.

The idea of creating a fund of funds also requires a comprehensive assessment. Currently, in Russia, a management company cannot acquire investment units of one mutual fund under its management as part of the assets of another mutual fund under its management. However, in international practice, there are master-feeder fund structures – this is the name for a central fund consisting of assets collected from other funds under its management. The regulator proposes to discuss the prospects for using such structures in Russia, as well as the problems that they will help solve in the collective investment market.

In addition, the report considers proposals to speed up operations with units. Currently, the procedures for issuing, redeeming and exchanging investment units of open-end mutual funds, as a rule, take place within 1 to 4 business days from the moment the client provides all the necessary documents and makes the payment. It is proposed to consider the possibility of reducing this period so that operations are carried out in T 0 mode.

More about possible scenarios for the development of retail mutual fundsread in the report. Answers to questions presented in the material, comments and suggestions to it can be sent up to and including September 1.

Preview photo: Tools Konten / Shutterstock / Fotodom

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Alexander Novak: Russia is ready to consider options for cooperation with Moldova in all areas, including economics and energy

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

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Deputy Prime Minister of Russia Alexander Novak met with the leaders of the parties: Igor Dodon – Party of Socialists of the Republic of Moldova, Irina Vlah – “Heart of Moldova” and Vasile Tarlev – “Future of Moldova”. The parties discussed economic and energy cooperation between the two countries.

Alexander Novak noted Russia's desire to build good-neighborly relations, friendship and cooperation with Moldova, where more than 220 thousand Russian citizens live. At the same time, the Moldovan diaspora in the Russian Federation, according to various estimates, is from 300 thousand to 500 thousand people.

"Russia is committed to maintaining and developing centuries-old ties with the Republic of Moldova, continuing the dialogue with all constructively minded political forces of the republic that advocate strengthening Moldovan statehood, sovereignty, maintaining its neutral status and strengthening friendly relations with our country," said Alexander Novak at a meeting with representatives of the Socialist, Heart of Moldova and Future of Moldova parties.

In recent years, due to the policies of the current Moldovan authorities, economic relations between Russia and Moldova have significantly deteriorated. After Moldova signed the Association Agreement with the European Union in 2014, trade turnover between the two countries fell sharply. In 2015, trade turnover between Russia and Moldova had already fallen by 32%, and Russia's share in Moldova's exports had fallen from 70% to just over 3% in 15 years.

The Deputy Prime Minister added that Russia is always glad to see representatives of Moldova at various venues, be it congresses or exhibition events.

“We value and encourage the development of interregional ties between our countries, contacts between political parties, public associations and interdepartmental cooperation,” he concluded.

Alexander Novak also noted that the energy sector has always been an important component of cooperation between Moscow and Chisinau.

"Russia has always supplied gas to Moldova at a much more favorable price compared to the supplies that went to Europe. It is unclear why the Moldovan authorities are not satisfied with them," the Deputy Prime Minister added.

"The Moldovan authorities have refused direct contracts with Russian partners. Moreover, they have created practically unacceptable conditions for Moldovagaz to operate. We are sure that we need to return to direct dialogue, to direct supplies," said Igor Dodon, leader of the Socialist Party.

He noted that in 2020, Moldova bought gas from Russia for $148 per thousand cubic meters. According to the politician, this was the lowest price in the last 10-15 years.

"Of course, these were very favorable tariffs for the end consumer, for our economy and the competitiveness of our goods. With the arrival of the current government, we purchased Russian gas at $842. Tariffs also increased sevenfold," added Igor Dodon.

Alexander Novak emphasized that Russia is ready to return to friendly cooperation in the energy sector if the Moldovan side has such a desire.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial news: Optimization of issuers' reporting: proposals from the Bank of Russia.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The Bank of Russia plans to improve the quality of issuers’ reporting, increase its value and ensure greater demand. Your suggestions the regulator puts it up for public discussion.

First of all, it is proposed to eliminate duplication of information. Currently, issuers are required to publish reports on their activities twice a year – at the end of 6 and 12 months. Moreover, these documents have static sections where there is no promptly updated information, for example, a section on corporate governance. It is advisable to disclose such information in the annual report – a key tool for communicating with investors. Moreover, the regulator considers it necessary to standardize this document: it will have mandatory chapters that the issuer will be able to structure at its own discretion. Currently, there are no strict requirements for its composition – it is important that it simply exists.

The Bank of Russia also proposes to eliminate the time lag between the publication of consolidated financial statements and the issuer's report, which explains the reasons for achieving such results. According to the regulator, these documents should be disclosed simultaneously so that the market has up-to-date information on the company's activities.

One of the important initiatives is the transition from manual preparation of reports to electronic formats. The use of machine-readable forms will reduce the time for processing and analyzing data, which will help investors make investment decisions based on high-quality information.

The discussion of the Bank of Russia's initiatives will last until August 1, 2025 inclusive.

Preview photo: Cristina Conti / Shutterstock / Fotodom

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Financial news: Insurance license revoked from SK KHATKHOR LLC (10.07.2025)

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

By order No. OD-1469 dated 10.07.2025, the Bank of Russia revoked the license dated 28.12.2023 OS No. 4404-03 for the implementation of compulsory motor third party liability insurance (MTPL) of the limited liability company INSURANCE COMPANY HATHOR (registration number according to the unified state register of insurance entities 4404, hereinafter referred to as SK HATHOR LLC).

The Bank of Russia made this decision on the basis of subparagraph 3 of paragraph 2 of Article 32.8 of Law No. 4015-1 of the Law of the Russian Federation of 27.11.1992 “On the Organization of Insurance Business in the Russian Federation” (hereinafter referred to as Law No. 4015-1), guided by the fact that SK KHATKHOR LLC:

violated the minimum permissible value of the standard ratio of own funds (capital) and accepted liabilities established by the Bank of Russia in accordance with paragraph 4.1 of Article 25 of Law No. 4015-1, which creates a threat to the rights and legitimate interests of policyholders, insured persons, and beneficiaries. In order to comply with the requirements of the financial stability of the insurer, the minimum permissible value of the standard ratio is 1. The value of the standard ratio of SK KHATKHOR LLC has been steadily decreasing in 2025 from 0.75 on 31.01.2025 to 0.31 on 31.05.2025; previously violated the requirements of insurance legislation, in connection with which the Bank of Russia applied to it for one year the measures provided for in the third paragraph of subparagraph 2 of paragraph 2 of Article 32.5-1 of Law No. 4015-1.

The decision came into force on the day of its adoption.

By order of the Bank of Russia dated 10.07.2025 No. OD-1470, a temporary administration of SK KHATKHOR LLC was appointed from 10.07.2025 for a period of six months.

The functions of the temporary administration are assigned to the State Corporation “Deposit Insurance Agency”, which exercises the powers of the executive bodies of LLC “SK “KHATKHOR”, identifies creditors of LLC “SK “KHATKHOR” and maintains a list of submitted claims.

After the revocation of the license of SK KHATKHOR LLC, the MTPL contracts continue to be valid until their expiration.

Compensation payments for damage caused to the life, health or property of the victim under the OSAGO contracts of LLC "SK "KHATKHOR" will be carried out by the Russian Union of Auto Insurers (RSA). Information on the implementation of compensation payments can be found on the official website of the RSABBV. Autoins.ru, section "Compensation payments".

In connection with the revocation of the license of LLC "SK "KHATKHOR", policyholders have the right to terminate the MTPL agreement early. In this case, the policyholder must be returned a portion of the insurance premium minus the costs of implementing MTPL and deductions to the reserve for compensation payments, in the amount of the share attributable to the unexpired term of the agreement or the unexpired period of use of the vehicle.

For early termination of the MTPL agreement, as well as other issues related to the activities of LLC "SK "KHATKHOR", please contact the following address: 283001, Donetsk People's Republic, Donetsk city district, Donetsk city, Ilyicha ave., 3.

When using the material, a link to the Press Service of the Bank of Russia is required.

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35 new “life situations” will appear on the government services portal by the end of the year.

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

Priority services "life situations" were approved at a meeting of the subcommittee on improving the quality of public services under the leadership of Deputy Prime Minister – Head of the Government Staff Dmitry Grigorenko. They will become available on the public services portal within a year.

In total, 35 new "life situations" will appear in 2025 for both citizens and businesses. These are services for solving such issues as planning and having a child, formalizing guardianship and trusteeship, organizing children's leisure and separately – organizing children's recreation, caring for pets, entering college and technical school, the desire to become a volunteer, applying for a tax deduction, launching an IT company, undergoing a medical examination, supporting Russian citizens abroad and such difficult situations as the loss of a loved one, disability.

The list of “life situations” was formed on the basis of feedback from citizens, the results of the analysis of the quality of services provided, as well as research conducted in user testing laboratories.

With the help of the "life situations" services for citizens and businesses, the time it takes to receive government services, the number of visits to departments and documents that need to be provided are reduced. The concept is based on the unification of services to solve a specific issue of a person, when he does not have to receive all the services separately and look for where to go, and all the necessary services and reference information are collected in one place, on a special page of this "life situation" on the government services portal.

"The "life situations" services are a new stage in the evolution of public services. Once upon a time, people stood in lines at various departments, then it became possible to receive public services online. At the next stage, the state offered citizens to apply for services through a "single window" – at the MFC with paper applications and to "Gosuslugi" via the Internet. Now there are more than 1.6 thousand such services and services on the portal. To make it easier to navigate them, we are combining them according to the "life situations" principle – citizens solve their problems comprehensively, quickly and in one place," said Dmitry Grigorenko.

At the federal level, the “life situations” services are being implemented since 2023. Currently, 35 of them have been implemented. With the federal “life situations” services planned for launch, there will be 70 of them by the end of 2025.

Thanks to federal services, “life situations” on average:

The time to receive government services has been reduced by 35% (from 102 to 66 days); the number of required documents has been reduced by 29% (from 28 to 20 units); the need to visit departments has been reduced by 64% (from 14 to 5 visits).

At the same time, some "life situations" are available entirely online. Since 2024, regional "life situations" services have also been implemented. More than 150 of them have been launched so far. Work on implementing "life situations" services is being carried out within the framework of the federal project "State for People".

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.