The liquid part of the NWF rushed to a new threshold // Monitoring of public finance

The volume of the National Wealth Fund (NWF) as of December 1, 2021 amounted to RUB 13.886 trillion, or $ 185.2 billion, the Finance Ministry said yesterday. This is 12% of the projected Russian GDP in 2021. Over the month, the size of the fund decreased by 58.7 billion rubles. Of this total amount, € … Read more

National Welfare Fund in November decreased by 58.7 billion rubles

The volume of the National Wealth Fund (NWF) of Russia in November 2021 decreased by 58.7 billion rubles – to 13.886 trillion rubles, in dollars – decreased by 12.6 billion, to $ 185.196 billion, according to the website of the Ministry of Finance. On December 1, 2021, the volume of the NWF amounted to RUB … Read more

For Whom the Turkish Lira Rings // The Turkish authorities’ refusal to tighten the monetary policy devalues ​​its currency

The Turkish lira exchange rate continued to weaken last week – it has almost halved against the US dollar since the beginning of the year. The main reason for the continuing pressure on the currency is the position of President Recep Tayyip Erdogan, who insists on cutting the interest rate, despite the acceleration of inflation … Read more

Industrial Growth Limits the Deficit of Human Resources and Investments // Market Research

The Gaidar Institute’s November Industry Survey Newsletter published the results of a quarterly study of sector growth constraints in 2021. According to enterprises, the main constraint on output growth in 2021 was and remains insufficient domestic demand, but its constraining influence has decreased from 54% to 46% of mentions. In 2020, the growth of the … Read more

Share protection // In November, foreign exchange assets brought profit to the shareholders

The last fall month proved to be successful for mutual funds focused on foreign exchange assets: high-tech stocks, precious metals and Eurobonds. The value of shares of such mutual funds increased by 3-18%. At the same time, the funds of Russian stocks and bonds showed a noticeable decrease in the value of shares, but at … Read more