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☆ Putin is embarking on an aggressive hiring drive to rejuvenate Russia's army. But he can't sustain it, experts say.
▼ + stars: | 2024-09-18 | by ( Kwan Wei Kevin Tan | Mia Jankowicz | ) www.businessinsider.com time to read: +6 min

On Monday, Putin ordered the army to increase its troops by 180,000, per a decree published by the Kremlin. This will raise the overall number of Russian military personnel to 2.38 million people, with 1.5 million of them being active soldiers. AdvertisementThe gear coming off the production line "will still be substantial," Reynolds told BI in an interview on Wednesday. Russia has "adapted much better than predicted to some of the pressures it's been put under," Reynolds told BI. Other experts BI spoke to said that while Putin might still be able to grow Russia's army, it may only add more strain to the already-stretched Russian labor force.

Persons: —, Vladimir Putin, Putin, Nick Reynolds, Reynolds, That's, It's, it's, Artem Kochev, Kochev, Benjamin Hilgenstock, Jeremy Morris Organizations: Service, Kremlin, Business, International Institute for Strategic Studies, Royal United Services Institute, Vienna Institute for International Economic Studies, Kommersant, Kyiv School of Economics Institute, Bloomberg, Russian Armed Forces, Aarhus University Locations: Russia, China, India, Ukraine, Moscow

☆ How Russia has avoided bankrupting itself after 2 years of waging war in Ukraine
▼ + stars: | 2024-02-19 | by ( Huileng Tan | ) www.businessinsider.com time to read: +9 min

1: By waging war outside its own bordersOne critical reason Russia's economy is still ticking is because of the location of the war. AdvertisementConsider the impact of the war on the economies of both Russia and Ukraine. In 2022, the first year of the war, Russia's economy contracted 1.2%, according to official statistics. Russia was facing a demographic crisis with a declining population and falling fertility rate even before its war with Ukraine. 4: By stimulating and steadying its economy with subsidies and policiesGovernment subsidies, spending, and policies are also propping up Russia's economy.

Persons: —, Hassan Malik, Loomis Sayles, it's, Malik, Vladimir Putin's, Sergei Guriev, Malik isn't, Alex Isakov, Putin, Alexandra Prokopenko Organizations: Service, Business, Reuters, US, Exchange, European Bank for Reconstruction, Bloomberg Economics, Vienna Institute for International Economic Studies Locations: Russia, Moscow, Boston, Crimea, Ukraine, Russian, China, India, Austrian

☆ Putin has bet Russia's entire economy on war. An expert says it's his best shot at maintaining control of the country.
▼ + stars: | 2023-10-07 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

Vladimir Putin bet his economy on a long war, ramping up military production and raising wages. An expert told Insider keeping Russia's economy stable is critical to prevent regime collapse. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementVladimir Putin has fully transitioned the Russian economy toward wartime production, betting his country's financial and manufacturing systems can outlast the West's until Russia sees a military victory in Ukraine. As long as the country maintains some semblance of the status quo in the economy, English said he doesn't expect to see things changing.

Persons: Vladimir Putin, Robert English, —, Putin, Vasily Astrov Organizations: Service, Kremlin, Street Journal, Vienna Institute for International Economic Studies, ., Government of, Russian Federation, University of Southern Locations: Russia, USSR, Ukraine, Russian, University of Southern California

☆ ECB confronts a cold reality: companies are cashing in on inflation
▼ + stars: | 2023-03-02 | by ( Francesco Canepa | ) www.reuters.com time to read: +9 min

"It's clear that profit expansion has played a larger role in the European inflation story in the last six months or so," said Paul Donovan, chief economist at UBS Global Wealth Management. "The ECB has failed to justify what it's doing in the context of a more profit-focused inflation story." Instead, national accounts and earnings reports from listed companies are being used as proxies to paint the inflation picture. "The main story of the risks going forward is still that there's a looming wage-price spiral which should make the central bank even more aggressive in hiking interest rates." loadingloadingEven inside the ECB, labour representatives demanding higher pay for central bank staff have distanced themselves from what they described as the institution's "anti-worker bias".

☆ Что известно о том, кто может стать послом Молдовы в Российской Федерации
▼ + stars: | 2020-12-15 | by ( Mld Media Srl | ) noi.md time to read: +1 min

Комиссия по внешней политике и европейской интеграции одобрила в понедельник кандидатуру депутата-социалиста Владимира Головатюка на должность посла Республики Молдова в Российской Федерации. С 1979 по 1984 год учился на экономическом факультете Ленинградского государственного университета, а в 1989 году получил степень кандидата экономических наук. В 1995 году он получил диплом Банка Англии, а годом позже (1996) - диплом Joint Vienna Institute. С 1993 по 2000 год Головатюк работал в Национальном банке Молдовы заместителем начальника Департамента денежно-кредитной политики и исследований, членом Совета директоров, исполнительным директором НБМ, директором Департамента денежно-кредитной политики и исследований. В течение года (2008 - 2009) Владимир Головатюк занимал должность генерального директора Национального бюро статистики Молдовы.

Persons: Владимир Головатюк, Головатюк Organizations: Vienna Institute, Ленинградский государственный университет, Банк Англии, Национальный банк, Департамент денежнокредитная политика и исследований, Совет директоров, НБМ, Департамент денежнокредитной политики и исследований, Национальное бюро статистики, ПСРМ Locations: Республика Молдова, Российская Федерация, Брэвичены, Оргеевский район, Молдова

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