Page 38 - RUSRptSept18

The official forecast of the Ministry of Economic Development for the growth of Russia's GDP in 2018 is 1.9%. The central bank expects GDP growth in the range of 1.5-2%.
The growth of real incomes of Russians in July was 2% in annual terms, Rosstat said. In January - July, real incomes increased by 2.6%.
The average monthly salary of employees in July, according to Rosstat, was RUB42,640, which is 10.7% more than in July last year. In the first half of the year, the average monthly salary increased by 11.1% compared to the same period in 2017.
The real wage growth in July was 8% in annual terms, compared to June it decreased by 7.3%. In January - July, the growth was 8.6% compared to the same period last year.
The Pension Fund of Russia (PFR) has increased the pensions of pensioners working in 2017 upwards in August, the Pension Fund said. The maximum increase is RUB235.74. For these purposes, the budget of the FIU in 2018 provides for RUB10.7bn. Since 2016, authorities have canceled the indexation of pensions to working pensioners. But as employers continue to pay insurance premiums for them, their pensions are recalculated
38 RUSSIA Country Report September 2018 www.intellinews.com