Re: Russian econ growth

[Chris Doss <lookoverhere1@xxxxxxxxx>]

Woosh! It's boom time!

RUSSIAN POPULATION: INCOMES GROW 9.8 PERCENT

MOSCOW, July 21 (RIA Novosti) - The Russian
population's real incomes
(those minus mandatory payments, adjusted to the index
of consumer prices)
have gone up over the past six months by 9.8 percent
in comparison with the
same period last year, reports the federal statistics
service.

The real incomes went up in June 2004 in comparison
with the corresponding
period last year by 10.7 percent, in the second
quarter by 7.2 percent.

The average wage this June, according to preliminary
data, stands at 6,980
rubles ($1 equals 29 rubles) to increase by 25 percent
in comparison with
June 2003.

In May 2004, the average wage for employees in health
services, physical
training and social maintenance made 64 percent of its
level in the
industry, education, culture and art-57 percent each.
In May 2003, these
figures were correspondingly 59%, 54% and 56%.

The share of the losing enterprises in January-May
2004, in comparison with
the same period in 2003, diminished by 2.1 percent to
comprise 41.3 percent.

There is evidence that the balance financial result
(profits minus losses)
of organizations (without entities in agriculture,
small business, banks,
insurance and budget) in January-May 2004, is
positive.

Thus, the surplus of the receipts over the losses
amounted to 795.8 billion
rubles ($27.7 billion): 43,600 companies gained
profits to the tune of
906.6 billion rubles and 30,700 companies accounted
for the losses worth
110.8 billion rubles. In January-May, 2003, the
balance financial result
was also positive and stood at 532.6 billion rubles
($17 billion) with the
comparable circle of organizations.

Russia's foreign trade turnover, according to the
methods of the balance of
payments in April-May 2004, (actually in current
prices) was worth $99,267
million, which is up from the figures of the
corresponding period in 2003
by 24.7 percent.

The export then amounted to $64.851 million while the
import to $34.416. In
comparison with the corresponding period of 2003, they
have grown by 25.4
percent and 23.4 percent.

Russia's foreign trade balance according to the
methods of the balance of
payments in May 2004 (in actually operating prices)
made $20,800 million
(603.3 billion rubles), having surpassed the figures
of the same period in
2003 by 27.4 percent and gone down in comparison with
April by 5.3 percent.

The incorporated export comprised $13.4 billion (387.5
billion rubles) and
the import was $7.4 billion (215.8 billion rubles).
This compared to the
figures of May 2003 and April 2004, the export in May
grew by 27.9 percent
and shrunk by 5.8 percent while the import soared 26.4
percent and dropped
4.3 percent.

The foreign trade balance (difference between export
and import) made
$5,926 million for May, 2004 and $30,435 million for
May-January, 2004.





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