Ministry of Economic Development

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The Ministry of Economic Development (Minэкономразвития) is actively involved in economic forecasting, including monitoring inflation rates and GDP growth, with recent data indicating a 0.3% monthly increase in GDP for May 2026 and annual inflation at 5.84%. The ministry oversees regulatory initiatives such as the creation of a registry for digital platforms under Federal Law No. 289-ФЗ, supports small businesses through mechanisms like state-backed investment contracts (СЗПК), and promotes domestic tourism via collaboration with Wildberries on the WB Travel platform. It also engages in inter…

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