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30.07.2009, 10:01 2 comments

Avtovaz denies cuts as woes mount

Russia’s biggest car maker, Avtovaz, has denied media reports that it plans to cut more than 27 thousand jobs. However the company has been struggling with falling demand, and is facing problems debt with debt.

29.07.2009, 22:38

Track leasing comes in as Russian Railways looks for cash

Russian Railways is considering leasing out some of its railway lines for the first time, with many seeing the proposal as indication of the rail monopoly’s need for cash.

29.07.2009, 12:15

Art fund to take its place on investment menu

The first mutual fund offering investment in art may soon appear in Russia, but investors looking to diversify their portfolios won’t need to be art collectors.

23.09.2009, 15:26 2 comments

PM announces 46% pension jump

Russia will raise pensions by 46% next year, as part of a boost in government spending. Prime Minister Vladimir Putin announced the move at a cabinet meeting on Wednesday.

22.04.2009, 18:00 1 comment

PM Putin opens purse for more banking and small business support

A meeting between Prime Minister Vladimir Putin and senior officials from Russian banks has seen support for the financial sector increased by $14 billion dollars to increase bank capitalization.

01.12.2009, 21:42 1 comment

Tax plans for SME’s fire politicians up

MPs in the ruling United Russia party are up in arms over a government decision to double taxes for small and mid-sized businesses, with a leading MP creating a powerful lobby to scrap the plans.

20.03.2009, 12:11

Government mulls revised budget, as reserves cushion outlays

Russia’s government has received the latest draft of the revised 2009 budget, proposing a budget deficit of 7.4%, with keeping demand up a key issue.

AFP Photo / Dmitry Kostyukov 07.04.2009, 10:10

Putin Duma comments pitch to inflation fight without raising taxes

Russia will overcome the financial crisis and hold on to its position as one of the world's leading economies, according to Prime Minister Vladimir Putin, speaking to the Duma on Monday.

23.04.2009, 10:52

Government adds to banking support as economists warn of risks

The Governments move to beef up support for Russia’s banks has drawn criticism from some quarters over the possibility that it may lead to the Government needing to dig deeper in future.

23.04.2009, 12:14

Wednesday Government meeting opts for banking support

Russian Prime Minister Vladimir Putin announced measures to encourage more lending to companies at a meeting with the government on Wednesday.

2010 Budget outlays set to be slashed

Published: 30 July, 2009, 12:32


Budget spending will be cut by a quarter in 2010, with an announcment on the decision expected at Thursday’s cabinet meeting.

 
1 COMMENT
MEJanssen July 30, 2009, 14:31 quote
0

It could be worse. Putin could be governor of California. We can't borrow money and tax revenues are off almost 50 percent. Small business contractors are starting to sue the state over the IOUs. At least Russia entered this crisis with a big savings account.

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