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20.03.2009, 16:38

Upside in oil, gold and Rouble for Russia after U.S. Fed saps dollar

The announcement by the U.S. Federal reserve that it will spend up to $300 Billion buying U.S. treasuries will take a lot of pressure off the Russian Rouble, and possibly the Russian budget.

27.02.2009, 12:09

Gold to remain in demand despite weekly slide from $1000 ounce

After edging up to an 11-month high of over $1006 an ounce a week ago, the price of gold has slid down to under $943 for April delivery.

30.12.2008, 17:24

Russian women take up the business reins

Experts are looking to smaller businesses to play a greater role in Russia’s economy. A record number are owned by women, who are finding that being a successful entrepreneur doesn't mean sacrificing family life.

12.03.2010, 14:39 5 comments

Russia to bridge budget deficit with bond issue

Russia's budget deficit in January and February reached $6.6 billion, according to the Finance Ministry. The government hopes to limit the annual deficit to about 7% in 2010 and fill the gap between income and spending.

20.02.2009, 17:58 4 comments

President Medvedev highlights financing and future development in Irkutsk

The stimulus package developed by the Russian government looks good on paper, but implemention is too slow, according to the Russian President, addressing the State Council assembly which took place in Eastern Siberia.

05.02.2010, 12:15 3 comments

Mark Faber: social obligations will lead Western states to default

The United States’ top credit rating is at risk, with its triple 'A' status warned it may be downgraded if the economy grows at a slower pace than expected, says ratings agency Moody's.

14.10.2009, 23:19 2 comments

Property prices gain traction as signs of buyers return

Time to buy property? Russians are returning to the property market as buyers with the market seemingly reaching the bottom, and prices are going up.

25.11.2009, 22:43 1 comment

Russian economic outlook gets withdrawal chills

A Moscow conference heard Finance Minister Aleksey Kudrin warn the share market was overheated with speculative capital, while the prospect of a withdrawal of banking sector liquidity support also caught attention.

09.07.2010, 20:54 1 comment

Property developers look to complete frozen projects

Moscow’s property development scene is rebounding after a horror 18 months which saw projects from a range of developer grind to a halt, with Banks financing their own developments.

10.06.2009, 09:42 1 comment

HSBC goes retail in Russia

Europe’s biggest bank, HSBC, has started retail lending in Russia. Analysts say, HSBC is one of the few foreign lenders taking the chance to enter the local market.

Banks batten down for wave of bad debts

Published: 27 March, 2009, 22:42


Alfa-Bank President, Pyotr Aven has become the latest business figure to point to a looming wave of bad debts blighting Russia’s banking system, as calls on the governments cash mount.

 
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