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breakingnews
29.05.2009, 18:52
1 comment
Russian producers are stepping up their efforts to sell to local supermarkets. First quarter results show food retailers are doing well, But producers say they can't get a foot in the door without state help.
29.05.2009, 18:03
Russian property developer, Sistema-Hals, has posted a 1Q 2009 Net Loss of $63.5 million under U.S. GAAP.
29.05.2009, 13:41
Italian Prime Minister Silvio Berlusconi is supporting calls for the EU to provide financing for Ukraine’s gas transit needs, saying he will submit a proposal to the Council of Europe to cover part of Ukraine’s costs.
06.01.2010, 11:49
1 comment
The Russian currency has risen in 2009 in line with higher oil prices making the country’s exports less competitive. But Merrill Lynch says the Rouble is still undervalued and may appreciate by 20% in 2010.
25.06.2009, 10:12
The Central Bank could lower its re-finance rate once again in July, says its re-elected head Sergey Ignatiev. The rouble could weaken further, but there are no evident reasons for that.
21.09.2009, 17:11
Sibirtelecom, telecom provider in Russia’s Siberia, has posted a 1H 2009 Net Profit of 851 million Roubles.
15.06.2009, 20:17
2 comments
The group of developing nations known as the BRICs is continuing to build up their reserves with the International Monetary Fund - while denying they want a new currency to rival the dollar.
06.10.2009, 16:55
2 comments
The media jumped on the dollar-is-dead story, after Britain’s Independent newspaper reported plans by oil producers to stop selling in dollars within nine years.
28.04.2010, 17:14
3 comments
With concern mounting the Greek debt crisis will become a contagion, RT Business spoke with Ben Aris, editor in chief of Business News Europe.
12.11.2009, 14:36
8 comments
On Thursday, Russian President Dmitry Medvedev delivered his second address to the nation’s parliament, The Federal Assembly. He touched on urgent problems society currently faces, and spoke of pragmatic solutions.
Published: 01 June, 2009, 10:53
The Central Bank is warning thatn Russian banks are offering high rates and taking on too much risk. Rouble appreciation and record interest rates have boosted deposits by 38%, but the risk of Rouble devaluation remains.
Certainly the headline interest rates and spreads are dangerous at the moment in our banking system. What worries me is the development of the consumer credit business in Russia, as a vehicle to support the saving rate. Yes it can all be made to work, in the short term. But on a course like this, the long term will be a painful repeat of the West. I think we do need to look at a different credit model in Russia. Remember for many of us, mortgages don't exist, we or our parents were given our appatments. Mortgages and credit cards are relatively new and if uncontrolled, will put our economy in a mess later on. So I think we do need to move to more sustainable rates and spreads, and in a controlled managed fashion, because as they are, they are unsustainable, even if in the short term they are supported by a consumer credit bubble.