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06.10.2009, 17:17 1 comment

Gold climbs to all time high on greenback speculation

Gold has climbed to an all time high on renewed speculation about the U.S. dollar, after a report by British journalist Robert Fisk suggested key economies were planning to move away from the dollars reserve status.

06.10.2009, 16:55 2 comments

Premature dance on dollar's grave

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.

06.10.2009, 13:04 1 comment

Fisheries agency to bring fish to the people with moveable kiosks

The Federal Fisheries Agency is launching a chain of moveable kiosks in Moscow and St Petersburg, in an attempt to promote cheaper fish and fish products.

Dmitry Medvedev (AFP Photo / Natalia Kolesnikova) 12.11.2009, 14:36 8 comments

Down-to-earth problems at the core of Medvedev’s second address

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.

19.03.2010, 13:31 6 comments

Russian ‘Silicon Valley’ to be built near Moscow

President Medevev has announced during a speech to young scientists that Russia is to build its equivalent of Silicon Valley in the village of Skolkovo near Moscow.

18.12.2009, 11:24 2 comments

Putin calls for aviation boost

Vladimir Putin has ordered an extra $700 million to be pumped into the country’s aircraft manufacturers.

AFP Photo / Maxim Marmur 18.03.2010, 11:38 1 comment

Avtovaz unveils modernization plan

Russia's largest carmaker, Avtovaz, has come up with a $3.7 billion investment strategy over this decade. On Thursday the struggling car giant expects to receive the government's go ahead.

14.11.2009, 21:40 1 comment

State corporations to pave way for new privatization round

Experts have welcomed President Dmitry Medvedev’s plan to convert Russia’s state corporations into something more dynamic, with some saying they has been a costly mistake.

25.06.2010, 13:53 1 comment

Boeing looks to Skolkovo as US and Russia link up on technology

Russia and the United States have agreed to jointly work on innovative breakthroughs, with Dmitry Medvedev meeting Barack Obama in Washington, after the Russian President's Silicon Valley visit.

21.07.2010, 12:36 1 comment

The automakers boost from cash for clunkers

Auditing firm PricewaterhouseCoopers says the cash-for-clunkers program gave a sizable boost to the sector. Automotive industry expert at PWC Russia Stanley Root spoke with Business RT.

Car industry shifts into top gear

Published: 06 October, 2009, 22:35


The total debt of Russia's car industry has reached $3.3 billion, and to map a way out of the problem, the Minister of Economic Development - Elvira Nabiullina - will head a special committee.

 
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