Drowning in debt? Call anti-collectors!
Published: 24 January, 2009, 09:27
Banks across Russia are reporting a rise in failed loan repayments – and some companies see an opportunity for making a buck by helping people to get out of debt.
breakingnews
Dmitry Medvedev has promised Russian business there will be no shortage of bank finance. He said the government would minimize the negative impact of the global financial crisis and the military conflict in South Ossetia.
US and UK politicians seem determined to bankrupt their economies in their struggle to save the banks.
Declining oil prices and a sharp slowdown in the global economy have prompted the Russian government to review the 2009 state budget. The Finance Ministry expects a sharp decline in economic growth.
Rouble devaluation, along with inflation, are the biggest challenges for Russia’s banks in 2009 according to expert. They are expecting massive consolidation in the sector and say banks must reduce costs.
25.06.2010, 12:11
46 comments
Due to its unshakeable commitment to materialism and individualism, Americans now find themselves passengers on a spiritual shipwreck that perhaps only the Russian soul can salvage.
24.10.2009, 10:12
8 comments
Russia’s high yield of grain crops this year are giving managers of storage facilities a headache. Low prices are keeping traders from selling grain, meaning there's too much stock.
24.03.2010, 10:31
8 comments
The world may have been brought crashing to its knees by the economic crisis, but some say we have not seen anything yet.
01.10.2010, 01:31
3 comments
Scientists say they have found a planet with the right conditions to sustain life. A Russian company is working to build a space hotel and Virgin says it should be ready for space tourism flights in 18 months.
28.08.2009, 17:30
7 comments
The number of poor people in Russia has risen by 1.5 million people and now amounts to 24.5 million – which is more than 17 per cent of the country’s population, the Federal Service of State Statistics (Rosstat) says.
14.05.2009, 22:57
4 comments
“Russia is going to ensure its security through higher living standards and the increased competitiveness of its economy,” says Yekaterina Kuznetsova, of the Moscow centre for studies of post-industrial societies.
Published: 24 January, 2009, 09:27
Banks across Russia are reporting a rise in failed loan repayments – and some companies see an opportunity for making a buck by helping people to get out of debt.