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breakingnews
30.01.2009, 17:19
Finance Minister, Alexei Kudrin has set out a radically changed budget outlook for Russia, showing a mounting global economic recession will hammer government revenues and create a massive shortfall.
30.01.2009, 12:52
Day 2 of the world Economic Forum in Davos saw increased pressure on politicians and business leaders to produce strategies to stop the financial crisis from growing.
29.01.2009, 20:18
Russia's GDP may be around zero or slightly negative in 2009, which would be a good result given the current macro-economic climate, says Ruben Vardanyan, the head of Troika Dialog.
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.
19.10.2009, 10:28
4 comments
Russia has one of the biggest immigrant populations of any country in the world and they are vital for the country's economic well-being. Despite this, many native Russians remain opposed to the idea of foreign workers.
Published: 30 January, 2009, 20:59
The Russian government has revised it budget outlook in the wake of deteriorating economic data. The revision means that Russia’s reserves will be further eaten into in an attempt to minimize the downturn.
