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31.03.2009, 09:53

Russian agriculture looks for more state support

Russia's farming has seen a decade of strong growth, despite subsidy levels that are far below most Eastern European competitors. Now the agricultural sector is hoping for greater state support.

30.03.2009, 17:54

World Bank says Russian GDP to shrink 4.5% this year

The World Bank's latest report says Russia's GDP will shrink more than expected over the coming year, with the focus to turn to smaller businesses, as VTB24 signs a deal with the EBRD to boost small business lending.

30.03.2009, 15:13

Sistema takes controlling stake in Bashneft for $2.5 billion

AFK Sistema, Russia’s largest diversified public corporation, has announced that it will take a controlling stake in Bashneft and associated production and refining companies for $2.5 billion.

16.08.2010, 18:36

Time to focus on savings

The need for greater levels of national savings is coming into focus, with experts saying low income levels, an undeveloped financial system, and long term cultural issues remain key issues to be addressed.

19.05.2010, 11:44 4 comments

Russia looking to avoid worst of economic downturn

A volatile Eurozone sees Russia with almost no exposure to national debt, but with markets pricing in a wider contagion, Russia would be affected by a return to recession.

15.01.2010, 11:56 2 comments

End of U.S. poultry imports leaves onus domestic producers

Russia will end poultry imports from the USA as of January 19 due to health concerns, with Prime Minister Vladimir Putin saying local producers can fill domestic demand and even start exporting poultry within 4 years.

09.02.2010, 17:03 2 comments

President looks for financial markets to underpin economic development

President Dmitry Medvedev has directed participants at the Council for Financial Market Development to create a development road map, emphasizing the role of financial markets in supporting economic development.

15.12.2009, 22:29 1 comment

Ukraine waits on IMF bailout funds

Debt-laden Ukraine is waiting for an answer from the International Monetary Fund. The country has asked the lender to release the final, $2 billion dollar tranche of a massive bailout loan.

25.01.2010, 11:40 1 comment

Wine sellers furious over sudden change in customs legislation

Wine merchants in Russia could lose $400 million in 1Q 2010, after the customs service changed their import duties, driving up business costs by as much as 30%.

18.03.2010, 11:05 1 comment

Russia to power into global carbon trading market

Russia could gain 10% of the global carbon trading market in the next 3-4 years. But the need to invest in environmental projects and a forest of red tape is slowing he process.

G20 to meet as expectations on reform, IMF and currencies mount

Published: 31 March, 2009, 18:28


The upcoming G20 summit in London is expected to clear steps on coordinating stimulus measures for the global economy while proposals for a new reserve currency and the role of the IMF come under further discussion.

 
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