G8 agenda goes first to climate, while economic stimulus remains for now
Published: 09 July, 2009, 09:52
The G8 countries have reiterated their commitment to cut their own carbon emissions by 50% by the year 2050.
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Russia and the U.S. currently have a trade turnover of $36 billion. A 35 year old U.S. law aimed at Soviet emigration policy is still holding back that potential, along with the latest twist in Russia's WTO bid.
Following the meeting of Presidents Medvedev and Obama, RT and the joint Business summit, RT was joined by Matthew Murray, Executive Director with the Center for Business Ethics, to look at the outcomes.
Russian air flagship, Aeroflot, has posted a FY 2008 Net Profit of $37 million under IFRS.
11.08.2009, 20:17
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2Q data showed Russia's economy is contracting rapidly - while other emerging markets are recovering. The President says its time to change the economic structure, while analysts look for more infrastructure spending.
Russia will overcome the financial crisis and hold on to its position as one of the world's leading economies according to Prime Minister Vladimir Putin, speaking to the Duma on Monday.
The Russian government is to present its 3-year budget for parliamentary approval, with the budget deficit in focus. This years deficit of 8% of forecast to come down, but by how much and when is under debate.
President Dmitry Medvedev met business leaders to hear feedback on the effect of anticrisis measures taken so far, and found new ideas to drive the economy after the crisis.
With the Russian economy now emerging from the slump of the past year, focus is turning to the economic restructuring required to broaden the economic base and lay the basis for steadier economic growth.
Russia may sell up to $3.5 billion of state assets each year under its latest privatisation plan. Starting in 2010, airports, shipyards, freight shippers and an insurer will be sold to private investors.
Finance Minister Alexei Kudrin says Russia is putting the worst of the recession behind it with November GDP up 8% on October and 4Q 2009 Growth set to come in at 2%.
Published: 09 July, 2009, 09:52
The G8 countries have reiterated their commitment to cut their own carbon emissions by 50% by the year 2050.