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03.08.2009, 12:51

IFK Metropol: After a year of global financial crisis and economic downturn

With the global financial crisis passing its first anniversary, Business RT spoke with Leila Sharifullina, banking sector analyst at IFK Metropol, about how the Russian banking system has coped.

03.08.2009, 10:49

Russia bolsters regional finances

Russia has passed a law to set up an anti-crisis fund for the Eurasian Economic Community.

03.08.2009, 10:34

Budget deficit gives rise to Rouble devaluation talk

Gloomy economic statistics and melting reserves are giving rise to fears of another Rouble devaluation, after the currency lost one third of its value earlier this year.

17.09.2009, 18:59 1 comment

The economic road ahead

With key figures reporting to the Duma this week on the outlook for the Russian economy and finance system, Business RT spoke with Nikolay Kascheev, Head of Treasury and Financial Markets Research at Sberbank.

19.03.2010, 19:06 2 comments

Rouble appreciation in the spotlight on energy revenues

Oil prices holding at above $70/bbl mean Russia is enjoying strong energy revenues and boosting its current account surplus. But that might not help the economy.

18.05.2009, 10:37 1 comment

Economic downturn pushes Czech Euro adoption further away

The 16 Nation Eurozone economy shrank 2.5% in the first three months of this year. Most nations see the single currency as a prop in the crisis, and many others want to join, with the Czech republic undecided.

22.10.2009, 16:29

Ten Rouble notes to recede into history

Russia’s ten rouble note, a mainstay of consumer services from local buses to metro tickets is to be phased out from 2010 to be replaced by coins, but no official decision has been taken on 1 and 5 kopeck coins.

AFP Photo / Saul LOEB 01.04.2009, 21:47

G20 to try and bridge divide

The G-20 summit, intended to work out a united plan on global recovery, may stumble over the differing positions of its main players - the US and the EU.

13.10.2009, 21:57

Dollar slide has limited upside for Russia

It's been the worst month for the U.S. dollar in 20 years, as it continues a 6 month decline, with forex players, including central banks increasingly looking elsewhere. But there is little upside for Russia.

12.05.2010, 09:57

Eurozone rescue package brings long term questions

The bold $1 trillion rescue mechanism agreed by the European Union has halted the euro slide and sent markets soaring. But euphoria has given way to longer term concerns.

The global financial crisis and economic downturn, one year on: Deutsche Bank

Published: 03 August, 2009, 17:58


With the global financial crisis and ensuing economic slowdown passing its first anniversary, Business RT spoke with Yaroslav Lissovolik, Chief Economist at Deutsche Bank, Russia about how the Russian economy has fared.

 
1 COMMENT
Biloxi August 03, 2009, 18:46 quote
0

"... Where we are left today, dear taxpayer, is a lot poorer. Unless you are a major shareholder and/or bonusable employee of Goldman Sachs. Brains, ingenuity and value creation should be rewarded in all fields, Wall Street included. But when value created is the direct result of the risks borne by others for your benefit, the sharing of benefits needs to be re-allocated. This has not and apparently will not be done, and we, dear taxpayer, are the worse for it. Further, such a crisis could have provided the opportunity and the impetus for a re-look at capital markets risks, getting CDS users to support a central credit derivatives exchange and revised capital rules to incentivize better gap management. The banks lobby like hell against these changes, because it cuts into their fees, notwithstanding the systemic benefits such changes could have on the global financial markets. Banks now lobbying with US taxpayer dollars against changes that could protect the US taxpayer from more harm in the future. Something is terribly wrong with this picture, yet all anyone wants to talk about are executives getting paid too much. It's called missing the forest for the trees, and it is a fixture of both those trying to sell newspapers (get clicks) and run our Government, and it pisses me off. ... nakedcapitalism.com AND "... Everywhere you turn there is evidence of just how bad our economy is getting. Growing unemployment, families that are struggling to put food on the table, and retirees that are having to make the choice between doing without or joining the millions of others that are looking for a job. Unfortunately, many of our economic woes have been created by government intervention and politicians who believe themselves to be economic “experts.” ..." schiffforsenate.com

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