breakingnews
27.10.2009, 21:42
Interest rates being paid on deposits are coming under scrutiny, as the falling Central Bank of Russia refinancing rate and lending rates ease, with inflation grinding to a virtual halt.
27.10.2009, 18:52
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Russian Energy Minister Sergei Shmatko has announced that Russia and Turkey have agreed to build an oil refinery as part of the Samsun-Ceyhan Pipeline project.
27.10.2009, 11:11
The first Russian produced Opel has come out of the Avtotor Kaliningrad plant, ahead of the finalisation of the GM-Sberbank-Magna deal for the Russian Canadian joint venture to buy into GM’s German arm.
21.01.2010, 11:05
Russian President Dmitry Medvedev says he'll make it even easier to do business in the country's special economic zones, which have continued to develop despite the financial crisis.
10.06.2010, 13:20
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The Russian Finance Ministry is proposing new taxes on cigarettes and vodka with some analysts fearing that it could lead to a significant increase in counterfeit goods.
04.01.2010, 11:31
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RT has obtained copies of a bizarre letter, asking thousands of Avtovaz workers to switch to undefined jobs at an unknown company.
23.11.2009, 20:56
A government meeting on Tuesday will discuss a rescue plan for Russia’s beleaguered domestic carmaking industry, with a Boston Consulting Group report saying it needs foreign partners, import protection and $22 billion.
06.10.2010, 22:09
According to the recent government figures, the number of SME has declined almost 6 per cent year on year.
18.02.2010, 16:13
Russian meat producer, Cherkizovo group, has announced plans to expand its poultry output by 40% by 2012.
16.09.2009, 15:38
1 comment
Employees from AvtoVAZ – Russia’s biggest car company from Central Russia’s city of Togliatti – might soon be demoted to making toys, rather than cars, in an attempt to pull through the economic crisis.
Published: 28 October, 2009, 18:51
Edited: 10 November, 2009, 22:57
Avtovaz employees threatened with layoffs by the restructuring and fight for survival of Russia’s largest domestic carmaker, will be protected from redundancy until alternative positions can be found.
The plan as outlined is good,But what must be taken into consideration is all the indirect jobs related to Avtovaz in this town, There are 100 thousand people directly employed but another 200 thousand rely on this massive plant for employment. The problem faced is immense. Other industries are in the same position one factory or mine providing the communities employment and income. Avtovaz is a blue print for the future, the authorities must get it right, many in a similar position are watching in worried anticipation. Good luck.