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10.09.2009, 11:01

MMK posts 2Q 2009 Net Profit of $59 million

Russian Steelmaker, Magnitogorsk Iron and Steel or MMK, has posted a 2Q 2009 Net profit of $59 million under IFRS.

10.09.2009, 10:40

Sberbank posts 1H 2009 Net Profit of 6 billion Roubles

Russia’s largest bank, Sberbank, has posted a 1H 2009 Net profit of 6 billion Roubles under IFRS.

10.09.2009, 09:58

Gazprom to boost Kaliningrad supply through Lithuania

The launch of a new Russian pipeline is set to boost supplies to energy-starved countries in Eastern Europe. Gazprom’s CEO Aleksey Miller met Lithuania's Premier to discuss the deal.

24.08.2009, 19:48 1 comment

Tottering Mirax reflects Russia’s property development malaise

The country's biggest developer - Mirax Group - is fighting to keep its cranes running after legal proceedings have seized its assets.

22.09.2009, 09:38 1 comment

Government housing focus turns to longer term supply

The news that the government is prepared to back loans made to property group PIK is helping to underpin the shaky real estate market, with analysts saying the governments move is focused on longer term housing supply.

26.01.2010, 17:47

Housing growth in Moscow beats forecasts, sees solid 2010

According to the Russian Register, the volume of housing sales in Moscow for the month of December has hit 8,500, besting even the most optimistic forecasts. Analysts say 2010 should be a strong year for the market.

Rahm Emanuel 05.05.2010, 17:57 14 comments

Why is Obama’s top man defending the Fed?

President Barack Obama’s campaign pledge was to defend the little guy. So why is Rahm Emanuel, the White House Chief of Staff, against auditing the Federal Reserve Bank?

12.02.2010, 19:38 11 comments

Estonia braces for change as Russian exports move from home

Russia is renovating its railroads and sea ports - all part of plan to bypass transit countries when exporting energy products. That means neighbours like Estonia are looking to move from stable cashflows.

23.10.2009, 21:28 2 comments

Chartered Financial Analysts take up the fight against dodgy banking

Chartered Financial Analysts have called for "unethical" bankers to pass industry exams to prevent another economic crisis. It comes after industry heavyweights let through cheats like Bernard Madoff.

05.07.2010, 14:11

Lenders and developers waiting for mortgages to return

The economic recovery can’t come soon enough for Russia’s property developers and mortgage issuers with both waiting for signs of a pickup in the market.

Graduating to an economic downturn

Published: 10 September, 2009, 12:48


For the first time in a decade Graduates from the Russian tertiary education sector are coming into an uncertain economy. That’s leading to changes for employers and prospective employees.

 
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