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19.10.2009, 17:07

TMK posts 1H 2009 Net Loss of $204 million

Major Russian gas and oil pipe producer, TMK, has posted a 1H 2009 Net Loss of $204 million under IFRS.

Image from nornik.ru 19.10.2009, 14:19

Norilsk Nickel posts 1H 2009 Net Profit of $439 million

Major Russian metals producer, Norilsk Nikel, has posted a 1H 2009 Net Profit of $439 million under IFRS.

19.10.2009, 08:14

Cheap gas helping fertilizer producers plan for longer term

Fertilizer Sales will fall next year, according to the industry's international trade body. But the introduction of cheaper products means business is booming for some.

Dmitry Medvedev (AFP Photo / Natalia Kolesnikova) 12.11.2009, 14:36 8 comments

Down-to-earth problems at the core of Medvedev’s second address

On Thursday, Russian President Dmitry Medvedev delivered his second address to the nation’s parliament, The Federal Assembly. He touched on urgent problems society currently faces, and spoke of pragmatic solutions.

19.03.2010, 13:31 6 comments

Russian ‘Silicon Valley’ to be built near Moscow

President Medevev has announced during a speech to young scientists that Russia is to build its equivalent of Silicon Valley in the village of Skolkovo near Moscow.

18.12.2009, 11:24 2 comments

Putin calls for aviation boost

Vladimir Putin has ordered an extra $700 million to be pumped into the country’s aircraft manufacturers.

AFP Photo / Maxim Marmur 18.03.2010, 11:38 1 comment

Avtovaz unveils modernization plan

Russia's largest carmaker, Avtovaz, has come up with a $3.7 billion investment strategy over this decade. On Thursday the struggling car giant expects to receive the government's go ahead.

14.11.2009, 21:40 1 comment

State corporations to pave way for new privatization round

Experts have welcomed President Dmitry Medvedev’s plan to convert Russia’s state corporations into something more dynamic, with some saying they has been a costly mistake.

25.06.2010, 13:53 1 comment

Boeing looks to Skolkovo as US and Russia link up on technology

Russia and the United States have agreed to jointly work on innovative breakthroughs, with Dmitry Medvedev meeting Barack Obama in Washington, after the Russian President's Silicon Valley visit.

21.07.2010, 12:36 1 comment

The automakers boost from cash for clunkers

Auditing firm PricewaterhouseCoopers says the cash-for-clunkers program gave a sizable boost to the sector. Automotive industry expert at PWC Russia Stanley Root spoke with Business RT.

Housing focus turns away from luxury as affordability becomes key driver

Published: 19 October, 2009, 21:18
Edited: 20 October, 2009, 08:58


With affordable housing being declared a state priority, luxury developments will take a back seat while developers face up to the challenge of providing quality cheap housing.

 
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