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06.08.2009, 14:52

CTC Media posts 2Q 2009 Net profit of $30.3 million

Russian media holding, CTC Media, has posted a 2Q 2009 net profit of $30.3 million under U.S. GAAP.

06.08.2009, 13:38

Razgulay posts FY 2008 Net Loss of 6.1 billion Roubles

Russian agricultural producer, Razgulay, has posted a FY 2008 Net Loss of 6.1 Billion Roubles under IFRS.

AFP Photo / Pool / Sergei Ilnitsky 05.08.2009, 22:46 2 comments

President fronts up for small business

Wednesday saw President Medvedev meet legal officials to urge progress on legislation affecting small business, repeating criticisms made earlier this year, that authorities hinder entrepreneurs.

12.03.2010, 14:39 5 comments

Russia to bridge budget deficit with bond issue

Russia's budget deficit in January and February reached $6.6 billion, according to the Finance Ministry. The government hopes to limit the annual deficit to about 7% in 2010 and fill the gap between income and spending.

20.02.2009, 17:58 4 comments

President Medvedev highlights financing and future development in Irkutsk

The stimulus package developed by the Russian government looks good on paper, but implemention is too slow, according to the Russian President, addressing the State Council assembly which took place in Eastern Siberia.

05.02.2010, 12:15 3 comments

Mark Faber: social obligations will lead Western states to default

The United States’ top credit rating is at risk, with its triple 'A' status warned it may be downgraded if the economy grows at a slower pace than expected, says ratings agency Moody's.

14.10.2009, 23:19 2 comments

Property prices gain traction as signs of buyers return

Time to buy property? Russians are returning to the property market as buyers with the market seemingly reaching the bottom, and prices are going up.

25.11.2009, 22:43 1 comment

Russian economic outlook gets withdrawal chills

A Moscow conference heard Finance Minister Aleksey Kudrin warn the share market was overheated with speculative capital, while the prospect of a withdrawal of banking sector liquidity support also caught attention.

09.07.2010, 20:54 1 comment

Property developers look to complete frozen projects

Moscow’s property development scene is rebounding after a horror 18 months which saw projects from a range of developer grind to a halt, with Banks financing their own developments.

10.06.2009, 09:42 1 comment

HSBC goes retail in Russia

Europe’s biggest bank, HSBC, has started retail lending in Russia. Analysts say, HSBC is one of the few foreign lenders taking the chance to enter the local market.

Internet and TV slug it out for advertising dollar in tough market

Published: 06 August, 2009, 23:06


The advertising market has taken a hit in the downturn, with companies slashing spending, driving some advertisers to the wall. Major players, have remained but there is a shift towards the Internet.

 
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