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breakingnews
14.08.2009, 17:36
The economic downturn is seeing wealthier Russians ease off on cash transactions to indulge their love of expensive cars, while pushing pedal to the metal with loan applications.
14.08.2009, 15:29
Russian cosmetics and personal hygiene products producer, Kalina, has posted a 1H 2009 net income of 259 million Roubles under IFRS.
14.08.2009, 12:43
Russian airlines will have to reserve up to a quarter of profit for emergencies like flight cancellations and stranded passengers.
23.09.2009, 16:27
1 comment
Russian stocks are pushing beyond their highest levels in a year with focus increasingly returning to the longer term Russian growth outlook, and cheap valuations.
17.03.2010, 15:42
1 comment
Russian tourist numbers began to climb over December and January, with numbers in 8 of the 12 largest Russian tourist destinations above the 2008 and 2009 figures according to a Kommersant report.
29.03.2010, 11:06
In order to help farmers here in Russia, the government is making it more difficult to import foreign produce. But it may be the consumers that end up paying the price.
14.09.2009, 17:41
The Communications Ministry says the Revenues of Russia’s telecommunications services providers increased by more than 8% year on year, with the internet services sector seeing a four fold traffic jump.
15.09.2009, 17:15
A year ago the global economy first shuddered under the impact of the credit crisis. Business RT spoke with Aleksey Moiseev,Deputy Head of Research at Renaissance Capital about the lasting effects.
02.02.2010, 12:43
Interest from foreign companies in Russia's bad debt could lead to the formation of the first ever market for non-performing loans in the country, which is, however, unlikely to make for easy pickings.
16.06.2010, 10:58
Demand and metals has rebounded strongly since the middle of last year, driving prices sharply higher. But mining companies are reluctant to ramp up investment in new projects, which could lead to a supply squeeze.
Published: 14 August, 2009, 19:13
Monday marks the anniversary of the 1998 shock when Russia defaulted on its debt. The Rouble's devaluation then set the stage economic growth but this time around, Economists forecast years of slow growth for Russia.
“This crisis did not require Russian business to pay the full price for its mistakes. The system is not trying to punish businesses which made mistakes. Banks can't get back their money – it means there is no market discipline.” If I didn't know better, I'd swear this "expert" was taking about the US banks. Greed,hubris and unrivalled arrogance led to enormous risk taking whic has backfired catastrophically, yet instead of being held responsible their mistakes, the banks have been bailed out with taxpayer funds with no strings attached. No lessons learned - the stock market bubble is reinflated with a sea of dirt-cheap liquity and the Banks attempt to restart the securitisation engine and return to the pre-crash excesses.