breakingnews
09.03.2009, 11:33
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Russian luxury retailers – including those who sell designer lingerie – were planning to buck the economic downturn. But, they are finding they’re not immune.
09.03.2009, 10:02
Russia is one of the world's fastest growing dairy markets but declining cattle numbers are starting to limit further growth. That means the Russian dairy industry is turning to technology to boost productivity.
06.03.2009, 19:55
One of Russia's biggest restaurant chains, Rosinter, expects revenue to drop 10% this year, and may close up to 4% of its restaurants in the face of a deteriorating market that is forcing owners to cut costs or opt out.
20.02.2009, 17:58
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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.
06.02.2009, 19:44
In a second round of bank bail-outs, Prime Minister Putin this week approved $28 billion in fresh liquidity. But unlike previous banking bailouts its emphasizing the funds don’t get used to speculate against the Rouble.
16.02.2009, 10:31
The G7 Finance Minister and Central Bankers who met in Rome over the weekend, released a communiqué promising to use the full range of policy tools to restore stability to battered global finances.
18.02.2009, 10:05
World renowned british architect, Lord Norman Foster, is laying off staff around the world. Russia’s ambitious Moscow Tower project is one of his problems, as developers hold on construction.
19.02.2009, 19:44
President Medvedev is in Irkutsk on Friday to hold an extended meeting of the State Council on support for Russia's real economy. The government will pay special attention to the region's aircraft building industry.
20.02.2009, 13:32
Russian President, Dmitry Medvedev, has called for a focus on long term economic projects to diversify and strengthen the economy, while addressing shorter term financing needs of Russian companies.
24.02.2009, 10:41
Rail attracts just 6% of the $600 billion worth of trade between the Asia-Pacific region and Europe. Train chiefs claim they can almost double that proportion by cutting the number of customs checks at each border.
Published: 10 March, 2009, 10:20
Sweden is still blocking approval of the vast Nord Stream pipeline, claiming more ecological tests are necessary before it can allow construction through its economic zone.
It is suprising to hear such language as "unprofessional" being used by Swedish official. The comments on the "lack of detail' also ring hollow. Sweden had the responsibility to work with Nord Stream project team to define the objectives and to offer best models for the environmental study. The shortcomings of the product are directly related to the lack of its input and participation. I expect that the official quoted does not represent the Swedish government attitude. The kind of behaviour exibited by this official sounds arrogant. Let's hope that Sweden, as the country responsible for the environment within its priviledged economic zone, contributes responsibly to this european project.