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22.07.2009, 16:03

Pava posts FY 2008 Net Profit of 22.7 million Roubles

Russian grain producer, Pava, has posted a FY 2008 Net Profit of 22.7 million Roubles under IFRS.

Bretton Woods conference, 1944 (AFP Photo / US National Archives) 22.07.2009, 13:42 1 comment

Bretton Woods anniversary brings focus back to waning dollar outlook

65 years ago the dollar became the world’s de facto reserve currency at the Bretton Woods conference in New Hampshire. On the anniversary, uncertainty about the Dollar’s capacity to continue in the role is increasing.

22.07.2009, 11:35

Car sales slump as producers look for fresh injection of foreign technology

Car sales in Russia have dropped 55% so far this year, leaving the Russian market only the 5th largest in Europe.

23.09.2009, 15:26 2 comments

PM announces 46% pension jump

Russia will raise pensions by 46% next year, as part of a boost in government spending. Prime Minister Vladimir Putin announced the move at a cabinet meeting on Wednesday.

30.07.2009, 12:32 1 comment

2010 Budget outlays set to be slashed

Budget spending will be cut by a quarter in 2010, with an announcment on the decision expected at Thursday’s cabinet meeting.

22.04.2009, 18:00 1 comment

PM Putin opens purse for more banking and small business support

A meeting between Prime Minister Vladimir Putin and senior officials from Russian banks has seen support for the financial sector increased by $14 billion dollars to increase bank capitalization.

01.12.2009, 21:42 1 comment

Tax plans for SME’s fire politicians up

MPs in the ruling United Russia party are up in arms over a government decision to double taxes for small and mid-sized businesses, with a leading MP creating a powerful lobby to scrap the plans.

20.03.2009, 12:11

Government mulls revised budget, as reserves cushion outlays

Russia’s government has received the latest draft of the revised 2009 budget, proposing a budget deficit of 7.4%, with keeping demand up a key issue.

AFP Photo / Dmitry Kostyukov 07.04.2009, 10:10

Putin Duma comments pitch to inflation fight without raising taxes

Russia will overcome the financial crisis and hold on to its position as one of the world's leading economies, according to Prime Minister Vladimir Putin, speaking to the Duma on Monday.

23.04.2009, 10:52

Government adds to banking support as economists warn of risks

The Governments move to beef up support for Russia’s banks has drawn criticism from some quarters over the possibility that it may lead to the Government needing to dig deeper in future.

PM calls for lower interest rates

Published: 23 July, 2009, 11:13


Protesters shout during a rally near a government building in Chisinau on April 8, 2009 (AFP Photo / Viktor Drachev)

After Russia’s Central Bank cut its refinancing rate to 11 %, Prime Minister Vladimir Putin believes Russian banks should be able to lend at 14 %.

 
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