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22.04.2009, 16:39

Megafon posts FY 2008 Net Profit of 44.3 billion Roubles

Russian mobile operator Megafon has posted a FY 2008 Net Profit of 44.3 billion Roubles ($1.4 billion) under U.S. GAAP.

22.04.2009, 14:55 2 comments

"Tax the Rich" makes a comeback

Britain has chosen Lenin's birthday to bring back taxes on the rich. Governments from the UK and Europe to the US have been busy bailing out wealthy financiers. Now they are facing tough social and political choices.

22.04.2009, 11:50

Veropharm posts FY 2008 Net Profit of $36.9 million

Russian drugmaker, Veropharm, has posted a FY 2008 Net Profit of $36.9 million under IFRS.

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.

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.

23.04.2009, 12:14

Wednesday Government meeting opts for banking support

Russian Prime Minister Vladimir Putin announced measures to encourage more lending to companies at a meeting with the government on Wednesday.

PM Putin opens purse for more banking and small business support

Published: 22 April, 2009, 18:00


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.

 
1 COMMENT
MASTERMlND April 23, 2009, 03:08 quote
0

providing additional support for small businesses will ensure the stabilization of commercial possibilities in the RF and encourage the flow of domestic capital into the economy

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