PM’s supermarket visit puts spotlight on rising prices
Published: 25 June, 2009, 10:37
The state may soon control retail prices in Russia. A new legislation on retail business in Russia is to take its final shape in 10 days.
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Europe's largest refiner, Total, will help develop a gas field in Russia's Arctic, and build a liquified gas plant. It will also buy a 49% stake in a subsidiary of Russia's independent gas producer Novatek.
Russia’s largest port operator, Novorossiysk Commercial Sea Port, has posted a 1Q 2009 Net Profit of $33.7 million under IFRS.
The push to make the Russian rouble a new regional reserve currency has picked up momentum with renewed calls by Russian President, Dmitry Medvedev, at the St Petersburg Forum and the BRIC meeting in Yekaterinburg.
The need for greater levels of national savings is coming into focus, with experts saying low income levels, an undeveloped financial system, and long term cultural issues remain key issues to be addressed.
19.05.2010, 11:44
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A volatile Eurozone sees Russia with almost no exposure to national debt, but with markets pricing in a wider contagion, Russia would be affected by a return to recession.
15.01.2010, 11:56
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Russia will end poultry imports from the USA as of January 19 due to health concerns, with Prime Minister Vladimir Putin saying local producers can fill domestic demand and even start exporting poultry within 4 years.
09.02.2010, 17:03
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President Dmitry Medvedev has directed participants at the Council for Financial Market Development to create a development road map, emphasizing the role of financial markets in supporting economic development.
15.12.2009, 22:29
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Debt-laden Ukraine is waiting for an answer from the International Monetary Fund. The country has asked the lender to release the final, $2 billion dollar tranche of a massive bailout loan.
25.01.2010, 11:40
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Wine merchants in Russia could lose $400 million in 1Q 2010, after the customs service changed their import duties, driving up business costs by as much as 30%.
18.03.2010, 11:05
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Russia could gain 10% of the global carbon trading market in the next 3-4 years. But the need to invest in environmental projects and a forest of red tape is slowing he process.
Published: 25 June, 2009, 10:37
The state may soon control retail prices in Russia. A new legislation on retail business in Russia is to take its final shape in 10 days.