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19.02.2009, 19:44

President and State Council to meet on economic support measures

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.

19.02.2009, 13:02

Baltika posts FY 2008 Net Profit of 15.5 Billion Roubles

Russia’s largest brewer, Baltika, has posted a Net profit for 2008 of 15.5 Billion Roubles under IFRS.

19.02.2009, 12:06

January sees Russian unemployment rate climb to 4 year high

The ranks of Russia’s unemployed swelled by 300 thousand in January, according to figures released by the Federal Statistics Service.

20.02.2009, 17:58 4 comments

President Medvedev highlights financing and future development in Irkutsk

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

Bank bailouts come with greater focus on protecting Rouble

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

G7 Finance Ministers warn on protectionism, promise to use all policy tools

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.

Moscow City 18.02.2009, 10:05

Financial crisis shakes Moscow City

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.

24.02.2009, 10:41

Rail looks to boost market share

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.

24.02.2009, 21:32

Prices slump as sellers pull housing off the market

House prices in Moscow this month have suffered their biggest ever fall according to a new report. Average list rates slumped 5% in a fortnight, with estate agents adding much more can come off in negotiations.

05.03.2009, 18:19

Rosavia plans held off as doubts about smaller airlines mount

The government has suspended creation of new state-owned airline, Rosavia, for at least a year, with experts saying that some regional carriers that are supposed to be folded into the airline may not survive until then.

President focuses on support for credit markets and reshaping economy

Published: 20 February, 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.

 
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