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05.05.2010, 17:00

Sberbank leads way with deposit rate cut

Sberbank has cut its retail Rouble deposit rates in the wake of another Central Bank refinancing rate cut, with inflation down to just 0.3% in April according to Vedomosti.

AFP Photo / Sakis Mitrolidis 05.05.2010, 17:56 1 comment

Greece and the Eurozone’s fork in the road

The crisis unfolding across the Eurozone about how best to balance managing the Greek budget and the fundamental needs of a common currency means that the EU is now at the fork in the road.

06.05.2010, 11:09

Russian vegetables go organic

Affordable organic food is still little seen on Russian retail shelves, but rising import costs and growing demand, has domestic organic producers looking for a bigger seat at Russian tables.

01.06.2009, 22:02 6 comments

IMF predicts sharp contraction as private funds desert Russia

The international monetary fund has issued a new forecast for the Russian economy for this year. It's predicting a sharp contraction, but there's some good news amongst the grim statistics.

Russian Federation, Moscow : Russian Prime Minister Vladimir Putin delivers a speech at an investment forum in Moscow on September 29, 2009. (AFP Photo / Natalia Kolesnikova) 29.09.2009, 20:04 5 comments

Leaders commit to market with state control set to go beyond 50%

Russia is preparing for a new wave of privatization according to Prime Minister Vladimir Putin. The move could help not only improve Russia’s budget outlook, but also its image.

22.01.2010, 17:03 2 comments

Fitch ups Russian credit outlook as PwC looks to bigger long term

A sharp rebound in commodity prices has seen Fitch Ratings move Russia’s credit rating from negative to stable, as PwC says Russia could become the largest European economy in two decades.

11.05.2010, 13:59 4 comments

European bail out: What it means

Business RT spoke with Chris Weafer, Chief Strategist at Uralsib about the decision by Eurozone nations to agree to a €750 billion bailout mechanism to protect the European currency.

25.06.2009, 10:46 3 comments

World bank gloom on Russian economy as OECD looks for sharp rebound

The economic crisis is changing the structure of Russia's population, boosting the number of poor and cutting the middle class. It's part of the World Bank’s forecast for this year - and it just got more gloomy.

RIA Novosti / Andonn Denisov, STF 07.04.2010, 22:38 3 comments

Moscow to boost standing as global financial centre

Improving the investment climate, reforming financial infrastructure, and clarifying the tax regime - these tasks are on Moscow's "to do" list, as it bids to become a global financial center.

13.06.2009, 09:49 2 comments

Russia looks for joint entry to WTO with Belarus and Kazakhstan

A three-country block of Russia, Kazakhstan and Belarus will start the process of WTO accession next week in Geneva. The three CIS neighbours will form a customs area before seeking entry to the organization.

Get ready for the European double dip

Published: 07 May, 2010, 15:36
Edited: 10 May, 2010, 06:18


The US and Russia are gaining traction on an economic rebound, with China posting rudely healthy 1Q 2010 GDP growth. But its time for Europe to get ready for Recession - the sequel.

 
3 COMMENTS
Edmont Dantes May 08, 2010, 18:30 quote
0

I am quite confused, how the rating for UK can be AAA, while has a highercurrent deficit 12.5% than Greece, and as the Guardian comment...UK borrowed another £4.3bn last month rather than repaying £2.8bn as economists expected..borrowing including financial sector interventions is at £122.4bn against a full year forecast of £170.4bn. In addition the fiscal revenues dropped by 16% and the result of the election are proving that a stable government is very difficoult...and rating still keeping AAA ??? Comic

toma May 09, 2010, 01:20 quote
0

nobody heard of the Bundesbank printing new Deutsche Mark? Greece might still default, no matter how much our politicians endebt themselves to get rid of their debt. Ratings are just lies that keeps the financial system poor as it is. I will pay some billion here to get AAA ratings, endebt myself like mad and expect other to pay for what I consumed. I call this folly, not solidarity. Euro is a federal project to be new Soviet Union, with European being the nationality (like the Sovet back then) The bureaucracy is getting bolder and bigger, raising taxes for themselves, demand higher pay...power corrupts and all unification is good, for nationalities will be under pressure, after the EU dissolution - that will come once it may face conflicts like the USSR dissolution brought.

davidperi May 09, 2010, 21:49 quote
0

Last few weeks, I see some important videos on Youtube. The Debt of Dictators and Money as Debt. Can´t believe how tons of money are funneled so quickly by big banks to the dictators or huge gov projects..and when they go under the poor citizen are then slaves to pay up.

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