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18.03.2009, 21:50

Nabucco doubts have upside for Nord Stream and South Stream

The EU commission has excluded the Nabucco pipeline from its list of priority projects. The change in mood by the European Union may speed up the construction of South and Nord stream pipelines.

18.03.2009, 21:32

Novatek boosts FY 2008 Net Profit by 22%

Russian gas producer, Novatek, has posted a FY 2008 Net Profit of 22.89 billion Roubles under IFRS.

18.03.2009, 16:20

Wimm-Bill-Dann posts FY 2008 Net Profit of $101.7 million

Wimm-Bill-Dann, a leading Russian producer of dairy foods, baby foods, and non alcoholic drinks, has posted a FY 2008 Net profit of $101.7 million under U.S. GAAP.

08.10.2009, 22:58 2 comments

Privatisation prices and benefits come under question

Russia is launching a new privatisation drive, putting around 450 companies up for sale next year. That has some questioning where the buyers will come from and if prices will be bargain basement.

Photo by Alexey Novikov 03.08.2010, 09:25 2 comments

Real estate prices rise as supply shortage looms

Russian real estate prices are on the rebound, with the construction halt at the height of the downturn likely to push apartment prices higher as demand grows.

27.04.2009, 21:46 1 comment

Stimulus too strong as inflation becomes 'embarrassing'

Russia’s economic stimulus is the biggest in the world, according to the International Monetary Fund. But experts say the Government’s generosity is boosting the country’s double digit inflation.

12.01.2010, 17:44 1 comment

Russian cash for clunkers launches in March

The government will launch the cash-for-clunkers program, targeted at boosting car sales, on the 8th of March, following a decision made the Monday's government meeting.

14.01.2010, 12:27 1 comment

Metrocards come into vogue as Banks look to push credit

Russian banks are beefing up their attempts to promote credit card usage, by combining them with metro tickets, with Alfa - Bank this week joining the push.

Illustration by Christopher Zacharow 16.04.2009, 10:06

Business awaits new tax proposals from government

Russia won’t increase company tax in the next three years despite its budget deficit. Companies have called for tax cuts. But even the possibility of lower VAT in two years looks vague.

23.03.2009, 15:36

State support depends on efficiency: Shuvalov

First Deputy Prime Minister Igor Shuvalov says Russia will support both state and private companies but only if they commit to efficiency programmes, adding this could put companies in a stronger competitive position.

Revised budget goes into deficit

Published: 19 March, 2009, 10:36


Russia’s revised budget for 2009, which the Duma is expected to adopt on Thursday, delivers higher spending but falls into deficit.

 
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