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05.03.2009, 10:22

Government allocates more funding for banking sector

The government is allocating $15 billion dollars to boost the capitalisation of Russian banks, in order to further underpin the stability of the sector.

Sukhoi SuperJet 100 04.03.2009, 17:40 1 comment

Sukhoi SuperJet 100 ready for delivery this year

The first Sukhoi SuperJet 100 regional airliner will be delivered to Russia’s Aeroflot by December 2009, with the company already having orders for 98 of the aircraft.

04.03.2009, 17:30

Rosneft posts FY 2008 Net Income of $11.1 Billion despite 4Q slump

Russia’s largest oil producer, Rosneft, has posted a FY 2008 Net income of $11.1 Billion under U.S. GAAP.

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.

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.

20.02.2009, 13:32

President focuses on support for credit markets and reshaping economy

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.

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.

Rosavia plans held off as doubts about smaller airlines mount

Published: 05 March, 2009, 18:19


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.

 
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