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breakingnews
23.11.2009, 14:21
Russia’s largest cosmetics and perfumery producer, Kalina, has posted a 9M 2009 Net Income of $13 million under IFRS.
23.11.2009, 10:14
The economy was central to Russian Prime Minister, Vladimir Putin’s, St Petersburg address to 600 delegates of United Russia, as he noted pressing issues remain.
23.11.2009, 10:02
The International Air Transport Association says November could see the first growth in passengers this year. But its head warns the news masks bigger problems for the industry.
04.01.2010, 11:31
1 comment
RT has obtained copies of a bizarre letter, asking thousands of Avtovaz workers to switch to undefined jobs at an unknown company.
10.06.2010, 13:20
2 comments
The Russian Finance Ministry is proposing new taxes on cigarettes and vodka with some analysts fearing that it could lead to a significant increase in counterfeit goods.
31.08.2009, 10:28
1 comment
A new low-cost airline has spread its wings in Russia. Fares starting at eight dollars look appealing, but there's still not much of a market for this model.
02.06.2009, 16:07
1 comment
Japanese carmaker Nissan has opened its first production plant near Russia's St. Petersburg.
30.07.2009, 10:01
2 comments
Russia’s biggest car maker, Avtovaz, has denied media reports that it plans to cut more than 27 thousand jobs. However the company has been struggling with falling demand, and is facing problems debt with debt.
19.10.2009, 20:28
1 comment
Mounting losses at Avtovaz, have stakeholders muttering about stemming the losses and bankruptcy, as the company races against time to rev up its range, slash employees, and service crippling debts.
23.07.2010, 12:14
1 comment
Russia's iron and steel producers have come in for fierce criticism from the government for their pricing policies. Metal consumers, such as car makers, have deferred purchases citing high prices.
Published: 23 November, 2009, 20:56
A government meeting on Tuesday will discuss a rescue plan for Russia’s beleaguered domestic carmaking industry, with a Boston Consulting Group report saying it needs foreign partners, import protection and $22 billion.
