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11.06.2009, 16:15

Investment essential for oil reserve turnaround as producer point to tax

Russia won’t reduce oil production in the next three years acording to Deputy Prime Minister, Igor Sechin. But after 2012, output will depend on investment in exploration, which has dropped significantly.

11.06.2009, 13:38

Bank Saint-Petersburg posts 1Q 2009 Net Profit of 240 million Roubles

Bank Saint-Petersburg has posted 1Q 2009 Net Profit of 240 million Roubles under IFRS.

Illustration by Dick Palulian 11.06.2009, 12:29

Outlook on the Russian Economy: Aleksey Ulyukaev

At the St Petersburg Forum Economic Forum RT spoke with Aleksey Ulyukaev about Russian interest rates and inflation, the Russian banking system and the issue of non performing loans.

12.02.2010, 19:38 11 comments

Estonia braces for change as Russian exports move from home

Russia is renovating its railroads and sea ports - all part of plan to bypass transit countries when exporting energy products. That means neighbours like Estonia are looking to move from stable cashflows.

22.03.2010, 10:45 3 comments

Innovative economy needs business culture overhaul

Hi-tech projects are being pushed as part of Russia's economic diversification, but the head of the Russian Venture Company, Igor Agamirzyan, says Russia’s business culture needs to be overhauled.

18.09.2009, 20:06 2 comments

Sochi sentiment buoys investors

Business and political leaders meeting at the Sochi International Investment Forum have heard that Russia will be looking to encourage greater foreign investment.

17.12.2009, 20:10 2 comments

Renewable push looks for alternative environment

Russia should shift its focus from oil and gas and begin developing alternative energy. But members of the International Energy forum say innovations will require state investment and social and economic policy changes.

03.07.2009, 16:48 1 comment

Business on the menu as President Obama comes to Moscow

Dmitry Medvedev will welcome Barack Obama on his first Presidential visit to Russia, with strategic issues likely to dominate the agenda but economic ties also looking to gain a boost.

18.09.2009, 16:24 1 comment

World Investment Report shows Russia moving into 5th position

The U.N. Conference on Trade and Development has released its World Investment Report, placing Russia in 5th position for Foreign Direct Investment inflows over 2007-2008, behind the U.S., France, China, and Britain.

29.09.2009, 18:45 1 comment

Russia and India look to boost trade ties

Russia and India are looking to double trade volumes between the two nations by 2012 to $20 billion annually, with trade growing despite the turbulent global economy.

Russian companies look to buy up globally

Published: 11 June, 2009, 18:06


Gazprom says it’s received an offer to buy a stake in Slovenia's largest fuel retailer Petrol while the nation's economy minister refuses to sell it. Last month Russia’s Sberbank bought into Germany’s carmaker Opel.

 
2 COMMENTS
Meslin June 13, 2009, 10:07 quote
0

Having russian companies investing globally is OK but what are the benefices for the average russian citizan ? To do this they must be quoted in New-York, Franckfort, London stocks market where speculations are the name of the game. As an example: Back in the 60s France had two great oils'companies: Elf and Total. Jointly, they developped the Sahara gisements and many others worldwide. At that time, they were nationalized, then owned by the french taxpayers. Supposantly to increase their influence in such a competitive World, their stocks were open to private interests. Consequently, now 80% of Total (Elf being included) belong to the american pensions' funds and the other 20% to the managing staff and western oligarchs. The french taxpayer has 0% plus the priviledge to pay one liter of gasoline 1,40 €. Same thing is happening to many other european companies. Globalisation work perfectly well for the few thousands creeps of this World, but rather badly for the little guy, where-ever he live. Copying the capitalistic system which recently showed to what extrems it can lead or beating it at its own game is not what I wish to be the best way to use for Russia and the other decent nations. Sincerely. Jean-Claude Meslin

Bianca September 18, 2009, 21:03 quote
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@Meslin, a great comment! That is exactly how the governments and the elites in the so-called "liberal" capitalism have fleeced the taxplayer. And in many, many other creative ways! They are liberal indeed. With other people's money, other peoples assets, and by pushing wars, other people's children. I am cautiously optimistic that the developing countries, especially those that did not fall for the "development model" of the liberal persuasion, are not doing business the same way. If they did, they would not have the money now, would they? Well, they will say that France had to sell those shares, as it needed money to fill its budget holes. Fair enough. But why did France, and other developed countries had to resort to selling their assets to support basics of the society, when once, they were the creditors of the world? Because they were giving away the assets. You see, at first the assets were given away in support of inane ideology that "private sector and free markets know best", and once having lost the shirt on the gamble, they have to keep on selling, just to keep the budget afloat. One day, historians and economists are going to have a field day with the Hubris that underpinned it all. But now Nemesis stalks the land.

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