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breakingnews
29.05.2009, 13:41
Italian Prime Minister Silvio Berlusconi is supporting calls for the EU to provide financing for Ukraine’s gas transit needs, saying he will submit a proposal to the Council of Europe to cover part of Ukraine’s costs.
29.05.2009, 12:23
Russian Railways has lost its monopoly on Russian cargo shipments. The company’s market share has fallen to 49% in the first quarter of the year.
28.05.2009, 23:22
Talks on the sale of Opel stalled after General Motors demanded additional money. GM's last-minute price hike came after the sole American bidder withdrew, leaving the contest to Fiat and the Magna-Sberbank alliance.
14.08.2010, 11:27
Grain prices, which have more than doubled since the onset of the Russian drought, have been further supported by a reduction in the global harvest forecast.
25.06.2009, 10:23
5 comments
The World Banks says the economic crisis is boosting poverty in Russia, with the number expected to increase by 5% this year to 17% of the population.
31.07.2010, 10:47
3 comments
Russia has declared a state of emergency in four more regions - hit by the worst drought in a century – making for 27 regions across central Russia seeing production hit, and economists concerned about inflation.
10.07.2009, 19:19
2 comments
The world's biggest farm machinery producer John Deere said this week Russia’s protectionist measures make the company more cautious with its investment into the country.
12.08.2009, 22:56
1 comment
Russia, Belarus and Kazakhstan have formed a single negotiating group to gain accession to the World Trade Organisation. But the newly-formed "Customs Union" may face obstacles.
18.09.2009, 12:47
1 comment
The southern Russian resort city of Sochi is hosting the Eighth International Investment Forum. Around eight thousand delegates from across the world will discuss investment, tax policy and energy efficiency.
07.08.2010, 11:31
1 comment
Russia’s catastrophic summer drought which has brought a succession of record high temperatures and record low rainfall figures, has pushed the government to impose a temporary export ban on grain.
Published: 29 May, 2009, 18:52
Russian producers are stepping up their efforts to sell to local supermarkets. First quarter results show food retailers are doing well, But producers say they can't get a foot in the door without state help.
“Now let us look at Wal-Mart again; you buy a product there, 6% goes to the employees, 10-18% is profit to the company, 25% goes to other costs and 50% goes to re-stock or the cost of goods sold. Of the 50% about 20-25% goes to China, a guess, but you get the point. Now then, how long will it take at 433 Billion dollars at year for China to have all of our money, leaving no money flow for us to circulate? At a 17 Trillion dollar economy less than 40-years minus the 1/6 they buy from us. Some say that if we keep putting money into our economy, it would take forever, but if we do not then eventually all the money flow will go. If China buys our debt then eventually they own us, no need to worry about a war, they are buying America, due in part to our own mismanaged trade, so whose fault is that? Not necessarily China, as they are doing what’s in the best interests, and we should make sure that trade is not only free, but fair too.”