Russian GDP slumps 23% in 1Q 2009
Published: 15 May, 2009, 18:22
TAGS: Investment, Russia and the global economy, Economy, Finance
The first quarter of 2009 saw Russian GDP shrink 9.5% year on year and 23% quarter on quarter, according to the Federal State Statistics Service.
That's the biggest three month slump since 1995 with Russia in its first recession in a decade. Elina Ribakova, Chief Economist for Citibank Russia spoke with RT about the economic outlook.
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15.05.2009, 18:31
Novatek posts 1Q 2009 Net Profit of 2.134 billion RoublesRussian energy producer, Novatek, has posted a 1Q 2009 Net profit of 2.134 billion Roubles under IFRS. |
