Russian GDP slumps 23% in 1Q 2009
Published: 15 May, 2009, 18:22
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.
breakingnews
Russian steelmaker, Severstal, has posted a 1Q 2009 Net Loss attributable to shareholders of $643.9 million under IFRS.
Italian Prime Minister Silvio Berlusconi and ENI's CEO will meet Russian officials in Sochi on Friday over the South Stream pipeline project. An agreement is expected but several issues remain unresolved.
13.05.2009, 20:28
1 comment
VTB shares have fluctuated wildly on mixed reports of a share buy back for those who participated in its IPO, two years ago. Promoted as the ‘peoples IPO,’ VTB shares are now worth about 1/3rd the listing price.
01.06.2009, 22:02
6 comments
The international monetary fund has issued a new forecast for the Russian economy for this year. It's predicting a sharp contraction, but there's some good news amongst the grim statistics.
29.09.2009, 20:04
5 comments
Russia is preparing for a new wave of privatization according to Prime Minister Vladimir Putin. The move could help not only improve Russia’s budget outlook, but also its image.
22.01.2010, 17:03
2 comments
A sharp rebound in commodity prices has seen Fitch Ratings move Russia’s credit rating from negative to stable, as PwC says Russia could become the largest European economy in two decades.
11.05.2010, 13:59
4 comments
Business RT spoke with Chris Weafer, Chief Strategist at Uralsib about the decision by Eurozone nations to agree to a €750 billion bailout mechanism to protect the European currency.
25.06.2009, 10:46
3 comments
The economic crisis is changing the structure of Russia's population, boosting the number of poor and cutting the middle class. It's part of the World Bank’s forecast for this year - and it just got more gloomy.
07.05.2010, 15:36
3 comments
The US and Russia are gaining traction on an economic rebound, with China posting rudely healthy 1Q 2010 GDP growth. But its time for Europe to get ready for Recession - the sequel.
07.04.2010, 22:38
3 comments
Improving the investment climate, reforming financial infrastructure, and clarifying the tax regime - these tasks are on Moscow's "to do" list, as it bids to become a global financial center.
Published: 15 May, 2009, 18:22
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.