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breakingnews
25.02.2009, 13:37
London listed Russian oil producer, Sibir Energy, has suspended CEO Henry Cameron, in the latest fallout over the company’s dealing with major shareholder Chalva Tchigirinski.
24.02.2009, 21:32
House prices in Moscow this month have suffered their biggest ever fall according to a new report. Average list rates slumped 5% in a fortnight, with estate agents adding much more can come off in negotiations.
24.02.2009, 21:20
China has sent a major trade delegation to Europe on a multibillion dollar buying mission, in the latest sign that China is taking a very different approach from Western countries in stimulating its economy.
05.05.2010, 17:57
14 comments
President Barack Obama’s campaign pledge was to defend the little guy. So why is Rahm Emanuel, the White House Chief of Staff, against auditing the Federal Reserve Bank?
12.02.2010, 19:38
11 comments
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.
26.03.2009, 10:00
3 comments
A leading economist claims that Moscow's proposal to ditch the dollar as the world's reserve currency will sink the world economy. It comes as Russia's Central Bank says it is pushing ahead with the plans.
03.05.2010, 09:08
4 comments
Russia's fast food market has shown huge growth over the past decade, with international and local players alike reaping in the benefits. Some local expats have come to the market looking to take a seat at the table.
22.03.2010, 10:45
3 comments
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.
12.10.2010, 17:28
2 comments
With the government and business leaders emphasizing the need to modernize and develop an innovative economy, Business RT spoke with Yaroslav Lissovolik, chief economist at Deutsche Bank Russia.
11.06.2009, 18:06
2 comments
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.
Published: 25 February, 2009, 17:12
Russian Finance Minister, Alexei Kudrin, says 2009 budget revenues will fall by 31.5% to approximately 6.3 Trillion Roubles, with outlays to be increased by a further 500 Billion Roubles to 9.3 Trillion Roubles.
Keep spending - keep people working - they get paid - they pay taxes - the state gets money - and so on. Keep the tax system simple. Good for business and the workers. And for business and the state, keep spending up.