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breakingnews
27.04.2009, 15:38
A 2 day meeting in Sofia, Bulgaria, has seen gas producers and European consumers agree to diversify supply routes and guarantee deliveries. Russian Energy Minister, Sergey Shmatko, spoke about Russia’s position.
27.04.2009, 15:15
Bulgarian Prime Minister, Sergei Stanishev, has arrived in Moscow to iron out the differences over Sofia’s participation in South Stream.
27.04.2009, 14:59
Russian petrochemical producer, Sibur, has posted a FY 2008 Net Income of 16 billion Roubles under IFRS.
08.10.2009, 22:58
2 comments
Russia is launching a new privatisation drive, putting around 450 companies up for sale next year. That has some questioning where the buyers will come from and if prices will be bargain basement.
03.08.2010, 09:25
2 comments
Russian real estate prices are on the rebound, with the construction halt at the height of the downturn likely to push apartment prices higher as demand grows.
12.01.2010, 17:44
1 comment
The government will launch the cash-for-clunkers program, targeted at boosting car sales, on the 8th of March, following a decision made the Monday's government meeting.
14.01.2010, 12:27
1 comment
Russian banks are beefing up their attempts to promote credit card usage, by combining them with metro tickets, with Alfa - Bank this week joining the push.
16.04.2009, 10:06
Russia won’t increase company tax in the next three years despite its budget deficit. Companies have called for tax cuts. But even the possibility of lower VAT in two years looks vague.
19.03.2009, 10:36
Russia’s revised budget for 2009, which the Duma is expected to adopt on Thursday, delivers higher spending but falls into deficit.
23.03.2009, 15:36
First Deputy Prime Minister Igor Shuvalov says Russia will support both state and private companies but only if they commit to efficiency programmes, adding this could put companies in a stronger competitive position.
Published: 27 April, 2009, 21:46
Russia’s economic stimulus is the biggest in the world, according to the International Monetary Fund. But experts say the Government’s generosity is boosting the country’s double digit inflation.
Some say the problem is deflation, so inflation is better as far as it is not excesive. If the stimulus is successful and Russia avoids a deep Recesion, then it was worth the effort and the Ruble will start rising again. And once growth starts again interest rates will rise too.