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breakingnews
21.10.2009, 11:10
Russia’s second largest bank, VTB, has posted a 1H 2009 Net Loss of 31.5 billion Roubles under IFRS.
20.10.2009, 22:51
While Avtovaz has been pushed to the brink by a 50% sales slump during the economic downturn, German giant, VW, has been pumping huge investment into Russia with big plans to expand.
20.10.2009, 22:06
Gas ties between Russia and Serbia have been at the forefront of the visit by President Dmitry Medvedev to Belgrade.
21.08.2009, 16:11
1 comment
Russia is in the middle of a horse racing boom, with the number of horse racing clubs in the Moscow region tripling over the last 5 years.
16.07.2010, 17:54
1 comment
This years drought is focusing concern on Russian agriculture, with crop forecasts being slashed, but meteorologists say climate change could make them a common occurrence.
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.
31.07.2009, 14:31
President Medvedev of Russia and President Rahmon of Tajikistan have opened a new hydro-electric plant in the Pamir mountains, which will make the Central Asian state self sufficient in electricity.
25.08.2009, 22:29
Russia’s phosphorus based fertilizer producers have been exposed to a sharp global downturn. But the Ammofos plant in Cherepovets is showing that it still turn a profit.
10.09.2009, 15:05
Russian businessmen have defied the crisis by splashing out huge sums on luxury golf courses this year. Tycoons have already pumped half a billion dollars into the golf industry in the first 8 months of 2009.
05.10.2009, 06:50
Russia will soon start using oil as raw material, which will later be converted into synthetic fibre for its textile industry. The first contract was signed at the Fourth Textile Industry Forum in Ivanovo.
Published: 21 October, 2009, 20:18
Telecoms giant, Sviyazinvest, has approved a plan to merge its regional fixed line operators with Rostelecom by May 2011 in a move it expects to bring more than $1 billion in synergies.
