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breakingnews
23.11.2009, 20:56
A government meeting on Tuesday will discuss a rescue plan for Russia’s beleaguered domestic carmaking industry, with a Boston Consulting Group report saying it needs foreign partners, import protection and $22 billion.
10.06.2010, 13:20
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The Russian Finance Ministry is proposing new taxes on cigarettes and vodka with some analysts fearing that it could lead to a significant increase in counterfeit goods.
31.08.2009, 10:28
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A new low-cost airline has spread its wings in Russia. Fares starting at eight dollars look appealing, but there's still not much of a market for this model.
02.06.2009, 16:07
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Japanese carmaker Nissan has opened its first production plant near Russia's St. Petersburg.
30.07.2009, 10:01
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Russia’s biggest car maker, Avtovaz, has denied media reports that it plans to cut more than 27 thousand jobs. However the company has been struggling with falling demand, and is facing problems debt with debt.
19.10.2009, 20:28
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Mounting losses at Avtovaz, have stakeholders muttering about stemming the losses and bankruptcy, as the company races against time to rev up its range, slash employees, and service crippling debts.
23.07.2010, 12:14
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Russia's iron and steel producers have come in for fierce criticism from the government for their pricing policies. Metal consumers, such as car makers, have deferred purchases citing high prices.
28.10.2009, 18:51
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Avtovaz employees threatened with layoffs by the restructuring and fight for survival of Russia’s largest domestic carmaker, will be protected from redundancy until alternative positions can be found.
12.05.2009, 07:24
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Russia is about to enter a new era of cooperation with Japan on nuclear energy, as the energy source undergoes a renaissance at home.
18.08.2009, 16:19
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The disaster at the Sayano-Shushenskaya hydro-power plantin East Siberia may have serious implications for several industries. Electricity prices are expected to jump while Rusal may have to cut its output.
Published: 04 January, 2010, 11:31
Edited: 07 January, 2010, 11:25
RT has obtained copies of a bizarre letter, asking thousands of Avtovaz workers to switch to undefined jobs at an unknown company.
Russian industry has to be competitive to survive in the World markets after WTO entry so there has to be a rationalisation of the old Russian industrial base. Part of that work force will have to work in new sectors (pharmaceutical industry, middle and high tech, software...) Not just the industrial sector but also the ruling bureaucracy has to adapt to the new enviroment: it is a waste of resources that the Central Bank of Russia has 70,000 employees while the Central Bank of China has 3,000 employees or the Central Bank of Japan 20,000 employees.... So the Russian Federation has an underused work force.