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25.05.2009, 17:45

Norilsk Nickel posts FY 2008 Net Loss of $555 million

Russian mining giant, Norilsk Nickel, has posted a FY 2008 Net Loss of $555 million under IFRS.

25.05.2009, 10:45

Wait is over as Moscow prepares for 3G

Russians have purchased around 6 million mobile phones with 3rd-generation technology support. But, one of the country's largest markets is still waiting for the service to be switched on.

25.05.2009, 10:40

New downturn in more developed economy offers different opportunities

While Russia’s economy is contracting at the fastest pace in 15 years, the slowdown may actually provide a window of opportunity for both existing and new businesses.

29.10.2009, 16:11 4 comments

Russian toll roads shift into overtaking lane

Plans to construct toll roads, improving driving conditions and bolstering the economy, have gained recent attention with supportive comments from Prime Minister Vladimir Putin providing extra traction.

11.08.2009, 20:17 2 comments

Russian economy slumps further in 2Q

2Q data showed Russia's economy is contracting rapidly - while other emerging markets are recovering. The President says its time to change the economic structure, while analysts look for more infrastructure spending.

28.01.2010, 18:15 2 comments

Davos: Russia’s anti crisis plan not delivering bang for its buck?

Though the Russian government is beginning to see some of its anti crisis funds be repaid, questions are being asked about how well the bailout money was spent.

Production still from 'Capital' music video by Lyapis Trubetskoy 10.09.2009, 09:48 4 comments

Chavez shopping for arms and energy deals in Moscow

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10.03.2009, 15:28

Federal budget deficit pressures regions on outlays

The Federal budget deficit will mean regions dependent on Federal support will need to curtail expenditures. That’s likely to see projects delayed as the money runs out.

Vladimir Putin (AFP Photo / Dmitry Kostyukov) 06.04.2009, 15:41

PM points to upped competitiveness and saved banks thanks to State

Russia will overcome the financial crisis and hold on to its position as one of the world's leading economies according to Prime Minister Vladimir Putin, speaking to the Duma on Monday.

23.04.2009, 10:27

Government steps up to the plate for SME’s

Russia's small and mid-sized businesses will get up to $3 billion in help from the Government this year. Business owners say the state is moving in the right direction, but corruption remains a major hurdle.

‘Tough steps’ required on Government spending

Published: 25 May, 2009, 22:18


by George Logan

Russia has only just completed this year's federal budget. Now, against a shaky economic outlook, it's looking to 2010, with President Dmitry Medvedev calling for "tough steps" to control government spending.

 
1 COMMENT
Max Pappas May 26, 2009, 22:06 quote
0

Kudrin (and Medvedev) should abandon oudated monetarist policies and try to make the economy more divesrse. Waiting for the private sector to do it for them is an illussion.

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