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breakingnews
30.03.2009, 15:13
AFK Sistema, Russia’s largest diversified public corporation, has announced that it will take a controlling stake in Bashneft and associated production and refining companies for $2.5 billion.
30.03.2009, 14:34
Russian oil producer Surgutneftegas has purchased a 21.2% stake in Hungarian refiner Mol Nyrt from Austria’s OMV for 1.4 Billion Euro.
30.03.2009, 10:13
After widespread criticism for their failures, ratings agencies are bracing for a crackdown. But market leader, Standard & Poor's, says they've changed their ways and now "couldn’t be more transparent".
12.03.2010, 14:39
5 comments
Russia's budget deficit in January and February reached $6.6 billion, according to the Finance Ministry. The government hopes to limit the annual deficit to about 7% in 2010 and fill the gap between income and spending.
20.02.2009, 17:58
4 comments
The stimulus package developed by the Russian government looks good on paper, but implemention is too slow, according to the Russian President, addressing the State Council assembly which took place in Eastern Siberia.
05.02.2010, 12:15
3 comments
The United States’ top credit rating is at risk, with its triple 'A' status warned it may be downgraded if the economy grows at a slower pace than expected, says ratings agency Moody's.
14.10.2009, 23:19
2 comments
Time to buy property? Russians are returning to the property market as buyers with the market seemingly reaching the bottom, and prices are going up.
25.11.2009, 22:43
1 comment
A Moscow conference heard Finance Minister Aleksey Kudrin warn the share market was overheated with speculative capital, while the prospect of a withdrawal of banking sector liquidity support also caught attention.
09.07.2010, 20:54
1 comment
Moscow’s property development scene is rebounding after a horror 18 months which saw projects from a range of developer grind to a halt, with Banks financing their own developments.
10.06.2009, 09:42
1 comment
Europe’s biggest bank, HSBC, has started retail lending in Russia. Analysts say, HSBC is one of the few foreign lenders taking the chance to enter the local market.
Published: 30 March, 2009, 17:54
The World Bank's latest report says Russia's GDP will shrink more than expected over the coming year, with the focus to turn to smaller businesses, as VTB24 signs a deal with the EBRD to boost small business lending.
