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16.02.2009, 17:57

Consumer costs to continue growing

Russia is the leader among eleven developed countries in rates of inflation development and final consumption expenditure, according to the Federal Agency of State Statistics Rosstat.

13.06.2009, 09:30 1 comment

Chinese govt looks to make window shoppers spend

Despite a booming economy, the financial crisis has exposed China’s overdependence on exports to maintain its growth. As Beijing struggles to get its economy back on track, it looks to its local consumers for help.

AFP Photo / Kazbek Basayev 01.07.2009, 02:43 3 comments

“Reforming army – ‘mission impossible’ during recession”

Russia is trying to upgrade its army to face modern challenges, but due to the ongoing crisis, it’s likely to be a ‘mission impossible’, says Ruslan Pukhov, Director of the Centre for Analysis of Strategies and Technolog

02.07.2009, 09:53 3 comments

Russian Orthodox Church short of cash

Even the House of God is not immune to the global economic crisis. Russian Orthodox Church congregations are lacking money, with major benefactors and large corporations also saving on parish donations.

27.02.2009, 21:56 2 comments

Crisis far from being over – Putin

Russian Prime Minister Vladimir Putin has warned that the economic crisis has yet to hit bottom. Russia, he said, would have a tough year, but would make it through.

16.06.2009, 16:27 2 comments

“BRIC countries unable to change world economy on their own”

Russia, Brazil, India and China won’t be able to save the world from the financial crisis, but they can help each other to minimize its negative effects, believes political analyst Ivan Safranchuk.

28.07.2009, 20:40 2 comments

Russian unemployed has a young face

A year of the world economic crisis has brought about a profound change in the face of the Russian unemployed – now most of them are young people aged 18 to 30 and only 7% of the unemployed have no education.

18.01.2010, 14:04 8 comments

Burger King opens up in battle for Russian burger aficionados

Burger King, the world’s second largest fast food chain after McDonald’s, is launching its first Russian operation this week, under license of coffeehouse chain Shokoladnitsa.

Irina Karaush 21.04.2009, 08:39 1 comment

Family chooses death over unemployment

One family from the small village of Argayash in the Russian Urals decided to starve themselves to death after the father found himself unemployed.

Russian Prime Minister Vladimir Putin (C) tours the BaselCement factory in Pikalevo on June 4, 2009 (AFP Photo / RIA Novosti / Pool / Alexey Nikolsky) 04.06.2009, 19:54 1 comment

Putin takes on desperation of crisis-hit town

Russian Prime Minister Vladimir Putin has rounded on closed enterprise bosses and local officials, demanding that wages be paid out by the end of Thursday. The money is reported to have already been transferred.

Government shelters farmers from crisis

Published: 31 March, 2009, 10:21


Russia has been hit by the global financial crisis, but amid the gloom the agricultural industry is doing strong, thanks to state support.

 
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