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26.03.2010, 13:00 1 comment

Gas key issue as Ukraine, Russia look to restart relations

Russia seems unlikely to significantly lower the price Ukraine has to pay for gas as the Ukrainian Prime Minister held talks with Gazprom and Vladimir Putin in Moscow.

05.02.2009, 14:51

Rusal takes axe to output, costs and investment

UC Rusal, one of the world largest aluminium producers has embarked on a major cost cutting program which will see output axed and investment programs pared back as the company fights to restructure its debt.

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.

Detroit

18.06.2010, 09:51 2 comments

Hope of recovery for former US auto powerhouse?

Detroit used to be one of America's premier auto manufacturers, but with the demise of its carmakers, Detroit’s residents are facing rising unemployment and crime in a city which has become a shell of its former self.

04.11.2009, 22:51 1 comment

Ukraine expects problems paying next gas bill

Ukraine’s energy holding, Naftogaz, has said there are some problems with payments for Russian natural gas supplied in October.

24.12.2009, 11:37 2 comments

Eurochem boosting fertilizer potential with new plant

Russia's leading fertilizer producer has launched an $80 mln plant to produce one of the best-used fertilizers in developed countries, adding to Russia’s export portfolio.

Dmitry Medvedev (AFP Photo / Yuri Kadobnov)

25.09.2009, 11:24 1 comment

Medvedev at G20: trumpet call for action

Although the big events are over for most of the leaders attending the UN General Assembly, the heads of the 20 most developed nations are preparing for further debates and heading to the US city of Pittsburgh.

Dmitry Medvedev and German Chancellor Angela Merkel, July 16, 2009 (AFP Photo DDP / Joerg Koch / Germany Out)

16.07.2009, 21:27 2 comments

Human rights activist’s murderers will be found – Medvedev

The murder of Russian human rights activist, Natalya Estemirova, cast a shadow over the Russian-German talks. However, President Dmitry Medvedev said he is sure the murderers will be found.

01.10.2009, 16:25

Unimilk posts 1H 2009 Net Profit of 19 million Roubles

Leading russian dairy producer, Unimilk, has posted a 1H 2009 Net Profit of 19 million Roubles under IFRS.

15.01.2010, 14:32 1 comment

Chelyabinsk Zinc elects new board

Russia’s largest zinc producer, Chelyabinsk Zinc Plant, has elected a new board of directors.

'Power to the producers!'

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Published: 20 February, 2009, 18:45

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TAGS: Manufacturing, Natural resources, Russia, Economy, Finance

Russian society at large will now be concentrating on giving more economic and political power to the producers of goods, says Matthew Maly, a Russian-American sociologist.

To watch this interview please click on video.

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AFP Photo / Vyacheslav Oseledko

20.02.2009, 15:13 1 comment

US airbase closed – it’s official

The Kyrgyz President Kurmanbek Bakiev has signed the bill on the closure of the American military base at Manas. The Pentagon has been sent official notice, and now base personnel have to leave within 180 days.

20.02.2009, 20:34

Latvian government submits resignation in the midst of weak economic performance

Latvian President Valdis Zatlers has accepted the resignation of the country's Prime Minister, Ivars Godmanis, amid the ongoing economic crisis in the Baltic state.

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