Russia`s state-controlled oil producer Rosneft said on Wednesday its net profit under Russian Accounting Standards had declined almost 50% in January-June 2009, year-on-year, to 81.32 billion rubles ($2.6 bln).
Russia`s largest privately owned oil producer LUKoil said on Monday its net profit calculated under Russian Accounting Standards had declined 27%, year-on-year, in January-June to 37.5 billion rubles ($1.2 billion).
Russian dealers will learn to sell in a new way. Deputies of the State Duma will discuss a trade bill. In the near future uniform rules of production realisation and norms of interaction with suppliers for ten thousand retailers can be introduced.
Russian Prime Minister Vladimir Putin signed on Thursday a government order on Russia`s participation in an ambitious laser research project to be based in Germany.
Russia will allocate over 120 billion rubles ($3.8 billion) for a federal program to develop new generation nuclear energy technology in 2010-2012, Russian President Dmitry Medvedev said on Wednesday.
Russia`s largest truck producer KamAZ announced on Tuesday net profits under Russian Accounting Standards of 54.96 million rubles ($1.8 million) in April-June 2009.
A Muslim couple from Russia`s second largest city of St. Petersburg has named their child Mahmoudahmadinejad after the Iranian president, the Tatar community website in St. Petersburg reported.
Tinned meat for 15 rubles, litre juice - for 10 rubles and other foodstuff now can be bought at a fire-sale price meat in the Russian markets. Crowds of people queue in order to buy these products from morning. Buyers of the goods with almost or already expired period of storage.
The Central Bank demands from bankers decreasing of deposists’ rates. Some leading Russian banks Recommendations to revise yield under deposits have received already. Those who will not change the rate, the regulator threatens to deprive of future crediting.
Russian industrial production should start growing again by the end of the year and a conservative forecast of 2010 GDP growth would be 1%, Finance Minister Alexei Kudrin said on Thursday.
The total value of Russian exports will drop by $190 billion in 2009, while imports will decrease by $100 billion, the country`s finance minister said on Thursday.
Russia`s natural gas exports to countries other than former Soviet republics declined 50%, year-on-year, in January-May 2009 to 37.8 billion cubic meters, the Federal Customs Service said on Monday.
The Russian machine-building holding company, Concern Tractor Plants (CTP), expects to hold talks before the end of 2009 on tractor production in Nigeria, a senior company executive said on Monday.
Petroleum cost from the beginning of this year was lifted for the first time to 70 dollars for barrel. The rise in prices for "oil" was positively reflected in work of home stock market, counters of many companies have spread upwards. However experts are not inclined to consider such lifting will last long.
Russia expects to earn 57 billion rubles ($1.8 bln) annually from oil exports to China, Energy Minister Sergei Shmatko said on Friday.
Russia`s foreign debt fell by $8.4 billion to $475.1 billion in the first six months of 2009, the Central Bank said on Friday.
VTB, Russia`s second-largest bank, reported a net loss of 26.45 billion rubles ($846 mln) in the first six months of the year, the bank`s press service said on Friday.
The average price of Russian oil in the first six months of 2009 was less than half what it was for the same period a year ago, a senior Finance Ministry official said on Wednesday.
PGNiG expects to increase Russian natural gas imports by 2-3 billion cubic meters to 10-11 bcm annually from 2010, a senior official at the Polish energy company said on Wednesday.
Global automakers General Motors and Ford on Wednesday suspended production at their car plants in Russia over weak demand for vehicles, the companies said.
Russian businessmen are not ready to reconstruct business structure because of the crisis. According to experts of KPMG company, only 23 % of representatives of our business aspire to radical changes. For comparison the rating leader Japan has this indicator in an amount of 87 %.
Members of a Chinese animal rights group have rescued over 300 cats, who were due to be served as a delicacy in southern Chinese restaurants, the Shanghai Daily said on Monday.
Gazprom will buy 500 million cubic meters of natural gas from Azerbaijan annually from January 1, 2010, CEO Alexei Miller said on Monday.
Russia`s prime minister said Monday that Moscow could not help Ukraine pay for Russian gas deliveries as Kiev signaled it was having difficulties raising funds.
Oil prices soared above $71 a barrel Wednesday to reach a 2009 high, as investors poured money into crude markets to protect themselves against the inflation risks posed by a weakening U.S. dollar.