Russia`s KamAZ cuts truck production by 61% in January-March
Russia`s largest truck maker KamAZ manufactured around 5,000 vehicles in the first quarter of 2009, representing a 61% year-on-year decrease, a company spokesman said on Tuesday.
Russia▓s MTS to launch BlackBerry service in late April
MTS will offer BlackBerry, a leading wireless platform, to individual Russian subscribers by late April, the president of Russia`s largest mobile phone operator announced.
Dollar up 20.97 kopeks, euro down 28.34 kopeks - Central Bank
The official dollar rate set by the Russian Central Bank for April 8 is 33.3840 rubles, up 20.97 kopeks from Tuesday, the Central Bank said.
Russia to spend $90 bln on anti-crisis measures in 2009 - Putin
Russia will spend 3 trillion rubles ($90 billion) on measures to fight the economic crisis, including 1.4 trillion rubles ($42 billion) from the federal budget, the prime minister said on Monday.
Medvedev calls for new global financial architecture
Russian President Dmitry Medvedev said on Tuesday that global financial institutions need to be reformed to meet modern challenges, and that a new international currency system should be developed.
Russian-produced Ford Mondeo cars go on sale
The first Ford Mondeo cars to be produced at a Ford car plant near Russia`s second largest city of St. Petersburg have gone on sale in Russia, the company said in a statement on Wednesday.
German firms to invest $12 billion in Russia in 2009 - Prikhodko
Germany intends to invest about 9 billion euros ($12 billion) in projects in Russia in 2009, a Russian presidential aide said Saturday shortly before the president`s visit to Berlin, scheduled for March 31.
Global financial crisis not yet peaked in Russia - aide
Russia has not yet seen the peak of the global financial crisis, although the most acute period has passed, a presidential economic aided said on Saturday.
World Bank predicts 4.5% decline in Russia`s GDP in 2009
Russia`s gross domestic product (GDP) may decline by 4.5% this year, the World Bank said in a revised report published on Monday.
Some 10 foreign companies to open near Moscow this year
Around 10 major foreign firms are due to open plants in the Moscow Region in 2009, an official at the Moscow Region`s ministry for foreign economic relations said on Monday.
Russia`s car market may shrink 60% in 2009 - minister
Russia`s car market may shrink 60% in 2009 year-on-year due to declining demand caused by the economic slump, Industry and Trade Minister Viktor Khristenko said on Monday.
Russia`s car market may shrink 60% in 2009 - minister
Russia`s car market may shrink 60% in 2009 year-on-year due to declining demand caused by the economic slump, Industry and Trade Minister Viktor Khristenko said on Monday.
Kremlin hopes for boost in trade, investment with U.S.
Russia expects the "reset" in relations with the United States will produce tangible results, such as growth in investment and trade, a Kremlin aide said on Monday.
CIS countries need to spend 1-3% of GDP to support banks - Kudrin
Commonwealth of Independent States (CIS) members will need to spend 1-3% of their GDP to support the banking system of each country during the financial crisis, the Russian finance minister said on Tuesday.
Chinese central bank backs Russian idea for new reserve currency
The chairman of the People`s Bank of China has spoken out in support of Russia`s proposal to create a new global reserve currency as an alternative to the U.S. dollar, Xinhua news agency reported on Tuesday.
Russia optimistic despite crisis
Russia`s economy could return to positive growth by the end of the year, now that the initial shock of the financial crisis hitting the nation has eased, Igor Shuvalov, the first deputy prime minister, has said.
Russian government approves 2009 economic stimulus plan
The Russian government has approved in general an economic stimulus plan for 2009, Economic Development Minister Elvira Nabiullina told reporters Thursday.
This will be the year of rest and rally
BAD START, GOOD FINISH FOR 2009
Banks are going to "fatten"
Up to January 1 2010 all Russian banks are to raise their net worth to 90 mln rubles, in 2 years - to 180 mln rubles.
Russia to cut oil exports, raise domestic consumption - Sechin
Russia will cut oil exports and increase domestic oil consumption in a bid to stabilize world oil prices amid the ongoing financial crisis, Deputy Prime Minister Igor Sechin said on Sunday.
Russia`s oil output down 1.9% to 575 mln bbls in Jan.-Feb.
Russia`s crude oil output declined 1.9% in January-February to 78.5 million metric tons (575 million barrels), Deputy Prime Minister Igor Sechin said on Sunday.
Russia`s anti-crisis package to hit 12% of GDP in 2009 - Putin
The Russian government`s spending on anti-crisis measures will reach 12% of GDP in 2009, Prime Minister Vladimir Putin said on Thursday.
AvtoVAZ changes payment scheme to deter halts in production
Russia`s leading carmaker AvtoVAZ will give up its current payment scheme and pay suppliers in cash in 2009 to prevent production disruptions, the plant said, citing its president.
Russia to spend $45.6 bln to balance budget in first half of 2009
Russia will spend 1.6 trillion rubles ($45.6 billion) of its reserve funds to balance its budget in the first half of 2009, the government website said on Wednesday.
Russia, Libya sign warship contract worth up to $200 mln
Libya has signed with Russia a contract worth up to an estimated $200 million to buy three missile boats, a Russian military journal reported on Tuesday.