Dollar down 0.18 kopeks, euro down 7.37 kopeks - Central Bank
The official dollar rate set by the Russian Central Bank for February 28 - March 2 is 35.7205 rubles, down 0.18 kopeks from Friday, the Central Bank said.
Russia`s foreign debt down 8.8% to $40.5 bln in 2008
Russia`s foreign debt, including the former Soviet debt, dropped by 8.8% or $3.9 billion year-on-year to $40.5 billion in 2008, the Foreign Ministry said on Friday.
Russia to grant Armenia $500 mln loan - PM Putin
Russia will grant Armenia a $500 million loan following approval by the lower house, the Russian prime minister said Friday.
Russia, Iran to sign 10-year nuclear fuel supply contract
Russia and Iran are planning to sign a nuclear fuel supply contract for a term of at least 10 years, the head of Russia`s nuclear power corporation said on Wednesday.
Russia, Iran to sign 10-year nuclear fuel supply contract
Russia and Iran are planning to sign a nuclear fuel supply contract for a term of at least 10 years, the head of Russia`s nuclear power corporation said on Wednesday.
Gazprom may cut gas to Ukraine over non-payments - newspaper
Russian energy giant Gazprom could cut gas deliveries to Ukraine from March 8 if Naftogaz does not pay for supplies received in February, Russian business daily Kommersant reported on Thursday.
Russia announces completion of Iran`s first nuclear power plant
Russia has completed the construction of Iran`s first nuclear power plant at Bushehr and is launching start-up operations, the head of Russia`s nuclear power corporation said on Wednesday.
Cheap car loans are not for everybody
Putin’s staff introduced a new plan of russian automotive industry reanimation. It has not been very popular with the buyers even before the crisis and now it has nearly stopped the production.
Russia`s Medvedev pledges stable ruble rate amid crisis
Russia`s Central Bank believes the current ruble exchange rate to the U.S. dollar and euro reflects its real market rate and will prevent its sharp fluctuations, Russian President Dmitry Medvedev said Sunday.
Russia`s stock market rallies on Bernanke`s comments
Russia`s two main stock exchanges, MICEX and the RTS, opened on Wednesday with their key indexes going up after comments by U.S. Federal Reserve Chairman Ben Bernanke.
INTERVIEW: No bk liquidity issues, CBR to tighten unsecured lending
Russian banks do not have acute liquidity problems, the Central Bank of Russia`s (CBR) First Deputy Chairman Alexei Ulyukayev said in an interview with Prime-Tass.
Dvorkovich sees growth in some Russian industries soon
Some Russian industries are expected to experience growth in the upcoming months, Arkady Dvorkovich, an assistant to the president, said in an interview with Russian magazine Itogi published Tuesday.
UK Ambassador to Russia Anne Pringle: Investors have immense opportunities in Russia
Anne Pringle, a new British ambassador to Russia, presented her credentials to Russian President Dmitry Medvedev on January 16, thus officially taking the office. Ms. Pringle has been in Russia since October 2008. She talked about preparations for an upcoming G20 financial summit in London in an interview with Interfax special correspondent Olga Golovanova.
UK Ambassador to Russia Anne Pringle: Investors have immense opportunities in Russia
Anne Pringle, a new British ambassador to Russia, presented her credentials to Russian President Dmitry Medvedev on January 16, thus officially taking the office. Ms. Pringle has been in Russia since October 2008. She talked about preparations for an upcoming G20 financial summit in London in an interview with Interfax special correspondent Olga Golovanova.
Crunch makes bankers create new types of deposits
The crunch has influenced relations between financial establishments and their clients. Bank deposits have recently become the most advertised product for people. Even former "monsters" of consumer crediting have become interested in people’s cash resources. Depositors’ money is like an additional "airbag" in case of liquidity crunch. How profitable are bank deposits for ordinary people? Can they become an effective way of saving and multiplying money?
Russian monetary base up $936 mln in week to $104 bln
MOSCOW, February 20 (RIA Novosti) - Russia`s Central Bank said on Friday the country`s narrowly defined money supply (M1) was 3 trillion 741.2 billion rubles ($104 billion at the current exchange rate) as of February 16, up 33.7 billion rubles ($936 million) in the week since February 9.
Russian GDP down by 2.4% in January - economics minister
Russia`s GDP fell by 2.4% and industrial output decreased 3.5% in January, the economic development minister reported on Friday.
Dollar down 1.50 kopeks, euro down 3.33 kopeks - Central Bank
The official dollar rate set by the Russian Central Bank for February 21-24 is 36.0760 rubles, down 1.50 kopeks from Friday, the Central Bank said.
Russian-Iranian trade turnover hits $3.7 bln
TEHRAN, February 20 (RIA Novosti) - Russian-Iranian trade turnover rose to $3.7 billion last year, Russia`s deputy foreign minister said on Friday.
Gazprom Goes Global
With the opening of the first liquefied natural gas, or LNG, plant on Sakhalin Island in Russia`s Far East, Gazprom is staking a bigger claim to world energy dominance - and signaling a shift toward conquering key Asian markets.
Advertisement makes mass media sink
Russian advertising market is declining. Experts say, gross intracompanies turnover has come up to the index numbers of 2001. Market fall has influnced work of dependent branches, particularly mass media.
Russia`s gold output falls 21% in January against December
MOSCOW, February 19 (RIA Novosti) - Russia`s gold production plunged by 21% in January month-on-month and rose 50.7% against January 2008, the country`s statistics body said on Thursday.
Dollar hits record high of 36.43 rubles - Russian Central Bank
MOSCOW, February 18 (RIA Novosti) - The official dollar-ruble exchange rate for February 19 hit a record high of 36.43 rubles, the Russian Central Bank said on Wednesday.
Russia to deliver 4th Tu-204 airplane to Cuba in March
MOSCOW, February 18 (RIA Novosti) - Russia will deliver a fourth Tu-204 medium-haul airplane to Cuba in March, the United Aircraft Corporation said on Wednesday.
Financial crunch makes Russians drink cheap vodka
The biggest alcohol producers face cuts in production. According to Rosstat estimated total, alcohol production reduced in January of this year in two times.