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.
Europe to remain Gazprom`s main market in mid term - CEO
YUZHNO-SAKHALINSK, February 18 (RIA Novosti) - Gazprom is continuing to regard Europe as its main natural gas market in the mid term, the CEO of the Russian energy giant said on Wednesday.
EU court partially accepts Yukos claim against Russian govt.
MOSCOW, February 18 (RIA Novosti) - The Strasbourg-based European Court of Human Rights has ruled that a claim against the Russian government filed by the liquidated oil firm Yukos is partially acceptable, a business paper reported on Wednesday.
Russia unveils its first LNG plant in Sakhalin-2
PRIGORODNY (Sakhalin), February 18 (RIA Novosti) - Russia unveiled its first liquefied natural gas (LNG) plant in Sakhalin on Wednesday opening up new energy markets in the Asia-Pacific region.
Non-state Pension Funds are waiting for help from government
Financial crunch puts the brakes on the development of the pension reform in Russia. Non-state pension funds also suffered from the crunch. The companies lost up to 40% of their income last year because of the stock market downfall.
Russia`s stock market extends losses on negative economic data
MOSCOW, February 17 (RIA Novosti) - Russia`s two main stock exchanges, MICEX and the RTS, opened lower on Tuesday following negative macroeconomic data published by the country`s top statistics body.
Can a baby save from crisis?
Over 90,000 of Russians turned to the Pension Fund affiliates asking to pay for mortgage loan with their maternity capital. Specialists predict growth of such compellations in the near future.
Crisis won`t scare away Russians from credit cards
Russians’ debts owed to the banks are increasing. More than 1\4 of them are for credit cards. It is not a perspective credit activity anymore, but a delay action mine.
How low can the rouble go?
The rouble this week was hovering close to the Central Bank`s latest line in the sand, 41 to the dollar, after the government has spent some $200 billion - one third of its international reserves - in managing the currency`s decline against the dollar/euro basket in the last six months.
Russia, India may form military transport planes JV in 2-3 months
BANGALORE (India), February 12 (RIA Novosti) - Russia and India could set up a joint venture to produce medium-lift military transport planes in the next two or three months, the United Aircraft Corporation chief executive said on Thursday.
Russian investigator accuses deputy finance ministers of fraud
MOSCOW, February 12 (RIA Novosti) - Russia`s top investigator accused on Thursday the country`s current and former deputy finance ministers of being behind schemes to embezzle huge amounts of state funds.