|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Thursday 18th of March 2010

News Tag: Russia

February 1, 2010

Russia’s economy contracts 7.9% in 2009

by Kay Murchie
...



November 24, 2009

Russia cuts interest rates to record low of 9%

by Kay Murchie
”Russia
Bank Rossii, Russia’s central bank, has cut interest rates by 50 basis points to 9% - a record low and the ninth time rates have been cut since April in bid to boost demand. Russia’s economy, which is heavily reliant on oil exports, has suffered from a severe downturn but the economy appears to now be on the road ...



November 12, 2009

Russia’s economy sees 13.9% growth in Q3

by Kay Murchie
”Russia’s
Statistics body Rosstat has today announced that Russia's economy expanded by 13.9% in the third quarter compared with the second quarter. However, when compared with the same period a year ago, the Russian economy contracted by 8.9%. The economy, which is heavily reliant on oil exports, has suffered from a severe downturn but the latest figures show that Russia is on ...



October 12, 2009

Russian economy hit by drop in energy prices

by Kay Murchie
”Russian
The Russian economy, which is heavily dependant on oil exports, is forecasted to contract by 7.5% in 2009, according to President Dmitry Medvedev. The latest official figures suggest that the Russian economy declined 10.2% in the year to August, compared with the same period a year earlier. The economy has been hit hard by the sharp fall in energy prices and ...



April 25, 2009

Russian central bank cuts interest rates by 0.5%

by Peter Charalambous
”Russian
Analysts have suggested that the central bank of Russia has cut interest rates by 0.5 percent following pressure from Prime Minister Vladimir Putin, since the reduction came a day after Putin met business leaders who called for a reduction in lending rates. The key refinancing rate fell to 12.5 percent and the government has given assurances that inflation has been ...



February 16, 2009

Russia’s billionaires hit by financial crisis

by Kay Murchie
”Russia’s
According to Russian business magazine Finans, Russia’s super rich have been severely hit by the global economic downturn. The magazine revealed that the number of billionaires in the country halved from 101 in 2008 to 49 in 2009. Forty-three year old technology and mining tycoon, Mikhail Prokhorov, is at the top of the list with a fortune of $14 billion (£9.8 billion), down ...