News Tag: Russia
November 24, 2009
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 ...
Russia cuts interest rates to record low of 9%
by Kay Murchie
November 12, 2009
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 ...
Russia’s economy sees 13.9% growth in Q3
by Kay Murchie
October 12, 2009
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 ...
Russian economy hit by drop in energy prices
by Kay Murchie
April 25, 2009
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 ...
Russian central bank cuts interest rates by 0.5%
by Peter Charalambous
February 16, 2009
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 ...
Russia’s billionaires hit by financial crisis
by Kay Murchie
