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Russia to bridge budget deficit with bond issue

Russia Today : Business: 1 day ago
Russia's budget deficit in January and February reached $6.6 billion, according to the Finance Ministry. The government hopes to limit the annual deficit to about 7% in 2010 and fill the gap between income and spending. ...read article

Russian cash for cars programme roars out of the blocks

Russia Today : Business: 1 day ago
This week saw the start of Russia’s cash for cars programme, aimed at boosting local carmakers and offering car owners the chance to upgrade cheaply. ...read article

India and Russia link up to boost trade

Russia Today : Business: 1 day ago
Like tea and biscuits, different but complimentary. Russia and India stand at the heart of the BRICs, the emerging markets that investors love to love. ...read article

Russia needs Indian investment

Russia Today : Business: 1 day ago
Uralsib Chief Strategist, Chris Weafer, believes that India could provide Russia with much needed investment. ...read article

Avtovaz approves long-term business plan

Russia Today : Business: 2 days ago
Russian car giant, Avtovaz, unveiled its plan to invest $3 billion Euro over the next decade to upgrade production and modernization, reports Vedomosti daily. ...read article

Russia – India PM’s talk on boosting private slice of trade pie

Russia Today : Business: 2 days ago
Prime Minister Putin’s New Delhi visit comes as Russia and India are looking to double bilateral trade, and boost the private sector's role in it. ...read article

Russian economic rebound enters soft patch

Russia Today : Business: 2 days ago
Rising unemployment and weak business activity means Russia's economic recovery is running out of steam, with forecasts being pared back as economists wait for signs of traction. ...read article

Eni chief calls for South Stream and Nabucco to link up

Russia Today : Business: 2 days ago
South Stream and Nabucco, the two major southern European pipeline projects, linking the Caspian region with Europe, should join forces according to Paolo Scaroni, head of Italian energy company, Eni. ...read article

Alfa-Bank reveals names of largest borrowers

Russia Today : Business: 3 days ago
In an anticipation of an upcoming Eurobond issue, Alfa-Bank has disclosed the names of 10 of its largest borrowers who account for nearly a third of the banks loan portfolio, according to Kommersant. ...read article

Car sales slump rolls through into 2010

Russia Today : Business: 3 days ago
Russian car sales have continued to fall sharply over the first 2 months of 2010 according to statistics from the Automakers Committee at the Association of European Businesses ...read article

Russian casino finds neutral ground

Russia Today : Business: 3 days ago
A cruise ship has begun selling tickets in Russia for regular trips from St. Petersburg to Helsinki that will allow the company to get around Russians laws banning gambling on most of its territory. ...read article

Gazprom Neft posts 4Q 2009 net profit of $638 mln

Russia Today : Business: 3 days ago
Gazprom’s oil production arm, Gazprom Neft, has posted a 4Q 2009 net profit of $638 million under US GAAP. ...read article

Megafon posts FY 2009 Net Income of 45.3 billion Roubles

Russia Today : Business: 3 days ago
Russian mobile phone giant, Megafon, has posted a FY 2009 Net Income of 45.3 billion Roubles under US GAAP. ...read article

Customs Union eyes single currency

Russia Today : Business: 3 days ago
Since the launch of the customs union with Belarus and Kazakhstan, Russia has toyed with the idea of taking the common market one step further - with a single currency. ...read article

Nissan to build Murano in Russia in 2011

Russia Today : Business: 3 days ago
Japananese automaker, Nissan, has announced that it will start building its sport utitlity vehicle Murano model in Russia beginning in 2011. ...read article

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