Economy News

Russia’s currency- and gold reserves up 2.0 billion USD during last week
[22.07.10]
The Central Bank of Russia said on Thursday that the country’s international currency and gold reserves are up 2.0 billion USD or 0.4 percent during last week to a volume of 469.3 billion USD per 16 July 2010.
Several Finnish food brands temporary banned from Russia
[18.7.10]
Russia's Federal Service for Veterinary and Phytosanitary Oversight has introduced a temporary ban on dairy and meat imports from 14 Finnish facilities. The regulator said the ban is expected to take effect from 23 July, according to the specialized website just-food.com.
Minister Nabiulina: Russia`s GDP will rise 4.5 – 5 percent in 2011
[17.7.10]
Next year Russia's GDP growth will be revised upwards to between 4.5% and 5% from 4% now, Economic Development Minister Elvira Nabiulina said Friday citing the latest economic data. This is reported by the Voice of Russia.
Russia’s currency- and gold reserves up 6.5 billion USD during last week
[15.07.10]
The Central Bank of Russia said on Thursday that the country’s international currency and gold reserves are up 0.6 billion USD or 1.4 percent during last week to a volume of 467.3 billion USD per 9 July 2010.
Russian criminals wash money in Finland
[13.07.10]
Russian criminals often use Finland for money laundering, reports the business daily Kauppalehti according to the website of the Finnish broadcasting system YLE. The National Bureau of Investigation is looking into a number of recent cases of suspected money laundering. However Finnish laws on the subject are lax.
China launched a new rating agency – Russia with several EU-countries rated A-, USA rated lower than Germany
[12.07.10]

July 11, 2010, can be a historic day in the world of international financing. Dagong Global Credit Rating Co., Ltd., a professional rating agency of China, released its sovereign credit risk reports of 2010 and for the first time the sovereign credit risk ratings for 50 Countries in Beijing. As a non-western rating agency, this is not only the first one in China, but also the first one in the world, that releases information on sovereign credit risks. Norway is among the countries with top rating AAA, China and Germany belong to the AA+ group, USA and for example France is rated AA while Russia – together with amongst others Spain, Italy, Poland and Brazil is in the A- league.
Russia’s currency- and gold reserves down 0.6 billion USD during last week
[08.07.10]
The Central Bank of Russia said on Thursday that the country’s international currency and gold reserves are down by 0.6 billion USD or 0.15 percent during last week to a volume of 460.8 billion USD per 2 July 2010.
Medvedev orders establishing a working group on creating an international financial centre in Russia
[07.07.10]
Dmitry Medvedev signed an order establishing a working group on creating an international financial centre in Russia. In accordance with the order, the working group will be attached to the Presidential Council for the Financial Market Development and will coordinate creating a financial centre in Russia.
Russian MFA on the Launch of a Global Review Mechanism for Implementation of UN Convention against Corruption
[07.07.10]
The Open-ended Intergovernmental Implementation Review Group of the United Nations Convention against Corruption (CAC) has concluded its work in Vienna. It was attended by prominent anti-corruption experts from more than 100 countries.
Customs Union between Russia, Belarus and Kazakhstan into force 6 July
[06.07.10]

Meetings of the Eurasian Economic Community (EurAsEc) Interstate Council and the Supreme Governing Body of the Customs Union between Russia, Belarus and Kazakhstan have taken place in Kazakhstan.
05-07-2010 New joint customs code for Russia, Belarus and Kazakhstan in force from Tuesday[ more ]
01-07-2010 Russia’s currency- and gold reserves up 2.9 billion USD during last week[ more ]
30-06-2010 Putin: Sukhoi Superjet-100 will be delivered to customers before end this year[ more ]
28-06-2010 Russia to enter the WTO not earlier than spring 2011[ more ]
28-06-2010 Putin: Trade between Russia and Ukraine doubled in first four months[ more ]
24-06-2010 Russia’s currency- and gold reserves up 4.0 billion USD during last week[ more ]
22-06-2010 President Medvedev to promote Russian-US business cooperation[ more ]
18-06-2010 Medvedev has opened Economic Forum in St. Petersburg[ more ]
18-06-2010 Russia’s currency- and gold reserves down 3.7 billion USD during last week[ more ]
10-06-2010 Russia’s currency- and gold reserves up 2.7 billion USD during last week[ more ]
04-06-2010 Medvedev wants to establish international financial centre in Russia[ more ]
03-06-2010 Russia’s currency- and gold reserves up 1.6 billion USD during last week[ more ]
28-05-2010 Bank of Russia`s information notice about monetary base[ more ]
27-05-2010 Russia’s currency- and gold reserves down 4.8 billion USD during last week[ more ]
26-05-2010 Aeroflot has gained full control over Nordavia[ more ]
26-05-2010 Medvedev discussed Russian investment climate and Russia`s innovation potential with heads of US venture capital funds[ more ]
26-05-2010 Record volume in Finnish potato exports to St. Petersburg[ more ]
21-05-2010 Putin: Custom Union of Russia, Belarus and Kazakhstan soon geopolitical reality[ more ]
21-05-2010 Bank of Russia`s information notice about monetary base[ more ]
20-05-2010 Russia’s gold- and currency reserves up 1.5 billion USD during last week[ more ]
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[23.07.2010]
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[22.07.2010]
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