Business

Medvedev orders look at activity of Russian state-run businesses

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Medvedev orders look at activity of Russian state-run businesses

17:59 07/08/2009

Russian President Dmitry Medvedev has ordered two top officials to conduct a thorough review of the activity of state-run corporations, the presidential press service said on Friday.

Transneft's net profit down 17.3% to $615.78 mln in 1Q09
17:07 07/08/2009
Russia's Transneft posted on Friday a 17.3% drop year-on-year in its net profit calculated to International Financial Reporting Standards to 19.2 billion rubles ($615.8 mln) in the first quarter of 2009.
VSMPO-AVISMA's net profit down 5% to $54.5 mln in 1H09
15:59 07/08/2009
Russian titanium producer VSMPO-Avisma posted on Friday a 5% drop year-on-year in its net profit calculated to Russian Accounting Standards to 1.7 billion rubles ($54.5 mln) in the first half of 2009.
Dollar up 37 kopeks, euro up 37 kopecks - Central Bank
13:22 07/08/2009
The official dollar rate set by the Russian Central Bank for August 8 is 31.55 rubles, up 37 kopeks, the Central Bank said

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Vladimir Putin

Putin Sets Out Blueprint for Russian Business

Prime Minister Vladimir Putin set out his agenda for the future of Russian business on Thursday at a meeting with entrepreneurs, promising less regulation and taxes and asking business to help plan its future.

Greece Agrees to Fresh Austerity Measures

Greece Agrees to Fresh Austerity Measures

Greek political leaders have finally struck a deal on new austerity measures demanded by creditors to secure a 130-billion euro bailout to avoid default and keep the country afloat, local media reported on Thursday.

The State Duma will invite political parties that have no parliamentary representation to discuss reform of the country’s political system

Duma Calls in Unofficial Parties for Reform Debate Feb 28

The State Duma will invite political parties that have no parliamentary representation to discuss reform of the country’s political system on February 28, Oleg Morozov, deputy speaker of the lower house of parliament, said on Thursday.

Mikhail Gorbachev

Gorbachev May Join Protest Group

Ex-Soviet President Mikhail Gorbachev is welcome to join but not head the grassroots protest group League of Voters, the organization’s founders said.

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