- 20:48 29/01/2012 MOSCOW, January 29 (RIA Novosti)
Greece has rejected suggestions it should cede control over its own budget to an EU outsider, the BBC reported on Sunday.
- 23:19 24/01/2012 MOSCOW, January 24 (RIA Novosti)
The International Monetary Fund (IMF) has cut its world growth projections in an update to its World Economic Outlook, British media reported.
- 15:35 18/01/2012 ATHENS, January 18 (RIA Novosti)
Greece will consider legislation forcing private creditors to take losses on their holdings, if it fails to reach agreement in critical negotiations scheduled to resume on Wednesday, Greek Prime Minister Lucas Papademos said.
- 05:18 18/01/2012 MOSCOW, January 18 (RIA Novosti)
Russia has largely restored its economy after the global financial crisis, Prime Minister Vladimir Putin said.
- 21:14 17/01/2012 MOSCOW, January 17 (RIA Novosti)
Fitch international rating agency revised on Tuesday outlooks for three major Russian companies, including energy giant Gazprom, from positive to stable.
- 03:31 14/01/2012 MOSCOW, January 14 (RIA Novosti)
Bond rating agency Standard & Poor's has downgraded the credit ratings of nine euro zone countries, stripping France and Austria of their top ranking, a move that may complicate the currency union’s efforts to endure a worsening debt crisis.
- 16:22 12/01/2012 MOSCOW, January 12 (RIA Novosti)
The Spanish government sold 9.98 billion euros ($12.7 billion) in government debt on Thursday, more than doubling its target range of 4 billion to 5 billion euros and seeing bond yields fall.
- 15:21 11/01/2012 MOSCOW/ROME, January 11 (RIA Novosti)
Italy’s budget deficit fell to a three-year low of 2.7 percent of GDP in the third quarter of 2011, the national statistics agency Istat reported on Wednesday.
- 22:08 10/01/2012 RIA Novosti political commentator Andrei Fedyashin
The European Union, hobbled by its euro crisis and the debt of its southern members, requires some radical changes if it hopes to survive. The EU needs to undergo either a general or a local fiscal and constitutional surgery. Both options would be very painful, but this is all Brussels can do.
- 16:31 10/01/2012 MOSCOW, January 10 (RIA Novosti)
Commercial banks’ overnight deposits with the European Central Bank have hit a new record high against a background of Europe’s lingering sovereign debt woes and a confidence crisis on the interbank market, ECB data showed on Tuesday.
- 20:17 30/12/2011 RIA Novosti economic commentator Vlad Grinkevich
January 1 will mark ten years of Euro cash. This anniversary will be a sad one; the eurozone is going through tough times. The debt crisis that has swept Greece, Portugal, Italy and Spain threatens to develop into a financial downturn that could trigger a new recession.
- 14:21 22/12/2011 MOSCOW, December 22 (RIA Novosti)
Russia can make it through any new global economic depression without experiencing major difficulties, First Deputy Prime Minister Viktor Zubkov said on Thursday.
- 14:15 22/12/2011 MOSCOW, December 22 (RIA Novosti)
Russia must live within its means amid an approaching global economic crisis, but will honor its social obligations in full, President Dmitry Medvedev said on Thursday.
- 14:58 21/12/2011 MOSCOW, December 21 (RIA Novosti)
Russian banks saw a record $12.3 billion outflow of funds from accounts held by individuals in cross-border transactions in the third quarter of 2011, Kommersant business daily said on Wednesday, citing Central Bank data.
- 04:59 17/12/2011 MOSCOW, December 17 (RIA Novosti)
Moody's Investors Service said on Friday it has downgraded Belgium's local- and foreign-currency government bond ratings by two notches to Aa3 from Aa1 with a negative outlook.
- 18:28 15/12/2011 BRUSSELS, December 15 (RIA Novosti)
Russia will help the European Union overcome its economic problems, President Dmitry Medvedev said on Thursday.
- 18:36 14/12/2011 MOSCOW, December 14 (RIA Novosti)
Russia is open to any requests from the European Union for assistance in fighting Europe’s sovereign debt crisis and is ready to help finance regional anti-crisis measures via the International Monetary Fund, Kremlin aide Sergei Prikhodko said on Wednesday.
- 05:44 08/12/2011 MOSCOW, December 8 (RIA Novosti)
Ratings agency Standard & Poor's said it had put European Union on the list for possible downgrade of its AAA credit rating.
- 17:40 05/12/2011 ROME, December 5 (RIA Novosti)
Italian Prime Minister Mario Monti is to present a new 24-billion-euro ($32billion) new austerity plan to the parliament on Monday in a bid to cut the country’s massive state debt and get the ailing Italian economy back on track.
- 00:54 30/11/2011 RIA Novosti economic commentator Vlad Grinkevich
The euro’s decline may be closer than the eurozone’s authorities think. Jacques Attali, former chairman of the European Bank for Reconstruction and Development (EBRD), said the euro might not survive beyond Christmas.
- 17:03 23/11/2011 MOSCOW, November 23 (RIA Novosti)
The European Commission published on Wednesday a Green Paper on Stability Bonds intended to overcome the euro zone debt crisis and open consultations on the issue.
- 16:02 21/11/2011 BRUSSELS, November 21 (RIA Novosti)
Hungary, whose foreign debt exceeds 75 percent of gross domestic product, asked the European Commission on Monday for possible financial help, the Commission said.
- 19:55 19/11/2011 UFA, November 19 (RIA Novosti)
Russian President Dmitry Medvedev said that Russian economy is more solid than the European one, citing major economic figures.
- 11:56 16/11/2011 MOSCOW, November 16 (RIA Novosti)
Russian stocks continued their slide and the ruble fell against the dollar in early trading on Wednesday as rising yields on Italy's sovereign bonds reflected investors' concerns over the ability of the Italian government to solve its debt problems.
- 22:19 14/11/2011 RIA Novosti political commentator Dmitry Kosyrev
The resignation of Italian Prime Minister Silvio Berlusconi, who said he would step down last week, became effective late Saturday night.
- 12:03 14/11/2011 MOSCOW, November 14 (RIA Novosti)
The Russian ruble strengthened against the U.S. dollar and the euro in early MICEX trade on Monday amid an increase in international oil prices spurred by positive political news from the eurozone.
- 17:18 13/11/2011 MOSCOW, November 13 (RIA Novosti)
Silvio Berlusconi has said he plans to return to the Italian government, a day after he resigned as the country’s prime minister.
- 14:46 13/11/2011 ROME, November 13 (RIA Novosti)
Italy's President Giorgio Napolitano started consultations on Sunday with parliamentary and party leaders to agree on an emergency government after Prime Minister Silvio Berlusconi resigned on Saturday.
- 01:07 13/11/2011
Silvio Berlusconi resigned on Saturday as Italy’s prime minister after Italian MPs voted for an austerity package, aimed to reverse an economic crisis in the country.
- 21:21 12/11/2011 ROME, November 12 (RIA Novosti)
The Italian parliament on Saturday approved the economy stabilization law which clears the way for the formation of the temporary government and resignation of Prime Minister Silvio Berlusconi.
- 19:06 10/11/2011 MOSCOW, November 10 (RIA Novosti)
President of the Spanish Banking Association Miguel Martin called on Thursday on the European Central Bank to continue buying the state debt of the euro zone problem countries, including Spain.
- 16:35 10/11/2011 BRUSSELS, November 10 (RIA Novosti)
The eurozone could slide into recession next year, the European Commission warned on Thursday amid faltering European economic growth and worsening debt problems.
- 13:56 10/11/2011 WASHINGTON, November 10 (RIA Novosti) -
Commissioners in Jefferson County, Alabama's most populous county, have filed for an estimated $4.2 billion bankruptcy, the largest municipal bankruptcy in U.S. history, the local newspaper Birmingham News reported late on Wednesday.
- 11:43 10/11/2011 MOSCOW, November 10 (RIA Novosti)
The Russian ruble slumped against the U.S. dollar and the euro in early MICEX trade on Thursday, following a slide in global oil prices caused by worsening economic problems in the eurozone.
- 22:25 09/11/2011 RIA Novosti economic commentator Vlad Grinkevich
Europe’s economic hot zone may shift to Italy. Pessimistic expectations have already provoked a slump in oil prices. The eurozone can survive a Greek default, but the collapse of an Italian-scale economy will signify the zone's demise and possibly the beginning of a new global crisis.
- 18:05 09/11/2011 MOSCOW, November 9 (RIA Novosti)
The euro fell against the U.S. dollar on Wednesday and European markets slumped with it, amid lingering uncertainties over who will lead a new Greek government and Italian bond yields entering dangerous territory.
- 14:16 09/11/2011 MOSCOW, November 9 (RIA Novosti)
Lawmakers from St. Petersburg have submitted to the State Duma a bill banning hookah smoking in public, the official website of the parliament's lower chamber said on Wednesday.
- 18:55 07/11/2011 MOSCOW, November 7 (RIA Novosti)
The French government announced on Monday new spending cuts and tax hikes to reduce next year's deficit and balance the budget by 2016.
- 18:48 07/11/2011 STRELNA, Russia, November 7 (RIA Novosti)
Russia's decision to help the eurozone states tackle the debt crisis has no link to any energy issues, Russian Prime Minister Vladimir Putin said on Monday.
- 18:09 07/11/2011 MOSCOW, November 7 (RIA Novosti)
The visit by International Monetary Fund chief Christine Lagarde to Moscow may boost Russia's role in international efforts to stabilize global finances and tackle the eurozone debt crisis, analysts said on Monday.
- 23:10 03/11/2011 CANNES, November 3 (RIA Novosti)
Russia's financial aid to the eurozone countries may be defined in the next few hours, Russian President Dmitry Medvedev said on Thursday.
- 18:21 03/11/2011 BRUSSELS, November 3 (RIA Novosti)
The European Central Bank (ECB) hopes the eurozone's gross domestic product will grow in the second half of 2011, jits new President Mario Draghi said on Thursday after the bank unexpectedly cut interest rates by 0.25 percent to 1.25 percent.
- 17:33 03/11/2011 CANNES, November 3 (RIA Novosti)
Russia's President Dmitry Medvedev advised debt-laden countries on Thursday to cut their spending immediately and called on stronger states to support demand in the eurozone, in Russia's first official statement on the European crisis.
- 17:19 03/11/2011 MOSCOW, November 3 (RIA Novosti, Agata Sheremet)
The worsening economic turbulence in Europe threatens to exacerbate Russia's high levels of capital outflow, but is unlikely to cause a full-blown economic crisis, analysts said on Thursday.
- 11:52 02/11/2011
Thousands of protesters converged on the French Riviera on Tuesday, urging the Group of 20 leading economies to focus on spreading global largesse on people instead of saving banks and pleasing financial markets.
- 02:49 29/10/2011 MOSCOW, October 29 (RIA Novosti)
Major European banks have revealed approximate costs of their proposed recapitalization under new European requirements, introduced to secure banks if the debt crisis worsens.
- 12:48 27/10/2011 MOSCOW, October 27 (RIA Novosti)
The Russian government and the Central Bank are better equipped to handle a potential financial crisis today than they were in 2008, Deputy Finance Minister Alexei Savatyugin said on Thursday.
- 20:26 23/10/2011 BRUSSELS, October 23 (RIA Novosti)
EU leaders on Sunday agreed to change the bloc's governing treaty if necessary in the interests of economic convergence and recovery from the present Eurozone crisis, EU President Herman Van Rompuy said.
- 19:42 23/10/2011 MOSCOW, October 23 (RIA Novosti)
EU finance ministers will on Wednesday announce a coordinated scheme to recapitalize Europe's banks, EU President Herman Van Rompuy said.
- 14:11 19/10/2011 MOSCOW, October 19 (RIA Novosti)
Russia's central bank is unlikely to sell 7.6 percent of its controlling stake in the country's top lender Sberbank this year due to unfavorable market trends, Sberbank Deputy Board Chairwoman Bella Zlatkis said on Wednesday.
- 05:43 23/01/2011
Russia could overcome the financial crisis by 2012, a top government official said Saturday.
- 03:43 25/04/2010
Despite multiple positive signs of recovery, many problems in the global economy still require international attention, the International Monetary Fund has said.
- 17:37 16/04/2010
Russians have shown more enthusiasm for savings accounts in 2010 than they did last year, a report published on Friday revealed.
- 18:40 01/02/2010
Russia on Monday rejected claims by former U.S. Treasury secretary Hank Paulson that it had attempted to destabilize the U.S.'s largest mortgage finance institutions.
- 14:43 20/11/2008
Russia's Prime Minister Vladimir Putin addressed a congress of the pro-Kremlin United Russia party on Thursday outlining a number of proposals to tackle the financial crisis in Russia.
- 10:26 15/11/2008
World leaders have gathered in Washington for a crisis summit on ways to tackle the ongoing financial crisis, as well as measures to reform the global economic system.
- 12:07 13/11/2008
Moscow does not expect any major decisions or breakthroughs to emerge from the upcoming U.S. financial summit of G20 leaders, a Kremlin source said on Thursday.
- 09:33 13/11/2008
Venezuelan President Hugo Chavez has admitted for the first time that the South American state could be affected by the global financial crisis, national media said on Thursday.
- 13:02 08/11/2008
The global economy will emerge stronger from the worldwide financial crisis, Russia's finance minister said after talks with counterparts from Brazil, India and China.
- 16:14 02/11/2008
The Russian banking industry has sufficient liquidity for all settlements and crediting, despite the ongoing global financial crisis, First Deputy Prime Minister Igor Shuvalov said on Sunday.
- 17:52 30/10/2008
Russian energy giant Gazprom will meet all its contractual obligations to supply Europe with gas despite difficulties caused by the global crisis, the Russian foreign minister said Thursday.
- 12:53 29/10/2008
The prime ministers of Russia, China, and four Central Asian countries will meet on October 29-30 in Kazakhstan's capital to discuss measures to overcome the ongoing financial crisis, the Kremlin press service said on Wednesday.
- 17:53 27/10/2008
Russian Prime Minister Vladimir Putin spoke out on Monday against the "tempting" policies of "aggressive protectionism" and restricting the movement of capital during the ongoing financial crisis.
- 17:03 26/10/2008
The Russian government must cut budget spending and control foreign borrowings of state companies amid global financial woes and falling oil prices, former prime minister Yegor Gaidar said on Sunday.
- 12:56 26/10/2008
The Russian government is drafting new measures to fight the credit crunch amid the ongoing global financial crisis, First Deputy Prime Minister Igor Shuvalov said on Sunday.
- 11:26 26/10/2008
Britain's Business Secretary Peter Mandelson arrives in Moscow on Sunday to discuss measures to fight the global financial crisis and broader trade with Russia, the U.K. Department for Business, Enterprise and Regulatory Reform said.
- 17:12 25/10/2008
The Russian Central Bank has no plans to widen the ruble's trading corridor against the dollar/euro basket, a top Central Bank official said on Saturday.
- 15:18 25/10/2008
Capital inflow to Russia for the first nine months of 2008 was around $800 million, a top Central Bank official said on Saturday.
- 12:38 25/10/2008
Ordinary Russians will be not be greatly affected by the current global financial crisis, Russia's Deputy Finance Minister has said.
- 17:24 23/10/2008
Syria will host an international conference in Damascus in mid-November to discuss the global financial crisis and its affect on Arab economies, the official SANA news agency said.
- 21:06 21/10/2008
Russia's government will take additional measures to support the country's economy, primarily its non-financial sector, amid the ongoing global credit crunch, a presidential aide said on Tuesday.
- 16:13 21/10/2008
Russian President Dmitry Medvedev said on Tuesday that government measures employed so far to ease the financial crisis are sufficient, but that more steps could be taken in the future.
- 12:12 21/10/2008
The average price of Russia's benchmark Urals blend will not fall below $70 per barrel in 2009 despite the ongoing global financial crisis, Russia's finance minister said on Tuesday.
- 20:45 17/10/2008
The global financial crisis could reach its peak in March-May 2009, a source in the Russian government said on Friday.
- 18:26 15/10/2008
The current global financial crisis is payback for the West's "crimes" and "aggressive" policies, Iran's president said on Wednesday.
- 16:58 15/10/2008
The world's eight largest industrialized nations will gather for an emergency summit later this year to tackle the current global credit crunch, German Chancellor Angela Merkel said on Wednesday.
- 19:32 10/10/2008
U.S. President George Bush pledged on Friday to overcome the current financial crisis, at the same time acknowledging the spiral circle of anxiety and fear feeding a plunge in stock prices.
- 21:12 03/10/2008
A Public Opinion Foundation poll said just 7% of Russians believe that the country's economy is in a healthy state, with 22% of respondents saying the country's financial situation is poor and 57% satisfactory.
- 10:51 02/10/2008
U.S. senators have approved a reworked $700 billion financial bailout package that was sweetened after the House of Representatives rejected the previous version of the plan.
- 19:16 01/10/2008
The United States failed to take adequate steps in response to the global financial crisis, the Russian prime minister said Wednesday.
- 12:28 30/09/2008
The U.S. House of Representatives has rejected a historic $700 billion bailout plan to rescue the country's financial system, sending the stock market into a steep decline and pushing down oil prices.
- 22:01 29/09/2008
The Russian Central Bank will grant state-controlled Vnesheconombank $50 billion from the country's international reserves to support the financial system, a deputy economic development minister said Monday.
- 19:30 29/09/2008
Capital inflow into Russia in 2008 will be less than $30 billion, a government official said Monday.
- 17:44 29/09/2008
Russia's state-controlled Vnesheconombank has offered up to $50 billion to Russian banks and financial companies to help them meet their foreign liabilities, Prime Minister Vladimir Putin said on Monday.
- 12:42 29/09/2008
President George W. Bush has urged U.S. lawmakers to approve an amended $700 billion plan to buy up bad debt from banks to rescue the country's financial system.
- 11:10 26/09/2008
- 15:15 25/09/2008
Sberbank and leading Russian brokerage Troika Dialog both rejected reports on Thursday that the state-run retail savings bank had purchased the investment company.
- 11:04 25/09/2008
Russia's Finance Ministry will hold auctions on September 30 and October 1 offering banks up to 500 billion rubles ($20 billion) in temporarily available budget funds to boost liquidity, the ministry said on Thursday.
- 22:01 24/09/2008
- 12:47 24/09/2008
State-controlled VTB Bank, Russia's second largest bank, is ready to act as a government agent to buy out the stock of struggling Russian companies, the bank's financial director said on Wednesday.
- 12:36 24/09/2008
- 14:35 19/09/2008
- 22:20 18/09/2008
Russia's Finance Ministry does not deem it possible now to use the Reserve Fund or the National Prosperity Fund to support the stock market, Prime Minister Vladimir Putin said at a meeting Thursday.
- 21:17 18/09/2008
The Russian authorities have 500 billion rubles ($19.6 billion) ready to start buying shares of companies, including ones with state ownership, if their undervaluation lasts for an extended period, the finance minister said Thursday.
- 15:46 18/09/2008
- 14:46 17/09/2008
Russia's Finance Ministry announced Wednesday measures to inject liquidity into the banking sector as Russian exchanges suspended trading after stocks plummeted amid an ongoing global credit crisis.
- 10:34 17/09/2008
The UN secretary general has said he is deeply concerned by the negative impact that the U.S. financial crisis could have on the global economy.
- 22:01 16/09/2008
The Russian economy is strong enough to see out the current global financial crisis, the Prime Minister Vladimir Putin said Tuesday.
- 16:35 16/09/2008
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