Topic: Russia
Russia's economy grew 4.5 percent in the first quarter of 2010 compared to the same period last year, official figures showed on Wednesday. Growth picked up in March when gross domestic product (GDP) rose 4.9 percent compared to March 2009, the economic ...
The World Bank on Wednesday said Russia's economy would see a "robust" recovery in 2010, hiking its growth forecast to up to 5.5 percent but warned the rebound would be tainted by high unemployment. "Russia is likely to witness a robust but ...
Pawnshops in Russia replace banks for many businessmen amid credit crunchDuring the depth of the credit crisis in Russia last year, when banks were charging exorbitant interest rates for loans, some businessmen raised cash by less conventional means — pawnshops. With interest ...
Car sales in Russia halved in 2009 as lending dried up and ruble fellRussian car sales halved in 2009, the sharpest decline of any major market, and are expected to remain flat this year, a leading business association said Thursday. Russia's car ...
Foreign direct investment (FDI) in Russia almost halved in the first nine months of the year, the statistics office said on Friday, as the economic crisis reduced the country's appeal for investors. FDI from January-September amounted to 9.98 billion dollars, down 48.1 ...
Russia is out of recession and its economy will grow by two percent in the fourth quarter owing to a rise in oil prices, Finance Minister Alexei Kudrin was quoted as saying on Saturday. "We now see that the Russian economy is ...
Russian President Medvedev says economy hit harder than expected by crisisRussian President Dmitry Medvedev said Sunday that Russia's economy was hit harder than expected by the global financial crisis, but Kremlin measures helped the country avoid the worst-case scenario. Russia's gross domestic ...
NEW YORK (Reuters) - Global pharmaceutical sales are proving more resistant than expected to the economic slowdown, helped by surprising strength in the United States, according to a report by the leading tracker of prescription drug data. While growth through 2013 is ...
Russia must move beyond its "fatal" dependence on oil exports and reorient its economy around high-tech and innovation, President Dmitry Medvedev said on Tuesday. "Our post-crisis economy should be based on knowledge and innovative technologies, not on Russia's potential in raw materials, ...
European economies are shaking off recession but analysts warn the pace of recovery could vary greatly from country to country, revealing a North-South divide, and could be undone by a squeeze on credit. Economists show near unanimity that official stimulus measures, renewed ...