Topic: Russia

Credit crunch clouds uneven European rebound

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 consumer ...
Russian Railways saw rail freight -- a key barometer for the general health of the economy -- falling 11.3 percent year-on-year in September, the state monopoly said on Friday. That marks a further improvement compared to August and July, when freight fell ...
Russian Prime Minister Vladimir Putin on Tuesday pledged the state's role in the economy would decrease in the coming years, as he laid out ambitious targets for post-crisis Russia.One year after the global financial crisis raised the spectre of the state retaking ...

Russia's Other Natural Resource

Between 2000 and 2008, Russia experienced rapid economic growth catalyzed by strong energy prices and prudent fiscal policies. Some critics of Russia's public policies attributed its economic success to simple luck. However, a more sober and objective assessment would acknowledge that Russia's ...

'No doubt' Russia's recession ending: minister

Russia is clearly emerging from a bitter recession, its finance minister declared Tuesday, even as the latest industrial output data showed the country is still far from a full recovery.One year after the onset of a crisis that hammered Russia's once-booming economy ...
Russian Railways saw rail freight -- a key barometer for the general health of the economy -- fall 12.3 percent year-on-year in August, the state monopoly said on Tuesday. The figures chime in with other indicators suggesting that the worst of Russia's ...
A look at economic developments and activity in major stock markets around the worldA look at economic developments and activity in major stock markets around the world Friday: The previous record was 5.5 percent, last hit in April 2003.Japan's key consumer price ...
Russian construction magnate admits his company has nearly gone bust; stops work on projectsA Russian construction magnate who made headlines for saying that anyone who failed to become a billionaire in Russia is a loser has admitted that his once titanic company ...

Signs of a Lumpy Global Recovery

Globally, the second quarter is a study in contrasts. Latvia's gross domestic product shrank by 19.6% in the second quarter compared to the same period a year ago, the statistics office in Riga estimated on Monday. In the first quarter, Latvia's economy ...
The International Monetary Fund (IMF) has released a World Economic Outlook update with revised 2009/10 output predictions. Recovery expectations have been uniformly lowered for developed countries, and predominately raised for emerging nations (Mexico a notable exception). Clearly emerging countries have generally fared ...