Rouble News
Mixed outlook for Russian economy
Russia's economic outlook appears somewhat mixed in the closing weeks of 2011 as GDP predictions show impressive improvements, but the global financial climate looks set to hold things back. Third quarter data from the Moscow-based Federal Statistics Service revealed that the economy grew at its fastest pace in more than a year, thanks largely to [...]
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Political turbulence impacts on rouble
Political turbulence is having a negative impact on the value of the Russian rouble, prompting concern among investors. The currency has weakened by three per cent against the dollar since the outbreak of political protests following the disputed parliamentary elections held at the beginning of December 2011. The upheaval has left the rouble in a [...]
Luxury goods are still in demand
The luxury goods market is almost as strong as it was before the recession, with Russia's wealthy leading the way. According to recent reports from consultancy Bain & Co, the global luxury goods market grew by ten per cent to 191 billion euros between 2010 and 2011. In addition to individuals from China and the [...]
Russia ends grain export ban
The ban on exporting grain from Russia has ended, leading the Central Bank to consider a number of options to control the market situation. Russia introduced the ban in August of last year as drought and wildfires resulted in a substantial decrease in the country’s grain yield. To avoid a national shortfall in grain supplies [...]
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