Archive for April 2009

Moody’s downgrades Moscow Bank for Reconstruction and Development

Apr 28th, 2009 | By | Category: Rouble News

Credit rating agency, Moody’s, has downgraded its score for the Moscow Bank for Reconstruction and Development (MBRD) to a B2, from B1.



Rouble loses value but Central Bank is not worried

Apr 24th, 2009 | By | Category: Rouble News

As stocks and oil prices fell at the beginning of the week, the rouble retreated 2% versus the euro-dollar basket over just two days, but this isn’t enough to worry the Central Bank.



Russian budget deficit may reach 10% says Finance Minister

Apr 21st, 2009 | By | Category: Rouble News

Russian Deputy Finance Minister, Tatyana Nesterenko, has announced that the country’s budget deficit could reach 10% of GDP.



Russian wage arrears reach three year high in March

Apr 17th, 2009 | By | Category: Rouble News

In March 2009, Russian wage arrears rose a further 8.3% to reach a three-year high, according to the Federal Statistics Service.



Transport investment is anti-crisis measure for Russian government

Apr 14th, 2009 | By | Category: Rouble News

Russian Prime Minister, Vladimir Putin, has announced that the level of investment into transport in Russia over 2009 will grow despite the economic slump.



Rouble rises to nine week high on growing oil prices

Apr 7th, 2009 | By | Category: Rouble News

On Monday 6 April, the Russian rouble reached a nine-week high as Urals crude oil prices peaked at US$51.48 per barrel, which is its highest price since November 2008.



Putin bails out Avtovaz with 20 billion rouble package

Apr 3rd, 2009 | By | Category: Rouble News

Avtovaz, the Russian car manufacturer that makes the infamous Lada brand vehicles has been bailed out with a 20 billion rouble rescue package from Prime Minister Vladimir Putin.