Archive for August 2009

VTB share price increase triggered by strong valuation

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

Following a strong valuation of its share price, unhealthy Russia’s second largest lender, visit web VTB, enjoyed a 5.4 per cent increase in its share price on Tuesday 18 August. The increase in price, to 0.043 roubles per share, came after reports from Reuters that its shares had been independently valued at 0.048 roubles per [...]

Drop in airline traffic down to weak rouble

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

A sharp drop in traffic for Russia's airline industry has been attributed to the weak rouble and rising unemployment. The country's Federal Aviation agency reported this week that there was a fall of 16.5 per cent in traffic during the six months to July. According to economic analysts, thumb a weakening rouble and an increase [...]

Rouble falls to lowest level in five weeks against dollar

Aug 18th, 2009 | By | Category: Rouble News

The Russian Rouble fell 2 per cent to 32.24 per US dollar on Monday 17 August, which is the biggest drop since 10 July.

The Russian economy shows mixed signs

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

The economy in Russia is showing mixed signs, according to Federal State Statistics figures released for the quarter to the end of June 2009.

AvtoVAZ has spent its emergency state loan

Aug 13th, 2009 | By | Category: Rouble News

Russian car manufacturer AvtoVAZ has reported that it has spent almost all of the 33 billion roubles ($1bn) it was given in state loans and bridging loans in order to pay off debts to suppliers.

Fall in Russian rouble

Aug 11th, 2009 | By | Category: Rouble News

Following the announcement by Russia’s central bank that interest rates are to be cut for a fifth time, click the Russian rouble has weakened to 38 versus a euro-dollar basket. This is the lowest point the rouble has fallen to in the last three weeks. Vladimir Osakovsky, approved analyst at Unicredit, case acknowledged that the [...]

Russia’s VTB bank posts huge loss

Aug 4th, 2009 | By | Category: Rouble News

Russia’s second largest bank, VTB, has announced that it made a loss of 20.5 billion roubles in the first quarter.