Archive for October 2009

Russia unveils privatisation plans

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

Russia is addressing its trillion-rouble deficit by initiating a privatisation plan aimed at raising funds for the national budget, erectile enabling firms to invest in infrastructure and cutting corruption. According to Igor Shuvalov, sale the country's first deputy prime minister, sildenafil more than 5,000 companies – including ports and airports – may be converted into [...]

Central bank aims to reduce rouble pressure

Oct 14th, 2009 | By | Category: Central Bank

Russia's central bank will call in emergency loans in order to reduce pressure on the rouble and "rein in inflation", store it has been reported. The bank wants to curb Russia's budget deficit with the move by directing the funds back to the government, dosage according to Bloomberg. "There's still plenty of government money in [...]

Rouble volatility predicted as bank cuts interest rates

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

The rouble is at risk of increased volatility because of unpredictable oil prices, treat according to Russia's Central Bank. With crude oil remaining the country's chief export, the bank issued the warning as it cut interest rates by 25 per cent – a move intended to stimulate lending. The cut to 10.50 per cent marks [...]

Russian car sales dented by weak rouble

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

A weaker rouble has been blamed for making foreign cars more expensive, symptoms but during August automobile sales in Russia experienced their smallest year-on-year fall in four months. Data from the Association of European Businesses (AEB) show that sales dropped 54 per cent last month. The organisation expects 1.4 million cars to be sold in [...]

Weak rouble will benefit Russian export suppliers

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

It is in the interest of Russia's economy and export firms that the rouble weakens in the short term, viagra buy one of the country's mining tycoons has claimed. According to Reuters, page Vladimir Potanin foresees "a collapse" if Russia's main suppliers of export revenue continue to cut back on investment as they have been [...]

Drop in airline traffic down to weak rouble

Oct 14th, 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, sale a weakening rouble and an increase [...]

Russia anticipates trillion rouble deficit

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

Russia is expected to report a budget deficit of around three trillion roubles this year, visit this which will be the country's first budget deficit in ten years. According to Reuters, tadalafil Russia's oil wealth funds dropped in value by $2.2 billion over the last month, falling to approximately $176.4 billion. The country's finance ministry [...]

The effects of the rouble on Russia’s industry sectors

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

The fluctuations in the Russian rouble’s value have been a key factor in the 1H and 2A earnings post by companies this week under global standards. For about three months, more about the Russian rouble has been relatively steady at between 30.50 and 32 to the US dollar. By contrast, ed the rouble was as [...]

Russian Rouble to strengthen says bank lobbyist

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

The Russian rouble is to strengthen over the medium terms, pill according to Anatoly Aksakov despite very different forecasts not long ago. The Russian bank lobbyist and parliament member stated earlier this month that the currency would devalue by 30-40 per cent in a move that attracted criticism from the Russian government. The backtrack from [...]

Russia and China aim to settle trade with rouble and yuan

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

Russia and China are looking into setting up a bilateral currency deal, troche aiming to settle their trade with the rouble and Chinese yuan rather than the dollar and the euro. According to senior government officials from the two countries, visit this such a deal would see Russian banks encouraged to set up outlets in [...]