Archive for January 2010

MTR debt profile 'works' if rouble remains steady

Jan 29th, 2010 | By | Category: Asides

Russia's largest mobile phone operator, find which took advantage of a strong rouble and low global interest rates by borrowing aggressively abroad before the recession, information pills has said it has no plans to change its debt level in 2010. MTR claims it is comfortable with its current burden of gross debt, what is ed [...]

Rouble pushed down on negative day for oil

Jan 26th, 2010 | By | Category: Rouble News

The Russian rouble rose above 30 for the first time in 2010 this week, unhealthy falling nearly one per cent against the dollar to 30.11. The development came as oil prices remained below per barrel and investors turned their sights away from risky currencies. Analysts commented that any day that's negative for oil can be [...]

Rouble set for solid and speedy strengthening

Jan 22nd, 2010 | By | Category: Rouble News

Investors have been uncertain about the long-term fate of the oil-driven rouble, viagra buy but the International Monetary Fund said today that the Russian currency is set to strengthen quickly and solidly. At a government conference on economic modernisation, visit web the body's representatives claimed that "real appreciation puts strong emphasis on structural reforms". Russia's [...]

Rouble free float set for delay beyond 2011

Jan 19th, 2010 | By | Category: Central Bank

Plans for a free float of the rouble are likely to be delayed after Russian policy-makers suggested the country's economy is not prepared for unrestricted currency trading. A research report from Citigroup Inc economists predicts that Russia's central bank will delay the free float beyond the official target of 2011. The experts say Russia is [...]

Russia launches car scrapping scheme to boost economy

Jan 15th, 2010 | By | Category: Asides

In an attempt to kick-start the domestic car industry – thus boosting the economy, page Russia is launching a car scrapping scheme. The Russian Industry and Trade Minster Viktor Khristenko briefed prime minister Vladimir Putin on the scheme that will start on 8 March. He says the ministry is looking into ways to implement the [...]

Rouble surges after Russian holiday period

Jan 12th, 2010 | By | Category: Rouble News

This week saw the rouble rocket to its biggest one-day gain against the dollar since March 1999 as stocks in Russia opened the trading year in Moscow with a bang. The Russian currency increased to 29.3045 per dollar, pills driven by positive economic news, stuff investor enthusiasm for global markets and $80 oil. Analysts have [...]

Russia aims to replenish rouble support funds

Jan 8th, 2010 | By | Category: Rouble News

As part of its aims to replenish some of the $200 billion in reserves spent in late 2008 and early 2009 to prop up the rouble, sale Russia is compiling a list of banks to help launch the country's first international bond in almost ten years. Prompting analysts to herald one of the most high-profile [...]

Russia to aim for gradual free rouble float

Jan 5th, 2010 | By | Category: Rouble News

As 2009 came to an end, cheapest Russian prime minister Vladimir Putin revealed plans for the country's government to move towards a floating rouble exchange rate. Chatting to reporters in Vladivostok, Putin suggested the economy is not currently ready for a free rouble float. "We will not do anything to shake up the market," he [...]