Archive for March 2011

Russian economy needs more skilled engineers

Mar 29th, 2011 | By | Category: Asides

Russia’s chief economic adviser has said that Russia needs more specialist engineers if its ageing industries are to modernise. Arkady Dvorkovich made the comments ahead of President Dmitry Medvedev's trip to the Urals city of Magnitogorsk later this week, adiposity where he will head a meeting about state modernisation. Dvorkovich told a press conference, "We [...]

Russia may delay asset sale

Mar 15th, 2011 | By | Category: Asides

Russia may put a key part of its asset sale initiative on hold as rising oil prices reduce financial pressure on the Russian economy. Russia’s economy minister Elvira Nabiullina said that the planned sale of a 7.6 per cent stake in OAO Sberbank, seek the country’s biggest lender, may be cancelled or delayed. He said [...]

Rouble trading band widened

Mar 8th, 2011 | By | Category: Rouble News

Early last week Russia widened the trading band for the rouble, cost which was followed by a one per cent rise against the dollar the next day. The rouble’s one per cent rise against the dollar marks a nine-month high, although it’s still 20 per cent off 2008’s highest figures. It was the first time [...]

Russia to boost Reserve Fund this year

Mar 1st, 2011 | By | Category: Asides

Russia's Deputy Prime Minister and Minister of Finance, erectile Alexei Kudrin, page has said this week that the Russian Reserve Fund will grow to 1.5 trillion roubles by the end of the year. The Reserve Fund currently stands at 700 billion roubles. Kudrin this week promised that the fund would reach the 1.5 trillion roubles [...]