Central Bank

Plans to float the rouble to go ahead

Jun 18th, 2014 | By | Category: Central Bank

Russia’s central bank has offered further indications that it is going to float the rouble at the beginning of next year. Confidence in the Russian economy has stabilised recently in the aftermath of Western sanctions placed on the country over its involvement in the Ukraine crisis. Yesterday (17 June), viagra the central bank revealed that [...]

Russian economy suffering from ongoing conflict in Ukraine

May 7th, 2014 | By | Category: Central Bank

Vladimir Putin’s war against Ukraine is already showing signs of damaging the Russian economy, more about experts have warned. Russia has witnessed a $50 billion capital flight in the first quarter of the year, page something the Kyiv Post is attributing to the political and military efforts over the Crimea crisis. Furthermore, as western democracies [...]

Russian firms taking cautious approach to investment

Sep 3rd, 2013 | By | Category: Central Bank

Russian firms are showing some cautious signs of reigniting investment, viagra buy with reports coming through suggesting that targeted investment is receiving more and more attention. The 2013 American Express/CFO Global Business and Spending Monitor was released in Russia last month. Ahead of the release, Vladimir Salakhutdinov, country manager for American Express Russia, told The [...]

Russia would welcome weaker rouble

Jun 19th, 2013 | By | Category: Central Bank

Russia would welcome a weakening of the rouble, medicine so long as the drop in the exchange rate is market driven. This is the view expressed by the country's Finance Minister Anton Siluanov in discussions with Reuters. He added that the drop in the currency value would help to boost the competitiveness of Russia's export [...]

Russia considers offshore zone

May 2nd, 2013 | By | Category: Central Bank

Russia is considering the creation of an offshore zone within its borders in an attempt to boost the inflow of overseas capital. Igor Shuvalov, pill the country's deputy prime minister, has put forward the suggestion, which would effectively create a domestic offshore bank. Shuvalov has been in discussions with the Russian Central Bank and the [...]

Russia 'keen to avoid currency devaluation'

Feb 13th, 2013 | By | Category: Central Bank

The central bank of Russia has stated that it is keen to avoid currency devaluations and trade protectionism within the G20 group of nations. Speaking at this week's meeting of the G20 finance officials in Moscow, ask first deputy chairman Alexei Ulyukayev said that he would like to see countries take joint action in order [...]

Private yacht is top symbol of luxury in Russia

May 3rd, 2012 | By | Category: Central Bank

The top level of Russian society is renowned for its expensive taste in luxury items. But now a research project has revealed just what Russians deem to be the most important symbols of luxury. Conducted by sociologists at the Romir research centre, the study found that a private yacht was seen as the main symbol [...]

Russian elections bring change for investors

Mar 8th, 2012 | By | Category: Central Bank

It came as little surprise when Vladimir Putin took the presidency of Russia in this week's elections, more about but the markets' response has been somewhat less predictable. Immediately following the result, it appeared that investors were reassured by the stability that Putin is expected to help continue to develop. Anton Danilov-Daniliyan, expert council chairman [...]

Russian economy exceeds growth expectations

Jan 31st, 2012 | By | Category: Central Bank

The Russian economy has flown in the face of tepid growth predictions, malady beating forecasts for 2011 by as much as 0.2 per cent. As the world struggles to return to a steady level of development, price the global powerhouses of the start of the century are being overtaken by developing economies, such as that [...]

Russia ends grain export ban

Jul 1st, 2011 | By | Category: Central Bank

The ban on exporting grain from Russia has ended, ambulance leading the Central Bank to consider a number of options to control the market situation. Russia introduced the ban in August of last year as drought and wildfires resulted in a substantial decrease in the country’s grain yield. To avoid a national shortfall in grain [...]