http://mosnews.com/ Money en site@mosnews.com DJEM RSS 10 http://mosnews.com/money/2009/07/30/cubanoil/ http://mosnews.com/money/2009/07/30/cubanoil/ http://mosnews.com/money/2009/07/30/cubanoil#comments Russia and Cuba have signed agreements to search for oil in the Gulf of Mexico. Moscow has also extended the island $150 million in credit for construction materials and farm machinery. Thu, 30 Jul 2009 10:45:50 +0300 http://mosnews.com/money/2009/07/29/rucustomsdollars/ http://mosnews.com/money/2009/07/29/rucustomsdollars/ http://mosnews.com/money/2009/07/29/rucustomsdollars#comments The Russian customs service is proposing new rules to gather information about large amounts of cash brought into the country. Wed, 29 Jul 2009 16:09:24 +0300 http://mosnews.com/money/2009/07/29/airpassengers/ http://mosnews.com/money/2009/07/29/airpassengers/ http://mosnews.com/money/2009/07/29/airpassengers#comments Russia's airline industry saw passenger numbers slump by nearly a fifth in the first six months of 2009, although the depth of the slowdown eased in June. Wed, 29 Jul 2009 15:17:05 +0300 http://mosnews.com/money/2009/07/29/imfukraine/ http://mosnews.com/money/2009/07/29/imfukraine/ http://mosnews.com/money/2009/07/29/imfukraine#comments The International Monetary Fund has approved the release of a $3.3 billion loan installment to Ukraine, bringing the total extended so far to about $10.9 billion. Wed, 29 Jul 2009 11:47:44 +0300 http://mosnews.com/money/2009/07/29/avtovazcuts/ http://mosnews.com/money/2009/07/29/avtovazcuts/ http://mosnews.com/money/2009/07/29/avtovazcuts#comments AvtoVAZ vice president Igor Komarov has denied reports that job cuts were announced at an AvtoVAZ suppliers' meeting and has reaffirmed its commitment to preserving its workforce. Wed, 29 Jul 2009 11:15:34 +0300 http://mosnews.com/money/2009/07/29/telenorblock/ http://mosnews.com/money/2009/07/29/telenorblock/ http://mosnews.com/money/2009/07/29/telenorblock#comments A Moscow court has refused to block the sale of Telenor's stake in Russia's second largest mobile phone company VimpelCom, paving the way for the Norwegian company to lose its Russian asset. Wed, 29 Jul 2009 10:39:04 +0300 http://mosnews.com/money/2009/07/28/avtowoes/ http://mosnews.com/money/2009/07/28/avtowoes/ http://mosnews.com/money/2009/07/28/avtowoes#comments Falling auto sales in Russia are being felt close to home for workers at AvtoVAZ, Russia's biggest carmaker. Tue, 28 Jul 2009 18:27:38 +0300 http://mosnews.com/money/2009/07/28/tnkbpprofit/ http://mosnews.com/money/2009/07/28/tnkbpprofit/ http://mosnews.com/money/2009/07/28/tnkbpprofit#comments TNK-BP International, Russia's third-largest oil producer, announced Tuesday that net profit had more than halved to $2.01 billion in the first half of 2009, from $4.7 billion a year ago, due to cheaper oil prices. Tue, 28 Jul 2009 12:08:42 +0300 http://mosnews.com/money/2009/07/24/blackseahiway/ http://mosnews.com/money/2009/07/24/blackseahiway/ http://mosnews.com/money/2009/07/24/blackseahiway#comments Russia has approved the plan it proposed two years ago to link the cities on the Black Sea with a ring highway. Fri, 24 Jul 2009 15:27:59 +0300 http://mosnews.com/money/2009/07/23/paycall/ http://mosnews.com/money/2009/07/23/paycall/ http://mosnews.com/money/2009/07/23/paycall#comments The growth of the Internet telephone service has not gone unnoticed by the business community. Russia's most powerful business organization would like to see Russia become the world's first country to regulate that market. Thu, 23 Jul 2009 17:28:44 +0300 http://mosnews.com/money/2009/07/23/putinloans/ http://mosnews.com/money/2009/07/23/putinloans/ http://mosnews.com/money/2009/07/23/putinloans#comments Prime Minister Vladimir Putin on Wednesday ordered banks to issue more loans at lower rates to get the economy out of recession, but the country's biggest lender said such cheap credit was unrealistic. Thu, 23 Jul 2009 11:02:05 +0300 http://mosnews.com/money/2009/07/23/quarternuke/ http://mosnews.com/money/2009/07/23/quarternuke/ http://mosnews.com/money/2009/07/23/quarternuke#comments Russian President Dmitry Medvedev says Russia should hold a quarter of the international nuclear energy market, as he announced an ambitious development program. Thu, 23 Jul 2009 10:20:21 +0300 http://mosnews.com/money/2009/07/22/baselfined/ http://mosnews.com/money/2009/07/22/baselfined/ http://mosnews.com/money/2009/07/22/baselfined#comments A factory owned by embattled Russian oligarch Oleg Deripaska, and which has been at the center of social unrest for several weeks has been fined several million dollars. Wed, 22 Jul 2009 10:51:29 +0300 http://mosnews.com/money/2009/07/21/rucarslump/ http://mosnews.com/money/2009/07/21/rucarslump/ http://mosnews.com/money/2009/07/21/rucarslump#comments Russia has not lived up to earlier expectations that it would become Europe's largest auto market this year - one more way in which the global economic crisis is being felt. Tue, 21 Jul 2009 15:23:49 +0300 http://mosnews.com/money/2009/07/21/bigmacruble/ http://mosnews.com/money/2009/07/21/bigmacruble/ http://mosnews.com/money/2009/07/21/bigmacruble#comments According to a recent report in The Ecomomist magazine, the famous Big Mac Index rates the Russian ruble as 43% undervalued. A Big Mac in the US now costs $3.57. On a comparative basis in Russia you fork out $2.04. Tue, 21 Jul 2009 12:22:07 +0300 http://mosnews.com/money/2009/07/21/rublegrows/ http://mosnews.com/money/2009/07/21/rublegrows/ http://mosnews.com/money/2009/07/21/rublegrows#comments The ruble has gained the most against the dollar in a decade as oil above $64 a barrel spurred optimism the world’s biggest energy exporter will benefit from a global economic recovery. Tue, 21 Jul 2009 10:41:37 +0300 http://mosnews.com/money/2009/07/20/rulaundering/ http://mosnews.com/money/2009/07/20/rulaundering/ http://mosnews.com/money/2009/07/20/rulaundering#comments More money is leaving Russia to avoid taxation and more business loans are being made with illegally obtained funds, the Russian financial watchdog reports. Mon, 20 Jul 2009 15:21:09 +0300 http://mosnews.com/money/2009/07/17/rbcsqueeze/ http://mosnews.com/money/2009/07/17/rbcsqueeze/ http://mosnews.com/money/2009/07/17/rbcsqueeze#comments A Moscow arbitration court has frozen the assets of Russian news agency RBC at the request of a minority stockholder. The company's financial future is at stake, but its operations will continue as before. Fri, 17 Jul 2009 18:07:10 +0300 http://mosnews.com/money/2009/07/17/rusbizcrackdown/ http://mosnews.com/money/2009/07/17/rusbizcrackdown/ http://mosnews.com/money/2009/07/17/rusbizcrackdown#comments Unfair bsuiness practices will be punished more severely now in Russia, sometimes even with prison sentences, under a law passed today. Fri, 17 Jul 2009 15:15:51 +0300 http://mosnews.com/money/2009/07/17/turksign/ http://mosnews.com/money/2009/07/17/turksign/ http://mosnews.com/money/2009/07/17/turksign#comments Gas-rich Turkmenistan has signed an agreement to be one of the suppliers to the Nabucco pipeline, which is to transport gas from the Caspian Sea to Europe and bypass Russia. Fri, 17 Jul 2009 13:01:02 +0300