07.12.2004 - Belarus posts highest CIS industrial growth in 10 mths
Belarus posted the highest industrial growth, up 16.1% year-on-year, among CIS nations in January-October, the CIS Interstate Statistical Committee said.
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06.12.2004 - Dollar drops to 4-year low
Following the first one and a half hours of trade the weighted average dollar exchange rate with tomorrow settlements reached USD/RUR27.84 at the UTS today.
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06.12.2004 - 214,000 foreign employees allowed to work in Russia
Some 214,000 foreigners will be allowed to arrive in Russia to work here in 2005. According to the press service of the government, Russian Prime Minister Mikhail Fradkov has signed a decree on establishing quotas on foreign employees in Russia in accordance with paragraph 1 of article 18 of the federal law ’On the Legal Status of Foreign Citizens in the Russian Federation.’
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06.12.2004 - The ongoing outflow of capital from Russia is an unmistakable sign of wrong investment decisions taken in the country
The Deputy Minister emphasized the importance of adopting the new law. "Our economy remains highly monopolized, and the situation has changed little since the Soviet era," he added.
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05.12.2004 - No obstacles to develop Russia-India mil tech cooperation
Russian President Vladimir Putin believes that there are no obstacles for further development of Russian-Indian military technical cooperation.
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05.12.2004 - Dollar loses 8 more kopecks Friday
The U.S. dollar resumed its slide against the Russian ruble in trading that began Friday in the absence of the Central Bank, which had bought more than $2 billion the day before. The dollar slipped another 8 kopecks to around 27.925 rubles/$1 by 12:40 p.m. Moscow time.
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04.12.2004 - CIS Statistics Committee reports industrial production data
The average rate of growth in industrial production in the Commonwealth of Independent States (CIS) was 8 percent in January-October, 2004 against the level of industrial production in the corresponding period of 2003, the CIS Intergovernmental Statistics Committee reported. In terms of industrial output growth, Russia was in 7th place in the CIS with a growth rate of 6.2 percent.
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03.12.2004 - Russia’s gold, forex reserves at $117.1 bln on November 26
Russia’s gold and foreign currency reserves were at $117.1 billion on November 26, up from $113.9 billion on November 19, the Central Bank said in a press release Thursday.
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03.12.2004 - Over the period from January to September 2004 Russia’s consolidated budget surplus rose by more than 50%
Over the period from January to September 2004 Russia’s consolidated budget surplus rose by more than 50% and reached 710.3 billion roubles ($1 equals 27.99 roubles). The Federal State Statistics Service (Rosstat) cited the figures in the report it circulated on Thursday.
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03.12.2004 - Talk of revising privatization results in Russia may come as a rude awakening to the business community
Russia’s Audit Chamber has produced a research paper entitled "An Analysis of State Property Privatizations in Russia in 1993-2003". Its authors looked into the way Russian enterprises were privatized and gave the following diagnosis: "flaws in basic legislation, the embryonic state of privatization institutions and procedures, and the virtual absence of external controls all contributed to numerous irregularities in specific privatization cases."
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