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05.04.2009, 04:17

Crisis-hit town faces hunger and poverty

The residents of Svetlogorye, an industrial town in the Far East of Russia, are learning to cope without money and food. After months of demanding their unpaid salaries many are experiencing misery and unemployment.

16.02.2009, 17:57

Consumer costs to continue growing

Russia is the leader among eleven developed countries in rates of inflation development and final consumption expenditure, according to the Federal Agency of State Statistics Rosstat.

Russian Prime Minister Vladimir Putin (C) tours the BaselCement factory in Pikalevo on June 4, 2009 (AFP Photo / RIA Novosti / Pool / Alexey Nikolsky) 04.06.2009, 19:54 1 comment

Putin takes on desperation of crisis-hit town

Russian Prime Minister Vladimir Putin has rounded on closed enterprise bosses and local officials, demanding that wages be paid out by the end of Thursday. The money is reported to have already been transferred.

18.06.2009, 12:14 3 comments

Latvia lacks money to assess “Soviet damage”

The Latvian commission tasked with calculating what they call “damage from occupation by the Soviet Union” has been disbanded. The government has axed it to save budget money.

AFP Photo / Kazbek Basayev 01.07.2009, 02:43 3 comments

“Reforming army – ‘mission impossible’ during recession”

Russia is trying to upgrade its army to face modern challenges, but due to the ongoing crisis, it’s likely to be a ‘mission impossible’, says Ruslan Pukhov, Director of the Centre for Analysis of Strategies and Technolog

02.07.2009, 09:53 3 comments

Russian Orthodox Church short of cash

Even the House of God is not immune to the global economic crisis. Russian Orthodox Church congregations are lacking money, with major benefactors and large corporations also saving on parish donations.

Workers hold a banner 'no to cancellations, employees of Opel' during a workers meeting at the Opel plant in Bochum November 5, 2009. 05.11.2009, 23:04 1 comment

Opel faces job cuts as GM cancels deal with Canda-Russia

Opel’s German workforce vented its anger at General Motors pulling out of selling the firm to a Russian-financed consortium. “We’ll take into account this style of relationships with partners,” PM Putin said.

27.02.2009, 21:56 2 comments

Crisis far from being over – Putin

Russian Prime Minister Vladimir Putin has warned that the economic crisis has yet to hit bottom. Russia, he said, would have a tough year, but would make it through.

16.06.2009, 16:27 2 comments

“BRIC countries unable to change world economy on their own”

Russia, Brazil, India and China won’t be able to save the world from the financial crisis, but they can help each other to minimize its negative effects, believes political analyst Ivan Safranchuk.

28.07.2009, 20:40 2 comments

Russian unemployed has a young face

A year of the world economic crisis has brought about a profound change in the face of the Russian unemployed – now most of them are young people aged 18 to 30 and only 7% of the unemployed have no education.

Putin stands up for hungry town

Published: 09 April, 2009, 15:11


AFP Photo / Fabrice Coffrini

Russia’s prime minister has harshly criticized the governor of Primorye region, where a tungsten plant hasn’t been paying salaries for months. The governor promised the regional administration will buy the plant.

 
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