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06.06.2009, 09:14 1 comment

Wheat from chaff – first World Grain Forum opens in St. Petersburg

The financial crisis will loom large at the first World Grain Forum opening in St. Petersburg, Saturday. Participants from 40 countries are gathering to discuss how to ensure food security amid the crisis.

01.07.2009, 17:29 1 comment

“Gambling industry still has future… unfortunately” – analyst

Despite the crisis that made transfer of the gambling industry to four far-flung areas problematic, “gambling won’t disappear so easily,” Boris Kagarlitsky of the Institute for Globalization Studies in Moscow told RT.

27.08.2009, 15:47 1 comment

“Russia unlikely to give Belarus $500 million”

Chances of Russian loaning $500 million to Belarus are low, as the countries appear to be moving in different directions, says Kirill Koktysh from the Moscow State Institute of Foreign Affairs.

Painting by Dave Calver 18.02.2009, 20:02

Number of jobless surges

Since September 2008, the number of unemployed in Russia has jumped by 1,100,000 according to Tatyana Golikova, the Minister of Public Health and Social Development.

22.05.2009, 09:52

Entire town trapped in crisis

Jobless residents of a city in Russia's northwest, all three plants of which were shut down due to the crisis crunch, have been protesting, demanding an immediate solution to the situation.

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

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.

25.06.2009, 20:42 7 comments

Is California going bankrupt?

California, America’s most populous state, has a projected $24.3 billion budget deficit for the coming year, and may start issuing IOUs starting next week.

04.07.2009, 10:03 7 comments

A false dawn for the dollar

The US administration has been saying it sees the first green shoots of economic recovery. However consumer spending remains low in America, and some experts argue the signs are misleading.

Unemployment rate reaches two million

Published: 14 April, 2009, 18:13


The official number of unemployed in Russia has surpassed two million, and most major Russian industries have been unable to escape the global economic downturn.

 
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