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Monday, 08 October 2012 14:31 |
RIA Novosti / Yuri Streletc Russia’s leading car producer Avtovaz almost quadruples its net profit in 1H 2012. However, it was mostly State money and not better production that underpinned the growth.
The net profit of Russia’s leading car manufacturer skyrocketed to $883.9mln during the first six months of 2012, up from $206.5mln r... |
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Monday, 08 October 2012 11:42 |
Russia’s economic growth is set to decline to a 15-year low in 2012. That’s the sobering forecast from the World Bank, who also warn the overdependence on oil could bite even more. After outperforming other regions during the first 3 quarters of 2012 Russia’s economy is now slowing down. It is expected to grow 3.5% this year, down from 4.3% in 2... |
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Monday, 08 October 2012 11:27 |
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Female students of the Moscow State University prepared the most controversial gift to Vladimir Putin in 2010. They produced an erotic calendar, in which the nude girls congratulated their idol with phrases like, "What about a third time," or "The forests are not burning, but I'm on fire." The idea found support among the opposition... |
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Monday, 08 October 2012 10:53 |
AFP Photo / John Macdougall The second stretch of Nord Stream gas pipeline, linking Russia and Germany, was launched on Monday, doubling Nord Stream’s capacity to 55 billion cubic meters (bcm) per year. The first Nord Stream pipeline with an annual capacity of 27.5 bcm began operating in November last year, starting the first direct supplies from ... |
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Friday, 05 October 2012 09:31 |
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Russia may join the ranks of major importers of weapons to Iraq. During the visit of Iraqi Prime Minister al-Maliki's, a contract for $5 billion may be signed for the sale of MiG fighter jets, products of Russian Helicopters, anti-aircraft missile systems, armored vehicles and other weapons to the Middle Eastern country... |
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Thursday, 04 October 2012 20:06 |
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Alexander Fishenko and six others accused of selling microelectronics to be used in Russian weapons systems A Kazakh-born US citizen appeared in court Thursday on charges of illegally smuggling military technology for Russian intelligence. Alexander Fishenko and six others did not enter pleas at an initial hearing in Houston, during which they were... |
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Thursday, 04 October 2012 17:27 |
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Festivities across Russia include a poetry recital, programmes on state TV and a massive birthday card in Siberia Vladimir Putin turns 60 this weekend, but what does one get the man who has everything? On previous birthdays, he has been given tiger cubs and calendars featuring scantily clad women. He has celebrated with his old friends and former... |
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Thursday, 04 October 2012 16:04 |
The Spanish flag and the European flag wave at the Colon square in Madrid, on the eve of the voting of the European Constitution in Spain.
(AFP Photo / Pedro Armestre) Buying Spanish Government debt could soon become more attractive to investors. The Eurozone authorities are mulling insurance for the purchase of the country’s bonds. That’s mainly to... |
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Thursday, 04 October 2012 14:20 |
Finance Minister Pierre Moscovici.(AFP Photo / Bertrand Langlois) The French government is considering easing the tax burden on small business, which has been significantly increased in the 2013 budget, Finance Minister Pierre Moscovici said. "We will probably have to change it," Moscovici told France Inter radio after the country’s entrepreneurs r... |
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Thursday, 04 October 2012 12:15 |
RIA Novosti / Maksim Bogodvid Bank deposit insurance in Russia is to be increased from the current $22,000 to $32,000. Experts are concerned Russians may look for less secure and more profitable investments which could increase the risk to Russian banks. State banking giants, like Sberbank, weren’t at all happy about the idea, as they fear this w... |
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