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Category Archives: Russia

Russia jobless down, but economy still limping

March 23, 2010 in Russia by Roy

MOSCOW, March 19 (Reuters) – Nearly 400,000 unemployed Russians found jobs last month, but the economy contracted as investment continued to fall and growth in retail sales and disposable incomes was very slow, data showed on Friday.
Russia’s economy started to recover from its first recession in a decade in the second half of last year, [...]

Russian economy to grow faster than projected in 2010 – ministry

March 23, 2010 in Russia by Roy

Russia’s economy could grow by as much as 4-4.5% in 2010 compared with the government’s forecast of 3-3.5%, an Economic Development Ministry official said on Tuesday.
“Our forecast for 2010 is moderately optimistic. We expect GDP to grow by 3-3.5% in 2010. Added to the third and fourth quarter growth of 2009, this could be as [...]

Russian Inflation Slowed to 9.1% in November as Demand Fell

December 6, 2009 in Russia by Roy

Russia’s inflation rate fell to the lowest level in more than two years last month after the deepest recession on record blunted demand, opening the door to further interest rate cuts from the central bank.
The rate fell to 9.1 percent from 9.7 percent in October, the Moscow-based Federal Statistics Service said in an e-mailed statement [...]

Rampant Theft and Bribery Make It Difficult to Transform Russia’s Economy

November 21, 2009 in Russia by Roy

Russia is the worst country in the world for companies in terms of employee theft and extortion by officials, a PricewaterhouseCoopers LLP survey showed.
Seventy-one percent of domestic and foreign companies in Russia were victims of fraud in the past year, double the rate reported in fellow BRIC countries Brazil, India and China, PwC said in [...]

Russia’s economy sees 13.9% growth in Q3

November 17, 2009 in Russia by Roy

Statistics body Rosstat has today announced that Russia’s economy expanded by 13.9% in the third quarter compared with the second quarter.
However, when compared with the same period a year ago, the Russian economy contracted by 8.9%.
The economy, which is heavily reliant on oil exports, has suffered from a severe downturn but the latest figures show [...]

An emerging markets fund for Russia, India and China

November 3, 2009 in China, Funds, India, Russia by Roy

From the factsheet:
FMG Rising 3 offers investors a unique access to Russia, India and China markets using the multimanager
concept. By investing with a mix of long-only and hedge fund managers, the Fund aims
to participate in the growth story for the next two decades whilst reducing the emerging market
risk.
Rising3 was the first country specific Russia, [...]

EBRD revises down 2009 economic forecasts, sees fragile recovery in 2010

October 15, 2009 in Eastern Europe, Economics, Russia by Roy

The economies of central and eastern Europe are expected to contract by an average of 6.3 per cent in 2009 following steep output declines in the first half of the year. Signs of positive growth in the third quarter of 2009 suggest that the recession is now bottoming out in many countries of the EBRD [...]

A fund for BRIC equity

October 11, 2009 in Brazil, China, Emerging Markets, Funds, India, Russia by Roy

Schroder ISF BRIC USD
The fund aims to provide capital growth primarily through investment in equity securities of Brazilian, Russian, Indian and Chinese companies.
Click for: Factsheet; source.  Morningstar performance (ISIN: LU0228659784)
via: Schroder ISF BRIC (Brazil Russia India China) A Acc – ptassetmgr – Schroders .

Russia Chart – MICEX

October 4, 2009 in Charts, Russia by Roy

The MICEX Index.  NB – currency is RUB.
Click image to view full size or click below for source.
via MICEX / Indices & Market Data / Technical analysis.

Russia Chart (RTSI) – Marketwatch

October 4, 2009 in Charts, Russia by Roy

The ten-year chart of RTSI Index.
Click the image to see full size, or click below for source.
via RTSI Index Charts – Russia Index Charts.

Russian RTS Index shows the fastest growth in the world in 2009

October 4, 2009 in Charts, Russia by Roy

September 30th 2009. The RTS Index, the leading benchmark of the Russian stock market, has doubled in value since the beginning of the year, making it the best performing major world index for the 9 months of 2009, according to MarketWatch, part of The Wall Street Digital Network.
On Tuesday, September 29, 2009 the RTS Index [...]

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