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Russia Investment 2014


Russia needs to work hard to meet tight budget: finance minister

MOSCOW Russia's newly approved budget rests on optimistic GDP forecasts as well as high oil prices, forcing the government to work hard to meet its projected growth rates, Finance Minister Anton Siluanov said.


Russian car market slump to spur dealership mergers

MOSCOW A slump in Russia's auto market will force the country's car dealers to merge to survive the downturn, the founder of major dealership Rolf said in an interview.


Russian banks may get state help from central bank profits: finance minister

MOSCOW Russia's Finance Ministry may support leading banks, including those under Western sanctions, with some of the profits of the central bank next year, as well as by other means, Finance Minister Anton Siluanov said.


Vimpelcom Russia expects to ride out weak economy

MOSCOW Global telecoms group Vimpelcom's Russian business expects resilient consumer spending on mobile services to shield the sector from the country's economic downturn, its top executive told Reuters.

Poland's PGE sticks to EBITDA forecasts, puts focus on margins: CEO

WARSAW Poland's largest utility PGE will meet its targets for core profits in the next five years, the chief executive said, rejecting analysts' predictions that low electricity prices jeopardized that goal.


Russian business fears return to isolation during 'evil empire'

MOSCOW Russian businessmen are backing Vladimir Putin over Ukraine but fear the country is being forced down a path toward less democracy, more central control of the economy and isolation that recalls the Soviet "evil empire".


Russian pipemakers find silver lining in standoff with West

MOSCOW Russian pipemakers are benefiting from the standoff between Russia and the West, receiving multi-billion-rouble orders as work on new pipelines to Europe and Asia is fast-tracked, the owner of trading firm PIT told Reuters.


Russia still on track to achieve low inflation: central banker

MOSCOW Russia's central bank can achieve low inflation despite economic shocks from the Ukraine crisis, the bank's Deputy Governor Ksenia Yudayeva told Reuters on Wednesday.

After euphoria, Russia may face discontent in Crimea

MOSCOW Six months after Crimea voted to become part of Russia, elation could give way to discontent over problems such as power and water shortages, the government official responsible for the region said.

Yuan trading soars as Russia boosts trade with China: exchange

MOSCOW Trading volumes in China's yuan currency have risen almost nine times on the Moscow Exchange this year compared to 2013, its head said, as Russia expands trade with China in response to a chill in relations with the West over Ukraine.


Russia's reputation as reliable trade partner is a key value: minister

MOSCOW Russia, one of the world's largest wheat exporters, will use only state purchases of grain from the domestic market if it needs to regulate its market, Agriculture Minister Nikolai Fyodorov said on Wednesday.