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Latest Russia & CIS Economy News

  • HP and Foxconn Expand PC Business in Russia 16 May 2008 10:10 GMT
    ... for the production of HP PCs in Russia in connection with a joint venture agreement to ... in Russia." HP's presence in the Russian economy and region began almost 40 years ago ... years ago with the opening of its Moscow office. Today, HP is leading the IT market ...

  • Big tech: A shelter in the storm 16 May 2008 10:10 GMT
    ... Magazine) -- Technology is different. Despite pervasive economic uncertainty, that's the message that many of ... Palmisano late last year announced intentions to invest $1.6 billion in 50 developing countries, and ... developing countries, and that's not including Brazil, Russia, India, and China. Though Google's U.S. growth ...

  • UPDATE 1-Charter ups 2008 outlook on strong trading 16 May 2008 09:16 GMT
    ... 1,040 pence and repeated their "buy" recommendation. "Investors need international growth stories to hedge the ... is seeing exceptional growth in BRIC (Brazil, Russia, India, China) economies, accompanied by upside from the energy and ...

  • Interpol supports Colombia 16 May 2008 08:16 GMT
    ... a confidential report for use in criminal investigations. The 39-page public forensic report by the ... to the rebels and help them get Russian weapons and possibly surface-to-air missiles. Some U.S. ... terrorism. Inclusion on the list could prompt economic sanctions against Venezuela, a key U.S. oil ...

  • Matrade's Trade Promotion Programmes Record Sales Of RM302.54 Mln In 2007 And Q1'08 16 May 2008 08:16 GMT
    ... year. In response to the projected global economic slowdown, Wong said Matrade would increase the ... to include the European countries such as Russia, Ukraine, Kazakhstan, Uzbekistan, Africa, Angola and Nigeria. She ...

  • Ukraine became 152nd member of WTO 16 May 2008 08:15 GMT
    ... The FINANCIAL -- On May 16 of the year ... into force on May 16. Ministry of Economics, by estimates of experts, ’s joining WTO ... expected in agriculture, chemical industry and metallurgy. Ukraine began the process of joining WTO as ...

  • Namibia Suicide Statistics Worrisome 16 May 2008 08:15 GMT
    ... has the highest suicide rate followed by Russia. Dr Shaun Whittaker, a Clinical Psychologist is, ... the suicidal increase is caused by the socio-economic situation in Namibia. Moreover Namibia is a ... added. Reasons for most suicide cases are unemployment and alcohol abuse. Interestingly, being single is ...

  • Averion Reports 2008 First Quarter Financial Results 16 May 2008 08:15 GMT
    ... France, the Netherlands, the United Kingdom, Poland, Russia, Israel, Germany, Austria, and Ukraine. We have additional operations in the Czech ... exposure to exchange rate fluctuations and international economic, political and other risks; our ability to ...

  • 13th Russian economic forum opens in Yekaterinburg 16 May 2008 08:10 GMT
    ... YEKATERINBURG, May 16 (Itar-Tass) -- The 13th economic forum, which opened in Yekaterinburg on Friday, ... key factor of stable economic development of Russia.” Representatives of the Russian Federal Assembly, the ... Viktor Koksharov, “business schools exist only in Moscow and St. Petersburg, while this very important direction ...

  • WTO in Ukraine ~ government optimistic, experts less so - Feature 16 May 2008 08:09 GMT
    ... Kiev - World Trade Organization regulations on reduced tariffs and ... and increased competition went into effect in Ukraine on Friday, extending a ray of hope ... Kiev's accession to the WTO. "These are (economic) results that no one can oppose," Yushchenko ...

  • Picks and pans in resource sector 16 May 2008 08:07 GMT
    ... It is tougher to find names to invest in in that area. An oil and ... horizontal technology has really enhanced the overall economics of the wells. A smaller natural gas ... If China keeps growing, then India and Russia come along and the United States recovers, then ...

  • Bush seeking Saudis' help on oil prices 16 May 2008 08:00 GMT
    ... million bpd by 2010. "They've not only invested tens of millions of dollars to increase ... of production offline because of civil strife. Russia is the world's second-largest oil producer and exporter, ... the definitive account of oil's rise to economic importance. "I think if the Mexican industry ...

  • Equest Inv Balkans - Preliminary Results 16 May 2008 07:17 GMT
    ... > > > Equest Inv Balkans - Preliminary Results RNS Number ... prior to introduction on the new market economy in the country, whilst the fifth is ... Republic of Serbia, Bosnia and Herzegovina, Slovenia, Ukraine and Turkey. Note 2 - Investments In ...

  • Allow Private Sector to Get Infrastructure On Track 16 May 2008 07:17 GMT
    ... The resurgence of infrastructure and commodities as investable sectors has occurred after a long period ... play absolutely critical roles in the national economic game. Funding infrastructure in particular fell largely ... with their own power supplies, and from Russia's oil pipelines financed by the private sector ...

  • President Yushchenko and Prime Minister Brown sign a Joint Statement 16 May 2008 07:17 GMT
    ... The FINANCIAL -- After his meeting with Prime Minister ... to encourage the promotion of democracy in Belarus Ukraine and the United Kingdom renew their ... and the unified customs regime at the -Moldova border and contribute to EU assistance to ...

  • Analysis: Militants attack oil vessel 16 May 2008 06:39 GMT
    ... disclaimer: image is for illustration purposes only Port ... off the coast. A Portuguese and a Ukrainian -- along with nine Nigerians -- were ... proposed reforms include changes to the Nigerian economy, particularly its petroleum sector, which generates up ...

  • RUXX investment index set to open 0.44% down 16 May 2008 06:34 GMT
    ... MOSCOW, May (RIA Novosti) - Russia's investment index will open Friday at 1042.01 ... Industrial Leaders Index (RUXX) is a composite economic index of 30 Russian companies with financial ...

  • OPEC cuts forecast for global growth in oil demand in 2008 16 May 2008 06:06 GMT
    ... and Europe. The weakening US dollar and economic uncertainty added to market volatility, along with ... its lows versus the euro and yen. Inflation continued to trouble China, India and other ... UK, Denmark, Australia, New Zealand, Brazil and Russia were partially offset by upward adjustments to India, ...

  • School collapses in focus as China buries quake dead 16 May 2008 05:56 GMT
    ... prompting China's Housing Ministry to order an investigation. In the village of Houzhuang in the ... recover from the quake. The country's top economic planner allocated 53 million yuan ($7.6 million) ... accepted further offers of rescue teams from Russia, South Korea and Singapore, the Foreign Ministry ...

  • HSBC Bank Armenia Called 2008's Best Asian Bank in Developing Countries 16 May 2008 05:52 GMT
    ... HSBC Bank Armenia Called 2008’s Best Asian Bank in Developing ... as “2008’s Best Asian Bank in Developing Economies”. The Public Relations Department of the bank’s ...

  • Like father, like son: Bush pleads for Saudi help, but world oil market has changed 16 May 2008 05:52 GMT
    ... million bpd by 2010. "They've not only invested tens of millions of dollars to increase ... of production offline because of civil strife. Russia is the world's second-largest oil producer and exporter, ... the definitive account of oil's rise to economic importance. "I think if the Mexican industry ...

  • Allow private sector to get infrastructure on track  16 May 2008 05:48 GMT
    ... The resurgence of infrastructure and commodities as investable sectors has occurred after a long period ... play absolutely critical roles in the national economic game. Funding infrastructure in particular fell largely ... with their own power supplies, and from Russia’s oil pipelines financed by the private sector ...

  • Chinese president visits Japan: Tensions remain beneath talk of warmer ties 16 May 2008 05:47 GMT
    ... resources in East China Sea and the Russian Far East. A tactical shift away from ... December. A great deal is at stake economically for both countries. The two economies—Japan is ... after the EU and the US. Japan's investment in and trade with China, which is ...

  • Canadians flock to Hawaii real estate 16 May 2008 05:46 GMT
    ... Japan, Korea, China, Canada, Europe, Oceania and Russia are still interested in Hawaii real estate, especially ... on the Neighbor Islands, as a value-based investment with growth potential. "We believe that the U.S. economy will strengthen over time," he said. In ...

  • Guardian Technologies and AutoClear Announce Successful Completion of Pinpoint Integration for Baggage Screening Security System 16 May 2008 05:44 GMT
    ... Guardian as a recognized bidder for all Russian airport opportunities. Russia has an approved development ... accelerate the Company's high-growth business model. For investor-specific information and resources, visit To view current ... personnel, ability to obtain project financing, general economic and political conditions and other factors affecting ...


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