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Tag: russia

Sukhoi Superjet-100 first commercial passenger flight

Thursday, April 21, 2011 · Category Business · comments 0

Sukhoi Superjet-100 first commercial passenger flight

Today on thursday the 21st of April 2011 Armenian airline Armavia completed the first passenger flight of Russia's newest commercial plane, the Sukhoi Superjet 100. The plane carried 90 passengers arriving at Moscow's Sheremetevo Airport. The aircraft was delivered to Armavia at a ceremony in Armenia on Wednesday.

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Why are western banks leaving Russia?

Wednesday, March 16, 2011 · Category Economy · comments 0

Why are western banks leaving Russia?

Russian Finance Minister Alexei Kudrin said that a perception of political risk leading up to the 2012 presidential election was causing capital to flee the country, a factor which battered the ruble in the second half of last year. Russia saw over $30 billion in capital outflows last year, more than four times the amount forecast by the central bank. In January 2011 the capital outflow reached a stagering $ 13 billion.

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Belarus: Watching the total collapse of one of the last Communist countries

Saturday, May 21, 2011 · Category Economy · comments 2

Belarus: Watching the total collapse of one of the last Communist countries

Yes it is true. Belarus is on the ferge of total collapse, much like the last days of the Soviet Union in 1991, Belarus is about to go bankrupt and nobody cares anymore. Belarus has been the Greece of the Slavic countries with one big difference: Nobody is about to step in anymore to help.

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Belarus: 36% devaluation of ruble and heading for hyperinflation

Wednesday, May 25, 2011 · Category Economy · comments 0

Belarus: 36% devaluation of ruble and heading for hyperinflation

Belarus's central bank devalued the country's official currency rate by 36% Monday, as it published the new exchange rates on its website. The new exchange rate of 4,930 Belarussian rubles to the dollar became official on Tuesday 24 of May 2011, compared with 3,155 rubles to the dollar Monday the 23th of May

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