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Tags: Russian finance


Future of Bitcoin in Russia
The Kremlin has admitted bitcoins can be used for some transactions after cautious statements by the Central Bank.
Capital Flight Frightens Russian Banks
The Russian Finance Ministery predicted a capital flight by the end of 2010 year. Now it's obvious that these predictions come true. In September and October capital flows increased and experts are trying to find out the reason for this phenomenon. At the same time the future privatization will hardly be able to help resuming the flow of foreign capital investments.
Dollar is no Longer Popular in Russia
Since the dollar began to slide down inevitably, a true revolution happened in the minds of the Russian citizens. According to the recently conducted research, the number of Russians, who trust the U.S. currency has reduced tenfold for the last six years.
How Much do You Earn, Mr. Banker?
Russia appeared to be a real El Dorado for foreign bankers: according to Bloomberg Agency, the amount of money they earn exceeds that of their colleagues working in the USA several times, up to US$7 million a year.
Program Against Financial Ignorance
Most Russians turned out to be financially ignorant, but this disastrous situation will very soon change. The Russian Ministry of Finance has worked out a program of investments in enhancement of financial literacy of the citizens for the period of 5-9 years.
The First Stock Exchange for Small Companies Opens in Russia
Small turnover companies or just new ones, which couldnt operate at the exchange, have recently been given such an opportunity. RTS START, a new market, has been established especially for them.
Whole Russian Budget on Foreign Banks Accounts
While Russian financiers are proudly reporting about capital influx to the country, their foreign colleagues are calculating outflow of funds from Russia.


Morgan Stanley Hires Russian Financier
U.S. Morgan Stanley has signed former Central Bank deputy chairman as a consultant, according to the Russian Vedomosti daily.
Russia may limit cash circulation
Russian Ministry of Finance is going to prepare an offer on cash limitation in the country, claimed the Minister of Finance Anton Siluanov.

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