According to the survey of business expectations performed in Q4/11 by Grant Thornton International (GTI), Russia is the only BRIC (Brazil, Russia, India, China) country in which the number of pessimistic businesses exceed the number of optimistic ones, gazeta.ru reports. Brazil had the highest optimism index of 74%, followed by India (58%), China (22%) and followed by Russia with -4% index (number of pessimistic businesses exceeding the number of optimistic by 4%). In BRIC countries overall the index grew from 25% to 34% in Q4. Out of 40 countries that participated in the survey, Russia takes 27th place. |
As Cyprus is trying to come up with new ways to raise EUR 5.8bn needed to secure the financing from ECB, EC, and IMF, Russia's participation in the package is not clear. According to the latest ... more
Fitch Ratings believes that resolution of the Cyprus crisis with a deposit levy or some other form of burden sharing involving creditors is unlikely to result in material losses for Russian ... more
Russia and China discuss contracts that would triple exports of Siberian oil through various transport corridors, Reuters reports citing unnamed sources in the industry. Rosneft is discussing ... more