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Government Presents Budget Seeking Consultation and Consensus
Posted on March 20th, 2009 Comments welcome Share/Save PrintYesterday Russian Prime Minister Vladimir Putin formally presented Russia’s revised 2009 budget, based on $41 oil and 13% inflation. It sets out 9.7 trillion rubles ($291 billion) in spending, including 1.6 trillion rubles (nearly $500 million) for an Anti-Crisis Action Plan. The anti-crisis measures are focused on 7 priority areas:
- Improving social welfare
- Maintaining industrial capacity
- Boosting domestic demand
- Promoting small business
- Tackling corruption
- Shoring up the financial system
- Laying the foundation for long-term development
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A Day of Tokens But Not a Token Appointment
Posted on March 13th, 2009 1 comment Share/Save PrintBy Adrian Erlinger, Account Manager, The PBN Company
On Monday, women were fêted with flowers as Russia celebrated International Women’s Day. On March 12, Yelena Skrynnik became the third female to join President Dmitry Medvedev’s cabinet, filling the post of Minister of Agriculture. With the economic climate negatively impacting Russia’s regions, Medvedev’s has chosen a proven manager to steer the agricultural sector through a difficult financial period.
“I know that today our situation is rendered that much more difficult by the financial crisis. It has exacerbated a number of problems that have been building up for decades in the countryside,” Medvedev said on a video broadcast on the Kremlin website. “These involve issues concerning financing and obtaining affordable loans, the sort of problems that we have in fact been working on lately and with which we have had some success.”
Worth a Thousand Words ...
