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Saturday, November 21, 2009
News Making Money

Russia's foreign trade down 43.9% in Jan-Sep

06/11/2009 17:24 (14 Day 18:54 minutes ago)

The FINANCIAL -- According to RIA Novosti, Russia's foreign trade decreased by 43.9% year-on-year to $321.4 billion in January-September 2009, the Federal Customs Service said in a statement on November 6.

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Foreign trade surplus dwindled to $91.7 billion year-on-year in the reporting period.

 

The customs service said Russia's trade with non-CIS countries amounted to $274.4 billion (down 43.7%), while trade with CIS states stood at $47 billion (down $45%) in January-September.

 

Russia exported $206.6 billion worth of products in the first nine months of 2009, down by 44.3% against the same period of last year.

 

The decrease in exports was caused by a plunge in prices for Russian commodity exports in late 2008.

 

Imports to Russia reached $114.8 billion in the reporting period, down 43.1% against the first nine months of 2008 due to a decrease in the amount of imported goods.

 

 

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Politics
Biden Calls for Fulfilling Promises of Rose Revolution

20/11/2009 12:35 (23:43 minutes ago)

The FINANCIAL -- According to Civil Georgia, U.S. Vice President Joe Biden called President Saakashvili on November 18 to discuss democratic reform in Georgia and to reiterate the United States’ strong support for Georgia’s sovereignty and territorial integrity, the White House reported.

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Markets
NASDAQ OMX Launches New Fixed Income Index

21/11/2009 10:40 (01:38 minutes ago)

The FINANCIAL -- NASDAQ OMX Stockholm announces that it has launched a new fixed income index named OMRX All Index, which will act as a benchmark for the Swedish bond and money markets.

INSURANCE
ING restructuring plan approved by European Commission

19/11/2009 12:39 (1 Day 23:39 minutes ago)

The FINANCIAL -- ING announced on November 18 that the European Commission has formally approved the restructuring plan submitted by ING .

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