Tag Archives: budget

Lukoil planning 10% drop in investment, no staff cuts in 2015 (Part 2)

DAVOS. Jan 22 (Interfax) – Lukoil (MOEX: LKOH) is not planning to lay off staff this year but is not planning to hire new employees either, the oil major’s chief, Vagit Alekperov, told reporters on the sidelines of the economic … Continue reading

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U.S. to provide almost $50 million for development of air bases in Baltics

TALLINN. Dec 24 (Interfax) – The U.S. will provide $25 million for the development of the infrastructure of the air base in Amari near Tallinn, $10 million for the development of the air base Lielvarde in Latvia, and $13 million … Continue reading

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Ulyukayev: GDP likely to decline in 2015 if low oil prices persist

MOSCOW. Oct 24 (Interfax) – If current prices for oil persist in 2015, Russian GDP, retail trade, real incomes and investment will all decline, Ulyukayev said at a business breakfast hosted by Rossiiskaya Gazeta.” “If the current price of oil … Continue reading

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Azerbaijan’s state budget deficit forecast at around 2.8% of GDP in 2015

BAKU. Oct 14 (Interfax) – Azerbaijan’s draft budget for 2015 envisages a deficit of 1.66 billion manat, or 2.77% of GDP, the Finance Ministry said on its website. The draft budget projects revenue of 19.44 billion manat in 2015, up … Continue reading

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Russian budget surplus 2.1% of GDP in Jan-Sept – MinFin (Part 2)

MOSCOW. Oct 13 (Interfax) – Russia had a federal budget surplus of 1.11 trillion rubles, or 2.1% of GDP, in January-September, the Finance Ministry said, citing preliminary data. Budget revenue was 10.698 trillion rubles, or 75.1% of approved budget revenue … Continue reading

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Rosatom to receive 50 bln rubles in subsidies for Akkuyu NPP in 2015

MOSCOW. Sept 25 (Interfax) – Russian State Nuclear Energy Company Rosatom will receive 50.1 billion rubles in state subsidies in 2015 for the construction of the Akkuyu nuclear power plant (NPP) in Turkey, according to a draft of Russia’s 2015 … Continue reading

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Armenian govt approves 2015 budget with 2.3% of GDP deficit

YEREVAN. Sept 25 (Interfax) – The Armenian government on Thursday approved a 2015 budget draft with real GDP growth of 4.1% and a budget deficit of 114.1 billion dram, or 2.34% of GDP. First Deputy Finance Minister Pavel Safaryan presented … Continue reading

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Latvian MinFin lowers GDP growth forecast to 2.9% in 2014, 2.8% in 2015

MOSCOW. Sept 4 (Interfax/BNS) – Latvia’s Finance Ministry has lowered its growth forecast for GDP to 2.9% in 2014 and 2.8% in 2015, the head of the Finance Ministry’s Communication Unit, Aleksis Jarockis, told BNS. The ministry has also forecast … Continue reading

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Necessary to allocate 28 bln rubles from 2014 budget to spark agricultural development – Fyodorov

SVOBODA, Kursk region. Aug 22 (Interfax) – Russia’s Agriculture Ministry is asking the Russian government to allocate 28 billion rubles from this year’s budget to compensate interest rates on agricultural investment loans and to subsidize short-term loans using defense funds. … Continue reading

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Lunar research to cost Russian budget 28 bln rubles – draft federal program

The Russian Federal Space Agency (Roscosmos) is asking to allocate over 28 billion rubles to launch six spacecraft to the Moon, the draft federal space program for 2016-2025 Roscosmos sent to the government for approval said. “The total volume of … Continue reading

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