360° Coverage : Russia bets on transport investment to boost growth

11 Updates
Russia bets on transport investment to boost growth
Photo Credit: ROSLAN RAHMAN, Getty Images

Russia bets on transport investment to boost growth

Feb 21 2013, 5:35am CST | by

Moscow, Feb 21 (IANS/RIA Novosti) Massive spending on transport infrastructure combined with measures to lure more foreign direct investment and improve the business climate could help boost Russia's flagging economic growth, First Deputy Prime Minister Igor Shuvalov said Thursday.

Moscow, Feb 21 (IANS/RIA Novosti) Massive spending on transport infrastructure combined with measures to lure more foreign direct investment and improve the business climate could help boost Russia'...

Filed under: news

YouTube Videos

 
 
 

1 year ago

Russia bets on transport investment to boost growth

Feb 21 2013, 5:35am CST | by

Moscow, Feb 21 (IANS/RIA Novosti) Massive spending on transport infrastructure combined with measures to lure more foreign direct investment and improve the business climate could help boost Russia's flagging economic growth, First Deputy Prime Minister Igor Shuvalov said Thursday.

Moscow, Feb 21 (IANS/RIA Novosti) Massive spending on transport infrastructure combined with measures to lure more foreign direct investment and improve the business climate could help boost Russia's flagging economic growth, First Deputy Prime Minister Igor Shuvalov said Thursday.

Russia is planning a 500 billion ruble ($17 billion) programme to clear bottlenecks from its overburdened road and rail networks to raise growth to the government's target of 5 percent, Shuvalov said in an interview with The Wall Street Journal.

"We need to move on this urgently," he said, adding the new programme would target key bottlenecks such as Moscow's roads and the limited railway links across Siberia to the Pacific Coast.

Russia's GDP grew only by 3.4 percent last year, the lowest since the deep recession of 2009, with weak demand for Russian exports in Europe and faltering investment.

Shuvalov called for more aggressive moves to sell off state assets to finance transport spending, saying the government could, for example, sell a small stake in Rosneft later this year once it completes its takeover of rival oil firm TNK-BP.

IMF chief for Russia Odd per Brekk said Wednesday the Russian growth model, which ensured the country's GDP growth by 5-5.5 percent a year before the global financial and economic crisis, had used up its potential and the country needed to boost investment to spur economic growth.

The government is pinning its hopes on an accelerated development plan prepared by the economics ministry for a period until 2030 to raise investment to 25 percent of GDP by 2015 and 27 percent by 2018, increase the share of hi-tech output in GDP and diversify away from raw materials production.

--IANS/RIA Novosti

rd/dg

IANS

Source: IANS

 
Update
11

27 minutes ago

Germany Just Asked Google To Do The Impossible: Reveal Its Secret Search Algorithm (GOOG)

Sep 16 2014 3:59am CDT | Source: Business Insider

German justice minister Heiko Maas is calling on Google to become more transparent by disclosing exactly how it ranks search results. This, of course, will simply never happen. The algorithm is the heart of Google, the source of all its wealth and power as the planet's best index of knowledge. Google is just never going to give that up. CEO Larry Page will fight to the death Nonetheless, in an interview with the Financial Time ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
10

16 hours ago

Anheuser-Busch InBev seeks financing for SABMiller deal

Sep 15 2014 12:16pm CDT | Source: The Business Review - Albany

Anheuser-Busch InBev is talking with banks about financing what could be a $122 billion deal to acquire rival SABMiller PLC. A-B isn't in active discussions with Miller, but rather is waiting to line up its financing before a formal approach, according to the Wall Street Journal. A deal would bring together the world's two largest brewers. The talks come after SABMiller offered to buy Dutch b ...
Source: The Business Review - Albany   Full article at: The Business Review - Albany
 

 
Update
9

18 hours ago

RadioShack weighs possible $585M in financing from UBS, Standard General

Sep 15 2014 10:07am CDT | Source: Albany Business Journal

Beleaguered electronics retailer RadioShack Corp. reportedly is looking at a $585 million financing package being led by investment bank UBS AG and the hedge fund Standard General LP, the Wall Street Journal reported. Last week, RadioShack (NYSE: RSH) reported a second quarter loss of $137.4 million and CEO Joseph Magnacca said the company was looking for outside capital to stave off potential bankruptcy. The Jou ...
Source: Albany Business Journal   Full article at: Albany Business Journal
 

 
Update
8

18 hours ago

Google launches $105 smartphone in India to push into developing markets

Sep 15 2014 9:27am CDT | Source: San Jose Business Journal

Google Inc. has introduced a $105 smartphone in India, part of a larger effort by Google to equip consumers in emerging markets with access to the Internet, according to the Wall Street Journal. The move could press Google's advantage in the mobile operating system market, which Google's Android dominates. "The pace at which users are adopting the Internet is unprecedented," said Sundar Pichai, seni ...
Source: San Jose Business Journal   Full article at: San Jose Business Journal
 

 
Update
7

19 hours ago

Anheuser-Busch InBev seeks financing for SABMiller purchase

Sep 15 2014 9:26am CDT | Source: Business Journal of Milwaukee

Anheuser-Busch InBev is talking with banks about financing what could be a $122 billion deal to acquire rival SABMiller plc, the co-owner of Miller Lite and Coors Light brewer MillerCoors LLC. Anheuser-Busch InBev isn't in active discussions with London-based SABMiller, but rather is waiting to line up its financing before a formal approach, according to the Wall Street Journal. A deal would bring together the world's two largest brewers, but the Wall Str ...
Source: Business Journal of Milwaukee   Full article at: Business Journal of Milwaukee
 

 
Update
5

19 hours ago

Samsung Says Apple's iPhone 6 Plus 'Imitated' The Galaxy Note's Big Screen

Sep 15 2014 8:30am CDT | Source: Business Insider

The iPhone 6 Plus is Apple's biggest phone yet, and Samsung has noticed. In a new ad for its Galaxy Note 4 smartphone, Samsung points out that its first large-screened Galaxy Note phablet launched in 2011, saying "naturally, when things are new and different, sometimes people aren't ready for them." The TV spot focuses on how public opinion towards phablets has shifted over the years, citing a Mashable article that called the original Note "an unwiel ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
4

20 hours ago

Another Google satellite executives leaves, this time for Facebook

Sep 15 2014 8:16am CDT | Source: San Jose Business Journal

Michael Tseytlin, a key member of Google Inc.’s satellite team, has reportedly left the company to join rival Facebook Inc. Tseytlin has joined Facebook’s Connectivity Lab to develop satellite technology, according to a report by the Wall Street Journal, which cites anonymous sources. The move follows the abrupt departure of Google's satellite head Greg Wyler, who walked away from Google earlier this month only months a ...
Source: San Jose Business Journal   Full article at: San Jose Business Journal
 

 
Update
3

21 hours ago

Boeing machinists in St. Louis take buyouts

Sep 15 2014 6:57am CDT | Source: St. Louis Business Journal

More than half of the Boeing Co. machinists in St. Louis have accepted voluntary buyouts. The International Association of Machinists and Aerospace Workers told the Wall Street Journal 1,317 of its 2,300 members had registered with the company by a July 31 deadline to take the offer. That was part of a contract extension agreed to in February. A Boeing spokesman told the Wall Street Journal that not all those who signed up would necessarily l ...
Source: St. Louis Business Journal   Full article at: St. Louis Business Journal
 

 
Update
2

21 hours ago

One Of The Smartest VCs Of All Time Has An Ominous Warning For The Tech Industry

Sep 15 2014 6:41am CDT | Source: Business Insider

Respected venture capitalist Bill Gurley is sounding the alarm on the startup industry. In an interview with the Wall Street Journal, Gurley says the current environment reminds him of the tech bubble that formed in the late 90's. Every incremental day that goes past I have this feeling a little bit more. I think that Silicon Valley as a whole or that the venture-capital community or startup community is taking on an excessive amount of risk right now. Un ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
1

21 hours ago

Anheuser-Busch InBev seeks financing for SABMiller

Sep 15 2014 6:35am CDT | Source: St. Louis Business Journal

Anheuser-Busch InBev is talking with banks about financing what could be a $122 billion deal to acquire rival SABMiller PLC. A-B isn't in active discussions with Miller, but rather is waiting to line up its financing before a formal approach, according to the Wall Street Journal. A deal would bring together the world's two largest brewers. The talks come after SABMiller offered to buy Dutch brewer Heineken NV. Heineken rejected ...
Source: St. Louis Business Journal   Full article at: St. Louis Business Journal
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

Number crunching may make people selfish
Toronto, Sep 16 (IANS) People with a "calculative mindset" as a result of number crunching are more likely to engage in selfish and unethical behaviour, suggests a study.
 
 
A novel way to spot dyslexia in kids
New York, Sep 16 (IANS) There could soon be a tool to spot kids at risk of developing reading difficulties before they experience the challenges as researchers have found that white matter volume in the brain is key to development of reading abilities.
 
 
Early Earth had conditions similar to present day: Study
Washington, Sep 16 (IANS) Conditions on the Earth for the first 500 million years after its formation may have been surprisingly similar to present day conditions - complete with oceans, continents and active crustal plates, report geologists.
 
 
Danish experts to help combat Ebola in Liberia
Copenhagen, Sep 16 (IANS) Denmark will be sending four experts to Liberia to help support the global fight against the spread of the Ebola virus.
 
 
 

Latest from the Network

Rain takes toll on Pakistan's historical sites
Islamabad, Sep 16 (IANS) Pakistan's monsoon rain, which started Sep 3 and has ravaged human populations since then, has taken a toll on ancient ruins as well, media reported Tuesday. Archaeologists say the ancient...
Read more on Politics Balla
 
Number crunching may make people selfish
Toronto, Sep 16 (IANS) People with a "calculative mindset" as a result of number crunching are more likely to engage in selfish and unethical behaviour, suggests a study. Repeated engagement with number-focused...
Read more on Celebrity Balla
 
Matt Damon set to return as Jason Bourne
Matt Damon is being lined up to reprise the role of Jason Bourne. Deadline reports that the 43-year-old actor and director Paul Greengrass have entered into discussions with Universal Pictures to reunite for their third...
Read more on Movie Balla
 
Alonso a hit after only two matches with Bayern Munich
Berlin, Sep 16 (IANS/EFE) Xabi Alonso's Bayern Munich career has barely begun, but Julius Caesar's "veni, vidi, vici" (I came, I saw, I conquered) applies equally well to the Spaniard's arrival in Germany, as he has...
Read more on Sport Balla
 
A novel way to spot dyslexia in kids
New York, Sep 16 (IANS) There could soon be a tool to spot kids at risk of developing reading difficulties before they experience the challenges as researchers have found that white matter volume in the brain is key to...
Read more on Apple Balla
 
20 militants killed in Pakistan airstrikes
Islamabad, Sep 16 (IANS) At least 20 militants were killed Tuesday during airstrikes in Pakistan's Khyber Agency area. According to an official, the strikes targeted Tor Dara, Tirah, Jatoi and Rajgal areas of the...
Read more on Politics Balla
 
Ishikawa adds sparkle to Asia-Pacific Open Golf Championship
Tokyo, Sep 16 (IANS) Japanese ace Ryo Ishikawa is set to add more sparkle to the already-strong field when the Asia-Pacific Open Golf Championship Diamond Cup gets underway next week. Sanctioned by the Asian Tour...
Read more on Sport Balla
 
Thousands of Serbs greet silver-winning basketball team
Belgrade, Sep 16 (IANS) Serbian national basketball team that won silver medal at the FIBA Basketball World Cup was welcomed here by tens of thousands of people in front of the City Assembly. Upon their arrival at the...
Read more on Sport Balla
 
Eight killed in China road accident
Beijing, Sep 16 (IANS) At least eight people were killed and six injured Tuesday when a truck crashed into a bus stop in China's Hebei province. The accident occurred in Hebei province's Zhangjiakou city, Xinhua...
Read more on Politics Balla
 
Ghana appoints 2017 African Nations Cup bidding committee
Accra, Sep 16 (IANS) Ghana's Minister of Youth and Sports Mahama Ayariga appointed an 11-member committee to work towards securing the right to host the 2017 African Cup of Nations (AFCON 2017). Additionally, six...
Read more on Sport Balla