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

1 hour ago

The EU Says Apple May Have Avoided Billions In Taxes Over 10 Years

Sep 30 2014 3:55am CDT | Source: Business Insider

The European Commission has decided that Apple's tax deal in Ireland — which has allegedly saved the company billions of dollars over years — may be improper and constitute illegal state aid, according to Sky News. Apple told Business Insider it had done nothing wrong: Apple is proud of its long history in Ireland and the 4,000 people we employ in Cork. They serve our customers through manufacturing, tech support and ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
10

3 hours ago

Modi, Obama write joint editorial for undisclosed US newspaper

Sep 30 2014 12:59am CDT | Source: HeadlinesToday.in

The much anticipated column marking a closure of Modi's visit is followed by a piece the PM wrote for the Wall Street Journal hours before he land ...
Source: HeadlinesToday.in   Full article at: HeadlinesToday.in
 

 
Update
9

5 hours ago

Fasting Modi meets Obama at White House

Sep 29 2014 11:06pm CDT | Source: Business Insider

Washington (AFP) - President Barack Obama took a first chance to size up Narendra Modi Monday, as the new Indian Prime Minister, an intriguing novice on the world stage, brought a tour which wowed New York to the White House.Modi met Obama, Vice President Joe Biden and other key US officials at the White House for a private dinner, ahead of formal talks in the Oval Office on Tuesday.Washington hopes that the visit, following the landslide election victory of Modi's Hindu nation ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
8

13 hours ago

Poll: Are you ready to embrace farm-raised salmon?

Sep 29 2014 3:29pm CDT | Source: Business Journal of Portland

When the Wall Street Journal ran a post noting that farm-raised salmon is nearing parity with wild-caught, I thought: Well that would make a great poll for Sustainable Business Oregon. A few phone calls and emails later, I found myself in an unexpectedly delightful conversation with Gil Sylvia, professor of marine resource economics at Oregon State University’s Coastal Oregon Marine Experiment Station in Newport. Sylvia answered my initial email by acknowledging ...
Source: Business Journal of Portland   Full article at: Business Journal of Portland
 

 
Update
7

18 hours ago

EU to publish findings about Apple tax deal with Ireland

Sep 29 2014 10:47am CDT | Source: San Jose Business Journal

The European Union is expected Tuesday to explain why it believes a tax deal between Ireland and Apple Inc. violated EU law. An EU spokesman told the Wall Street Journal today that the European Commission, the executive body of the 28-nation bloc, will say in a report Tuesday that it believes a tax agreement between Apple and Ireland, one of the 18 countries in the eurozone, amounted to illegal state aid. An Apple spokesman pointed to comments by the company's chief financial offi ...
Source: San Jose Business Journal   Full article at: San Jose Business Journal
 

 
Update
5

19 hours ago

A High Frequency Trader Is Selling The Most Expensive Home In Houston For $43 Million

Sep 29 2014 9:40am CDT | Source: Business Insider

This is the most expensive house ever listed for sale in Houston. The Wall Street Journal's Candace Taylor reports that it is owned by Wilbur Bosarge Jr., co-founder of high-frequency trading firm Quantlab Financial. According to the realtor, Bosarge and his wife are selling the home because they're often outside Houston, in other homes they own around the world. The château-style home is being listed by Martha Turner Sotheby's Interna ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
4

21 hours ago

Repeated Texting Can Thicken the Tendons in Your Thumbs

Sep 29 2014 7:30am CDT | Source: Harvard Business Review

The tendon that extends to the tip of the thumb showed significant thickening in research subjects who were frequent texters and who repeatedly flexed the interphalangeal joint, which is closest to the thumbnail, while texting, according to a medical study reported by the Wall Street Journal. The greater the number of texts, the thicker the tendon. Frequent texters (an average of 1,209 messages per month) reported greater th ...
Source: Harvard Business Review   Full article at: Harvard Business Review
 

 
Update
3

23 hours ago

Feds eye bank maneuver to cut hedge fund taxes

Sep 29 2014 5:58am CDT | Source: CNBC

A strategy employed by large banks to help hedge funds cut taxes has drawn criticism from U.S. authorities, the Wall Street Journal repor ...
Source: CNBC   Full article at: CNBC
 

 
Update
2

23 hours ago

MORGAN STANLEY: It's As If $400 Billion Just Left PIMCO

Sep 29 2014 5:10am CDT | Source: Business Insider

Bill Gross' sudden resignation as CIO of PIMCO was followed by a sharp sell-off in shares of Allianz, the parent of the Newport Beach-based $2 trillion asset manager. Allianz fell 6% on Friday. Janus Capital, Gross' new employer, saw shares surge 42%. The big concern is that clients will pull their money out of PIMCO. "Allianz share price reaction discounts about $400 billion of outflows from PIMCO, we believe," Morgan Stanley's Jon Hocking and Xinmeng W ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
1

1 day ago

Microsoft Is Opening A Store A Few Blocks From Apple's Iconic Fifth Avenue Site (MSFT)

Sep 29 2014 4:48am CDT | Source: Business Insider

Microsoft has confirmed rumors that it will open a store in New York, after reports suggested last month that the company was negotiating for the former Fendi store on 677 Fifth Avenue.  A report in the Wall Street Journal confirms that Microsoft has leased the site, and that the negotiations took over five years. Speaking to the Wall Street Journal, corporate vice president for Microsoft retail stores David Porter said "As our first flagship store, ...
Source: Business Insider   Full article at: Business Insider
 

 

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

Algeria's tourism takes a hit after guide's beheading
Algiers, Sep 30 (IANS) Last week's beheading of a French mountain guide in Algeria has hit the tourism sector of the north African country, over a thousand tourists cancelling their bookings.
 
 
New frontier for heart failure treatment
Toronto, Sep 30 (IANS) Opening new avenues for the treatment of heart failure, a research has found how the function of a key cardiac protein changes in the case of heart failure.
 
 
Alcohol can disrupt sleep even after quitting
New York, Sep 30 (IANS) Chronic alcohol exposure can lead to disruptions in the sleep cycle, not just when one actively drinks but even years after one stops drinking.
 
 
World's fourth largest sea dried up completely: NASA
New York, Sep 30 (IANS) Aral Sea - the giant lake between Kazakhstan in the north and Uzbekistan in the south - has dried up completely, says NASA.
 
 
 

Latest from the Network

Lesotho mediation efforts to continue
Cape Town, Sep 30 (IANS) South African Deputy President Cyril Ramaphosa will undertake a third visit to Lesotho Tuesday to mediate the political crisis in the country, it was announced Monday. During the visit,...
Read more on Politics Balla
 
Algeria's tourism takes a hit after guide's beheading
Algiers, Sep 30 (IANS) Last week's beheading of a French mountain guide in Algeria has hit the tourism sector of the north African country, over a thousand tourists cancelling their bookings. Kidnapped Sep 21 in Tizi...
Read more on Politics Balla
 
New frontier for heart failure treatment
Toronto, Sep 30 (IANS) Opening new avenues for the treatment of heart failure, a research has found how the function of a key cardiac protein changes in the case of heart failure. Since 1976, researchers have known...
Read more on Business Balla
 
Alcohol can disrupt sleep even after quitting
New York, Sep 30 (IANS) Chronic alcohol exposure can lead to disruptions in the sleep cycle, not just when one actively drinks but even years after one stops drinking. Individuals with alcohol use disorder frequently...
Read more on Business Balla
 
NASA app teaches kids about rocket launches
New York, Sep 30 (IANS) The US space agency NASA has launched a new app to make children aware of how rockets are launched. The free app called "LSP Activity Book" lets kids learn about the mission planning process...
Read more on Politics Balla
 
Hong Kong chief executive urges protest stoppage
Hong Kong, Sep 30 (IANS) Hong Kong Chief Executive C.Y. Leung Tuesday urged the people to end the on-going protest over the issue of Hong Kong's constitutional development. Protests have been taking place in various...
Read more on Politics Balla
 
Elizabeth Banks joins 'Magic Mike XXL'
Elizabeth Banks has joined the cast of 'Magic Mike XXL'. 'The Hunger Games' star' has signed up to appear alongside newly announced cast mates Jada Pinkett Smith and Andie MacDowell in the stripper comedy sequel, though...
Read more on Movie Balla
 
Angelina Jolie buys £2million watch for Brad Pitt
Angelina Jolie has given Brad Pitt a rare £2 million watch as a wedding present. The 'Maleficent' actress has splashed out on the expensive gift - a 1952 Patek Philippe platinum chronometer - which has been inscribed...
Read more on Celebrity Balla
 
Phil Collins reveals extent of drink troubles
Phil Collins used to drink wine at 11am and struggled to get out of bed in the morning. The 63-year-old musician - who has a personal fortune estimated to be worth £120 million and has won seven Grammy awards - insists...
Read more on Celebrity Balla
 
George Clooney feels 'pretty great' after wedding
George Clooney feels ''pretty damn great'' after marrying Amal Alamuddin. The 53-year-old star gushed he is ''looking forward to everything'' in his life after tying the knot to the 36-year-old lawyer in Venice, Italy...
Read more on Celebrity Balla