Economy

• 26 January 2012, 16:27 Nokia reports loss as mobile phone sales drop

  Mobile phone giant Nokia has reported a loss for the final three months of last year, as sales of mobile devices fell sharply.

• 26 January 2012, 12:31 IMF chief calls for a "common pot" to restore eurozone stability

  On Monday the IMF cut its global growth forecast this year to 3.3 percent, and marked down its estimate for next year to 3.9 percent.

• 26 January 2012, 11:53 Economic crimes in Tatarstan last year total 4,416

  Most crimes were detected in the finance and loan sector, as well as governance and consumer market.

• 26 January 2012, 09:31 IMF warns over risk of Iran oil price shock

  The International Monetary Fund (IMF) has warned of a 20-30% oil price spike if Iranian exports are disrupted.

• 25 January 2012, 15:25 Russian state defense orders to exceed 908 bln rubles this year

  Russian state defense orders will amount to 908.44 billion rubles this year, First Deputy Defense Minister Alexander Sukhorukov said.

• 25 January 2012, 09:28 IMF: Global economy 'in danger zone' over euro crisis

  The world's economy is "deeply into the danger zone" because of risks from the eurozone, the International Monetary Fund (IMF) has said.

• 24 January 2012, 15:04 Russia could boost coal output 40% to 430 mln tonnes by 2030 - Putin

  But problems with the shipment of the coal need to be resolved, Putin said at a meeting on cola industry development in Kemerovo.

• 24 January 2012, 10:18 Analyst: EU oil embargo against Iran not to work

  He claimed that the Iranian people are convinced that nuclear technology is a guarantee of national development.

• 23 January 2012, 14:56 EU Iran sanctions: Nations poised to ban Iran oil imports

  European Union foreign ministers are expected to announce a phased ban on the purchase of oil from Iran at a meeting on Monday in Brussels.

• 23 January 2012, 09:04 AC electronic motor plant for oil industry to appear in Tatarstan

  Agreements on many larger oil companies using Ritek equipment have been reached.

• 23 January 2012, 08:56 Dmitry Rogozin taken on tour of Kazan’s defence plants

  Vice Premier was accompanied by Tatarstan President Rustam Minnikhanov, acting Prime Minister Ravil Muratov and UAC president Mikhail Pogosyan.

• 20 January 2012, 12:46 Kremlin to buy three Tu-214CP airplanes for President of Russia

  The contract is scheduled to be fulfilled before December 2015.

• 20 January 2012, 10:01 IMF says to raise 500 bln dollars in new resources

  The Washington-based International Monetary Fund said Wednesday it will raise $500 billion in additional resources to beef up its firewall.

• 19 January 2012, 18:01 Nobel laureate warns European economic crisis may deepen

  Stieglitz added that there has been an excessive focus on the deficit, and held that the problem of the eurozone is political.

• 19 January 2012, 15:47 Tax burden level in Russia shouldn’t change

  The changes can be made in the sum of insurance fees, which will depend from the reform of the pension system, an official said.

• 19 January 2012, 11:31 Kamaz receives 5 stars for quality

  JSC Kamaz has in Moscow been assessed with the EFQM model criteria.

• 19 January 2012, 09:26 Major EU economies risks sliding into recession: UN report

  The annual UN World Economic Situation and Prospects report predicts that growth for EU will be only 0.7 percent in 2012.

• 18 January 2012, 17:39 Rustam Minnikhanov in Moscow takes part in Gaidar Forum

  Tatarstan President was one of the keynote speakers at the first plenary meeting, New Model of Growth.

• 18 January 2012, 15:24 Greece private debt write-off talks to resume

  Key talks between Greece and its private creditors that could could affect the country's future in the eurozone are expected to resume on Wednesday.

• 18 January 2012, 12:28 Gref sees no prerequisites for ruble's devaluation

  Commenting on the equilibrium of the Russian budget, Gref said that the situation is still within acceptable parameters.