Russia » Economics
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Piracy: Unlawful Noble Act
The Internet is full of reports saying that “Russian security agencies are going to stop the work of two major metropolitan centers selling electronics, home appliances and media vehicles, Gorbushka - Russia's Legendary and Largest record fair presumably known for its incredible abundance of pirated disks to all liking sold at very low prices. The...
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Russian Officials Fiddle Away Budget of Iceland
Last year, Russian regional authorities wasted 415 billion rubles of budget funds, Vladimir Putin said at a recent meeting of the government. The amount exceeds the annual budget of such a nation as Iceland. The head of the Russian government again urged to cut the official personnel on regional and municipal levels
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Russia Develops Military Airborne Laser System
Russia is developing a military airborne laser system based on the IL-76 and designed to counter enemy intelligence means in different environments. The design in principle is not new as it was started in 1980. But a decade later, the funding was ceased because of lack of money, however now it was recommenced and goes as planned. However, some...
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Russia Faces Gloomy Aftermath of Forest Fires
The Russian summer of fires and heat is drawing to its end. Nearly all forest fires in the country have been extinguished. Now the country will have to face the aftermath of the natural disaster, which unexpectedly took the national scale and affected many lives. Pravda.Ru's special correspondent Dmitry Reznichenko went on a hitchhiking trip across...
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Forest Fires Cause Damage of $15 Billion to Russian Economy
Experts started to calculate the losses, which the Russian economy suffered as a result of unusually hot summer and immense forest fires. The damage may total one percent of the GDP growth in 2010, which is equal to $15 billion, or 450 billion rubles. For the time being, the experts take account of direct costs and negative short-term consequences...