The ill-fated Phobos-Grunt probe that got stuck in the orbit after an unsuccessful launch will fall to Earth on January 11, probably affecting four continents, the US Strategic Command shared its latest forecast. The current orbit of the vehicle suggests that it could collide with the surface on a vast part of the globe, from [...]
Tag: forecast
December 14, 2011
December 12, 2011
Russia’s economics ministry cuts ’11 inflation forecast to 6.2-6.5 pct
Russia’s Economic Development Ministry has downgraded its forecast on inflation in 2011 to 6.2-6.5 percent from 6.5-7 percent, Deputy Minister Andrei Klepach said on Monday. “We have an inflation range at 6.2-6.5 percent. It is most likely to be near the lower boundary,” Klepach told reporters. Russia’s State Statistics Office has reported that inflation stood [...]
November 16, 2011
Faulty weather forecast cause of White Sea cargo ship distress
A storm in the White Sea was determined the cause of why a cargo ship, the Kapitan Kuznetsov, went missing for 24 hours, the shipowner said on Wednesday. “The reason the ship was forced to stop its engines was due to a storm, despite the weather forecast that the crew received four days ago,” the [...]
November 1, 2011
Russian money pouring out as foreign assets shine
The Central Bank of Russia (CBR) expects $70 billion net private capital outflow from the country in 2011, against an earlier projected $36 billion. The Central Bank has also lowered its forecast on international reserves from $515 billion to $495 billion. “An important factor behind escalating capital outflow is investor fear that growing economic volatility [...]
September 27, 2011
Rosneft pledges annual oil production of some 1,300 mln bbl by 2020
This article made me smile when I read it. Since the Russian oil industry is experiencing a year on year decline of about 8% a year. In 9 years the total decline will be around 72% of available Russian oil reserves. So to say that Russia is going to boost oil production going into the [...]
September 16, 2011
World Bank warns of impending economic crisis in Russia
The World Bank is warning Russia that it will face another economic crisis as early as 2012 if the current global slowdown does not reverse. The organization has cut Russia’s GDP growth forecast from 4.4 to 4.0 percent in 2011. GDP growth for 2012 is estimated at 3.8 percent. The main reason for the downturn [...]
September 13, 2011
Russian grain exports may top 20 mln tons
Russian grain exports this year may exceed the official forecast of 20 million tons, First Deputy Prime Minister Viktor Zubkov said on Tuesday. “We do not believe that 20 million tons is the limit,” Zubkov told a government meeting, adding that Russia has so far harvested 74.1 million tons of grain, two percent more than [...]