In a brave and selfless gesture, a post office worker in Moscow has fended off armed robbers attempting to make away with a million rubles ($30,000), ensuring local pensioners will not go without as winter bites. Two masked gunmen stormed into the post office soon after the money had been dropped off by cash transit [...]
Tag: roubles
December 12, 2011
December 8, 2011
VTB rides out Q3 storm
VTB Group, Russia’s second largest banker, boosted its net profit 87% in the first nine months of 2011 year on year. Higher efficiency, as well as healthy lending growth helped the Group to offset global trends. VTB’s net profit was up to 72.6 billion roubles in 9M 2011, but took a third quarter hit like [...]
November 8, 2011
Russia’s banks to bid for fresh government loans
Russian banks are asking for less money than the Ministry of Finance has actually offered, with the offer from the primary regulator almost tripling its previous one. Russia’s Finance Ministry has agreed to lend 205 billion roubles to the country’s banks at an interest rate of 6.2%. The government offer exceeds what the country’s banks [...]
October 21, 2011
Brand new CCTV to monitor Moscow’s every inch
All CCTV cameras in Moscow are to be replaced in the next three years. The mayor says half do not work, while the other half do not work properly. The upgrade is well worth the billions of roubles it will cost as thousands of crimes are solved thanks to CCTV. The need for a new [...]