fbpx

Today in Russian Business – Dec 22nd, 2008

Vladimir Putin issued a warning to employers over the weekend about job cuts. ‘Business should not… fire people without extreme need,‘ he said.  State-run banks are planning to inform the authorities of any breach of workers’ rights by employers, such as sending them on unpaid leave.  Russia’s oligarchs are in line for $78 billion of Kremlin loans to help them survive the credit crisis.  Despite the economic crisis, the BRIC economies will account for 40% of global economic growth between next year and 2020, according to new research.  The ruble continues to fall…