By Citizen M | Published: February 16, 2010
‘
We have weak unions compared with Western Europe,‘ notes one economist, commenting on the
total of unpaid Russian wages – currently at $136 million. ‘
Companies aren’t afraid to delay salary and utility payments when funding is tight.‘ Russia’s industrial output
rose by 7.9% last month, year-on-year. Mortgage rates have fallen 4% since crisis levels, but officials want them to keep dropping – Dmitry Medvedev wants levels to
match the optimal global level of around 6-8% – Alexei Kudrin says that lowering inflation is the only way to make it happen. A new law will allow producers to
write their own declarations that food, alcohol, and cosmetic products meet the government’s healthy and safety standards. ‘
Those who tried to sell poor quality products could just buy certificates before,‘ noted the head of a lobbying group. The Guardian is running a
photo series of Russia’s richest oligarchs, and a profile piece on
Vladimir Lisin, Russia’s richest man. The Times comments on the new list, noting that
oligarch wealth has surged.