657
Russia Railway to Bypass Ukraine
World Economy

Russia Railway to Bypass Ukraine

Russia announced plans to finance new railway tracks that bypass Ukraine. The project was listed in budget plans for spending in 2015, World Bulletin reported. Finance Minister Anton Siluanov announced the budget plans, saying that infrastructure spending including the railway project would total 500 billion roubles ($13 billion). He gave no details of the project. He raised Russia’s budget deficit projections until 2017, attributing the change to lower price forecasts for its oil exports, and warned the government would not add new revenues to its ‘rainy-day’ reserve fund this year.

 

Short URL : http://goo.gl/3myKsx

You can also read ...

US Economy Back on Top of World Competitiveness Ranking
Marking its 30th edition this year, the IMD World...
Some 96% believe that bribery and corruption was an important issue to tackle.
Almost one out of two large global companies experienced some...
China Debt Crackdown Leaves Institutions Short of Cash
China is cutting off funds to financial companies and banks...
Deutsche Bank Will Cut 7,000 Jobs
Deutsche Bank said on Thursday it will reduce global staff...
Taiwan Growth Forecast Upgraded to 2.6%
The directorate general of budget, accounting and statistics...
Turkey Raises Rates Sharply to Prop Up Lira
Turkish President Recep Tayyip Erdogan is facing a potentially...
Two Oman Banks Discuss Merger
Oman Arab Bank has initiated merger talks with fellow Muscat-...
MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat.
Market sentiment was a little shaky on Friday with Asian...

Trending

Googleplus