Russia's annual inflation to decline to 2-3% by 2020

Russia's average annual inflation will slow to 2–3% by 2020, while GDP growth is expected at 6.4–6.5%, Deputy Economics Minister Andrei Klepach said on the sidelines of an economic forum in Petersburg Sunday.

// Jun. 08, 2008 - 07:17 GMT


East Ukraine coal mine blast leaves three injured, 40 missing

Three miners are injured and another 40 are missing following an explosion in a coal mine in east Ukraine, the country's emergencies ministry said on Sunday.

// Jun. 08, 2008 - 07:43 GMT


Deputy PM expects Russia to become world's sixth economy in 2008

First Deputy Prime Minister Igor Shuvalov told an economic forum on Sunday that the Russian economy is likely to become the world's sixth largest by the end of this year.

// Jun. 08, 2008 - 08:02 GMT


Spree of car arson attacks continues in Russia's capital

Four cars were set on fire in Moscow on Sunday, bringing the total to 32 since a wave of arson attacks on vehicles parked outside apartment blocks began on May 30, police said.

// Jun. 08, 2008 - 08:35 GMT


Bodies of five miners recovered after Kazakh coal mine accident

// Jun. 08, 2008 - 08:44 GMT


Turkish bombers strike Kurdish rebel targets in north Iraq

Turkish bomber planes carried out strikes on Saturday night in northern Iraq, targeting bases of Kurdish separatists, the Turkish military announced on its website on Sunday.

// Jun. 08, 2008 - 08:52 GMT


Man kills six in central Tokyo stabbing spree

At least six people were killed and 12 injured in central Tokyo on Sunday when a man drove a truck into a crowd before stabbing several passersby, Japan's Kyodo news agency reported.

// Jun. 08, 2008 - 09:24 GMT


RusAl to spend $300mln on terminals at northwest Russian port

United Company RusAl will spend over $300 million on building two terminals at a port in northwestern Russia to supply aluminum products and alumina to world markets, the company said on Sunday.

// Jun. 08, 2008 - 09:52 GMT


Russia to draw up plans to make Moscow global financial hub

Presidential economic adviser Arkady Dvorkovich, speaking to TV channel Vesti-24 on the sidelines of the forum, said the plans “are already being prepared, and in the next few weeks will be put on the desks of the prime minister and the president.”

// Jun. 08, 2008 - 09:56 GMT


Russia's Polyus Gold to boost gold output 60% by 2011

// Jun. 08, 2008 - 10:29 GMT