Germany’s Volkswagen (VOWG_p.DE) said on Wednesday it is aiming to invest a total of one billion euros ($1.25 billion) in Russia by 2018, initially expanding by building an engine plant in Kaluga. Volkswagen will invest 250 million euros in the construction of the plant in Kaluga, a town some 190 km (118 miles) south-east of … Continue reading
While unemployment rate is growing in Europe, Russia is experiencing a deficit of labor power. According to the latest estimations made by the All-Russian Center for the Study of Public Opinion, at present, there are fewer unemployed people in Russia than there were before the crisis of 2008. According to official data, 5% of Russia’s … Continue reading
The unemployment rate across Russia differs greatly, by four times among the districts and up to 49 times among individual regions, the State Statistics Agency said in a report on June employment, Interfax reported Friday. The lowest unemployment rate was registered in the Central Federal District at 3.2 percent in June. The highest was posted for the North Caucasus Federal District at 13.2 percent. The unemployment rate in the Northwest Federal District … Continue reading
Secondary vocational education will soon be free in Russia, the country’s Education and Science Minister Gennady Shepelev told reporters in Moscow on Monday. He declined to elaborate on the exact date. Shepelev recalled that 27 percent of students of Russian elementary vocation training colleges still pay for the studies. He also admitted that graduates’ job … Continue reading
Composite Leading Economic Indicators (CLI) in February points to a positive change in momentum for major geopolitical entities, according to the OECD. Previously, there has been little overall change in the Composite Leading Indicators, most of which were in negative territory. The Composite Leading Indicators’ positive momentum is being driven primarily by the United States … Continue reading
The Greek economy shrank nearly 7% in 2011, the fifth straight year the country has been in a recession. GDP has shriveled by a sixth since 2006, and unemployment has tripled over that period to 20%. With new rounds of austerity just announced, and a default yet to come, the nightmare isn’t even close to … Continue reading