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Latest Ruble Stories

2009-08-07 15:57:38

Russia's top independent television group reported a loss in revenues by more than a third in the second quarter of 2009, even though viewership was up. CTC Media said its total revenue was off 34 percent to $113.9 million -- but was off about 10 percent when measured in rubles, Russia's currency, Variety reported Friday. Company officials said it trimmed operating expenses by about 32 percent over the same period a year ago to about $70.1 million. Anton Kudryashov, CTC Media chief executive...

2009-07-07 09:46:34

A $510 debt was paid by a man who brought 33 pounds of coins to the courthouse in the Russian Far East city of Vladivostok, officials said. Bailiffs said the businessman from Partizansk, Russia, a town in the Primorye Territory, brought in 14 bags of coins to pay the debt owed to a Vladivostok man. He had initially refused to pay despite a court order, RIA Novosti reported. After bailiffs threatened come to his office, the businessman brought in the cash in the form of mostly 1 and 2-ruble...

2008-12-26 16:45:01

The Russian ruble fell to a new low against the euro Friday with former Soviet leader Mikhail Gorbachev warning Russia faces a dangerous time. The ruble slid fell to 40.81 against the euro and 29 against the dollar after the fourth currency devaluation by Moscow in a week, The Financial Times reported Friday. The devaluation was designed to offset the impact of the world economic crisis and plunging oil prices, the Times reported, noting Russian oil exports are at their lowest level in four...

2008-10-15 15:00:18

Investigators say Russian Defense Ministry officials swindled the government out of millions of rubles by creating fictitious contractors. The alleged thieves were employed at the 26th Central Scientific Research Institute, a Defense Ministry agency, Kommersant reported. They allegedly granted a 9 million ruble ($343,000) contract in 2006 to the Association for the Business Cooperative of Specialists, while doing the work themselves and transferring the money to accounts set up in the name...


Word of the Day
bellycheer
  • Good cheer; viands.
  • To revel; to feast.
The word 'bellycheer' may come from 'belle cheer', "good cheer".
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