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The Moscow Times guide to the most delectable places in Moscow on www.rb.ru

The Moscow Times is introducing the website www.rb.ru, a place for advice and exchange of impressions about restaurants and bars in Moscow.

Testimonials

"The Moscow Times analysis of major issues facing American and international business is very solid. And I find the Business in Brief section particularly valuable – it provides concise and timely information on important market moves. A great business guide!"

-Andrew B. Somers, President
American Chamber of Commerce

Business: RenCap Cuts RTS '08 Target to 2,350
Renaissance Capital on Monday slashed its year-end forecast for the benchmark RTS Index from 3,000 to 2,350 and increased its equity risk premium for the country from 4 percent to 5.5 percent in a sign of continued investor jitters.

Enlarge your business opportunities this summer - place a job ad at Job Opportunities pages of The Moscow Times until 31 August and get 10 vacancies for free on www.careercenter.ru web site!



Saturday, August 30, 2008 Updated at 30 August 2008 3:21 Moscow Time.

The Moscow Times » Issue 3077 » Business in Brief

Business in Brief

28 December 2004RTS Goes Real-Time MOSCOW (Bloomberg) -- The RTS, Russia's second-largest bourse by trading volume, will begin calculating its benchmark index in real time in 2005, the RTS said in a statement Friday. The RTS index, which is used as the nation's benchmark by many international funds, currently calculates every half hour, making it less of an indicator of immediate market action than the MICEX, which does calculate in real time. Putin Signs '05 Budget MOSCOW (Bloomberg) -- President Vladimir Putin signed into effect the 2005 budget, which calls for a surplus of 1.5 percent of gross domestic product, the presidential press service said Friday on the Kremlin's web site. The State Duma and Federation Council passed the budget with a surplus of 278.1 billion rubles ($10 billion), earlier this month. Next year's budget allows the use of some money from the so-called stabilization fund to repay foreign debt and pay some pensions, the statement said. $3.

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