welcome to business with me kareen mccann good to have you with us russia central bank says it will allow for a more volatile ruble after widening the trading ban against the u.s. dollar ally euro broaden the range by fifty copecks in each direction it gives the war room to maneuver before the central bank intervenes central banks deputy head says the trade bad was needed as there is no inflation targeting he said the move will reduce the risk of speculative inflows of hotline. however alice say the ruble is responding to trade flows and the central bank's action could have little impact in the face of these fundamentals and the situation is also still in the bill in the long run despite any technical decisions despite the existence or elimination of the narrow or wide. but central will have to react to fundamentals but not the current situation of the market. but as finance minister says the central bank's decision to widen the ruble khans about does not represent playing into the current see was finance minister was speaking at a russian e.u. plenary session on macroeconomic policy. key

the business news is on the way with kareen amanda can she joins us after a short break. for the we've got. the biggest issues get a human voice face to face with the news makers. hello and welcome to business news i'm communal account russell ministers and foreign businessmen have discussed how to make the country more enterprise friendly government use the bat to give more details of the upcoming privatization of state assets. on the back of the cost. first deputy prime minister has just mounted different has different international companies and these are companies represented as a range of insider. saucing from a food to high technology well the aim of a today's meeting was to prepare some sort of background in a platform for future consultation meeting between prime minister vladimir putin and affording a businessman and after the meeting of the house of person young and a do each a bank told us that the russian market remains quite liberal low for foreign investment and that's the image of russia should be improved we worked through a number of issues in terms of. o

that brings us up to date here on our kareen bring us the latest from the world of business very shortly. for the we've got. the biggest issues good voice things to face with the news makers. every month we give you the future you understand how we'll get there and. the best in science and technology from across russia and around the world. on r.g.p. . good morning from moscow welcome to our business program was started without top story the international investment forum of the t.v. capital called russia calling its content the way to moscow the event aimed at bringing in foreign investment capital to the russian market has attracted more than forty speakers they share views and ideas at panel discussions and plenary sessions and we'll bring you the latest comments and reaction throughout the day. the composition of russia's largest state companies could go slower than planned the head of the t.v. bank told our team very costly and speaks about the company's move into a new insurance. we do have entrance company but i agree that the. business doesn't play a very important role. of a who

stay with us for that kareen will be here next with the latest news from the business world after the break. for the full story we've got. the biggest issues get the human voice face to face with the news makers . how it welcomes our business program good to have you with us this hour go to our top story will snap has signed a deal with patrollers that venezuela to acquire its fifty percent stake in germany's rule for one point six billion dollars the signing comes after talks between president medvedev and his venezuelan counterpart who are chavez i have a deal is the joint construction oh boy of an l. and g. facility by patrollers the venice well and gas problem the russian and venezuelan energy minister has also expressed support for tank a b p s acquisition of b.p. assets in venezuela. and to discuss these issues and more detail i'm now joined live with by xander as a result of senior oil and gas analyst at metro paul c. i sent a thanks for coming to the program friday now this deal russian men as well have agreed that russian british joined me to take the people by b.p.'s assets

well a high speed a some sun train so it will be the most profitable on the russian rail network and kareen is now here with all the business going to tell us why hi so destroyed ever tried one of these i haven't tried it myself but apparently there's growing demand for high speed services and russian ways is considering buying eight more of those trains made by siemens. but first two other stories at a government official has told r.t. that russia class to make water a major export comes as alarming these figures show most of the world's population is poised for shortages but some of pouring cold water on the move as industry leaders warn the country can't even provide for itself. two in three people will like water the u.n. says within fifteen years ross show which has the world's largest drinking water reserves plans to plug that gap or we shouldn't be buying bottles of perrier we should be selling our own abroad with boosting export volumes by improving conditions with businesses to do so because exporting waters knowledge of the government cross border disputes already springing up fro

check out the world of business with kareen don't go away. hungry for the food we've gone to. the biggest issues get voice face to face with the news makers. welcome to the program good to have you with us russia's winter wheat harvest will total forty million tonnes in two thousand and eleven according to the agriculture minister forty million hectares have been sown that's four million hectares less than the target this is also raised fears of another poor harvest in two thousand and eleven this summer's heat wave drought and fire has a negative effect on both the summer crop and the autumn sowing season analysts say the success of russia's winter wheat crop will determine global brain prices. the heat wave in russia this summer has helped coca-cola put some face on its sales coca-cola hellenic bottling company says the weather coupled with improving economic conditions led to a thirty percent increase in sales the company has fourteen plans and seventy five distribution centers in russia. took a dialogue has been in talks with both radio and this sound about the possibility

time in our latest interview that's coming up shortly than tonight's after the latest business with kareen. how welcome to business news on korean american cars have you with us russian ministers and foreign businessmen have discussed how to make the country more enterprise friendly government use the meeting to give more details of the upcoming privatization of state assets business correspondent like in the coach was that. first deputy prime minister eager to follow because just imagine different has different international companies and these are companies represented as a range of incident and just race saucing from a food to high technology well the aim of it two days a meeting was to prepare some sort of background in the platform for future consultation meeting between prime minister vladimir putin and for a businessman and off to the meeting of the house of our soon young and adore each of bank and told us that the russian market remains quite liberal low for foreign investment and that's the image of russia should be improved we worked through a number of issues in terms of just o

that's right kareen alongside such topics as innovation on the role of natural resources as being a lot here discussed on how russia should best go ahead and what sort of where you can omit model issue to use in terms of achieving sustained economic growth and joining me now to discuss this in more detail i'm joined by all it has been ski press of economics at yale university thank you very much for joining us and speaking to us this hour so you've been looking at today the new growth agenda for russia over the next you know three to five years i'm russia is presented with several different economic models that of the top down approach like we see in in singapore and also one which liberalizes not just the economy but also the political system which one do you think russia will choose. what we call the buffer addiction for an economy scenario. if the oil price remains of someone to eighty dollars a barrel. they kaname is likely going to and the period of stagnation and the brashness like stagnation of the seventy's and the eighty's that is this will happen if there are no serious econom

currency should be reintroduced that's coming up shortly this wednesday night business first though kareen is here. hello and welcome to business with me corinne about how the case of the road for gas to europe took another step forward on wednesday gas prom c.e.o. alex a mellower travel to romania where he said the government level agreement could be signed early next year already on board south stream are serbia hungary greece slovenia croatia and austria were also announced the two parties had agreed to proceed to the next stage of a possible cooperation with we came to an agreement with a group of experts will come to remain here and carry out preparatory work to understand whether we have mutual interests in this area after that the experts will make a report at a corporate level and if we can cooperate we'll discuss it at the top management level we see the potential for cooperation in this fear and we do have interest in it. now the root of the uk arrest is also veiled lesage to bold care which has been demanding step terms for long the pipeline to cross its territory i don't recall

rights of britain are explored in our two special interview got the business before now this thursday kareen is here. hello and welcome to business with me kareena malakand good to have you with us the dollar continues to slide on thursday after the federal reserve the u.s. central bank hinted it would start another round of currency printing news that the fed is planning to inject more liquidity is to support asset prices caused investors to flee to safety havens called an emerging market stocks were the main game is. the dollar's volatility comes just a day after russia's central bank said it would allow the ruble to trade more freely against the dollar and the euro it gives the ruble more room to maneuver before the central bank intervenes the central bank's deputy head says the trading ban was needed as there is no inflation targeting he said the move will reduce the risk of speculative inflows of money. however analysts say the ruble is responding to trade flows and the central bank's action could have little impact in the face of these fundamentals. as the situation was also stay in th