of the sea novgorod. well we're taking a closer look at it over the next couple of days to do stay with r.t. for that we're going to take a short break now and then career joins us with the business. for the feel we've got to. get a voice face to face with the news makers. 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

each year they gather in the small city of novgorod to celebrate the past at a time when novgorod was the capital of a trading empire that spanned from finland today edge of siberia for the first. you know we are the army of the ruler of novgorod from the height of its prosperity many people have forgotten but we are keeping the memory alive. russia's all the slavic city of god was founded more than a thousand years ago centuries before st petersburg it became russia's gateway to the west novgorod filled the whole of europe with furs and candle wax becoming one of the most prosperous cities on the continent once upon a time this was not just the hope of a powerful trading republic but possibly the birthplace of russia's democracy. at the sound of a bell the city population assembled on the main square there they voted on the most important issues facing the republic a new ruler was elected after an old one died each part of the city how did so government military commanders were invited from neighboring states the question of which no grown up was a glimpse of what an ancient russian

russia's all the slavic city novgorod was founded more than a thousand years ago centuries before st petersburg it became russia's gateway to the west non-god filled the whole of europe with candle wax becoming one of the most prosperous cities on the continent once upon a time this was not just the hope of a powerful trading republic but possibly the birthplace of russia's democracy. at the sound of a bell the city population assembled on the main square there they voted on the most important. issues facing the republic a new ruler was elected after an old one died each part of a city how did so unsolved government military commanders were invited from neighboring states and at the park. a glimpse of what a different russia might have been like instead of simply they could have been freedom and democracy but it was not to be moscow princes keen to get their hands on its riches subjugated the city and even carter the way the assembly bell in fifteen seventy number became the setting for one of the bloodiest chapters in russia's history we were going to. win ivan the terrible came for

defunct simply none of the former teams will compete this season along with one rookie side nizhny novgorod the chairman of the new league's kind of a content and sports minister. we're optimistic about the future so just. be aware it's the first league in russia established by the basketball clubs themselves this isn't an unusual thing in europe where clubs come together in determine the rules of the game if you're a russian basketball isn't it its best and probably now is not the best time to start a new project but nothing could stop us sitting there when you've finally an embarrassing moment for one footballer hertha berlin defender payton the mayor has apologized after accidentally touching the breast of a woman referee what's worse is that it was all shown live on t.v. it happened during the match with a man in the gym in second division apparently says he went to tap but by and starting with on the shoulder without looking and got more than he bargained for the funny side against that and did this. so that brings us to the end of the sport more. every month we give you the future we

super league is nine of the former teams will complete the season along with one look inside nizhny novgorod on the chairman of game leagues council under a vow to terms on sports minister the timing of the cost of which are optimistic about the creature like she has it. be aware. it's the first league in russia established by the basketball clubs themselves this isn't an unusual thing in europe where clubs come together and determine the rules of the game sports russian basketball isn't at its best and probably now is not the best time to start a new project sitting there with nothing could stop us was good beleaguered beautician but it's not new but i would add so there's no doubt the guy who drove professionally with all the games we want to achievements and of course we hope the league will develop lots of awareness for the national team sport almost probably finally to ice hockey as the final game in the battle between the two best leagues in the world came to an end on wednesday night and i fell side to the phoenix coyotes beat the k.h. els dinner my regret three one in out via the mat

have adopted a three prong strategy firstly tourism and nation slavic republic then thought city of novgorod as a you know scale world heritage site that there were the bodies of the same as everywhere else in russia we have to bring the infrastructure up to the same level as the attractions themselves. secondly foreign investment. in previous times a difficult relationship with a local administration has prevented a good investment climate from forming now we have swung our doors open. and finally developing industries that are competitive not just in russia but the brule that's versus medium size truck promises to be a breakthrough. on this several times cheaper than foreign equivalents our production mines are the same as our competitors but the stuff costs are lower while no pipe dreams these in bush's plans have yet to bring substantial cash into the government coffers what a good man just the chief of them will determine if the region continues to fund more abundant the prizes like golf and leap into the twenty first century. a student and have fun oh yeah there are girls. you know you

super league nine of the former teams will compete this season along with one wilkie side nizhny novgorod the chairman of the new league's council under eight to ten sports minister tell mccall we're optimistic about the prevails future should. it. be aware as you can was given. it's the first league in russia established by the bus can both clubs themselves this isn't an unusual thing in europe where clubs come together in determine the rules of the game sports it's russian basketball isn't it it's bessie's and probably now's not the best time to start a new project sitting there with nothing could stop us posted more than a league of your teaching but it's not new but i will add so there's no adult toy with their own professionally with all the games we want to achievements on and of course we help the league will develop lots of lawyers for the national teams board that will most probably i'm talking now as the final game in the battle between the two best leagues in the walls came to an end last night and i chose sides the phoenix coyotes beats the k.h. els did on my request for a one

next mayor it includes a deputy prime minister the transport minister the governor of the nizhny novgorod region and deputy mayor of moscow who is also the only woman on the list their candidacies have been submitted to president dmitri medvedev by the united russia party the largest in the moscow parliament it follows the dismissal of the previous man. he had held the position for almost two decades although his reign was the subject of a growing controversy in recent years under his leadership the city you saw a lot of new construction with a whole new district of apartment blocks and shopping malls but there were also many new problems such as massive traffic congestion and pollution coughs wife became a billionaire and russia's richest woman through her construction business but he says that had nothing to do with his work as. well coming up for you in the program a look at the future of the u.s. dollar as emerging world economic policies separate from. the greenback some seem to be heading for an all out divorce. the georgian president has proposed a new constitution supposed to put

novgorod over its thousand year history the city's witnessed both soaring wealth and devastating was the only invaders now there were the thousands of tourists who visit each year r.t.c. go grosvenor went to see what's attracting them. from berry picking to vodka drinking to game hunting a lot of russian traditions that was lost far and comprehensible and almost all of the traditions are widely practiced here and there. living off the land every morning at dawn the woman everyone here calls the mash or goes berry in mushroom picking this brings in more money than her pension is in the red if people want to earn a living doing the state can tell me it's not to work at all in the forest die relax she hands her pickings over the alienness a lovely over pregnant and unemployed you know anna thought the germ making as a home business she thought people would want that's completely natural no cooking no additives often no sugar one recipe hasn't changed but now she employs dozens of people and her germs are sold all over russia so it isn't just large scale agriculture was in decline here i