Articles by Andrius Vilkancas

IMF Targets Inflation, Urges Structure Reform

  • 13 October 03
  • Reuters
The International Monetary Fund said Friday that Russia's economy had strengthened considerably in 2003, but called for measures to bring inflation under control and faster structural reforms.

Finance Ministry Sees Surplus of 0.5% GDP

  • 12 August 03
  • Reuters
The Finance Ministry has come up with a hard-headed budget plan for 2004 but generous spending ahead of the December parliamentary elections could make it vulnerable to external shocks, economists said Monday.

Duma Slashes Mandatory Cash Sales

  • 23 June 03
  • Reuters
The State Duma on Friday voted to cut to 30 percent from 50 percent the amount of hard currency earnings that firms must sell locally in a move that could alleviate upward pressure on the ruble and inflation.

Strong Ruble, Oil Hit Manufacturing

  • 04 February 03
  • Reuters
The manufacturing industry shrank for the first time in more than four years in January, signaling high oil prices and a strong ruble are taking their toll on firms that have failed to modernize.

Experts: Freeing Forex May Prove Dangerous

  • 11 November 02
  • Reuters
Russia is planning to sweep away many of its rigid exchange and capital controls by 2007, but economists have warned that complete freedom of capital movement could prove risky.

'S' Account Plan to Cure 1998 Hangover

  • 14 October 02
  • Reuters
A plan by the Central Bank to scrap restrictions tying up billions of dollars of foreign currency inside the country will finally erase the legacy of the 1998 financial meltdown.

$700M Soviet Debt Swap Planned

  • 19 June 02
  • Reuters
The government said Tuesday it would issue up to $700 million in Eurobonds as a swap to help restructure Soviet-era debt.

Reversal of Forex Rule Applauded

  • 03 April 02
  • Reuters
Proponents of freer currency trading are hailing a court ruling easing the Central Bank's grip on markets and vowed to take further legal action to dismantle what they saw as remaining restrictions.

Ruble Seen Stable as Gerashchenko Exits

  • 19 March 02
  • Reuters
The ruble is not expected to fall sharply after the surprise resignation of Central Bank chief Viktor Gerashchenko on Friday, analysts said, even though it fell to fresh lows against the dollar on Monday.

Central Bank, Officials Clash Over Sinking Ruble

  • 27 February 02
  • Reuters
Debate is raging over whether to let the ruble drop faster and force the economy to be more competitive.

IMF: No New Loans Are Needed

  • 11 October 01
  • Reuters
The IMF believes Russia does not need financial support for the moment but will step in if neccesary.

Lithuanian Firm Clinches Kazakh Oil Supply Deal

  • 08 August 00
  • Reuters
A Lithuanian oil concern Friday clinched a crude oil supply deal with a Kazakh oil producer.

Vilnius Scraps System Of Two-Round Voting

Lithuania's Agricultural Bank Goes on the Block

Lithuanian GDP Falls, Tumbling 4.1%

Mazheikiu Nafta, LUKoil Close to Oil Supply Deal

Russia-Induced Recession Plagues Lithuania

LUKoil Drops Offer For Baltic Oil Stake

Lithuania Swears In Emigre President

Lithuania Set to Vote for New President