Business News
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Alitalia offers its Russian passengers befitting New Year presentsOne of Alitalia’s several New Year presents is increasing the weight level of onboard hand luggage, a very important policy decision, especially during winter shopping trips... |
Hyundai opens autoplant with the highest production localization level in RussiaRussian Prime Minister Vladimir Putin, who was present at the official opening ceremony of the factory, highly appreciated the work done by the Hyundai management... |
World Bank seeking ways to acquire Russian banks’ ‘toxic’ debtsAccording to IFC, a subsidiary of WB, the volume of toxic credits in Russia is expected to reach $70bln by yearend... |
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Rosneft’s new president becomes company’s minority shareholderCommenting on his acquisition, Khudainatov noted that investment of personal finances in Rosneft was an issue of priority for him as the company’s CEO... |
Yevtushenkov offers innovative solution for fixing high accident rates on Russian roadsTo successfully execute this project, Yevtushenkov calls on lawmakers to legislatively oblige all cars in Russia to be equipped with navigators... |
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Vneshekonombank denies intention to sell or transfer its EADS stake to third partiesThe current crisis and EADS’ other internal problems have pulled down the stake’s market value, a development that led to the speculation on the VEB’s readiness to offload the stake to avoid its further devaluation... |
IFC partners with EOS Group in tackling nonperforming bank loans in Central and Eastern EuropeCommenting on the initiative, Justus Hecking-Veltman, the EOS Group CFO, noted that the co-investment will allow the group to grow its business on markets, which have been hardest hit by the financial crisis... |
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Moscow and Washington set deadline for completing Russia’s WTO negotiationsStumping again for the WTO membership, President Medvedev expressed hope that the United States will fulfill its promises and help resolve the issue by the end of September... |
Minsk and Moscow’s strategic relations untainted by the explosive gas pricing disputeBelarus President Alexander Lukashenko has said the recent gas debts conflict between Minsk and Moscow will not lead to a breakdown in bilateral strategic ties... |
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Buying into elite Rublyovka: how much does 'the entrance ticket' really cost?A Moscow-based realty has released a special market review with clear-cut guidelines on the actual prices for different categories of properties on the Moscow's most affluent suburb... |
CIS prime ministers look forward to celebrating the Commonwealth’s 20th anniversaryThe heads of the CIS member-state governments discussed ways to further deepen integration processes, including the plans for the celebration of the CIS 20th foundation anniversary in December 2011... |
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Medvedev deepens strategic cooperation with key partners on his Middle East tourRussian President Dmitry Medvedev during his Middle East tour in May that included stops in Syria and Turkey and his host colleagues agreed to further deepen their mutual bilateral relations... |
Russia and Brazil set themselves an ambitious target of raising trade turnover to $10blnTo achieve this goal, both parties signed a number of documents, including the plan on the realization of all projects earmarked in their strategic partnership pact... |
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Negative crisis consequences still to be felt in the economy for at least one more yearThe Russian economy will continue to suffer from the negative consequences of the global crisis for one more year, before it will make a turnaround for the better... |
RSPP offers government different mechanisms for reforming the economyOther items on the agenda included privatization of state assets and creation of a special advisory council at the government level to oversee comprehensive reformation of the pension, medical and social and welfare insurance systems... |
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A clinical diagnosis for Russian businesses’ woes on local and foreign marketsSurkov called on the titans of the Russian capitalism to learn how to make better-quality goods and unique services that can easily make their ways to any markets... |
Alitalia and Air One present new features of summer season 2010According to the new schedule, which went into action on 28 March, Alitalia will fly to 82 destinations with 140 routes and approximately 2500 weekly frequencies... |
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IBA and OPORA Rossii set platform for deepening Russian-Indian business tiesThe Indian side was led by IBA President Sammy Kotwani and CEOs of Indian companies in Russia, while OPORA Rossii was represented by the organization’s president, Sergei Borisov, and his deputies.... |
Top foreign firms pen historic anti-corruption business conduction pact in RussiaBriefly put, the agreement obliges all its signatories to exclude corrupt practices – both directly and indirectly – in their operations in Russia... |
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Tatneft invests millions into protection and purification of rivers in areas of operationsIn all, a total of 34.8mln rubles was invested into the construction of the project, which was launched in 2007, including 11.5mln rubles in 2009... |
Finnish food group Atria expanding its meat-processing business in RussiaCommenting on the new complex, Juha Ruohola, Astria’s vice president in Russia, noted that the new facility will not only increase the company’s industrial potential, but also improve its stability, quality and safety parameters... |
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Top industry leaders call for huge investments into small oil wells developmentAccording to the industry leaders, apart from compensating for falling outputs from large wells, the development of small oil deposits can also improve the economic situation in the country... |
Kremlin continues its policy of deepening ties with Latin American countriesRussian President Dmitry Medvedev and his Guatemalan counterpart discussed ways for the further deepening of relations not only between Moscow and Guatemala City, but also with the rest of Latin American countries... |
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Russia and Jordan to further strengthen their highly productive bilateral cooperationIn his reply speech, the Jordanian monarch expressed hope that his March meeting with the Russian leadership will further strengthen the relations between the two countries... |
Russia sees Croatia as a vital and reliable partner in the Balkans and EuropeRussian Prime Minister Vladimir Putin said Moscow highly appreciates the aspiration of Croatia to strengthen its multidimensional cooperation with Russia... |
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Tycoon Vekselberg to oversee the creation of Russia’s Silicon Valley dream projectThe Russian president said the decision to appoint the multibillionaire business tycoon to oversee the realization of the country's Silicon Valley project followed relevant consultations on the right candidacy for the job... |
GEA WestfaliaSurge participates in the VIII International Forum in MoscowCommenting on the forum, GEA WestfaliaSurge CEO Bjoerne Drechsler noted that participation of his company in the Russian dairy industry forum has become a special tradition since 2003... |
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Lebedev expands his media business in the United KingdomNegotiations on the deal lasted for months as the parties could not agree on the final sale conditions. Eventually, the Russian got the media for a symbolical one pound... |
Daimler and EBRD acquires a 5% of Kamaz stake from Troika DialogThe 5% stake was acquired by Daimler and EBRD from Troika Dialog for an undisclosed sum, thus reducing the investment bank’s stake in Kamaz from 44% to 39%... |
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VEB to help Sberbank to create national card payment systemVladimir Dmitriev says that VEB, as a bank created for overcoming the infrastructural restrictions of growth in the Russian economy, will support Sberbank with the creation of a national cards payment system... |
UralSib, Mastercard and Aeroflot launch travelers bank credit cardsExplaining the essence of the program, UralSib Bank Deputy CEO Ilya Filatov noted that such cards will enable holders to receive 1,000 ‘salutatory bonus miles’... |
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Tatneft marks 10th year anniversary in tire business with completion of another projectThanks to this program, the volume of tire production in this factory had grown by over one-and-a-half times, in comparison with 1999’s data, to 12.5mln units per year in 2008... |
Russian president discusses global economy with World Bank presidentRussian President Dmitry Medvedev and World Bank President Robert Zoellik discussed global economic issues and possible expansion of Russian participation in WB’s projects... |
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Russia boosting full-scale presence in Latin American countriesRussian Foreign Affairs Minister Sergei Lavrov in February went on a weeklong tour of Latin America, during which he met the leaders of Nicaragua, Cuba, Guatemala and Mexico... |
Crisis-hit Greece’s leader in Russia to seek support and closer ties with KremlinAfter failing to secure financial aid from its EU-zone partners, George Papandreou, the prime minister of Greece turned to Moscow last month to seek closer ties with Russia... |
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Renova to execute Kamchatka Gold IPO at the Hong Kong Exchange by yearendAccording to the management, Kamchatka Gold, the largest manufacturer of precious metals in the Kamchatka Region, will sell up to a blocking stake of its assets via IPO... |
Record-high daily sales turnover enriches anywayanyday presentationThe highlight of the event, however, was the news that just a day before the presentation, the company posted a record daily sales turnover of $100,000... |
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A ‘prodigal’ oligarch returns home to focus on investment activities across RussiaSpecifically, the oligarch is targeting the Chechen Republic and several other key cities, notably, in Moscow and Sochi, the 2014 Olympics host city, for investments... |
Paris-based NYSE Euronext waiting for leading Russian companies’ stocksNYSE Euronext Vice President Ronald Kent said the Paris-based exchange is ready to receive Russian companies interested in listing their stocks on the exchange... |
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Tatneft improves ecological safety at its production plantsOne of the most perspective of these is the project dedicated to increasing the effectiveness of utilization of APG between 2009 and 2013... |
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