Business News
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Nezavisimost releases report for 2011 and outlines its new plans for the futureThe Nezavisimost Group's report for 2011 put its gross revenues, compiled according to IFRS, at RUR44.56bln, or 45% more than in 2010... |
Most Russians support the calls to force bureaucrats to use locally made carsIf the poll is broken down along party lines, the most vocal supporters of this revolutionary idea were the Communist Party (71%) and Just Russia Party (70%)... |
Favorit Motors’ Peugeot Showroom receives the Audience's Preference Choice AwardA total of 54 showrooms, including those of Audi, Bentley, Volkswagen, Ferrari, Maseratti, took part in the “Best of the Best” contest in 17 nominations... |
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Russia heeds Greenpeace’s recommendation to slap a special fee on carmakersExplaining the policy, First Deputy Prime Minister Igor Shuvalov called the fee ‘a compensation,’ a barrier, to prevent used cars from flooding the Customs Union market... |
QIWI and Home Credit Bank simplify credit repayment processCommenting on this partnership, Alla Shishkina, the director of KIWI Bank’s Corporate Clients Department, noted that bank’s primary task is to expand the list of banks, whose services can be paid through QIWI... |
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Russian Venture Company turns into RVC after rebrandingCommenting on the rebranding, RVC CEO Igor Agamirzian stated that the new name demonstrates to the global innovative community that the company has changed, not only internally, but also externally... |
Quintiles and RVC Biofund to expand clinical development capabilities in RussiaCommenting on the agreement, RVC CEO Igor Agamirzian noted that RVC Biofund was established with the purpose of investing into biopharmaceutical companies and biotech start-ups... |
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Russian young business executives launch Leaders Club non-profit partnershipArtem Avetisyan, the club's president, said the organisation's membership comprises young people, who are not indifferent to Russia's fate... |
Russia’s Grocery industry union to establish a national quality products sealMaxim Protasov, the union's head, said the Quality Seal concept will be finalized either by the end of 2012 or early next year... |
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Alpari brokerage to simplify foreign assets investment procedures for Russian clientsThe head of Alpari's Investment Products Department said the emergence of these products stems from the growing interest in foreign markets among Russian investors... |
Interior Ministry suspects fraud in Renova’s purchase of a Trade Mission buildingViktor Vekselberg, the group owner, said bringing criminal charges against his company will be a big surprise for everyone in and outside the company... |
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Average growth rate of elite suburban cottages’ prices to reach 12% in 2012The greatest demand is for properties located within 20-30klm from the Moscow ring road, where buyers were mostly interested in 300-400sqm houses worth $1mln-$2mln in 2011... |
The volume of real-estate assets under construction in Moscow exceeds 1 trillion rublesThe main task facing the city in the construction sector, according to the deputy city mayor overseeing urban development policies, is to reduce this volume several times... |
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BMW does not intend to invest into new auto production plants in RussiaThe BMW Group Russia CEO, however, also noted that the Kaliningrad-based BMW’s Russia subsidiary, Avtotor, will produce 20,000 vehicles and increase its dealership centers in 2012... |
Volvo sums up its Russia operations in 2011 and announces plans for 2012The units' CEOs noted that in 2011 a special attention was paid to post-sales services to end customers, while their plans for 2012 include launching several new products... |
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Russlavbank and Russian Standard Bank launch a new online payment serviceThe new facility's reak beauty is the relative ease and convenience of getting all banking services in one office within a walking distance from home or places of work... |
VTB and Sberbank come under fire for fueling inflation and bank interest ratesResponding to CEOs complaints against Sberbank and VTB Group, Putin last month ordered the finance minister to fix the causes of unjustified growth of interest rates on bank loans for companies... |
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Majority of Russia’s largest banks in dire need of generous recapitalizationAccording to S&P data, only a few of the largest Russian banks’ capitalization as at the end of 2010 could be classified as 'adequate' or 'more than adequate'... |
Kremlin's 'Strategy 2020' meeting focuses on possible growth scenarios for RussiaThe high profile conference, attended by top bureaucrats, industry experts and business schools execs, was devoted to macroeconomics, a key component of the strategy... |
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