Author: Edwards Johnson

Russian government, local and foreign investors discuss ways to develop the Yamal gas deposits

Specifically, the meeting focused on the framework of programs to develop the region and the expected scope of private capital in the realization of the outlined projects...

Russian and Indian trade and economic relations unhurt by current global crisis

President Medvedev specially noted that further development of friendly relations with India has always been and still remains one of Russia's foreign policy priorities...

Putin calms local and foreign investors at the VTB Capital investment forum

Putin detailed the short- and medium-term strategies as well as long-term measures adopted by the state to combat the current crisis and lift the economy into a new level in the postcrisis era...

A day in court for Arbat Prestige principal shareholder and CEO

The criminal case against Vladimir Nekrasov, the ex-owner and former CEO of Arbat & Co., which owns the Arbat Prestige network of perfumery shops in Russia, enters its final stages as the defender is soon due in court...

London High Court orders Chigirinsky to pay Rub3.24bln to VTB

It is retribution time, as financially distressed Russian oligarchs defaulting on their multibillion obligations are being forced by courts to honor creditors’ debt claims along with accrued interests and penalties for untimely repayments...

Court arrests Mirax’s properties on Alfa Bank suit to prevent assets divestment

Mirax Group’s mounting financial woes deteriorated further in August following a court arrest of its two Moscow-based core assets on Alfa Bank’s legal suit aimed at preventing the debtor from asset divestments...

Interviews

Best Courier has justified its name on the Russian express-delivery services market

In his interview, Alexander Pechagin, sales director of Best Courier, talked about his company and its responses to current market and economic challenges...

Business & Finance

Russia-U.S. business summit gets a boost from Medvedev-Obama presence

The presidents' participation in this year's Russia-US business forum, organized by both countries' business execs, raises the status of the summit and its deliberations...

Economy

High-profile BRIC and SOC summits in the Russian Urals echo across the globe

The leaders of the BRIC group have announced plans to transform the currently amorphous union into a more powerful intergovernmental alliance at their maiden official summit in Yekaterinburg, Russia...

Hotels & Restaurants Guide

Grand opening of modern business hotel Al Pash Grand Hotel

Astrakhan Region Gov. Alexander Zhilkin, St. Petersburg Bank Board Chairman Alexander Savelyev, Astrakhan Mayor Sergei Bozhenov and Alikber Pashaev, the hotel owner, took part in the traditional red-ribbon cutting ceremony....

Hotels & Restaurants Guide

AZIMUT Hotels Company sees budding sprouts of positive market dynamics

In its report, AZIMUT Hotels Company noted the positive dynamics in the industry, good news for the industry, especially after the difficulties in the first three months of the year caused by the global crisis...

Markets Reviews

The Russian equities market: monthly trading activities roundup

The Russian equities market displayed strong positive growth in May, as its major performances indicators crossed the psychological landmark of 1,000 points, the first time since 2008...

TNT Express’s gross volume of operations surges 26% in Russia

Commenting on the company's 2008 performance, Harro van Graafeiland, CEO of TNT Express in Russia, noted that the robust growth in domestic shipments stemmed from the expansion of the company's regional network and portfolio of services in Russia...

Italy honors Kusnirovich with national award

Mikhail Kusnirovich, the famous Russian businessman and owner of company Bosco di Ciliegi, was awarded Italy’s esteemed Leonardo for what the award donor, the Italian Quality Committee, has called the recipient’s significant contributions to the promotion of Italy's image in the world...

OPK signs MoU with top Japanese leading shipbuilding companies

Within the cooperation framework, OPK plans to modernize its shipbuilding capacities in Severanya Shipyard and Baltiysky Zavod to enable it build large shipping vessels, including construction of LNG carriers, with the support of its Japanese partners...

RSPP and Kremlin to jointly seek solutions to problems confronting Russian businesses

Speaking at a Kremlin meeting with the RSPP leadership, President Medvedev said the government will henceforth work more closely with the business community to search for the most optimal ways of solving the most pressing problems faced by companies in crisis times...

Corporate News

Airbus pens $4bln titanium procurement deal with Russia’s VSMPO-Avisma

The Airrbus CEO noted the strategic nature of its cooperation with VSMPO-Avisma, the growing role of titanium in the aircraft construction industry and Airbus' interest in boosting the scope of its cooperation with other Russian companies in other related industries...

Microsoft Corp. and Space Research Institute to co-launch a scientific research center in Russia

According to the signatories, the noncommercial agreement, amongst others, provides for carrying out joint researches into factors that influence global climate changes, other key ecological issues and the interrelations between them...

VTB Group strengthens its position in football and related investment spheres

According to the memorandum signed by the VTB Group and Dynamo Society, the owner of the Dynamo Moscow Football Club (FC)and its Peterovsky Park Stadium, currently being developed by Dynamo assets management firm, VTB will control a 75%-minus-one-share stake in the assets management firm and 74% stake in the FC...

Economy

London G20 summit reboots capitalism in search for a better economic model

The urgent need for ‘rebooting’ the current model of capitalism does not only stem from the collective search for quick exit strategies from the current crisis, but also from the long-overdue craving to clog the loopholes responsible for the perennial cyclic repetitions of avoidable crises in the global economy...

Markets Reviews

The Russian equities market monthly roundup

The Russian equities market displayed some signs of recovery in the last week of March, a budding positive trend that arose from the expectation of adoption of critically vital anticrisis strategies at the London G20 Summit...

Markets Reviews

The Russian equities market monthly roundup

The seriously battered Russian equities market showed faltering signs of life in February, as its two major bourses — RTS and MICEX — exhibited divergent trends that reflected the global crisis-instigated instability in the local economy...

S7 Airline confirms cancellation of Boeing Dreamliner purchase contract

In a big blow to Boeing's pet project global sales prospects, Russian airline S7 has confirmed cancellation of a contract to purchase 15 Dreamliners, previously valued at $2.4bln...

Interviews

MIBA is a cooperation platform for government and businesses

As a bridge between political and business circles, evident in his top positions in and outside the city government, Vladimir Malyshkov talks about the Moscow government’s agenda for businesses...