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Author: Edwards Johnson

Nezavisimost releases report for 2011 and outlines its new plans for the future

The 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 cars

If 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 Award

A total of 54 showrooms, including those of Audi, Bentley, Volkswagen, Ferrari, Maseratti, took part in the “Best of the Best” contest in 17 nominations...

Russia heeds Greenpeace’s recommendation to slap a special fee on carmakers

Explaining 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...

 

Quintiles and RVC Biofund to expand clinical development capabilities in Russia

Commenting 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...

Russian young business executives launch Leaders Club non-profit partnership

Artem 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 seal

Maxim Protasov, the union's head, said the Quality Seal concept will be finalized either by the end of 2012 or early next year...

Alpari brokerage to simplify foreign assets investment procedures for Russian clients

The 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 building

Viktor Vekselberg, the group owner, said bringing criminal charges against his company will be a big surprise for everyone in and outside the company...

Average growth rate of elite suburban cottages’ prices to reach 12% in 2012

The 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 rubles

The 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...