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Business News

Alitalia offers its Russian passengers befitting New Year presents

One of Alitalias 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 Russia

Russian 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 debts

According to IFC, a subsidiary of WB, the volume of toxic credits in Russia is expected to reach $70bln by yearend...

Rosnefts new president becomes companys minority shareholder

Commenting on his acquisition, Khudainatov noted that investment of personal finances in Rosneft was an issue of priority for him as the companys CEO...

 

Yevtushenkov offers innovative solution for fixing high accident rates on Russian roads

To successfully execute this project, Yevtushenkov calls on lawmakers to legislatively oblige all cars in Russia to be equipped with navigators...

Vneshekonombank denies intention to sell or transfer its EADS stake to third parties

The current crisis and EADS other internal problems have pulled down the stakes market value, a development that led to the speculation on the VEBs readiness to offload the stake to avoid its further devaluation...

Issue: August 2010, Vol. 5, No. 7     Author: Edwards Johnson
Tags: VEB
 

IFC partners with EOS Group in tackling nonperforming bank loans in Central and Eastern Europe

Commenting 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...

Issue: August 2010, Vol. 5, No. 7     Author: Edwards Johnson
Tags: IFC

Moscow and Washington set deadline for completing Russias WTO negotiations

Stumping 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...

Issue: July 2010, Vol. 5, No. 6     Author: Olga Vasilyeva
Tags: WTO
 

Minsk and Moscows strategic relations untainted by the explosive gas pricing dispute

Belarus President Alexander Lukashenko has said the recent gas debts conflict between Minsk and Moscow will not lead to a breakdown in bilateral strategic ties...

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 Commonwealths 20th anniversary

The 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...

Medvedev deepens strategic cooperation with key partners on his Middle East tour

Russian 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 $10bln

To 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...

Negative crisis consequences still to be felt in the economy for at least one more year

The 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 economy

Other 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...

Issue: June 2010, Vol. 5, No. 5     Author: Olga Vasilyeva
Tags: RSPP

A clinical diagnosis for Russian businesses woes on local and foreign markets

Surkov 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...

Issue: June 2010, Vol. 5, No. 5     Author: Olga Vasilyeva
Tags: Surkov
 

Alitalia and Air One present new features of summer season 2010

According 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...

Issue: May 2010, Vol. 5, No. 4     Author: Olga Vasilyeva
Tags: Alitalia

IBA and OPORA Rossii set platform for deepening Russian-Indian business ties

The Indian side was led by IBA President Sammy Kotwani and CEOs of Indian companies in Russia, while OPORA Rossii was represented by the organizations president, Sergei Borisov, and his deputies....

Issue: May 2010, Vol. 5, No. 4     Author: Alex Freedmann
Tags: IBA
 

Top foreign firms pen historic anti-corruption business conduction pact in Russia

Briefly put, the agreement obliges all its signatories to exclude corrupt practices both directly and indirectly in their operations in Russia...

Tatneft invests millions into protection and purification of rivers in areas of operations

In 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...

Issue: May 2010, Vol. 5, No. 4     Author: Alex Freedmann
Tags: Tatneft
 

Finnish food group Atria expanding its meat-processing business in Russia

Commenting on the new complex, Juha Ruohola, Astrias vice president in Russia, noted that the new facility will not only increase the companys industrial potential, but also improve its stability, quality and safety parameters...

Issue: May 2010, Vol. 5, No. 4     Author: Edwards Johnson
Tags: Atria

Top industry leaders call for huge investments into small oil wells development

According 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...

Issue: May 2010, Vol. 5, No. 4     Author: Alex Freedmann
Tags: Tatneft
 

Kremlin continues its policy of deepening ties with Latin American countries

Russian 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...

Russia and Jordan to further strengthen their highly productive bilateral cooperation

In 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 Europe

Russian Prime Minister Vladimir Putin said Moscow highly appreciates the aspiration of Croatia to strengthen its multidimensional cooperation with Russia...

Tycoon Vekselberg to oversee the creation of Russias Silicon Valley dream project

The 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 Moscow

Commenting 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...

Lebedev expands his media business in the United Kingdom

Negotiations 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...

Issue: April 2010, Vol. 5, No. 3     Author: Olga Vasilyeva
Tags: Lebedev
 

Daimler and EBRD acquires a 5% of Kamaz stake from Troika Dialog

The 5% stake was acquired by Daimler and EBRD from Troika Dialog for an undisclosed sum, thus reducing the investment banks stake in Kamaz from 44% to 39%...

Issue: April 2010, Vol. 5, No. 3     Author: Olga Vasilyeva
Tags: EBRD

VEB to help Sberbank to create national card payment system

Vladimir 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...

Issue: April 2010, Vol. 5, No. 3     Author: Olga Vasilyeva
Tags: VEB
 

UralSib, Mastercard and Aeroflot launch travelers bank credit cards

Explaining 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...

Tatneft marks 10th year anniversary in tire business with completion of another project

Thanks to this program, the volume of tire production in this factory had grown by over one-and-a-half times, in comparison with 1999s data, to 12.5mln units per year in 2008...

Issue: April 2010, Vol. 5, No. 3     Author: Alex Freedmann
Tags: Tatneft
 

Russian president discusses global economy with World Bank president

Russian President Dmitry Medvedev and World Bank President Robert Zoellik discussed global economic issues and possible expansion of Russian participation in WBs projects...

Russia boosting full-scale presence in Latin American countries

Russian 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 Greeces leader in Russia to seek support and closer ties with Kremlin

After 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...

Renova to execute Kamchatka Gold IPO at the Hong Kong Exchange by yearend

According 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 presentation

The 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...

A prodigal oligarch returns home to focus on investment activities across Russia

Specifically, 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 stocks

NYSE Euronext Vice President Ronald Kent said the Paris-based exchange is ready to receive Russian companies interested in listing their stocks on the exchange...

Tatneft improves ecological safety at its production plants

One of the most perspective of these is the project dedicated to increasing the effectiveness of utilization of APG between 2009 and 2013...