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Business News

Reappointed Russian Railways Corp. chief highlights railway development plans

Vladimir Yakunin, the president of Russian Railways Corp., reappointed for in June, has disclosed ambitious plans to further develop the state company...

Tatnefts petrochemical subsidiary conquers the world with its quality products

A significant role in Tatarstans economy belongs to Tatnefts subsidiary, which includes Tatneft-Neftekhim Management Co. and TANECO...


Moscow and Ivanovo Region pen a broad cooperation agreement

Commenting on the penned document, Ivanovo Region Gov. Mikhail Men stressed that the agreement is aimed at preserving all the existing accords signed by the two partners...

Issue: July 2011, Vol. 6, No. 6     Author: Andrei Ivanov
Tags: Sobyanin

This summer traveling with Alitalia becomes more comfortable

The new policy aimed at boosting its passengers comfort includes provision of special privileges to clients that will purchase tickets between now and end of September...


Russias national carrier Aeroflot declared best airline in Eastern Europe in 2011

Aeroflot, Russia's largest airline, received the international prize SkyTrax World Airline Award as the Best Airline in Eastern Europe in 2011 at Bourget...

Increasing cases of blinding pilots with lasers pose threat to flight safety

The latest incident occurred in mid-June in Rostov-on-Don, when the crew of UTair airline's B737 was blinded on its approach to the local airport...


Home Credit hires a new top executive for its Moscow business operations

The new executive, Alexei Karchazhkin, will be in charge of banking products sales, service quality level and network development in Moscow and Moscow Region...

Ford and Sollers pen an agreement on creation of a new auto JV business in Russia

The agreement was penned by Ford Europe chairman and CEO and Sollers CEO Vadim Shvetsov at an official ceremony attended by Prime Minister Vladimir Putin...

Issue: July 2011, Vol. 6, No. 6     Author: Irina Kozlova
Tags: Sollers

Ekonika crowns its rebranding procedures with a new corporate name

The companys new name Novard comes from the ancient word navarh, which means the flagship of a fleet...

Issue: June 2011, Vol. 6, No. 5     Author: Andrei Ivanov
Tags: Ekonika

Demand for Prokhorovs People's Yo-mobile overshoots targeted annual production plans

According to the company's data, the results of the preliminary order reservations, which kicked off on May 16, have shown that the demand for Prokhorovs peoples car has exceeded its projected annual production target...

Issue: June 2011, Vol. 6, No. 5     Author: Andrei Ivanov
Tags: Prokhorov

Multibillionaire Lebedev seeking buyers for a controlling stake in his bank

The multibillionaire specially emphasized that his bank does not have any problems, as it has a clear structure of assets and liabilities...

Issue: June 2011, Vol. 6, No. 5     Author: Andrei Ivanov
Tags: Lebedev

Thailand and Russia agree to boost bilateral cooperation in the MICE sphere

An MoU on this issue was signed by RTBC and TCEB leaders, who called the step a new base for further strengthening the ongoing ties between Russia and Thailand...

Issue: May 2011, Vol.6, No. 4     Author: Inga Friedelhaus
Tags: MICE

Ingosstrakh posts its preliminary financial performance results for first quarter of 2011

Ingosstrakh CEO, who disclosed these data in April, noted that the highest rates of increases in premiums were recorded in agro, air and maritime insurance...

English First becomes an official provider of language training services to Sochi-2014

Speaking at the agreement signing ceremony, SOC-2014 CEO noted that EF has demonstrated its highest standard via its deep experience with the Olympics...


Novatek and Total sign strategic cooperation memorandums in the energy sector

The documents were signed by Novatek President Leonid Mihelson and Total President Christophe de Margerie at the presence of Russian Prime Minister Vladimir Putin...

RCCI head pledges to improve investment climate worsened by the Yukos case

Most of this negative media hype, according to the new RCCI chief, is not based on acquaintance with the materials of the case, but on raw emotions...

Issue: April 2011, Vol. 6, No. 3     Author: Inga Friedelhaus
Tags: RCCI

JSFC Sistema board approves companys transformation into investment fund

According to the Sistema board of directors, these transformations were dictated by the need to switch from an operational holding model to an investment fund model...

Issue: April 2011, Vol. 6, No. 3     Author:
Tags: JFSC Sistema

Putin and King of Spain agree to cooperate on Sochi Olympics and World Cup projects

During the talks, Putin noted that Russia and Spain have lots of interesting and perspective projects in all aspects of bilateral cooperation...


VEB expresses readiness to financially support the Sollers-Ford joint project

The alliance between Sollers and Ford was created in February soon following the termination of a similar agreement between Sollers and Italys Fiat to set up a JV...

Aeroflot and Sheremetyevo Airports destines tied up in single development strategy

The decision was made by Russian Transportation Minister Igor Levitin, who also doubles as both corporations BoDs chairman...


VTB exerts its control over the new management of Bank of Moscow

The VTB control over the bank became possible in February, when it acquired a 46% stake in the bank from the Government of Moscow for 103bln rubles...

Issue: March 2011, Vol. 6, No. 3     Author: Alex Freedmann
Tags: VTB

Production of strategically vital glass fiber in Tatarstan

The importance of glass fiber stems from the fact that composite materials made from it have unique features and advantages compared with traditional industrial materials...

Issue: March 2011, Vol. 6, No. 3     Author: Alex Freedmann
Tags: Tatneft