Kandalaksha-Salla highway reconstruction project to receive €2mn investment
A total of €2mn ($2.6mn) will be additionally invested in the reconstruction of the highway linking the city of Kandalaksha and the town of Alakurtti in the northwest Russian Murmansk Region with the Salla checkpoint on the Russian-Finnish border as part of a Russia-EU border cooperation programme, said regional Governor Dmitry Dmitriyenko
A total of €2mn ($2.6mn) will be additionally invested in the reconstruction of the highway linking the city of Kandalaksha and the town of Alakurtti in the northwest Russian Murmansk Region with the Salla checkpoint on the Russian-Finnish border as part of a Russia-EU border cooperation programme, said regional Governor Dmitry Dmitriyenko
Published: 06.02.2012 17:44
SMP Bank issues loan to Transas Group
The branch of SMP Bank in the northwest Russian city of St Petersburg has opened a RUR500mn ($16.5mn, or €12.58mn) credit line for 24 months to the Transas transport safety systems company.
The branch of SMP Bank in the northwest Russian city of St Petersburg has opened a RUR500mn ($16.5mn, or €12.58mn) credit line for 24 months to the Transas transport safety systems company.
Published: 06.02.2012 17:44
North-West Bank of Sberbank’s RAS net profit up 290% in 2011
The net profit of the North-West Bank of Russia’s largest state lender Sberbank calculated to Russian Accounting Standards grew 290% in 2011, to RUR11.8bn ($390.2mn, or €296.9mn).
The net profit of the North-West Bank of Russia’s largest state lender Sberbank calculated to Russian Accounting Standards grew 290% in 2011, to RUR11.8bn ($390.2mn, or €296.9mn).
Published: 06.02.2012 17:35
Belarusian companies refine 3mn bbl of crude for LUKoil, Gazprom Neft, TNK-BP in January
LUKoil, Gazprom Neft and TNK-BP had 400,000 metric tons (2.94mn bbl) of crude refined for them in Belarus in January under give-and-take contracts
LUKoil, Gazprom Neft and TNK-BP had 400,000 metric tons (2.94mn bbl) of crude refined for them in Belarus in January under give-and-take contracts
Published: 06.02.2012 17:33
Kaluga region presents its economic potential in Danish embassy
The government of the central Russian Kaluga Region has held a presentation of its economic potential and investment climate in the Danish Embassy in Moscow
The government of the central Russian Kaluga Region has held a presentation of its economic potential and investment climate in the Danish Embassy in Moscow
Published: 06.02.2012 17:28
Fitch withdraws investment company Russ-Invest's ratings
Fitch Ratings said it has withdrawn Russia-based investment company Russ-Invest's ratings, including its long-term foreign currency issuer default rating (IDR) of B/Stable.
Fitch Ratings said it has withdrawn Russia-based investment company Russ-Invest's ratings, including its long-term foreign currency issuer default rating (IDR) of B/Stable.
Published: 06.02.2012 17:26
Financial markets regulator fines unified stock exchange
Federal Financial Markets Service (FMSS) head Dmitry Pankin said they will fine the newly merged exchange, MICEX-RTS, for failure to disclose information
Federal Financial Markets Service (FMSS) head Dmitry Pankin said they will fine the newly merged exchange, MICEX-RTS, for failure to disclose information
Published: 06.02.2012 17:23
Severstal says will invest $1.8mn in R&D this year
Cherepovets Steel Mill, part of Severstal Russian Steel, said it will channel RUR53.4mn ($1.8mn, or €1.34mn) to finance research and development in 2012.
Cherepovets Steel Mill, part of Severstal Russian Steel, said it will channel RUR53.4mn ($1.8mn, or €1.34mn) to finance research and development in 2012.
Published: 06.02.2012 17:20
Tagaz reports increase in production and marketing of vehicles
The Taganrog-based car plant, Tagaz, which managed to avoid bankruptcy by settling accounts with its creditors and last year, has announced an increase in vehicle manufacturing and marketing, most of them Vortex and Hyundai, in 2011
The Taganrog-based car plant, Tagaz, which managed to avoid bankruptcy by settling accounts with its creditors and last year, has announced an increase in vehicle manufacturing and marketing, most of them Vortex and Hyundai, in 2011
Published: 06.02.2012 17:19
LUKoil approves candidates for new board of directors
The Board of Directors of Russia’s second largest crude producer, LUKoil, approved lists of candidates for the Board of Directors and the Audit Commission to be elected at the 2012 Annual General Shareholders Meeting
The Board of Directors of Russia’s second largest crude producer, LUKoil, approved lists of candidates for the Board of Directors and the Audit Commission to be elected at the 2012 Annual General Shareholders Meeting
Published: 06.02.2012 17:17
TNK-BP plans to boost capex to $5bn in 2012
TNK-BP, the Russian oil venture half-owned by BP Plc, plans to boost capital expenditures to $5bn this year, Chief Financial Officer Jonathan Muir said as quoted by Bloomberg
TNK-BP, the Russian oil venture half-owned by BP Plc, plans to boost capital expenditures to $5bn this year, Chief Financial Officer Jonathan Muir said as quoted by Bloomberg
Published: 06.02.2012 17:15
Russia needs a strong federal centre to stabilise relations – Putin
Presidential candidate Vladimir Putin believes that regions can be enlarged only following careful consideration and with due account to people’s opinions
Presidential candidate Vladimir Putin believes that regions can be enlarged only following careful consideration and with due account to people’s opinions
Published: 06.02.2012 17:14
Russia may introduce temporary disqualification of officials – Putin
Prime Minister Vladimir Putin, who is running for president, has named seven priorities for building a competitive state
Prime Minister Vladimir Putin, who is running for president, has named seven priorities for building a competitive state
Published: 06.02.2012 17:12
Transportation scheme devised to connect Spartak, Dynamo, CSKA stadiums in Moscow
The Moscow authorities plan to connect the Spartak and CSKA stadiums, which are being built in the northwest and north of the capital, and the Dynamo stadium in Leningradsky Prospekt, which is undergoing reconstruction, in a single transportation scheme, Marat Khusnullin, deputy mayor for urban development and construction, told journalists
The Moscow authorities plan to connect the Spartak and CSKA stadiums, which are being built in the northwest and north of the capital, and the Dynamo stadium in Leningradsky Prospekt, which is undergoing reconstruction, in a single transportation scheme, Marat Khusnullin, deputy mayor for urban development and construction, told journalists
Published: 06.02.2012 17:10
Billionaire Svetakov pledges his property to secure loan for Absolut Bank
Billionaire Alexander Svetakov, the main owner of the Absolut investment group, has guaranteed a RUR2.5bn ($82.7mn, or €62.9mn) loan with his own property
Billionaire Alexander Svetakov, the main owner of the Absolut investment group, has guaranteed a RUR2.5bn ($82.7mn, or €62.9mn) loan with his own property
Published: 06.02.2012 17:08
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