Russian imports from outside CIS up 9% in January-February
In January-February 2010, Russian imports from countries outside the CIS amounted to $19.748bn, up 8.8% from the same period of last year, according to preliminary information from the Federal Customs Service.
In January-February 2010, Russian imports from countries outside the CIS amounted to $19.748bn, up 8.8% from the same period of last year, according to preliminary information from the Federal Customs Service.
Published: 10.03.2010 14:35
Government gives Rosneft Sakhalin licence without tender
The Russian government has decided to give Rosneft, the country’s largest state oil producer, a licence for development on the Sakhalin shelf without a tender. A corresponding resolution was signed on February 24, 2010.
The Russian government has decided to give Rosneft, the country’s largest state oil producer, a licence for development on the Sakhalin shelf without a tender. A corresponding resolution was signed on February 24, 2010.
Published: 10.03.2010 14:33
Russia’s biggest steel producer loses $1bn
Alexei Mordashov’s Severstal, one of the leaders on the Russian steel market, reported a net loss of $1.037bn under IFRS for 2009, compared to a profit of over $2bn in 2008.
Alexei Mordashov’s Severstal, one of the leaders on the Russian steel market, reported a net loss of $1.037bn under IFRS for 2009, compared to a profit of over $2bn in 2008.
Published: 10.03.2010 14:31
Sibur transfers $1mn to support FC Krylia Sovetov
Russia’s leading petrochemicals company, Sibur, has transferred RUR30mn ($1mn, or €740,924) worth of donation to support the football club Krylia Sovetov, the company’s press service said.
Russia’s leading petrochemicals company, Sibur, has transferred RUR30mn ($1mn, or €740,924) worth of donation to support the football club Krylia Sovetov, the company’s press service said.
Published: 10.03.2010 14:29
RusHydro to invest $3.3bn in 2010
The board of directors of Russia’s largest hydroelectric utility, RusHydro, has approved an investment programme of RUR97.1bn ($3.26bn, or €2.4bn) for 2010.
The board of directors of Russia’s largest hydroelectric utility, RusHydro, has approved an investment programme of RUR97.1bn ($3.26bn, or €2.4bn) for 2010.
Published: 10.03.2010 14:27
Court invalidates additional share issue of Moskva Department Store
The Presidium of Russia’s Supreme Arbitration Court on Tuesday invalidated the additional share issue of the Moskva Department Store floated in 2007.
The Presidium of Russia’s Supreme Arbitration Court on Tuesday invalidated the additional share issue of the Moskva Department Store floated in 2007.
Published: 10.03.2010 14:25
Sberbank to vie for a stake in Turkish bank
Russia’s largest state lender, Sberbank, plans to take part in a tender for a 20.85% stake in Turkish Garanti Bank sold by GE.
Russia’s largest state lender, Sberbank, plans to take part in a tender for a 20.85% stake in Turkish Garanti Bank sold by GE.
Published: 10.03.2010 14:23
Czech CGS Tyres to set up joint venture in Russia
CGS Tyres, the Czech-based producer of a wide range of agricultural, industrial, and motorbike tyres, plans to launch a joint venture in Russia in 2012-2013, Jozef Rucek, director of the company’s Moscow office, said at a presentation on Tuesday.
CGS Tyres, the Czech-based producer of a wide range of agricultural, industrial, and motorbike tyres, plans to launch a joint venture in Russia in 2012-2013, Jozef Rucek, director of the company’s Moscow office, said at a presentation on Tuesday.
Published: 10.03.2010 14:21
Russian military to establish its own WiMAX
State provider Voentelecom serving the Defence Ministry and other military agencies plans to establish its own WiMAX network for broadband wireless access to the Internet.
State provider Voentelecom serving the Defence Ministry and other military agencies plans to establish its own WiMAX network for broadband wireless access to the Internet.
Published: 10.03.2010 14:18
Auchan to open 13th hypermarket in Russia
French retailer Auchan plans to open its 13th hypermarket in Russia in April. The new store, Auchan City, will appear in the Filion shopping centre in western Moscow, using the premises formerly owned by another French chain, Carrefour.
French retailer Auchan plans to open its 13th hypermarket in Russia in April. The new store, Auchan City, will appear in the Filion shopping centre in western Moscow, using the premises formerly owned by another French chain, Carrefour.
Published: 10.03.2010 14:16
Inter RAO to develop financing scheme for Cuban power plant project
Russian power trader Inter RAO is working on a project to upgrade Cuba’s Maximo Gomez thermal power plant in Mariel. The first stage of the project involving development of financing schemes will begin in summer.
Russian power trader Inter RAO is working on a project to upgrade Cuba’s Maximo Gomez thermal power plant in Mariel. The first stage of the project involving development of financing schemes will begin in summer.
Published: 10.03.2010 14:11
Russia, Sweden sign cooperation deals
Russia and Sweden have signed a series of cooperation deals, including in energy and space exploration. The signing ceremony followed the negotiations between Russian President Dmitry Medvedev and visiting Swedish Prime Minister Fredrik Reinfeldt, who supervised the process.
Russia and Sweden have signed a series of cooperation deals, including in energy and space exploration. The signing ceremony followed the negotiations between Russian President Dmitry Medvedev and visiting Swedish Prime Minister Fredrik Reinfeldt, who supervised the process.
Published: 10.03.2010 14:09
Russian auto market contracts by another 34%
Sales of new cars and LCVs dropped by 87,033, or 34%, year on year in the first two months of 2010, according to the Automobile Manufacturers Committee of the Association of European Businesses (AEB).
Sales of new cars and LCVs dropped by 87,033, or 34%, year on year in the first two months of 2010, according to the Automobile Manufacturers Committee of the Association of European Businesses (AEB).
Published: 10.03.2010 14:03
Fitch rates Bank VTB's senior Eurobond final BBB
Fitch Ratings has assigned VTB Capital S.A.'s €1.25bn issue of 6.465% limited recourse loan participation notes, due March 4, 2015, a final long-term rating of BBB.
Fitch Ratings has assigned VTB Capital S.A.'s €1.25bn issue of 6.465% limited recourse loan participation notes, due March 4, 2015, a final long-term rating of BBB.
Published: 10.03.2010 13:57
IFC to provide €170mn for airport reconstruction in St Petersburg
The International Finance Corporation (IFC), a division of the World Bank, may offer about €170mn for reconstructing Pulkovo Airport in St Petersburg.
The International Finance Corporation (IFC), a division of the World Bank, may offer about €170mn for reconstructing Pulkovo Airport in St Petersburg.
Published: 10.03.2010 13:55
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