About: Russia Briefing

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    Transneft Could Issue IPO

    Apr. 13 – Prosperity Capital Management, East Capital International and Vostok Nafta Investment, who own 17 percent of the monopoly’s privileged shares, have proposed issuing an IPO for Transneft. Prosperity announced on Friday that they sent a letter to RF Energy Minister Sergei Shmatko, who heads the board of directors, and Deputy Prime Minister Alexei[…..]

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    Russia’s E-Government Project Reaches its First Stage

    Apr. 9 – As a part of the Federal e-government project, a state e-mail service will start its trial period this week in Russia. The service will allow citizens to communicate with officials and have access to public services via the Internet by the end of 2010, as announced by the Russian CNews. The e-mail[…..]

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    Russian Companies to Acquire ICQ

    Apr. 7 – “ICQ might become Russian,” Russian newspaper Vedomosti proclaimed yesterday. Parent company AOL has collected binding offers filed by Russian Internet investment groups Digital Sky Technologies (DST) and Prof-Media to purchase ICQ’s instant-messaging service and also from Chinese company Tencent. According to multiple reports DST started the early stages of negotiations to acquire[…..]

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    Russia goes Socialist on Pension Plans

    Apr. 6 – Russia will spend a record amount of money for pensioners this year, with almost 10 percent of gross national product going into pension funds as the Russian Federation joins the ranks of countries with the highest mandatory pension payments. After increased pension payout deductions planned for 2011 (from 20 to 26 percent[…..]

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    Russian Judicial Loophole May Hamper Foreign Transactions

    Apr. 2 – Any deal to buy a strategic enterprise by a Russian company that has foreign daughter companies may be declared null and void. Blame the broad interpretation by the Federal Anti-Monopoly Service and the courts for their elastic notion of what constitutes a group of persons. Even major Gazprom deals could be contested.[…..]

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    Daimler Trucks Expands its Local Presence in Russia

    Mar. 31 – Daimler AG and Russia’s investment bank Troika Dialog have signed a memorandum of understanding regarding the strengthening of Daimler’s role in the Russian truck manufacturer KAMAZ, through the acquisition of five percent of the KAMAZ shares held by Troika Dialog. Under this plan, Daimler AG and the European Bank for Reconstruction and[…..]

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    Retail Giant Auchan to Declare 2009 Turnover in a Court Ruling

    Mar. 30 – French retail giant Auchan, which has never publicized its financial indicators in Russia, has now been compelled to do so in a judicial dispute with tax inspectors. The operational company of the hypermarket network Auchan, is trying to challenge the decision of the Moscow branch of The Russian Federal Tax Service (FTS)[…..]

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    Russia Needs Modernization as Well as a Welcoming Business Climate

    Mar. 29 – The American Chamber of Commerce in Russia’s 10th annual Investment Conference held last week examined current trends and their likely impact on the business environment in the country. The theme of the 2010 conference was “A Post-Crisis Russia: Modernization is the Way Forward.” AmCham representatives said Russia still needed to deal with[…..]

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    Russia May Simplify Alien Visa Regulations

    Mar. 26 – The Ministry of economic development and trade (MEDT) wants to simplify a visa regulations for highly qualified foreigners. In particular, the ministry suggests canceling quotas on delivery of work permits and delivery of invitations to entrance, and also to do without the coordination of their hiring with employment officials. Now the state[…..]

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    Investments Aid ‘Boom Time’ in St. Petersburg Region

    Mar. 12 – Foreign investments into the St. Petersburg region have grown almost 30 percent in 2009 compared to 2008 and have so far totaled US$1.3 billion. These indicators have allowed the region to remain one of leaders on rates of increase in foreign investments in Russia. The main investors are United States (45.4 percent[…..]

Showing 10 of 702 articles