Economy & Politics

Latest News

Language

• Russian

• November 4, 2010 by Russia Briefing
  

  E-Commerce Market to Grow in Russia

  Nov. 4 – Russians will spend US$19.5 billion online this year, according to research of the market’s value released by Google Russia and Citibank on Tuesday. Spending by online shoppers will grow to US$26 billion in 2012 from US$20 billion anticipated this year, the study found.
• November 3, 2010 by Russia Briefing
  

  Daewoo and USC to Build Oil Vessels in Russian Far East

  Nov. 3 – Zvezda-DSME, the joint venture company between South Korea’s Daewoo Shipbuilding & Marine Engineering and Russia’s United Shipbuilding Corporation, signed a contract to build 18 oil carriers for state-owned shipping company Sovcomflot. The contract is valued at approximately US$800 million. According to the press service of Sovcomflot, the agreements provide for construction in[…..]
• November 2, 2010 by Russia Briefing
  

  Russia to Build First Vietnamese Nuclear Plant

  Nov. 2 – Rosatom signed an agreement Sunday to build the first nuclear power plant in Vietnam, the state nuclear corporation said on its web site. The two countries agreed to the deal last year and construction is to start in 2014 in the south-central coastal province of Ninh Thuan and be completed in 2020.[…..]
• November 1, 2010 by Russia Briefing
  

  Renault-Nissan to Raise its Stake in AvtoVAZ

  Nov. 1 – French auto-maker Renault SA and its Japanese alliance partner Nissan Motor Co. are in negotiations with Russian investment banking company Troika Dialog in a bid to purchase its 25 percent holding in Russia’s AvtoVAZ, the brokerage said Thursday. “As part of our long-term strategy, the alliance will continue to make investments in[…..]
• October 26, 2010 by Russia Briefing
  

  China to Invest in Russian Coal Producing Market

  Oct. 26 – China will issue a US$6 billion credit line to Russian coal producers for the development of greenfield coal deposits, Deputy Energy Minister Anatoly Yanovsky stated on Monday. “There will be a credit line opened and those companies that are interested in shipping coal to China … will reach an agreement,” Yanovsky said.
• October 21, 2010 by Russia Briefing
  

  U.S. Ketchum to Become a Big Player in Russian PR Market

  Oct. 21 – U.S.-based Ketchum Inc., a marketing and corporate communication agency, announced it has purchased a majority stake in Moscow-based Maslov PR, a leading Russian public relations company. The sides declined to disclose the value of the deal. The two firms have been successful partners for 15 years. Maslov PR’s founder and managing director[…..]
• October 19, 2010 by Russia Briefing
  

  Foreign Investors Asked to Contribute ‘Smart Investments’ in Exchange for ‘Interesting’ Stakes

  Oct. 19 – Prime Minister Vladimir Putin promised foreign investors on Monday that the government was ready to privatize “interesting” stakes in state-run companies but asked that they contribute “smart investments” of technology and know-how to improve the Russian economy. “Russia needs direct, private foreign investment. Not just capital, but also so-called ‘smart investments,’ or[…..]
• October 13, 2010 by Russia Briefing
  

  Visa to Increase Investment in Russian Market

  Oct. 13 – Visa, the world’s leading electronic payments network, is considering Russia as one of its priority markets that is crucial for the company’s growth, Steven Parker, Visa’s chief executive for Russia, said Tuesday. “Visa will invest into expanding acceptance in Russia, including in electronic commerce, and will further develop the electronic payments technology[…..]
• October 12, 2010 by Russia Briefing
  

  Gazprom to Boost Asian Market Supply

  Oct. 12 – Russian gas monopoly Gazprom may build plants to liquefy and compress natural gas on Russia’s Pacific Coast, Primorye Regional Governor Sergei Darkin said on Friday. The project will energize development in Russia’s Far East, boosting regional economies and allowing the region to compete with Middle East producers to supply Asian markets.
• October 6, 2010 by Russia Briefing
  

  Alrosa to Hold an IPO Next Year

  Oct. 6 – Alrosa, the world’s largest diamond-mining company, may hold an initial public offering next year that could value the company at between US$7.3 billion to US$9 billion, Vedomosti reports, citing an unidentified company official. The company may only conduct an IPO after it is converted from a closed joint stock company into an[…..]