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• December 6, 2010 by Russia Briefing
  

  Investors in Russia are Looking for Hospitality

  Dec. 6 – Foreign investors are more interested in the regulatory environment, favorable taxes and the regional authority’s attitudes than location, natural resources and infrastructure, according to a survey of the investment milieu in Russia. The survey was carried out jointly by the Russian Union of Industrialists and Entrepreneurs (RSPP) and KPMG, an international public[…..]
• December 3, 2010 by Russia Briefing
  

  PepsiCo to Become Russia’s Top Food and Beverage Company

  Dec. 3 – PepsiCo will become the largest food and beverage company in Russia by acquiring a controlling stake in juice and dairy giant Wimm-Bill-Dann, which, in turn, will make Russia Pepsi’s biggest international market. PepsiCo will buy 66 percent of Wimm-Bill-Dann for US$3.8 billion, marking one of the biggest foreign investments ever in Russia[…..]
• December 2, 2010 by Russia Briefing
  

  Russia Wants to Boost Number of Highly Skilled Expats

  Dec. 2 – Russia should double or even triple the number of qualified foreign specialists working in the country, Konstantin Romodanovsky, head of the Federal Migration Service, said at the Federation Council, ITAR-TASS reported. Under the Economic Development Ministry’s estimates, Russia has to annually attract 40,000 to 60,000 qualified foreign specialists to help implement its[…..]
• November 30, 2010 by Russia Briefing
  

  Foreign Firms to Develop Moscow’s Metro

  Nov. 30 – Moscow mayor Sergei Sobyanin suggested attracting foreign firms to construct the city’s new underground transportation lines. As he said at the city hall meeting, attracting foreign builders would ensure stability in enforcing contracts and improve the quality of work. “I request that not only two to three homegrown companies work in this[…..]
• November 29, 2010 by Russia Briefing
  

  Thomas Cook to Invest US$45 Million into Russian Travel Market

  Nov. 29 – Intourist, the Soviet day’s tourism monopoly, and Thomas Cook, Europe’s second-largest tour operator which has been chasing a deal for almost two years, will invest up to US$45 million in Russia’s oldest travel business in order to enter the fast-growing country’s tourism market. Thomas Cook will get a 50.1 percent stake in[…..]
• November 23, 2010 by Russia Briefing
  

  Russia to Create ‘Titanium Valley’

  Nov. 23 – Rolls-Royce Group and Goodrich Corp. may set up production in Russia’s new “Titanium Valley” special economic zone in the Urals Federal District, according to Sergei Chemezov, chief executive officer of Russian Technologies Corp. The Russian government plans to create the US$1.3 billion “Titanium Valley” special economic zone in the Ural Mountains, which[…..]
• November 22, 2010 by Russia Briefing
  

  Russia’s MoJ Wants Domestic Law Firms to Have Increased Presence

  Nov. 22 – Russia’s Ministry of Justice wants to disrupt the leadership of foreign law firms in the country’s legal market, Russian gazeta.ru reports. “About 90 percent of Russia’s legal services market is occupied by foreign legal firms,” Russian Minister of Justice Alexander Konovalov said on Wednesday, having qualified such situation as “abnormal.”
• November 19, 2010 by Russia Briefing
  

  PwC Optimistic about Russia’s M&A Mid-Market Prospects

  Nov. 19 – Russia’s merger and acquisition mid-market was less affected by the crisis as compared to the overall M&A market, PricewaterhouseCoopers stated in its survey named “Regained Confidence: Mid-Market M&A in 2009–1H 2010.” The overall M&A market has not yet recovered, but investor confidence is returning and macroeconomic forecasts are positive.
• November 15, 2010 by Russia Briefing
  

  Sberbank to Issue AmEx Cards in Russia

  Nov. 15 – Russia’s largest bank, state-owned Sberbank, and American Express today announced that Sberbank will become an American Express card-issuing partner in Russia. Sberbank plans to launch the issue of premium and super-premium American Express cards in early 2011. For this purpose, the bank will offer its clients the chance to open deposits in[…..]
• November 10, 2010 by Russia Briefing
  

  Bank of America Merrill Lynch to Sell State’s 10 Percent Stake in VTB Bank

  Nov. 10 – The Russian cabinet introduced Bank of America Merrill Lynch to sell its 10 percent stake in VTB Bank, government officials said to the Russian daily Vedomosti. Russia’s second-largest lender, VTB Bank, is 85.5 percent owned by the state. By 2016, the government plans to reduce its stake in 900 companies while maintaining[…..]