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• May 18, 2010 by Russia Briefing
  

  Russia’s Capital Outflow Hits US$203 Million

  May 18 – After three months of unbroken inflow, investors have started taking out capital from Russia and CIS country-oriented funds. According to fund tracker EPFR Global, capital outflow has reached US$203 million in the region, compared to losses of US$332 million in China, US$247 million in Brazil, US$189 million in India, and US$351 million[…..]
• May 14, 2010 by Russia Briefing
  

  State Plans Could Cripple Vladivostok’s Outdoor Advertising Revenue

  May 14 – The State Duma might halve Vladivostok’s outdoor advertising market to give the city a face lift ahead of the 24th Asia-Pacific Economic Cooperation (APEC) Summit, to be held in the city in 2012. The bill, which can grant Vladivostok administration rights to forbid outdoor advertising in certain parts of the city, was[…..]
• May 11, 2010 by Russia Briefing
  

  Russia Gold Producer Polimetall Rakes in First Profit in Three Years

  May 11 – Leading Russian gold and silver producer Polimetall has registered profits for the first time in three years, announcing a US$96 million net income in 2009. The company’s growth has been brought around by favorable gold prices. According the company’s press release, the company made US$96 million net income in 2009 compared to[…..]
• May 10, 2010 by Russia Briefing
  

  Novosibirsk Mortgage Credit on a ‘Post-Crisis’ Mend

  May 10 – Long term commercial mortgage credit issuing grew two times faster on average in the Novosibirsk region than in the rest Russian Federation, reports the Central Bank. Over 40,400 commercial mortgages were issued in Russia between January and March 2010 amounting to a sum total of 48.95 billion rubles. Compared with the same[…..]
• May 5, 2010 by Russia Briefing
  

  Twitter Attracts Russian Government Agencies

  May 5 – The Federal Financial Markets Service (FFMS) has started publishing its news on the microblogging service Twitter. “We registered an FFMS account and the first news about Instruction of Derivative Financial Tools has been published,” said FFMS chief Vladimir Milovidov yesterday. The Federal Financial Markets Service is the second Twitter-established Russian government service[…..]
• April 28, 2010 by Russia Briefing
  

  Russia’s Economic Recovery Prompts Salary Renewal and New Jobs

  Apr. 28 – St. Petersburg’s private sector is showing some signs of recovery from the Global Economic Crisis. Companies have gradually started to renew revision of salaries with the average increase estimated at 10 percent, reports the Vedomosti newspaper. This month a British-American tobacco giant in St. Petersburg factory raised the salaries of 95 percent[…..]
• April 27, 2010 by Russia Briefing
  

  Russia Returns to the International Bond Market

  Apr. 27 – After eight days spent on a road show in Asia, Europe and the United States, Russia has returned to the international bond market when it placed two tranches of sovereign Eurobonds of US$5.5 billion, from an expected 7 billion. It sold US$2 billion in five year bonds with 3.74 percent and US$3.5[…..]
• April 21, 2010 by Russia Briefing
  

  Russian Firms Race Ahead to Raise IPOs

  Apr. 21 – Four firms from Russia and Ukraine pressed ahead with share offerings to raise up to US$2 billion, with two lowering valuations following weak demand for a placement last week and a fall in share prices on Monday, Reuters reports. Dozens of Russian companies plan initial public offerings this year, seeking to replenish[…..]
• April 16, 2010 by Russia Briefing
  

  Russian VimpelCom Announces Ukraine Merger and 3G Network Launch

  Apr. 16 – Russian VimpelCom will finalize its amalgamation with Kiev-based ZAO Kyivstar GSM provider of wireless telecommunications services within a week, said the company’s executive vice president Martin Furuset. The stock-swap transaction is valued at US $5.516 billion. “The merger has yet to go through. It will be decided in about a week or[…..]
• April 9, 2010 by Russia Briefing
  

  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[…..]