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    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[…..]

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    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[…..]

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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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    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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    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[…..]

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    Russian Economy Posts First Growth on Annual Basis Since 2008

    Mar. 9 – The Russian economy grew last month on an annual basis for the first time since November 2008, an indicator derived from service and manufacturing surveys based on opinions of leading Russian corporations’ managers, executed by the VTB Capital, showed. The economy of the world’s largest energy exporter expanded 0.5 percent after shrinking[…..]

Showing 7 of 477 articles