Latest News

Showing 10 of 725 articles
  • by

    Chinese Investors to Develop Russia’s Far East

    Jun. 25 – The advisory council for Russia’s Ministry of Regional Development approved eight projects from more than 200 joint projects planned for 2009-2018 in frontier regions of Russia and China. According to the list of investment projects published on the ministry’s web site, long term Russian-Chinese cooperation will start from the Chukotka region’s Beringovsky[…..]

  • by

    Russia Moves to Protect Businessmen Suspected of Economic Crimes

    Jun. 22 – The Russian State Duma plans to remove imperfections from legislation preventing President Dmitry Medvedev from mitigating punishment for businessmen. “Necessary amendments to the Russian Criminal Code and the Criminal Procedure Code will be introduced to the State Duma next week,” said deputy Andrey Nazarov, one of the authors of amendments. Expert’s estimate[…..]

  • by

    Russian Bankers Want Financial Ombudsman Institute

    Jun. 16 – Bankers in Russia have suggested establishing an institute for financial ombudsman in Russia and allocating it with the functions of bank borrowers’ interest protection, said the vice-president of the Association of Regional Banks of Russia Oleg Ivanov to RIA Novosti. The institute could be established in the body of the Central Bank, or[…..]

  • by

    Diamond Miner JCS Alrosa Considers Joint Stock Option to Attract Investment

    Jun. 3 – Russian state-owned diamond miner JCS Alrosa has announced intentions to change its business entity to an open joint-stock company to attract investment. If successful, Alrosa then hopes to achieve the next step and list an initial public offering. According to the RIA Novosti news agency, the company’s president Feodor Andreev has started[…..]

  • by

    Krasnodar Rated Best Russian City for Business by Forbes

    Jun. 2 – The Russian edition of Forbes magazine has rated Krasnodar the best city in Russia to do business for the third time. Located southwest of Moscow, Krasnodar is well known for its investment friendly and supportive business environment. Khabarovsk city in the Russia’s Far Eastern region was ranked second followed by Ekaterinburg in[…..]

  • by

    Chinese Companies Look to Fund Russian Mining Railroad

    May 31 – China Railway Materials Commercial Corp. and SUYU Railroad Material Co. could get involved in funding a railroad branch line to be constructed to the Ozernoye mining site in the Buryat Republic of Russia. Conditions of the financing agreement state that the owner of the deposit IFC Metropol will buy construction equipment, railroad[…..]

  • by

    Foreign Investment in St. Petersburg Reaches Record High

    May 27 – Foreign investments contributing to the St. Petersburg economy reached US$1.35 billion within the first three months of this year, a figure nearly double that seen over the same period last year. According to data from the city statistic office Petrostat, 88 percent of foreign investments were on bank credits, the volume which[…..]

  • by

    China Huandian Power Sign Joint Venture Deal with Russia’s TGK-2

    May 26 – Chinese Huadian Power International Corporation Ltd. (HPIC) will finally have a share of the Russian power market after a long bidding process. The company has entered a joint venture with Russian regional power generator TGK-2 for a thermal electric power plant project in Yaroslavl. Russia’s TGK-2, controlled by energy firm Sintez Group[…..]

  • by

    Microcredits could Aid Russia’s Economic Recovery

    May 25 – The development of microfinancing credit opportunities could help the Russian economy recover from the recent economic downturn, stated members of the Association of Russian Banks during the first edition of the State Duma’s approval of the microfinancing bill, reports RosBusinessConsulting. According to data from the National Institute for System Studies of Entrepreneurship[…..]

  • by

    Russian Government Wants to Simplify Construction Legislation

    May 21 – The Russian government wants to implement the same measures used for the construction of Olympic-related facilities in the city of Sochi, host of the XXII Winter Olympic Games in 2014, for the country’s entire building industry. According to Russian Vice Prime Minister Dmitry Kozak, a simplification of the construction legislation will attract[…..]

Showing 10 of 725 articles