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    Russia to Become Pork, Poultry Exporter by 2020

    Sept. 8 – Russia could become an exporter of pork and poultry, the Agriculture Ministry said in its ambitious draft plan, needing 6.8 trillion rubles (US$230 billion) of investment by 2020. The draft of a state program for agricultural development for 2013-20, published on the ministry’s web site, said Russia, a major meat importer, should[…..]

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    Five More Russian Universities Included in Top Schools List

    Sept. 7 – Five more Russian universities, in addition to the Lomonosov Moscow State University and St. Petersburg State University, were included for the first time in the 2010-2011 QS World University Rankings. Among them are Bauman Moscow State Technical University, Peoples Friendship University of Russia, State University of Nizniy Novgorod, and two schools from[…..]

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    Russian DST to Invest US$180 Mln in Chinese Internet Startups

    Sept. 5 – Russian venture capitalist Yuri Milner, together with American angel investor Ron Conway, will invest US$180 million in Beijing-based Innovation Works. Milner’s efforts to launch the same high-tech investment firm in Russia hasn’t yet been crowned with success. In a press release, Innovation Works (which was founded by former Google China head Kai-Fu),[…..]

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    German HiPP to Have its First Harvest in Russia

    Sept. 1 – German baby-food maker HiPP will have its first organic potato harvest in Russia on a plot of land in the village of Mamonovo in Kaliningrad – right at the border with Poland. “I am very excited about this new harvest. Hopefully this won’t be our last,” managing director and co-owner Sefan Hipp[…..]

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    Russian Official Forecasts Slower Economic Growth

    Aug. 31 – A senior Russian economic official has forecasted a weaker ruble and slower growth, which may indicate that the world’s biggest energy supplier will struggle to meet President Dmitry Medvedev’s target of achieving expansion of as much as 10 percent within five years. Deputy Economy Minister Andrei Klepach – perhaps best remembered by[…..]

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    Russia to Profit from Nature Reserves

    Aug. 30 – Russia will spend a total of US$82 million to make the country’s national parks profitable and accessible for the public, just like in the United States, Natural Resources Minister Yury Trutnev said on Monday. About 1.5 billion rubles (around US$51.7 million) will be spent on building infrastructure, with the remaining funds allotted[…..]

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    Russia to Use Foreign Ports to Export its Grain

    Aug. 29 – Russia may have to use ports in the Ukraine and the Baltic States to export as much as 23 million metric tons (mmt) of grain if harvests continue to be strong this season, ZAO Rusagrotrans, the country’s biggest carrier of cereals by rail, said in a recent statement. “Russia’s ports and railroad[…..]

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    PayPal to Enter Russian e-Payments Market

    Aug. 26 – American payment system PayPal will begin carrying out money transfers in Russia and the Ukraine starting from the end of September, the company said in a statement. The PayPal web site has published new money transfer tariffs that will come into force on September 24. The fee for sending money to Russia[…..]

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    Russian Railways to Expand to Europe

    Aug. 24 – The state monopoly Russian Railways is considering buying a controlling stake in Zeleznica Spolecnost Cargo Slovakia from its parent company Slovak Republic Railways, Russian Railways Vice President Salman Babayev told reporters on Tuesday. Babayev said that Russian Railways also had bid for Poland’s PKP Cargo, Europe’s No. 2 rail freight carrier. PKP[…..]

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    Evraz to Construct New Coking Coal Mine in Siberian Kemerovo Region

    Aug. 23 – Russian steel-maker Evraz Group has started construction of the Yerunakovskaya-VIII coking coal mine within its existing coal mining division Yuzhkuzbassugol in Russia’s Siberian Kemerovo region, the company said in a press release. Construction of the new mine will increase the level of vertical integration, providing its steel-making facilities with high quality coking[…..]

Showing 10 of 1373 articles