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    Krasnoyarsk Bankers to Examine Post Crisis Lending Strategy

    Mar. 21 – Krasnoyarsk bankers are ready to switch from retail to corporate lending contingent upon the assumption that the Global Financial Crisis is almost over, city business magazine Delovoi Portal reports. Last fall, the Russian central bank officially declared that it won’t give anti-recessionary support to the banking industry any more.

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    Siberian Altai Regions to Develop Rural Tourism and Casinos

    Mar. 18 – The French Tourism Institute will help Russia’s Altai region (Altai Krai) to develop a rural tourism, Russian news agency ITAR-TASS reports. A memorandum of understanding was signed earlier this week between the authorities of Siberian Altai region and the Paris-based Tourism Institute during Moscow’s annual tourism fair Intourmarket 2011.

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    Tatarstan Rated Best Region to Do Business in Russia

    Mar. 16 – The Republic of Tatarstan, located on the eastern frontier of Europe and just 500 miles east of Moscow, came in first place in a list of the best places to do business in Russia in a survey of 10 regions released Tuesday. The survey was conducted by Ernst & Young Russia together[…..]

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    Russia to Send Extra Energy Shipments from Sakhalin Island to Japan

    Mar. 14 – A Sakhalin-2 tanker holding 19,500 cubic meters of liquefied natural gas on Sunday set off from the Russian Pacific island of Sakhalin for Hiroshima, where it will dock Tuesday. Another tanker with 100,000 cubic meters of LNG is set to leave for Japan this week, the Russian news agency Interfax reported. Russia’s[…..]

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    Gazprom to Build Refinery in Sakhalin Island

    Mar. 11 – Russian gas monopoly Gazprom is looking to build its first refinery in Sakhalin Island where most large oil international corporations have been producing crude for export in multibillion-dollar projects, Deputy Chairman of the company’s Board of Directors Alexei Miller said. By the end of this year, the company plans to wrap up[…..]

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    China to become Russia’s Largest Trading Partner

    Mar. 10 – China overtook Germany to become Russia’s largest trading partner in 2010. The bilateral trade between two countries has climbed back to the level seen prior to the global economic crisis. Foreign trade turnover of Russia with China increased by 43.1 percent and has reached US$55.44 billion, according to the both Federal State[…..]

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    Russia to Tighten its Monetary Policy

    Mar. 1 – The Russian Central Bank unexpectedly raised its key interest rate by 0.25 percent to 8 percent for the first time since the economic crisis over two years ago. The Bank of Russia said in a statement that the rate hike, effective from Monday, was needed due to the high inflationary pressure and[…..]

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    Russia’s Secret Service Keeping French Water Firm from Operations

    Feb. 28 – Russia’s secret service, the KGB successor FSB, is keeping French Veolia Voda SA from satisfying its contract agreement, which it signed with the authorities of Russia’s Tomsk Region on December 6, 2010, the business weekly Vedomosti-Novosibirsk reports. The authorities of the region awarded Paris-based French Veolia Voda SA, the water division of[…..]

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    New Registration Rules to Create Legal Chaos for Expats in Russia

    Feb. 23 – Businesses have blasted changes to Russia’s migration rules that prevent firms registering foreign employees from February 15. Expats will now have to register at their place of residence every time they enter Russia, but many landlords don’t provide formal rental agreements. Registration and de-registration are required every time a person enters or[…..]

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    Russians to Remain the Most Serious Drinkers in the World

    Feb. 22 – Russians still remain the number one drinkers of strong alcohol in the world, and the first for alcohol-related deaths, but the World Health Organization (WHO) ranked the country only fourth in the world by alcohol consumption. The report, released in Geneva on Feb. 11, used the data for 2006 and took into[…..]

Showing 10 of 1332 articles