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    Baby Boom to Motivate Importers

    Oct. 27 – The Russian market for children’s products is growing by 15 percent a year with imports having dominant role, Antonina Tsitsulina, president of the Children’s Goods Industry Enterprises Association said to reporters. Imports account for 65 percent of all sales, while the biggest overall segment is clothes and shoes, which make up 44[…..]

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    China to Invest in Russian Coal Producing Market

    Oct. 26 – China will issue a US$6 billion credit line to Russian coal producers for the development of greenfield coal deposits, Deputy Energy Minister Anatoly Yanovsky stated on Monday. “There will be a credit line opened and those companies that are interested in shipping coal to China … will reach an agreement,” Yanovsky said.

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    Volgograd to Set Property Tax Vacations for Investors

    Oct. 22 – Volgograd’s parliament has accepted the amendment to the regional law of the entity’s property tax, releasing investors operating in the territory of the region from property tax within five years, Russian weekly Kommersant-Volgograd reports. The speaker of the parliament stated during the session that the reason behind introducing the amendment is to[…..]

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    U.S. Ketchum to Become a Big Player in Russian PR Market

    Oct. 21 – U.S.-based Ketchum Inc., a marketing and corporate communication agency, announced it has purchased a majority stake in Moscow-based Maslov PR, a leading Russian public relations company. The sides declined to disclose the value of the deal. The two firms have been successful partners for 15 years. Maslov PR’s founder and managing director[…..]

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    Lotte Group to Open Cinemas in Russia’s Far East

    Oct. 20 – South Korean–Japanese conglomerate Lotte Group is entering Russia’s Far East, Russian weekly Kommersant-Khabarovsk reports. Lotte Cinema, a division of Lotte Group’s entertainment business, will open six multiplex theaters totaling 30 screens in the Russian Far East major cities of Vladivostok, Khabarovsk and Blagoveshchensk by the end of 2013. Total investment in the[…..]

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    Foreign Investors Asked to Contribute ‘Smart Investments’ in Exchange for ‘Interesting’ Stakes

    Oct. 19 – Prime Minister Vladimir Putin promised foreign investors on Monday that the government was ready to privatize “interesting” stakes in state-run companies but asked that they contribute “smart investments” of technology and know-how to improve the Russian economy. “Russia needs direct, private foreign investment. Not just capital, but also so-called ‘smart investments,’ or[…..]

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    Russia to Reduce Foreign Investor Limits to Boost Bond Market

    Oct. 18 – Russia is seeking to attract buyers for a record amount of debt sales by easing foreign investor limits and offering futures on government bonds for the first time. Russia’s leading stock exchange, Moscow’s Micex, plans to curb requirements to buy and sell bonds through local brokers, cut the number of trading accounts[…..]

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    Visa to Increase Investment in Russian Market

    Oct. 13 – Visa, the world’s leading electronic payments network, is considering Russia as one of its priority markets that is crucial for the company’s growth, Steven Parker, Visa’s chief executive for Russia, said Tuesday. “Visa will invest into expanding acceptance in Russia, including in electronic commerce, and will further develop the electronic payments technology[…..]

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    Gazprom to Boost Asian Market Supply

    Oct. 12 – Russian gas monopoly Gazprom may build plants to liquefy and compress natural gas on Russia’s Pacific Coast, Primorye Regional Governor Sergei Darkin said on Friday. The project will energize development in Russia’s Far East, boosting regional economies and allowing the region to compete with Middle East producers to supply Asian markets.

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    France’s Air Liquide to Invest in Russia

    Oct. 11 – France-based Air Liquide Group, a world leader in industrial gas and services, announced the signing of a long-term agreement with RusVinyl – a joint venture between a leading Russian chemical company Sibur and the Belgian polyvinyl chloride (PVC) producer SolVin. According to the company’s press realize, Air Liquide will supply oxygen, nitrogen[…..]

Showing 10 of 1305 articles