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    Russia’s Economic Recovery Prompts Salary Renewal and New Jobs

    Apr. 28 – St. Petersburg’s private sector is showing some signs of recovery from the Global Economic Crisis. Companies have gradually started to renew revision of salaries with the average increase estimated at 10 percent, reports the Vedomosti newspaper. This month a British-American tobacco giant in St. Petersburg factory raised the salaries of 95 percent[…..]

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    Russia Returns to the International Bond Market

    Apr. 27 – After eight days spent on a road show in Asia, Europe and the United States, Russia has returned to the international bond market when it placed two tranches of sovereign Eurobonds of US$5.5 billion, from an expected 7 billion. It sold US$2 billion in five year bonds with 3.74 percent and US$3.5[…..]

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    Russia Amends Immigration Law to Stifle Migrant Trade

    Apr. 26 – The government has approved amendments in the law on legal status of foreigners and in the RF Code of Administrative Offenses which holds employers responsible for the migrant workers they bring in. If migrant workers or visitors do not have housing, money or cannot access medical aid, the inviting companies or individuals[…..]

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    Foreign Companies Working in Russia Sign Anti-Corruption Pact

    Apr. 22 – Members of the Russian-German Foreign Trade Chamber were slated to sign the document on Wednesday, but only 40 managed to do so, as some executives were stuck in airports across the globe because of the volcanic ash cloud from Iceland that grounded flights across Europe, said Michael Harms, chairman of the nonprofit[…..]

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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 Labor Market Tempts Few Workers but Lures Seekers of Income Boost

    Apr. 20 – According to a recent survey conducted by international online recruitment service The Network, only 7 percent of foreigners would like to work in Russia. Among the 66,000 polled from 35 different nations, citizens of Finland (36 percent), Latvia (20 percent) and Ukraine (17 percent) were more positive towards the thought of working[…..]

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    Russians to Re-enter Ukraine in Exchange for Gas Price Cuts

    Apr. 18 – A decision on cutting the price of gas for Ukraine in exchange for participation in the country’s energy sector could be made on Tuesday, when Ukrainian Fuel and Energy Minister Yuri Boiko returns to Moscow for additional talks, as told by Russian Deputy Prime Minister Igor Sechin to reporters in Murmansk on[…..]

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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 to Join WTO Without Customs Union Members

    Apr. 16 – Russia may reject its plans to join the World Trade Organization together with Kazakhstan and Belarus, First Deputy Prime Minister Igor Shuvalov said Thursday during The Russian Union of Industrialists and Entrepreneurs Congress, recanting a plan that many experts said was doomed from the start. The Russian government had earlier indicated a[…..]

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    Foreign Investment Commission Approves Plant, Oil and Gold Mine Deals

    Apr. 14 – Prime Minister Vladimir Putin and the government’s foreign investment commission on Tuesday approved a deal to sell a private insulin plant to Europe’s biggest drug maker, France-based Sanofi-Aventis. The plant was bought in Oct 2009 from Bioton Vostok in Oryol region of Russian Federation which lies in 382 kilometers to the south[…..]

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