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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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    Chinese Tencent Enters Russian Internet Service Market

    Apr. 13 – Digital Sky Technologies has sold 10 percent of their business to the largest Chinese Internet company Tencent, as reported by a joint press release. London and Moscow based Internet investment group Digital Sky Technologies (DST) is owned by Russian businessmen Yuri Milner, Grigory Finger and Alisher Usmanov. The company has investments in[…..]

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    Transneft Could Issue IPO

    Apr. 13 – Prosperity Capital Management, East Capital International and Vostok Nafta Investment, who own 17 percent of the monopoly’s privileged shares, have proposed issuing an IPO for Transneft. Prosperity announced on Friday that they sent a letter to RF Energy Minister Sergei Shmatko, who heads the board of directors, and Deputy Prime Minister Alexei[…..]

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    Russia’s E-Government Project Reaches its First Stage

    Apr. 9 – As a part of the Federal e-government project, a state e-mail service will start its trial period this week in Russia. The service will allow citizens to communicate with officials and have access to public services via the Internet by the end of 2010, as announced by the Russian CNews. The e-mail[…..]

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    Russian Companies to Acquire ICQ

    Apr. 7 – “ICQ might become Russian,” Russian newspaper Vedomosti proclaimed yesterday. Parent company AOL has collected binding offers filed by Russian Internet investment groups Digital Sky Technologies (DST) and Prof-Media to purchase ICQ’s instant-messaging service and also from Chinese company Tencent. According to multiple reports DST started the early stages of negotiations to acquire[…..]

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    Russia goes Socialist on Pension Plans

    Apr. 6 – Russia will spend a record amount of money for pensioners this year, with almost 10 percent of gross national product going into pension funds as the Russian Federation joins the ranks of countries with the highest mandatory pension payments. After increased pension payout deductions planned for 2011 (from 20 to 26 percent[…..]

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