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    Russia’s Super-Rich Lack ‘Dynastic Will’

    Sept. 21 – Russian entrepreneurs have shown little desire to pass their companies onto their children, according to a survey released on Tuesday by Swiss banking giant UBS and Campden Research. The research polled 22 businessmen domiciled in Russia who have a net worth of about US$50 million each. The total revenue of the businesses[…..]

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    Russians Prefer Pricy, Attractively-Equipped Cars

    Aug. 31 – Sales of budget-priced cars have declined in the Russian market for the first half of 2012, an Ernst & Young study says. Budget models that cost up to 600,000 rubles (US$18,737) accounted for less than half (49.5 percent) of total car sales countrywide, compared to the 55.8 percent of the market it[…..]

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    MTS Hopes to Save US$1 Billion Business in Uzbekistan

    Aug. 28 – Russia’s top mobile phone company MTS still hopes to save its US$1 billion business after losing its operating license in Uzbekistan, where four local managers have been detained and a campaign of intimidation against other staff of its Uzbek subsidiary is in a progress. “Any way forward, as an integral part, needs[…..]

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    Foreign Venture Capital Firms to Invest in Russian IT Market

    Aug. 23 – According to various estimations, more than 300 million euros (US$371 million) is expected to be invested into information technology companies in Russia in 2012. Foreign firms are also expected to take part. There are three foreign firms among the top 10 venture capital companies investing in Russia – Luxembourg-based Mangrove Capital Partners,[…..]

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    Gazprom to Buy Gas in Brunei

    Jul. 20 – Russian state monopoly (and the holder of the world’s largest gas reserves) Gazprom could begin purchasing liquefied natural gas (LNG) from Brunei after 2013, when current contracts with its partner Brunei LNG will expire, the Russian daily Vedomosti reports, citing documents prepared for Gazprom’s board. Gazprom has been struggling to start LNG[…..]

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    Zarubezhneft Discovers Offshore Oil Deposit in Vietnam

    Jul. 19 – OAO Zarubezhneft, a Russian state oil producer, has discovered an offshore oil deposit in Vietnam, the company said in a statement earlier this week. The deposit is located in the area where the company produces oil jointly with its Vietnamese partner PetroVietnam. “The results of well testing allow us to talk about[…..]

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    China Eximbank to Help Fund RusAl’s Factory Construction in Siberia

    Jun. 26 – Russian UC RusAl, the world’s largest aluminum producer, and the Export-Import Bank of China (China Eximbank), one of China’s largest financial institutions, have signed a cooperation agreement on a RusAl greenfield project in Eastern Siberia worth up to US$850 million. The agreement foresees joint cooperation on financing for the construction of a[…..]

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    Russia’s Second Largest Social Network to Launch English Version

    Jun. 20 – Russia’s second-largest social network Odnoklassniki is starting an English version of the site, the company told RIA Novosti. “People in 229 countries use the Odnoklassniki social network. Pitcairn Islands [in the Pacific] is the only territory we have not registered a single visit from,” the company said in a statement. “Therefore, we[…..]

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    Russia to Improve Access to Construction Permits and Energy Infrastructure

    Jun. 14 – Two road maps to improve Russia’s investment climate, by addressing the construction sector and energy infrastructure in particular, have been approved by the cabinet. One of the road maps promises to bring the country to 34th out of 183 countries for getting construction permits by 2020, up from the current 178th. The[…..]

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    Kamaz to Launch First Assembly Plant in the EU

    Jun. 11 – After a meeting with Kamaz officials in Vilnius, Lithuanian Prime Minister, Andrues Cubilus told the Baltic News Service that Russian truck maker, Kamaz, together with local partner Autobagi, plans to assemble trucks in Lithuania starting in September of this year. The Lithuanian production line will be used to target sales in Eastern[…..]

Showing 10 of 149 articles