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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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    Russia’s Grain Crop to be Damaged by Drought

    Jul. 18 – Russian Agriculture Ministry estimates that some 28.3 million hectares of spring sowing and 16.1 million hectares of winter crops all over the country will be damaged by the current drought. That’s 3.4 percent of the total sown area, according to preliminary estimates on the ministry’s website. Droughts have hit 16 of Russia’s[…..]

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    Britain’s Virgin Atlantic to Enter Russian Air Market

    Jul. 11 – Britain’s Virgin Atlantic Airways will enter the Russian market with daily operating flights between London’s Heathrow Airport and Moscow starting next year, Virgin said on Tuesday. Experts consider the move as positive, but it is unlikely to affect prices. British Airways was the lone British company to service Moscow until 2006, when[…..]

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    Cherkizovo and Spanish Grupo Fuertes to Produce Turkey Meat in Tambov

    May 16 – Russian meat firm OJSC said on Saturday that it has set up a 100 million euro joint venture with Spanish company Grupo Fuertes to produce turkey meat in the Tambov region south of Moscow. The Board of Directors of Cherkizovo approved the joint venture between Cherkizovo Group and Grupo Fuertes on May[…..]

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    Moscow to Privatize Metro

    May 14 – Moscow City Hall is considering privatizing the city’s metro system to further develop the capital’s infrastructure, according to the project titled, “The Strategy for Socio-Economic Development of Moscow until 2025.” The document, posted on the website of the city’s economic policy and development department, proposes “attracting private investment from outside the [city][…..]

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    First-Ever Business Angel Week Held in Russia

    May 7 – Investors from all over the world came to the first-ever business angel week in Russia, which started in Moscow but is continuing for a week across 25 regions. Business angels are investors who not only finance entrepreneurial projects at an early stage and readily risk their own money, but they also support[…..]

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    Russia Sees Factoring Market Nearly Double in 2011

    Apr. 19 – Russia’s factoring market almost doubled last year, according to worldwide industry statistics for 2011 released this week by Factors Chain International (FCI). The total worldwide volume for factoring grew by 22 percent in 2011 compared to 2010. Russia’s market factoring turnover totaled 21.174 billion euros, with 20.944 billion euros from the domestic[…..]

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    Sberbank to Buy Austria’s Volksbank

    Feb. 16 – OAO Sberbank closed a US$661 million deal to buy the international arm of Austria’s Volksbank International AG (VBI) on Wednesday. The Volksbank acquisition will serve as a springboard for further expansion in Europe, RIA Novosti quoted Sberbank CEO German Gref as saying in Moscow. Russia’s biggest lender bought VBI from Oesterreichische Volksbanken[…..]

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    Investors Come Back to Russia

    Jan. 16 – Russia-focused equity funds attracted US$43 million of inflows in the week to January, 11, equaling about 0.4 percent of the total amount under management, UralSib Financial Corp. said in a report, citing EPFR Global Data. “This is the first week of positive flows in the last eight,” UralSib analyst Slava Smolyaninov said[…..]

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    Sino-Russian ‘Bad Dates’ and Chinese Relations with ‘Abandonment Child’ of Moscow

    By Marina Romanova Sino-Russian series of bad dates Chinese-American international energy consultant Edward Chow once said that the Russian-Chinese energy relationship isn’t a marriage, but rather “a series of bad dates.” As far as their energy relationship goes – also keeping in mind the two rather extreme types of relationship of ‘honeymoon’ (1950s) and ‘divorce’[…..]

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