Latest News

Showing 10 of 1312 articles
  • by

    Regulator to Limit Foreign Ownership of Russian Stock Market

    Oct. 5 – The European Bank for Reconstruction and Development (EBRD) aims to buy a 10 percent stake in Moscow’s oldest bourse, the Russian Trading System Stock Exchange (RTS). In July 2010, the EBRD announced plans to team up with an unnamed Russian bank to buy stock of the Russian Trading System Stock Exchange (RTS)[…..]

  • by

    Russia’s Gold Miners Want More Foreign Investors

    Oct. 1 – Gold miners asked the Russian government to raise its threshold for strategic gold deposits to boost national reserves and production mining, executives said Thursday at the sixth Russia-CIS Mining and Exploration Forum 2010. Fields with more than 50 metric tons of gold are considered strategic, requiring extra government approvals. The government should[…..]

  • by

    Russia’s S7 Airlines to Join Oneworld Alliance

    Sept. 28 – Siberia S7, Russia’s leading domestic airline, will join Oneworld, one of the leading global airline alliances, starting November 15. British Airways, which recommended S7 for introduction into the alliance, has been supporting Siberia through its 18-month alliance implementation project as its Oneworld sponsor airline, with working groups covering some 35 streams of[…..]

  • by

    Hyundai Starts Up St. Petersburg Car Assembly Plant

    Sept. 27 – Hyundai Motor launched its first Russian full-cycle car assembly plant in St. Petersburg. The company invested a total of US$500 million in the facility, which will work in pilot mode until the end of this year and start commercial production in January. Production at the plant will include stamping, welding, painting and[…..]

  • by

    Rosneft and CNPC to Build US$5 Billion Oil Refinery in Tianjin City

    Sept. 23 – OAO Rosneft, Russia’s largest oil producer, and China National Petroleum Corp. will invest around US$5 billion in a joint oil refinery in the Chinese port city of Tianjin. Russia’s Deputy Prime Minister Igor Sechin, who is also Rosneft’s board chairman, joined Chinese Vice Premier Wang Qishan in the future refinery town of[…..]

  • by

    Russia to Attract US$800 Million Investment from UAE

    Sept. 22 – Russian Technologies (Rostehnoliogii), a state-run industrial corporation, signed agreements on Friday with two companies from the United Arab Emirates – the ports and logistics unit of Crescent Group and real estate developer Damac. “The Russian market is attractive enough to the Arabian investors. In particular the Russian power industry contains a number[…..]

  • by

    Turkey’s Atlasjet to Enter Russian Aviation Market

    Sept. 20 – Istanbul-based Atlasjet, an unlisted discount Turkish airline, said it was investing US$110 million to form an airport and airline venture together with the Omsk regional authorities and NPO Mostovik, a Russian builder. Flights will start in May 2011 and the Omsk-Fedorovka International Airport is set to be open in 2013, Atlasjet said[…..]

  • by

    Government Plans US$50 Billion Asset Sale

    Sept. 17 – The Russian cabinet has expanded the list of state assets to go private. The government plans to earn US$50 billion from privatization sales over the next five years and will overrule objections from state managers over the sale of their firms, Finance Minister Alexei Kudrin said to Reuters on Wednesday. “We will[…..]

  • by

    X5 Retail Group to Refinance with New International Group Loan

    Sept. 16 – X5 Retail Group N.V., Russia’s largest retailer in terms of sales, announced it has signed a new US$800 million group loan to refinance its existing US$1.1 billion syndicate facility; due to mature by the end of the year. The remaining US$300 million will be refinanced through other existing facilities, including the forward[…..]

  • by

    Finland’s Betset to Invest US$32 Million in New Factory in St. Petersburg

    Sept. 15 – Finnish concrete elements producer Betset Ltd. plans invest US$32 million in its second enterprise in St. Petersburg, according to a company press release. The company press release has informed that new factory is planning to be open in May 2011 and will be located 22 kilometers the south of St. Petersburg.

Showing 10 of 1312 articles