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• April 22, 2010 by Russia Briefing
  

  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[…..]
• April 21, 2010 by Russia Briefing
  

  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[…..]
• April 20, 2010 by Russia Briefing
  

  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[…..]
• April 18, 2010 by Russia Briefing
  

  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[…..]
• April 16, 2010 by Russia Briefing
  

  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[…..]
• April 16, 2010 by Russia Briefing
  

  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[…..]
• April 14, 2010 by Russia Briefing
  

  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[…..]
• April 13, 2010 by Russia Briefing
  

  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[…..]
• April 13, 2010 by Russia Briefing
  

  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[…..]
• April 9, 2010 by Russia Briefing
  

  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[…..]