Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Rusnano to Improve Efficiency Ahead of IPO
28.01.2013 09:20
Rusnano to Improve Efficiency Ahead of IPO
Photo Credit:

Rusnano, Russia’s major state investment fund, is enforcing a rigorous redundancy program in a move to cut down on its administration costs.

Its head Anatoly Chubais told Vedomosti daily that his aim is to bring down management costs from 2.5 to 1-1.5 percent to match the standards of the world’s leading investment institutions.

In 2012, the corporation downsized some 15 percent of its staff, mainly in the back office, he said. 

Rusnano was set up in 2007 as a state investment corporation and transformed into a joint stock company in 2011. Now the institution worth  getting ready to an IPO.



Author: Mikhail Vesely

Tags: Rusnano Russian startups investment in Russia Anatoly Chubais  

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Mathilde Kschessinska  Karasuk  Russia  Russian business  Smolensk Monuments  Yakutsk  Urals  Primorye Territory  Exhibitions in St. Petersburg  Russian Cinema  Rybinsk pie  Russian tourism  Kirov  Exhibitions in Penza  Film Festivals  Russian Music Instruments  Alisher Usmanov  Zoya Kosmodemyanskaya  Moscow  Vladimir Golitsyn  Euro 2012  VDNKh  Russian economy  Aleksandr Aleksandrov  Pablo Picasso  The Romanov Family  Kuragino  Lenta  Astrakhan  St. Petersburg  Russian social networks  Books  Chevrolet Niva  Exhibitions in Moscow  Russian science  Joan Miro  Photo Exhibition  Kamchatka  Soviet Artists  Photography  EXPO  Mercedes-Benz Fashion Week Russia  Vladimir Menshov  Novgorod Region  Russian football team  Russian scientists  Sokolniki Park  Alexander Voytsekhovsky  Russian Avant-Garde  Russian Actresses 

Travel Blogs
Top Traveling Sites