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

Folk Arts  Russian festivals  Olympic Tourism  Leo Tolstoy  Vladimir Vysotsky  Facebook  Nikolai Sapunov  North Caucasus  St. Petersburg  Russian scientists  Moscow events  Symphonic Music  Russian circus  Russian theatres  Exhibitions in Moscow  Russian medicine  Belokurikha  Nikolay Beketov  FIFA world cup 2018 tickets  Russian Architecture  Izhevsk  Space Exploration  Russian beaches  The Year of Russian Culture  Tatyana Mavrina  Russian science  Russian economy  Rock Music  tourist guide  Pechory  Altai  Tyumen  Sestroretsk  Moscow  Russian business  Russian television  Photo-exhibitions  Russian tourism  Concerts in St. Petersburg  Zenit FC  Northern lights  World Bank  Strelka  Mercedes-Benz Fashion Week Russia  Institute of Russian Realist Art   Alexander Vasilyev  Skolniki  Russian Cinema  Architecture  The Strugatsky Brothers 

Travel Blogs
Top Traveling Sites