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Tags: Russian business


People:

Mikhail Frolkin
... - ...
Evgeny Chichvarkin
10 September 1974 - ...
Roman Abramovich
... - ...
Vagit Alekperov
1 September 1950 - ...
Alexander Lebedev
16 December 1959 - ...


Articles:

Anti-crisis Regulations For Small Businesses
The package of anti-crisis regulations for small businesses and investors was adopted at the meeting of the Presidium of the Moscow Government.
--26-02-2015--
SPIEF 2014: Multi-Billion Contracts Despite Political Pressure
The St Petersburg International Economic forum has generated 269 billion roubles in deals in spite of the pressure from Washington on participants.
--26-05-2014--
To Sell Or Not to Sell
Billionaire Lebedev rejected rumours that hes going to sell his National Reserve Bank to focus on journalism. Maybe not yet.
--09-01-2013--
Future of Car Insurance in Russia
Next-gen sat-nav systems are expected to be a win-win solution for insurers and drivers, bringing higher profits to the former and better rates for the latter.
--21-12-2012--
Franchising As a Key To Success. The Russian Way.
Franchising is considered to be one of the possible solutions to many economic problems of modern Russia. In fact, it has already enhanced the growth of the small businesses here. The article gives an overview of the Russian franchising market, depicting its peculiarities in comparison with the global experience.
--20-12-2012--
Magnitogorsk Iron & Steel Steams Ahead
MMK's latest financial report has raised investors' spirits amid record low prices for metal products. Click to find more stats and analysis.
--03-12-2012--
Will MTS Return to Uzbekistan?
Uzbekistan softened its grip on MTS' unit but the fines it slapped to replace confiscation may still be too high for Russia's mobile operator to carry on, given the loss of the customer base and what some have called a continuing expropriation drive in the Central Asian republic.
--29-11-2012--
Media Markt Pioneers in Retail RFID
Media Markt retail becomes the first retail chain to introduce RFID, or smart tags, into the Russian retail market. Russia-IC looks at the pilot project and the technology which has made stock-keeping a far easier process that when using barcodes.
--20-11-2012--
Billionaire Prokhorov Quits Business for Politics
Russia-IC looks at Mikhail Prokhorov's new party as it aims to transform the political landscape in Russia, becoming a third power with serious ambitions.
--31-10-2012--
Stakes on Sale. Finally.
The Medvedev government rubberstamps the ambitious privatization plan that's been the hope of investors for the past couple of years. Russia-IC looks at the details.
--27-10-2012--
Doing Business in Russia 6% Easier
According the WB Doing Business index, Russia has managed to improve its image in two key areas - construction permits and taxation. Russia-IC looks at the progress.
--23-10-2012--
Debenhams In Moscow: British Designers - For Russian Buyers
The favourite British department store and the UK's second largest retailer network, Debenhams have just opened a store in Moscow at the Belaya Dacha shopping mall. Their Russian PR departmend kindly supplied Russia-IC with information about what awaits the shoppers and how Debenhams plan to develop their presence in Russia over the next 5 years.
--18-10-2012--
No Billionaire Can Eclipse Roman Abramovich
For the second year running the Russian tycoon Roman Abramovich sails high on Eclipse yacht: according to SuperYachts.com, nobody managed to build a longer boat. Other Russians on the list are Alisher Usmanov, Suleiman Kerimov, Yury Shefler, and Andrei Melnichenko.
--07-09-2012--
City Hunter: Eat-and-Work Cafes In Moscow
Where new ideas are born? What is the role of atmosphere in thinking and analyzing? What mysterious factors influence this process? How unusual decisions are made? Is there any general behavioral principle that governs every situation? There is no exact answer. But we are able to find some examples of spaces where we can learn to become more imaginative, creative, communicable and decisive. These are the so-called third places, where a lot of people come in search for that special atmosphere of inventiveness and a new flow of business process and communication, combining all that with a cup of bracing coffee. Here is an overview of cafes in Moscow that give their guests all the opportunities for thinking, studying, working and enjoying attractive meals as well.
--14-08-2012--
Retail in Russia - 2011: The Focus on Quality and Value
The 7th annual business conference Retail in Russia, organised by Vedomosti newspaper, took place in Moscow on December 15, 2011. The preliminary conclusions were drawn, the opportunities charted, and case studies discussed. Slowly but surely the Russian business begins to recognise the importance of quality and added value in customer acquisition and retention.
--16-12-2011--
Why Young Russians Leave the Country?
Migration becomes more and more intense nowadays. Do we know why it happens and how to make use of these processes?
--22-08-2011--
Yandex-gate: Private User Data Surfaces in Search Results
The last two weeks have been a nightmare for Russian Internet users. First, online SMS's went public; then it was the data for online shoppers, including sex shop clients; finally, yesterday it was the order data for Russian Railways customers.
--02-12-2011--
Bulgaria Ship Accident. Corruption and Indifference Played Their Roles
The tragic shipwreck of Bulgaria on the Volga River that took lives of 125 people was the result of a system where corruption, irresponsibility and indifference to human lives goes one step further with ineffective policy, unable to solve the problems Russia faces today. On the material of the Western media.
--25-11-2011--
Businessmen and Politics
Russian politics and business become more and more interrelated. Russian businessman Mikhail Prokhorov recently headed the party Pravoe Delo. Why Prokhorov decided to become a politician and to head a party?
--25-11-2011--
Capturing Moscow
Russian officials have discovered Swedish mobile operator Tele2 signal in the Moscow region. The company has no permission to work on this territory. The Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications (Roskomnadzor) has already warned Tele2 of a licenses revocation possibility.
--22-05-2012--
Vekselberg to Redevelop ZIL Plant
Viktor Vekselberg, large Russian conglomerate, may invest about 3 billion dollars in a plant redevelopment. The concept involves changing the speciality of Likhachev's plant and rehousing. The plant occupies 275 acres, it is one of the largest places for construction in Moscow.
--25-11-2011--
Electronic Era is Coming
From this moment any company may share with other companies their electronic documents instead of paper documents using. Web Service Diado appeared in Russia, it is used for transmitting documents via Internet.
--22-05-2012--
Tverskaya Street is the Most Profitable Place for Retailers
The Forbes has researched the deal over Moscow's major avenue. Tverskaya street is a profitable place, it's an "eldorado" for retailers. But who owns Tverskaya street?
--22-05-2012--
The Failure of BP-Rosneft Deal
BP's and Rosneft's deal for $16 billion collapsed. Russian state-owned company is out of the agreement with BP due to the refusal of the Russian shareholders of TNK-BP to sell its stake in the company, at this moment Rosneft is searching for the new partners.
--22-05-2012--
Yandex Plans IPO on Nasdaq
Russia's largest Internet search engine Yandex has officially announced about its plans to list shares on Nasdaq in New York. Yandex N.V., the parent company of Yandex, registered in the Netherlands, said it had sent a request to the Commission's Securities and Exchange to list shares on Nasdaq.
--25-11-2011--
Russian Investment Companies
Investing in Russias fast emerging economy often seems a good idea for foreign businessmen, who beckoned by high profits put money in steel works, oil-processing plants and other fields. Here is the list of leading Russian finance companies, which can make investing process in Russia easier.
--26-10-2011--
Russian Real Estate Developers
After a construction boom in the mid-2000s, the industry took a dive during the 2008 financial crisis, losing some of the key players. It rebounded a couple of years ago, but the volumes are still lagging behind, stifled by high mortgage rates.
--26-10-2011--
Russian Machine-Building Plants
The Russian machine-building industry has struggled through the time of the desperate 1990s, when the vast majority of enterprises had to close down or went bankrupt without the governmental support. Some plants stopped manufacturing military goods and turned to civil production, but others survived and here is a short list of them.
--26-10-2011--
Russian Breweries
Recent survey has showed the Russians are big beer lovers and prefer this hopped drink to wine. Such foreign brands as Holsten, Miller, Guinness, Velkopopovický Kozel and Tuborg have to compete with the most popular Russian beer trade marks. Some of them are exported and available abroad. Here they are.
--26-10-2011--
Russian Vodka Producers
Vodka is one of the words strongly associated with Russia. Being a national alcoholic drink, Russian vodka numbers over 100 brands produced all over the country. No common family celebration is possible without drinking vodka; unless you are under 18 or simply dont take strong alcohol. Below you will find the information on the biggest Russian producers of most popular vodka brands.
--07-12-2011--
Russian Mobile Operators
2012 saw 230.49 million mobile subscribers in Russia, up from 229.82 million three months earlier, according to research by AC&M. Penetration rose to 161.3 percent from 160.9 percent over the same period. MTS took just over half the net subscriber additions in the 4Q, while Tele2 Russia accounted for 38 percent. MTS strengthened its lead to 31 percent of the overall market, with 71.23 million customers at year-end. Beeline's base contracted by around 70,000 in the quarter to 56.11 million customers, and Megafon lost 236,000 subscribers to finish the year at 62.57 million. Tele2 Russia had 11 percent of the market, with 22.72 million customers, and Rostelecom ended 2012 with 13.56 million mobile customers.
--26-10-2011--
Russian Airlines
Long distances, remote cities and relatives living so far away that is true about Russia. No wonder, that planes are very often the only possible transport able to take you to your destination point on time. Today lots of air carriers can fly you from one Russian city to another or abroad. Here are some notes about the biggest Russian airlines for you to choose from.
--02-12-2011--
Russian Chocolate Factories
A study by KPMG shows that Russia is one of the most promising emerging markets for chocolate manufacturers. According to the research, the Russian chocolate market currently worth more than $8 billion is in for rapid growth, estimated at 45 percent over the next three years, especially against the global trend of 2 percent annually. Experts agree that Russians tend to appreciate quality and increasingly buy handmade chocolates, while chocolatiers appear to be unprepared for such explosive growth.
--26-10-2011--
Russian Banks
For many years the Russians had access to the only bank existent in the banking sector of the Soviet Union the Sberbank, or the savings bank, while now they are free to choose among some 900 lenders. Here the list of the biggest banks operating in Russia today.
--26-10-2011--
Russian Car Manufacturers
About 30 years ago Soviet citizens could only dream about a car, which was never regarded as just a vehicle. To enjoy driving their own car people had to register for a waiting list and only then they had a right to purchase a private auto. Today city citizens prefer foreign cars to domestic ones, but there was the time when having a car was a special privilege placing the lucky person above all others. Here are some notes about the key Russian car manufacturers fighting for Russian consumers.
--02-12-2011--
Russian Aircraft Manufacturers
Nowadays Russia is not sufficiently represented at the world aviation market, since the key roles are played by foreign aircraft manufacturers. However, it doesnt mean Russians have nothing to be proud of in the field of aircraft construction. Here you can find the information about Russian leading aircraft builders and design bureaus.
--02-12-2011--
Russian Metallurgical Companies
The metallurgical industry of Russia is one of most rapidly developing sectors. Here is a list of Russian metallurgical companies occupying key positions on the market.
--07-12-2011--
Russian Oil and Gas Companies
Much is told today about oil invasion of Russia to the world markets, therefore it can be useful to learn more about the leading oil and gaz companies, locomotives of the Russian economy and business.
--10-12-2011--
Trade and the merchant class of 16th century
Russia of 16-17th centuries could be called a trading country, as trade of that time flourished. Despite the fact that Russia remained first of all agrarian, some changes in production occurred, manufacturers mastered new technologies.
--24-08-2012--
1990-1991 first exchanges at the Post-Soviet space
Prices were set free, people felt lack of products in shops, the USSR collapsed but the Russian Federation hadnt been formed yet.
--26-10-2011--
Ancient Rus: trade and crafts
Ancient Russia (Rus) occupied the territory of Eastern Europe and lay on trade routes running from Christian West to Muslim East and back. So far treasures have been found on the ways where caravans moved along.
--26-10-2011--
Mortgage
Russians are facing a catch 22 situation in mortgage and housing with small or good, who knows? chances to break the vicious circle.
--22-09-2012--


News:

Russian Government to Lower Tax Obligations for Regional Companies
Russian government plans to institute a number of measures for lowering tax burden for small and medium-sized businesses in the regions, Russian Minister of Finance Anton Siluanov said.
--28-01-2015--
Russian Businessman Timchenko Refuses to Build Kerch Bridge
Russian tycoon and Putin's ally Gennady Timchenko has refused to build a bridge across the Strait of Kerch to the Crimean Peninsula fearing for his reputation.
--09-12-2014--
Rosneft Calls Its New Mine Pobeda (Victory)
Igor Sechin called the success of the event a common victory of all project participants, as Rosneft Oil Company has successfully completed the drilling of the worlds northernmost Arctic mine Universitetskaya-1 which resulted in the discovery of oil in the license area of Vostochno-Prinovozemelsky-1 in the Kara Sea.
--28-09-2014--
Russian Finance Ministry Plans to Ease Visa and MasterCard Restrictions
On Wednesday, June 25, Russian Finance Ministry published a draft resolution that softens operating conditions for Visa and MasterCard before they acquire the status of nationally significant card payment systems (CPS).
--29-06-2014--
Visa and MasterCard Plan to Stay in Russia, Seek for Compromise
MasterCard stays in Russia 'in any case', while Visa hopes for a productive comprise with Russian authorities, the representatives of the companies said on Friday.
--31-05-2014--
Russian Leading Toy Shop Seeks London Listing
A leading toy retailer owned by a major conglomerate in Russia has said that it has filed for permission from the central bank to list on the London Stock Exchange.
--28-02-2014--
Jailed Russian Businessmen May Be Released Under an Amnesty
Thousands of jailed Russian businessmen may soon walk out thanks to a proposed economic amnesty, though Russian president calls that idea "raw".
--27-05-2013--
Roman Abramovich Welcomes the Second Child With Dasha Zhukova
Last Monday one of the world's richest people has become a father for the 7th time. Roman Abramovich and Dasha Zhukova welcomed their second child together, a daughter Leah.
--15-04-2013--
Russias Donskoi Tabak may acquire 34% in Greeces cigarette maker Sekap
The largest Russian independent tobacco factory, Donskoy Tabak, has reached an agreement on acquisition of 34% of Greek cigarette maker Sekap.
--19-03-2013--
No Horse Meat in Russian IKEA Stores
The scandal with horse meat sold as beef that has spread throughout Europe does not seem to come to Russia just yet: IKEA Russia has been cleared of faulty meatballs.
--27-02-2013--
Prokhorov Expected To Sell Polyus Gold Shares
Mikhail Prokhorov is to sell his share in Polyus Gold International, according to Bloomberg.
--24-01-2013--
X5 Retail Group Losing Edge to Magnit
The Russian FMCG market is going through a change of leaders at the moment, with heavyweight X5 Retail Group slowly but surely giving way to regional leader Magnit.
--16-01-2013--
Russia To Build $2BN Nuclear Power Plant in Bangladesh
Russia's state atomic energy corporation Rosatom says it will begin construction of an atomic power plant in Bangladesh in early 2014.
--16-01-2013--
Transneft To Increase Investment for 2013
Transneft has unveiled an investment programme worth 161.5 billion roubles, or some $5.4 billion, up 50 percent on 2012 figures.
--08-01-2013--
McDonalds intends to build a restaurant in Kemerovo
The chain of hamburger fast food restaurants McDonalds is going to take part in the auction to get a building plot for a restaurant in Kemerovo.
--04-01-2013--
Investors to get 5-year business visa to Russia
Foreigners, who represent companies investing into the Russian economy or take part in the project Skolkovo and building International Finance Center, will get the opportunity to receive Russian business visa for five years.
--04-01-2013--
In 2012 AvtoVaz has sold 537 625 Lada cars
In 2012 AvtoVaz has sold 537 thousand 625 Lada branded cars, says the company in its press-release. So the company sold about 44,8 thousand cars a month. Lada Priora and Lada Granta have become the most popular cars in Russia.
--03-01-2013--
No way to buy beer in kiosk
From January 1, beer is classified as a strong alcohol, according to the law, which came into force from the start of the year.
--02-01-2013--
Asos.com Seeking Entry in Russia
Asos.com is mulling expansion to the Russian market, with a possible acquisition of a major local player. Will Russia rise up to the expectations?
--17-12-2012--
Gazprom Gets Most Controversial Company Title
Gazprom is the most controversial company in BRIC countries, according to a recent study.
--14-12-2012--
Capital Outflow Continues
$60 million withdrawn from Russia over the past week alone as part of a nine week negative trend.
--07-12-2012--
Russia's Up in Transparency International's Corruption Rating
Transparency International moves Russia to 133rd place in its CPI report, but it's unclear whether the latest corruption scandals have been reflected.
--05-12-2012--
Russia SEO Conference Kicks Off in Moscow
One of the leading events in the Internet Marketing industry in Russia, Optimization-2012 conference takes place in Moscow on November 22-23, 2012.
--21-11-2012--
Russia is ready to revise Georgian wine come back
Russia and Georgia are ready to solve the issue of returning Georgian wine into the Russian market practically, said the First Deputy Minister of Foreign Affairs Andrey Denisov. The supply of Georgian wine into Russia was banned in 2006.
--15-11-2012--
Duty free alcohol is to be given over before a flight
Passengers will have to give over alcohol bought in duty free before a flight. The Ministry of transport is ready to support the Russian air lines, which have offered to ban alcoholic beverages on board.
--12-11-2012--
Mail.ru Group to expand worldwide under brand my.com
Russian Internet company Mail.ru Group has claimed about its intention to expand in the international Internet markets, using its new global name my.com
--31-10-2012--
Controversial Tax Proposals by Moscow Mayor
Russian businesses may face a new tax which would be neither an income nor a payroll tax. Rather, it would be paid in advance and would not depend on whether you ultimately win or lose.
--30-10-2012--
Yandex net income amounted $74.2 million in Q3
Yandex, the leading internet company in Russia, operating the country's most popular search engine and most visited website, today announced its unaudited financial results for the quarter ended September 30, 2012.
--30-10-2012--
A large coffee producer is to sell its coffee business in Russia
The Israeli company Strauss Group, which owns some coffee brands like Black Card (Chernaya Karta) and Platinum, is negotiating on selling its coffee business in Russia.
--30-10-2012--
Russian retailers may sell medicines
Russian retailers may get a permission to sell medicines, which do not require a prescription. Selling prescription-free medicines outside chemistries is to increase the competition in the pharmaceutical market and to cut down prices on the medicines.
--29-10-2012--
Finnish stores to accept Rubles
In the South-East of Finland large stores have claimed they will accept Rubles as payments since December 2012.
--29-10-2012--
Mail.ru Group reduced its share in Facebook to 0.75%
In October Mail.ru Group has sold a part of its shares in the social net Facebook. According to the companys financial report for the third quarter, its share has reduced from 1.34% to 0.75%.
--28-10-2012--
Renaissance Group opens a subsidiary in Nigeria
For the first time a Russian bank has entered the Nigerian financial market. A subsidiary of Renaissance Group has started working in this country, reports The Kommersant.
--28-10-2012--
Global Franchise Group to open three fast food chains in Russia
Three American fast-food chains are planning to enter the Russian market. The American company Global Franchise Group will bring ice cream cafe Marble Slab Creamery, gourmet cookies cafe Great American Cookies and hand-rolled pretzels café Pretzelmaker.
--23-10-2012--
French JCDecaux buys 25% of Russ Outdoor
JCDecaux, one of the world's leading outdoor advertising companies, is to acquire 25% share in the Russian Russ Outdoor from VTB Capital.
--22-10-2012--
IKEA has acquired a plant near Novgorod
The IKEA Group strengthens its integrated value chain by signing an agreement acquiring a production facility for particle board in Novgorod, Russia.
--21-10-2012--
A new luxury kids store is opened in Moscow
Today in the very center of Moscow, Kids GUM store has been opened. The store is offering luxury goods.
--21-10-2012--
Transferring money from Russia became easier with Yandex.Money
Since October 18 System of the electronic payments of the Russian internet giant, Yandex.Money, (Yandex.Dengi) has let its users to transfer money from their accounts to any other bank account in any country in the world.
--20-10-2012--
Russia written off $ 20 billion debt of African countries
Russia has written off more than $ 20 billion debt of African countries, said director of the Russian Foreign Ministry Department of International Organisations Vladimir Sergeyev at a session of the U.N. General Assembly.
--18-10-2012--
Russian-owned The London Evening Standard claimed its first profit
The British newspaper The London Evening Standard, which is belonged to the Russian businessman Alexander Lebedev, has brought its first profit to its owner.
--17-10-2012--
GUM has been recognized as a trade mark
GUM, the main department store of Moscow, has gained recognition of its abbreviation as a trade mark. Now the Moscow GUM can demand other as minimum 18 regional GUMs to change their names.
--17-10-2012--
Russian Internet Week Opens Today
The fifth Russian Internet Week has opened in Moscow on Wednesday, October 17, 2012. Once again the industry leaders plan to discuss the future of the Russian Internet, as well as to discuss the opportunities and trends in online media, globally as in Russia.
--17-10-2012--
Russian Railways electrified Iranian railways
Russian Railways has finalized the first joint Russian Iranian project in the railway sphere, reports the official press release of the Russian Railways.
--16-10-2012--
Aeroflot sold its duty free chain at Sheremetyevo
Aeroflot has sold out 66.7% shares in the company ZAO Aeroferst, an operator of a duty free chain at the airport Sheremetyevo.
--15-10-2012--
Russia's MD Medical Group attracted $ 311 million at IPO in London
Russia's MD Medical Group, which owns the clinic chain Mat I Ditya in Russia, has raised $311 million for new and existing shares (about 35%) at initial public offering in London.
--14-10-2012--
Prices for the Sochi Olympics hotels to be limited by the state
Russian government can set up prices for hotel rooms in Sochi during Sochi 2014 Winter Olympic Games. Prices might vary from 2.9 thousand Rubles up to 13.9 thousand Rubles for a night.
--14-10-2012--
Moscow sells its share in Radisson SAS Slavyanskaya hotel
The City of Moscow is to sell its 50% share in the Radisson SAS Slavyanskaya Hotel. The starting bidding price is 8 billion Rubles.
--10-10-2012--
Rosatom may invest in British nuclear power industry
Rosatom State Nuclear Energy Corporation is interested in participation in the building and exploitation of new nuclear power plants in the United Kingdom.
--10-10-2012--
MegaFon on IPO on London Stock Exchange
The second largest Russian mobile operator MegaFon has claimed about launching initial public offering (IPO) on the Moscow MICEX-RTS and London Stock Exchange (LSE) in the fourth quarter 2012.
--10-10-2012--
Altimo increases its share in VimpelCom
The fund Altimo, holding the telecom investments of the Alfa Group Consortium, has increased its share in the VimpelCom capital from 51% to 52.7%. The voting stake has been increased from 40.5% to 41.8567%.
--07-10-2012--
Renault Master might be produced in Russia
French carmaker Renault is considering the opportunity of producing light commercial vehicle Master in Russia.
--02-10-2012--
BlackRock acquired a stake of Moscow stock exchange
BlackRock, the worlds largest asset manager, has acquired a share in the Moscow stock exchange from the Russia Direct Investment Fund.
--30-09-2012--
90 thousand vending machines in Moscow to guarantee 40 billion turnover by 2015
The government of Moscow plans to increase the number of vending machines up to 90 thousand within three years.
--30-09-2012--
Russian military export to exceed $13 million in 2012
In 2012 the export volume of military goods is expected to exceed $13 billion. The exact volume was not announced as the numbers may change'.
--29-09-2012--
Russian chocolate market may grow 45% by 2016
According to KPMG research The chocolate of tomorrow: What todays market can tell us about the future, Russian chocolate market, which is now estimated $ 8 billion, may grow 45% by 2016.
--29-09-2012--
KAMAZ announced 56.6 billion Rubles revenue
The largest Russian heavy truck manufacture KAMAZ OJSC has announced 56.6 billion Rubles revenue in the first half of 2012.
--29-09-2012--
Electronic retailer Saturn leaves Russia
The German company Media-Saturn-Holding GmbH has given up developing brand Saturn in Russia. A shop Saturn in the shopping center Vegas in Moscow is changing its name to Media Markt.
--27-09-2012--
Moscow will get $ 940 million for Sberbank privatization
Moscow budget will receive about $ 940 million due to Sberbanks SPO, reports Interfax.
--25-09-2012--
$1,5 million diamond found in Yakutia
A unique diamond, weight 158,2 carats, estimated over $1,5 million, was found by JSC Alrosa, the largest diamond producer in Russia, in Yakutia in September.
--25-09-2012--
Promsvyazbank to attract $ 500 million via IPO
On Monday OJSC Promsvyazbank has claimed about its intention to hold IPO with listing in Moscow and London. The expected sum of investments is estimated into $ 500 million.
--24-09-2012--
iPhone 5 unofficial price in Moscow exceeded 3 times its cost in the USA
Unofficial price for the new Smartphone by Apple, iPhone 5, in the first hours of sales in Moscow exceeded more than three times its cost in the USA.
--24-09-2012--
Italy to invest $250 million into growing roses in Russia
Italian businessmen have claimed about their intention of investing $ 250 million into building greenhouse complex for growing roses in Stavropol Kray.
--24-09-2012--
Largest Search Engine in Russia Marks Its 15th Anniversary
Yandex, the largest search engine in Russia, marks its 15 th anniversary. The company has grown from a search engine into the largest Russian Internet resource with a wide verity of additional services
--24-09-2012--
Sberbank is among ten largest Runet advertisers
Sberbank, the largest Russian credit organization, ranked the 6th in the rating of largest Runet advertisers, reports The Kommersant, referring to the research of the agency MindShare.
--22-09-2012--
MTS and MegaFon started sales of nano-SIM cards for IPhone 5
Two Russian mobile operators, MTS and MegaFon have claimed about launching sales of SIM cards of new standards 4FF (nano-SIM) for IPhone 5. Beeline will offer new SIM cards in the nearest future.
--22-09-2012--
AvtoVaz to open production in Kazakhstan
AvtoVaz, Russias largest automaker and a Kazakh Asia Avto have signed a memorandum on building a plant in Kazakhstan, which will produce Russian cars, says the official press release.
--21-09-2012--
Russian Railways acquires 75% of the logistics operator Gefco
JSC Russian Railways, has commenced exclusive negotiations on acquiring 75% of the logistics operator Gefco from the French automaker PSA Peugeot Citroën.
--21-09-2012--
Russian retailers may find long-term agreements with producers more profitable
The largest food retailers, X5 Retail Group, Dixy and Ashan, have an intention to switch into long-term contracts with food producers, reports RBC Daily. A contract may be signed for three- four years instead of one year like nowadays.
--20-09-2012--
Vnesheconombank to invest $1.5 billion into Kiev metro
Federal center of the project finance, the subsidiary of the State Corporation Bank for Development and Foreign Economic Affairs has won the tender of the city of Kiev for investment consulting in building new stations of the city metro.
--19-09-2012--
RBC to broadcast Russian Bloomberg
In September 2013 the Information agency RosBusinessConsulting plans to start broadcasting another business TV channel, Russian Bloomberg.
--14-09-2012--
Technosila to sell nearly half of its operating shops
Technosila, one of the largest Russian home appliances net, is to sell its 40 out of 100 operating shops to its competitor Eldorado.
--12-09-2012--
UralVagonZavod plans to acquire the French ABRF Industries
"UralVagonZavod" scientific industrial corporation" PLC may acquire the French railway car building company ABRF Industries till the end of the year, reports the Kommersant, referring to the General Director of the Russian corporation Oleg Sienko.
--10-09-2012--
Decentralisation: Russians Recognise Regional Opportunities
In the last 6 years only 47 per cent of Russians sought to move to Moscow. More and more people believe they can find prosperity in the regions.
--05-09-2012--
Carlsberg Group got ownership of 96.77% of Baltika Breweries
The Dutch company Carlsberg Group has increased its ownership of the Russian Baltika Breweries by 12.05% to 96.77% through a voluntary offer that expired on 9 August.
--27-08-2012--
Moscow To Spend $1bln On Developing New Territories In 2013
Moscow is expected to spend $1bln in 2013, developing the newly acquired territories to a required standard.
--22-08-2012--
Pussy Riot May Become a Trademark
The notorious punk band defense admitted that in April 2012 they have filed papers to make "Pussy Riot" a registered trademark.
--21-08-2012--
The first large solar power plant to be built in Chelyabinsk
The first large solar energy project in Russia could be carried out in Chelyabinsk region. It will be a 100 MegaWatt generation.
--15-08-2012--
John Lobb Bootmaker Now Trades in Moscow
John Lobb Bootmaker, a manufacturer and retailer of bespoke and ready-to-wear shoes for men, has opened two corners in Moscow luxury trading centres in summer 2012.
--10-08-2012--
Pfizer-Owned Companies Embroiled In a Corruption Case in Russia
Two companies owned by the American Pfizer will now pay hefty fines for bribing healthcare officials in 4 countries in Eastern Europe, including Russia.
--08-08-2012--
Emporio Armani Caffe Leaves Yekaterinburg
A branded Emporio Armani Caffe in Yekaterinburg has terminated a franchise agreement with the local owner; Corteo Caffe is in the making.
--02-08-2012--
Advertisement Brings Big Profit To Yandex
Advertising has brought Yandex, the largest search engine in Russia, 6.664 billion Rubles in the second quarter of 2012. This is 1.5 times more than for the same period of 2011.
--02-08-2012--
Chinese company to build tyre casing plant in Bashkiria
One of the largest tyre producer in China, Triangle Group, has decided upon its tyre plant location in Russia. The plant which will produce 4-6 million tyres a year will be placed in Bashkiria.
--31-07-2012--
Hospitality Sector Developed By the Relative Of the Russian Railways Head
Several hotels localed within the easy reach from regional railroads are being built and developed by Andrei Yakunin, the son of the Head of the Russian Railways. Both sides deny nepotism.
--27-07-2012--
The Goa Government Threatens to Expel Russian Entrepreneurs
The newly elected governor of Goa State in India threatened to close down the Russian and Israeli enclaves, if they continue using their native language in business.
--25-07-2012--
Russia Officially Joins WTO
Russian President has signed the bill ratifying the country's accession into the World Trade Organization after 18 years of complicated negotiations.
--23-07-2012--
French Company Develops the Chemical Plant in Saratov
New production lines will open in Saratov: the French company CNF plans to develop a chemical plant in the premises of Saratovorgsintez.
--13-07-2012--
Central bank of Russia has sold more than $2 billion in June
In June 2012 the Central bank of Russia has sold $2.207 billion. That has become maximum net-sale since the start of the year. The Bank has also sold 173.11 million of Euro.
--09-07-2012--
British newspapers have yielded a loss to the Russian Businessman
The company Lebedev Holdings, controlled by Russian businessman Evgeny Lebedev has reported a 22.5% increase in pre-tax losses to £27.4m in the year to 2 October, reports The Independent.
--09-07-2012--
Yelena Baturina Visits Moscow to Give Testimonials in Court Case
The representative of Yelena Baturina has confirmed that the business lady is visiting Moscow to give the witness testimonial in the court case concerning the the Bank of Moscow.
--28-06-2012--
360 Billion Rubles Contracts were Signed at St. Petersburg International Economic Forum
A total of 84 agreements were signed as part of SPIEF 2012 with 9 contracts having a combined value of more than 360 billion rubles, including 4 loan agreements for 164.4 billion rubles.
--26-06-2012--
Russia has Made Vegetable Oil Export Record
In 2012 Russia has bitten its 2008 record on vegetable oil export. By the end of May oil export volume amounted 1.066 million of tons.
--09-06-2012--
Largest Kids Store in Moscow to Change its Name
The largest kids store in Moscow, Detskiy Mir (Kids World) in Lubyanka St., has to change its name after reconstruction, says the President of Gals-Development, the company holding reconstruction of the kids shopping center, reports RIA News.
--05-06-2012--
Science Cafe Organized in Moscow
The new project Science Cafe has been organized by the Department of Science, Industrial Policy and Entrepreneurship of Moscow. It works as a club for young entrepreneurs, scientists and politicians, who want to discuss the most relevant problems of modern science.
--04-06-2012--
Russia is among fastest growing luxury markets
Russia, India and China are ranked the fastest growing luxury markets in the world. The growth sales in theses counties is expected to reach 18-20%.
--20-05-2012--
Sales for electronic books has doubled
Demand for electronic books has doubled in Russia for the last year. Publishers have earned $135 million, according to the agency Rospechat.
--10-05-2012--
Credit cards market in Russia exceeded $13 billion
The volume of credit cards market in Russia has exceeded $13 billion in the first quarter 2012. It is 15 % more than the index of the last three month 2011.
--25-04-2012--
Nemiroff started bottling vodka in Russia
The shareholders of the Ukrainian company Nemiroff have started producing vodka at plants in Russia, in Penza Region and Tatar Republic.
--03-04-2012--
Moscow Sells Liberty Cosmetics Factory
The oldest Moscow cosmetics factory Svoboda (Liberty) was sold by the Moscow authorities at the auction on March 29.
--29-03-2012--
BMW Withdrew 15,000 Cars from the Russian Market
BMW withdrew 15,000 models of 5 and 6 Series produced between 2003 and 2010. This is due to a technical fault that can affect the process of starting a car.
--27-03-2012--
Design and Advertising Exhibition Comes to Moscow in April 2012
18th Design and Architecture Exhibition at the Central House of the Artists in Moscow is expected to present the latest innovations in all spheres of Advertising Industry.
--26-03-2012--
SberBank of Russia Supports Small Businesses
SberBank of Russia plans to open up to 10 support centres for small businesses in the capital, the Moscow Government announces.
--23-03-2012--
Russia Is Ahead of Britain in Broadband Internet Access
According to a survey conducted by JSon and Partners Consulting, in 2011 Russia was ahead of Britain in providing broadband Internet access.
--21-03-2012--
LG A290 Cell Phone with 3 SIM cards Premiered in Russia
LG has premiered a new phone on the Russian market. The new model will accommodate the needs of those who have different service providers: it comes equipped for 3 SIM cards and an Economy Regime to automatically switch between them.
--19-03-2012--
The Oldest English Toy Store Hamleys to be Opened in Moscow
The toy store under the British brand Hamleys to be opened in Moscow. The first shop will be opened in the shopping center Evropeyskiy. The official opening ceremony is appointed at the end of March.
--07-03-2012--
JFC bankruptcy doubled banana price in Russia
In Russia banana retail price has grown by 50% per cent since the mid February and amounts 51.87 Ruble per kilo ($ 1.73).
--05-03-2012--
SIBUR and Relianc Industries form a Joint Venture to produce butyl rubber in India
The Russian petrochemical holding Sybur and Indian Reliance Industries (RIL) has created the joined venture on production butyl rubber in Jamnagar, India. Sibur will get 25.1 % share in exchange for its technologies.
--23-02-2012--
Europejsky shopping center to be privatized
One of the most popular shopping center in Moscow, Europejsky, which is situated next to Kievsky Railway Station, to be completely privatized by businessmen God Nisanov and Zakhar Iliev.
--06-02-2012--
Russian Movers and Shakers Are Announced
Within the special project dedicated to the 20th anniversary of modern Russia's history, the Financial Times has published the list of 25 most interesting Russians, so-called "movers and shakers".
--23-12-2011--
Get VAT Back in Tax Free Russia!
Tax free system will be introduced in Russia from 2012. This will let foreign tourists to get value added tax back on the goods bought in Russia. Now VAT is Russia is 18%.
--14-12-2011--
Retail in Russia 2011 Conference: Perspectives for Digital Future
The 7th international conference, Retail in Russia, organised by the Vedomosti newspaper, plans to discuss the perspectives for development for traditional retail and e-commerce, quality control, and investment opportunities. This one-day business event takes place on December 15, 2011.
--09-12-2011--
Russian Small Towns Are in Risk Zone
The number of medium and small towns in Russia will fall in the nearest decades, claims the Ministry of Economic Development.
--08-12-2011--
10 Ruble Space Coin is Issued by Central Bank
A 10 Rubles coin with a space ship, stars and the Earth depicted on it has been introduced into circulation today by the Central Bank. The space coin is devoted to the 50th Anniversary of the first human flight in space.
--01-12-2011--
Gazprom to Build Gas Pipeline in North Korea
The state monopoly Gazprom will become the only builder of the North Korean section of the gas pipeline which will transfer the Russian Far East gas to the South Korea via North Korea.
--01-12-2011--
Sogaz to Insure Gazprom for $2.8 bln
The Sogaz Insurance Group turned out the only applicant for making insurance contracts from 2012 up to 2016 with the state monopoly Gazprom, reports Interfax. The companies will make 12 contracts.
--29-11-2011--
Resorts of the North Caucasus Want to Control All Resort Business in Russia
The Russian state company Resorts of the North Caucasus will strike for expanding its authorities. The RNC intends to suggest creating all-Russian resort operator on its base to the government.
--28-11-2011--
Russia Gets Beltransgaz, Belarus Gets $165.60 Gas
The Russian state company Gazprom has acquired 50 % share in Beltransgaz for $ 2.5 billion, what makes it the sole owner of the Belarus pipeline which carries gas from Russia to the European Union.
--25-11-2011--
Biggest Russian Food Retailer to Work Round the Clock
The biggest Russian food retailer X5 Retail Group will make its chain shops, Pyaterochka, Perekrestok and Karusel, work 24 hours a day. According to Kommersant, the company strikes to fulfill its profit plan.
--25-11-2011--
Monaco FC to be Acquired by Russian Businessman
Russian businessman intends to invest $ 200 million into Monaco FC. The former owner of Uralkali, Dmitry Rybolovlev, is reported as a possible buyer.
--23-11-2011--
Russia Grants $ 8 Billion to Vietnam for Building Nuclear Power Plant
Vietnam will get $ 8 billion credit money from Russia for building a nuclear power plant. The Russian state corporation Rosatom will carry out the constructing works.
--23-11-2011--
Large Russian Cigarette Producer to be Sold to Foreign Investors
The last large Russian cigarette producer Donskoy Tabak may be sold to foreign investors by March 2012, reports Russian mass media.
--22-11-2011--
VTB Bank Top-Manager Earns $ 25 Million in 2011
The most paid top-manager in Russia, according Forbes, earns $ 25 million. Forbes has called five Russian top-managers who are top-paid in 2011.
--21-11-2011--
The New Stock Exchange Named MICEX RTS
The new stock exchange, which was created as a result of merging MICEX () and RTS (PTC), will get a temporary name MICEX RTS.
--21-11-2011--
Qatar May Enter Gas Production in Russia
Qatar is interested in participation in gas production in Yamal and in Novatek assets.
--18-11-2011--
North Korea to Earn $ 100 Million on Transiting Russian Gas
North Korea will gain from Russian gas pipeline from Far East to South Korea. As a transit territory for Russian gas supply, Democratic Peoples Republic of Korea will get about $ 100 million a year.
--17-11-2011--
Russian Businessman Has Agreed to Sell France Soir for 1 Euro
Russian businessman Alexander Pugachev has agreed to sell his newspaper France Soir for one Euro, provided that a new owner pays out all the publishing houses debts.
--14-11-2011--
APEC Jubilee Summit Comes to Vladivostok in 2012
The 20th summit of Asia-Pacific Economic Cooperation will be held in Vladivostok in 2012. The topics for discussion will include intellectual property rights and goods safety.
--14-11-2011--
Joining WTO, Russia to Reduce Agricultural Customs Duties
Russia has agreed to reduce import duties for some groups of products as part of Russias membership in the World Trade Organization (WTO).
--12-11-2011--
The Russian Top Model Sasha Pivovarova Stars in Giorgio Armani FW 11/12
The Russian supermodel Sasha Pivovarova is the star of the new video ad for Giorgio Armani's fall-winter 2011/12 collection.
--03-11-2011--
The First Bangladeshi Nuclear Power Station to Be Built by Russia
The Russian state corporation Rosatom has signed an agreement on building the first nuclear power station in Bangladesh. According to the document, two energy units, 1 gigawatt each, will be built in the area of Ruppur in Bangladesh.
--02-11-2011--
Korea to Become the First Foreign Investor in Resorts of the North Caucasus
Korea Western Power, one of the leaders in the green energy sphere, is to build a system of coil, sun and wind power stations. The Korean company has signed n agreement on investments with the state company Resorts of the North Caucasus. The sum of investments will make up $1 billion.
--02-11-2011--
Subway Is Leading in Numbers of Fast Food Restaurants in Russia
Fast food net Subway has overcome McDonalds in number of restaurants in Russia. Last week Subway opened some new restaurants and their total number has reached 286.
--01-11-2011--
Russian Banker Has Acquired a 50% Share in English FC
Russians keep on investing into English football. Maxim Demin, the co-owner of the bank Zenit has acquired 50 % of shares of Bournemouth football club from the club management.
--31-10-2011--
Russia Plans to Build 20% of World Nuclear Power Stations
Rosatom plants to get no less than 20 % nuclear power station deals in the world market in the nearest twenty years.
--27-10-2011--
Volvo Fashion Week, 26-31 October 2011 (And Russian Celebrity Phobias)
Mercedes-Benz Fashion Week just ending, another Fashion Week comes to Moscow until the end of October - sponsored by Volvo. Along comes a photographic project by Mikele Ceppi: a study into phobias of Russian celebrities
--27-10-2011--
Barclays Banks Assets in Russia are Sold
Barclays Bank PLC has sold Barclays Bank LLC, including retail and commercial banking operations in Russia to a group of investors. One of the leading Russias banker, Igor Kim, is called among the investors.
--26-10-2011--
IKEA to Start Car Wash Business in Kazan
The world largest furniture retailer IKEA plans to open a car wash net at its stores in Russia. The first car wash will be opened in November 2011 on the territory of Mega store in Kazan.
--24-10-2011--
iPad Adds 5% of Customs Duties to its Price
Pads fitted out with GPS modules, among them Apple iPad2 Wi-Fi + 3G and Samsung Galaxy Tab, are regarded by the Federal Customs Service as navigators when imported into Russia. This makes them a subject of custom duties as much as 5 %.
--24-10-2011--
Russian Top-Managers Wage Growth is One of the Most Rapid in Europe
Top managers, working for large Russian companies, earned 70 % more than their European colleagues last year.
--21-10-2011--
7 Trillion Rubles Might be Invested into Oil and Gas Shelf Development
From 6 up to 7 trillion Rubles are planed to be invested into gas and oil deposits on shelf within the state program of developing Russian continental shelf till 2030. More than 1 trillion Rubles might be allotted from the federal budget.
--21-10-2011--
Eurocopter Plans to Open its Production in Russia
Eurocopter, one of the largest helicopter producers in the world, plans to open its production in Russia. Eurocopter partners in assembly production may become one of the companies of former Minister of Communications and Information Technologies Leonid Reiman.
--20-10-2011--
Russia to Build Tank Terminal Europoort West in the Netherlands
Russian group Summa has won a tender on building and exploitation of Tank Terminal Europoort West in the Dutch port Rotterdam.
--20-10-2011--
Industrial Production Has Fallen Second Time for the Last Three Month
In September 2011 the industrial production in Russia including seasonal factors has reduced on 0.3% in comparison with August, and without seasonal factors on 0.8%, reports Federal State Statistics Service in its press release. By September 2010, the growth has made up 3.9%.
--18-10-2011--
Russia May Reduce Palladium Export in 10 Times
Russia will have to reduce palladium supplies abroad in 10 times for the next two years. Then the export of the metal could stop at all.
--17-10-2011--
Russian Producer of Mineral Fertilizers May Acquire Gas Assets
The company EuroChem, a Russian producer of mineral fertilizers, regards an opportunity of acquiring gas assets. The agreement with potential sellers could be reached within this month.
--17-10-2011--
M&A Market in Russia is Biggest after the Crises
For the first three quarters of 2011 the total market size of merger and acquisition has made up $ 60 billion.
--14-10-2011--
Largest Russian Beauty Producer to be Acquired by Unilever
Unilever PLC has agreed to acquire 82% Russian skincare company JSC Concern Kalina for about 16.7 billion (?390m), is reported in Unilever press release. Unilever has been preparing the deal for several years.
--14-10-2011--
Mercedes-Benz Fashion Week Russia, October 21-25 2011
Mercedes-Benz Fashion Week Russia is to be held in Moscow on October, 21-25th at the Congress Hall of the World Trade Centre. Special guest - the supermodel Jessica Stam.
--13-10-2011--
Russian Stock Exchanges to Work on New Years Holidays
From 2012 Russian stock exchanges will work during New Years holidays. The stock exchanges will be open from January 3 up to 6 and from 8 up to 10, unless these days are weekend.
--12-10-2011--
Russia and China Created $ 4bln Investment Fund
Russian fund of direct investments (RFDI) and the worlds largest state investment company China Investment Corporation (CIC) has signed a contract on creation of joint fund of 4 billion dollars.
--11-10-2011--
Russia to Collect 95 mln Tons of Grain
Russia is to collect more than 95 mln tons of grain. Earlier the Ministry of Agriculture forecast only 90 mln tons of the grain harvest in the current year.
--07-10-2011--
PepsiCo Removed its Ads from TV in Russia
The company PepsiCo has refused from placing its advertisement on all Russian TV channels by the end of the year. The refusal may be connected with acquiring the company Wimm-Bill-Dan by PepsiCo in the beginning of 2011.
--05-10-2011--
Customs Union Turnover to Exceed $100 bln in 2011
The total turnover of member countries of the Customs Union will exceed $100 bln this year.
--03-10-2011--
Largest Submarines in the World to be Destroyed
The largest submarines in the world Dmitry Donskoy, Arkhangelsk and Severstal are to be written off and cut into metal. The further use of them is impossible because of restrictions, placed by START.
--29-09-2011--
Hemp Production in Russia Would Have $ 3.4 bln Turnover a Year
The revival of hemp growing traditions in Russia would have 100 bln Rubles (about $ 3.4 bln) annual turnover and create 1 mln jobs.
--29-09-2011--
Syrian Airlines to Buy Tupolev Air Jets
Russian companies Tupolev, the plant Aviastar-SP and Syrian airline Syrianair have signed a memorandum of intent on supplying Tu-204SM passenger jets.
--28-09-2011--
Russian Largest Fertilizer Producer is to Buy Plants in France and Belgium
Russian agrochemical holding EuroChim, owned by Andrey Melnichenko, intends to acquire BASFs fertilizer assets located in Belgium and France.
--28-09-2011--
Kremlin Hires: SuperJob Invites Applications for the Vacancy of the President
Now that the presidential campaign has all but started, and the Kremlin's seat is assumed to be vacant, SuperJob, Russia's leading job search portal, has opened a spoof vacancy - that of the President. A successful candidate's salary will start at 281500 RUR per month - 8,811.76 USD.
--27-09-2011--
Italian Eni to Make Oil Business in Russia
Italian Eni, one of the major Gazprom partners in Europe, intends to start oil business in Russia. The company is negotiating with Rosneft about joining oil extraction project in Vale Shatskogo in the Black Sea.
--27-09-2011--
Coca-Cola to Invest $ 3 bln into Russia
The American company Coca-Cola intends to invest $ 3 bln into the Russian economy for the nearest five years. According to the agency, Coca-Cola has already spent $ 3 bln for the all time of its presence in the Russian market.
--27-09-2011--
MTS and Vimpelcom to build LTE Network Together
Russian mobile operators Mobile TeleSystems (MTS) and Vimpelcom (brand Beeline) have signed an agreement on joint building and using fourth generation nets (LTE).
--26-09-2011--
Rusal May Build Aluminium Plant in Iran
Rusal considers the possibility of building an aluminium plant in Iran, which would make the 9% from its whole production, writes the newspaper Kommersant. The U.S. sanctions against Iran make some difficulties for the project realization.
--22-09-2011--
Metro Group to Develop Small Shop Network in Russia
In 2011 German Metro Group, famous for its small-scale wholesale hypermarkets, is to open some food shops of 40-100 sq meters in Russia. Afterwards Metro plans to develop the new format on franchise.
--22-09-2011--
Japan Whiskey Plans to Conquer Russian Market
Japan alcohol giant Suntory Holdings Ltd. plans to enter the Russian market independently by the end of the year. The largest producer of whisky in Asia is considering the possibility of buying assets in Russia and opening its own office in Moscow.
--22-09-2011--
What's the Business about the Moscow Zoo?
One of the top Moscow recreation hot-spots, the Moscow Zoo, is advised by foreign experts to move places. The move, if approved, may see animals migrating to the Izmailovsky Park area in the east of Moscow.
--20-09-2011--
Euroset May Give Up Managing Vertu Shops
Euroset, one of the largest mobile retailers, intends to give up its managing monobrend mobile elite phones Vertu shops.
--18-09-2011--
HTC Starts Sales of First Windows Phone 7 Smartphone in Russia
Today HTC launches HTC Mozart in Russia, its the first smartphone on Windows Phone 7 OS. This was announced by the HTC and Microsoft officials at a press conference in Moscow yesterday.
--16-09-2011--
BNP Paribas Vostok is Closing its Business Lines in Russia
Russian subsidiary of one of the largest European banks BNP Paribas, BNP Paribas Vostok, is closing all its business lines, except express crediting, before the deal with Sberbank.
--16-09-2011--
Victoria's Secret Comes to Moscow
One of the world's largest retailers, Victoria's Secret, will open four lingerie stores in Russia's capital.
--15-09-2011--
UEFA Champions League Logo Is Defended by Rospatent
The Russian Federal Service for Intellectual Property, Patents and Trademarks has upheld a complaint from the UEFA in the plagiarism dispute concerning the famous symbol of the Champions League - a soccer ball composed of stars.
--15-09-2011--
Central Ural Took The Second Place In Trade Development In Russia
Region of Sverdlovsk received a prize in nomination " Region " at the anniversary annual business summit " Retail Business Russia 2011 ".
--14-09-2011--
Russia Launches Major Gas Pipeline to Europe
On Tuesday Russian Prime Minister Vladimir Putin launched the Nord Stream pipeline, which was designed to bring Russian natural gas to Germany through the bed of the Baltic Sea, avoiding shipments via Ukraine.
--13-09-2011--
Book Sales in Russia Go down by 10-15 Percent Every Year
Sales of books in Russia decrease every year by 10-15 percent. According to forecasts of publishers, in 2011 Russians will spend on them about 2 billion dollars, though just 3 years back the amount was almost one and a half time more.
--10-09-2011--
World's Biggest Retailer Hires Lev Khasis as a Vice President
Wal-Mart Stores hires Lev Khasis, former head of food retailer X5 Group, as a senior vice president and chief leverage officer, a spokeswoman of the company said on Thursday.
--09-09-2011--
Russian Internet Shop OZON Attracts Record Investments
Ozon.ru has attracted investments to the record amount of $100 million, the companys press-release reports.
--08-09-2011--
Russia to Buy 2 More French Warships
Russia is going to sign a contract with France for the production of the third and fourth Mistral-class amphibious assault ships before the end of 2011.
--08-09-2011--
Production Of Venison Meat Dumplings Has Started
An enterprise of Chukotka has started a production of meat dumplings with a very unusual filling - venison. The products were called " Anadirskie" and " Crazy".
--07-09-2011--
Dmitry Medvedev Meets the Queen of Denmark In Moscow
The Queen of Denmark Margrete II has come to the capital of Russia for three days and is going to discuss trade, economic and investment issues with the President of the country.
--06-09-2011--
Russia to Open Shtokman Field for Working in 2016
Russia plans to start producing gas at the giant Shtokman offshore field in the Arctic from the fourth quarter of 2016, according to Prime Minister Vladimir Putin.
--06-09-2011--
364 bln Rubles to be Invested in Russian Roads Next Year
About 364 bln Rubles (about $12.2 mln) will be allotted from federal budget for building, capital repair and maintenance of automobile roads in 2012. About 309 bln Rubles is planned to be spend on the same purposes in 2011.
--03-09-2011--
One Third of Brand Goods in Russia is Fake
The share of fake famous brand clothes in Russia has made up 37 % of total turnover, informs the Department of Economic Security of the Ministry of Internal Affairs based on the results of operation Counterfeiting held this spring.
--03-09-2011--
Payment System QIWI Starts Working in Latvia
Payment system QIWI came in the Latvian market from September 2011. Riga residents will be the first to try Qiwi terminals. 125 Qiwi terminals will be installed there by the end of the month
--03-09-2011--
70 mln Rubles to be Allotted for Improving Business Image of Russia
The Ministry of Economic Development and Trade has allotted 70 mln Rubles for strengthening positive attitude of the world business community towards Russia and creating an Internet site devoted to the International Financial Center.
--30-08-2011--
Belarus Does Not Refuse $2 Bln Sberbank Loan for JSC Belaruskaliy
The Belarus authorities do not refuse obtaining a $2 bln loan from Sberbank and Deutsche Bank for the state company Belaruskaliy.
--30-08-2011--
Yekaterinburg Citizens Take Out Mortgages to Buy Suburban Property
The property analysts from Yekaterinburg and Sverdlovsk Region have noted a significant spike in mortgages taken out to buy property outside Yekaterinburg city centre. For many, this is a chance to get on the property ladder.
--29-08-2011--
A Former USSR Republic Is Fourth on the List of Cheapest Countries for Petrol
If you live in Britain or Norway, there is now one more reason to consider a move closer to Russia. In Turkmenistan, a former USSR republic and one of the CIS countries petrol costs only 12p per litre - compared to staggering 135p in Britain and 164p in Oslo.
--26-08-2011--
North Korea and Russia to Cooperate in the Gas Field
Launching collaboration in the gas field between Moscow and Pyongyang has become the main result of Kim Jong-Il s visit to Russia.
--25-08-2011--
VimpelCom Ltd to Sponsor Manchester United
One of the major mobile phone service providers in Russia, VimpelCom Ltd has signed a 3-year sponsorship deal with Manchester United. The company will be able to use Manchester United players' photos and brand images in its advertising in Cambodia, Laos, and Vietnam.
--24-08-2011--
Russians to Get Paid on E-Bay through PayPal
Internet payment company PayPal has let to transfer money to the Russian accounts from abroad. This will allow Russians to trade and get paid on e-Bay auction.
--24-08-2011--
MAKS 2011 Closed with $10 billion Contracts Signed
Over $10 billion contracts were signed on International Aviation and Space salon MAKS 2011. It is a record sum in comparison with previous years.
--21-08-2011--
Arkhangelskoye Estate May be Sold Out
The famous Arkhangelskoye estate may be sold out. The land, which used to be owned by the Ministry of Defense and then given to the museum on the Right of the Perpetual Use in mid 90es, is put out to tender. Now the Russias historic heritage may become a private property.
--19-08-2011--
India is Interested in Russian Sukhoi Business Jet
Sukhoi Civil Aircraft has signed an agreement on intention on supplying 10 Sukhoi Business Jet in VIP configuration with an Indian leasing company Aviotech at International Aviation and Space salon MAKS 2011.
--18-08-2011--
Venezuela Might Move a Part of its Monetary Reserves into Russia
Venezuela plans to transfer billions of dollars in cash reserves from European and U.S. banks to banks in Russia, China and Brazil.
--17-08-2011--
AvtoVAZ Announced 2 Billion Rubles Net Profit in the First Half Year
AvtoVAZ posted a 2 billion ruble ($70 million) net profit to Russian Accounting Standards in the first half of 2011, after a 724 million ruble loss in the same period last year.
--15-08-2011--
Russian Stock Market Fell
Russia's RTS stock index dropped 7.8% to 1,657.77 as falling oil prices hit the heavily represented energy sector. MICEX index sank 5.5% today to 1499,8.
--08-08-2011--
Enquiry: Why Cell Operators Charge More for Cyrillic SMS Messages?
The Federal Antimonopoly Agency of Russia is to conduct an enquiry into mobile network charges of Russian operators, following claims that their cost depends on the choice of an alphabet.
--05-08-2011--
Two Protest Actions Against the Petrol Price Surge in Moscow
Yesterday in Moscow there were two protest actions against the petrol's price surge.
--05-08-2011--
Russian LiveJournal Bloggers Are Again Disconnected
Yet again the Russian LiveJournal has been under an avalanche of D-DOS attacks. The service is still unavailable for some users.
--27-07-2011--
Berezovsky Agrees to Pay the Largest Divorce Sum
Self-exiled businessman Boris Berezovsky has agreed to Britain's biggest divorce settlement to date, his second wife's lawyer said on Friday.
--26-07-2011--
Alexander Lebedev Files a Defamation Lawsuit for 30mln Rubles
The Russian businessman Alexander Lebedev wants the newspaper to disprove the scandalous article and pay him compensation for moral damage.
--25-07-2011--
The FIFA World Cup Will Cost Russia a Fortune
The cost of holding the 2018 FIFA World Cup Championship is estimated at 632bln RUB - almost 4 times more than the initial forecast predicted.
--22-07-2011--
Dry Law in Russian: Beer Equals Vodka - It's Alcohol
Sad news for those who appreciate a good pint of lager: beer is now officially an alcoholic drink in Russia. It cannot be consumed in the street and can only be sold in small shops and supermarkets.
--21-07-2011--
Alexander Lebedev: "I Would Rebrand The News of the World"
Alexander Lebedev, the Russian billionaire businessman who owns The Independent and London Evening Standard, indicated that he would rescue The News of the World - to make it a serious asset to the world of investigative journalism.
--21-07-2011--
Russian McDonald's Earns Much More than Gourmet Restaurants
Russian subsidiary of American McDonald's earned more than 37 billion rubles in 2010. Their net profit amounted to 4,46 billion rubles.
--15-07-2011--
The Head of General Electric to Join the Board of Directors of RAO UES
Russian state-controlled power exporter is going to appoint Jeffrey Immelt, General Electric Co. Chief Executive, to its board.
--14-07-2011--
Sberbank to Build a Technology Park in Skolkovo
Russia's largest bank Sberbank plans to invest 800 million dollars in a technology park creation in Skolkovo, an innovation center near Moscow.
--12-07-2011--
Russia to Increase Oil Production in 2011
In 2011 Russia will produce about 510 million tons of oil and break the record of the last year.
--11-07-2011--
Russia Allowed the Import of Vegetables from Six Countries of EU
Russian Federal service on customers' rights protection and human well-being surveillance has lifted a ban on vegetable imports from Greece and Czech Republic.
--11-07-2011--
Rusnano to Invest in Kamaz
The joint-stock company Russian Nanotechnologies Corporation (Rusnano) is going to invest 300 million dollars in the modernization of metallurgical plant Kamaz, Russian largest truck manufacturer.
--11-07-2011--
India and Russia to Explore Nanotech Business Opportunities
Russia and India are sharing a relationship and may explore business opportunities in fields like biotechnology and nanotechnology, according to Ajai Malhotra, Indian Ambassador to Russia.
--07-07-2011--
Russian to Ban Seeds Import from Egypt
After the EU imposed a ban on the import of seeds from Egypt, which led to an outbreak of acute intestinal infections in Europe, Russia's sanitary watchdog Rospotrebnadzor also banned seeds and sprouts import from this country.
--07-07-2011--
Abrau-Durso's Owner Bought the Vineyards of "Putin's Palace"
Abrau Durso company, Russia's largest producer of sparkling wines, owned by Boris Titov, buys vineyards and a winery in Gelendzhik from Russian businessman Alexander Ponomarenko.
--06-07-2011--
Volga is Gone
The Volga brand, owned by the Gorky Automobile Plant, will be no more. The GAZ company decided to get rid of it.
--05-07-2011--
300 000 Lada Cars Sold
In the first six month of this year the Volga Automobile plant sold about 300 000 Lada cars in Russia.
--04-07-2011--
Russia to Develop the Largest Coal Deposits in Mongolia
A consortium of companies, headed by Russia, became one ot the preliminary winners to develop Mongolia's largest coal field Tavan-Tolgoi.
--04-07-2011--
Rosneft Cheats
A former employee of Rosneft Vladimir Tyurin has recorded a video message to Russian President, in which he talks about cheating at petrol stations in Russia.
--30-06-2011--
Campbell's Leaves Russia
American producer of canned soups Campbell Soup Company, closes its Russian branch.
--29-06-2011--
A Farewell to Russia
Two more foreign banks will withdraw from Russia. Subsidiaries of American GE Money Bank and Swedish Handelsbanken are going to leave the country.
--29-06-2011--
Gazprom and Severslat Entered the List of Most Expensive Companies
Russian Gazprom and Severstal entered the annual ranking of world's largest companies of the FT Global 500.
--28-06-2011--
Aeroflot to be Privatized
Russian airline Aeroflot may enter a program of privatization of the Russia government. According to Alexei Kudrin, Finance Minister, Aeroflot may be privatized in the next 3-5 years.
--27-06-2011--
India byus Russian Helicopters
Russia is planning to implement a pre-contract to supply India with 80 Mi-17 helicopters in early 2012.
--23-06-2011--
Russia's Largest Oil Companies Stop Selling Gasoline
Russia's largest oil companies, including Rosneft, Gazprom and Lukoil, temporarily stopped selling gasoline in the St. Petersburg's International Commodity Exchange.
--23-06-2011--
Gazprom's Subsidiaries to Merge
Shareholders of Gazprom subsidiary companies OGK-2 and OGK-6 voted for the amalgamation of the companies. As a result, a third-largest company of Russia's electricity market will be created.
--22-06-2011--
One more IPO is Planned
O1 Properties, Russian investment and development company, owned by Boris Mints, plans an IPO in autumn, 2011.
--22-06-2011--
Luxemburg to Seiz Lisin's Assets
The Palace of Justice of Luxemburg has arrested Russian steelmaker NLMK's share in a joint venture with Duferco trader, owned by Luxembourg company Steel Invest & Finance.
--20-06-2011--
Diamond Monopoly Privatization
Russia is going to sell 10% stake in Alrosa, Russia's largest diamond company by 2012-2013.
--20-06-2011--
Talgo Enters Russian Market
Russian Railways state-owned company has signed an agreement with Spanish Talgo for the development and purchase of seven Talgo trains.
--20-06-2011--
Siemens to Supply Russia with 8 more Trains
The Russian Railways (RZhD), government owned national rail carrier, expects to sign a contract with Siemens for the supply of eight Sapsan trains.
--16-06-2011--
The Economic Forum Starts Today
An International Economic Forum starts today in St. Petersburg.
--16-06-2011--
Russia Banned Imports from 14 Countries due to Intestinal Infection
Russian Federal Service for Veterinary and Phytosanitary Surveillance temporary banned import of agricultural products from 14 countries in connection with an intestinal infection, spreading in the EU.
--15-06-2011--
Wendy's Enters Russian Market
Wendy's, an international fast food chain, based in the U.S., opened its first restaurant in Moscow.
--15-06-2011--
Solovki's New Project
Russia plans to develop tourism in Solovki, it is planned to restore the Solovetsky monastery and to create tourism infrastructure outside of the archipelago. The amount of investments may reach ten billion rubles.
--14-06-2011--
Ford and Sollars to Create a Joint Venture
Russian second-biggest automaker Sollers and Ford Motor signed an agreement to establish a joint venture and car producing in Russia.
--09-06-2011--
The EU to Invest a Billion Euros in Russia's Modernization
European and Russian banks will allocate 2 billion dollars for the program "The partnership and modernization".
--09-06-2011--
National Hotel to be Sold
Moscow authorities are going to sell the most famous and glamorous National hotel in Teatralnaya Ploshchad.
--07-06-2011--
Muscovites Work Less
The research of the State Committee for Statistics (Rosstat) has disproved the classic stereotypes of Moscow as a city where life never stops. People in Moscow do not work tirelessly.
--06-06-2011--
Russia to Invest 100 Billion Rubles in a New Black Sea Port
It is planned to build a new port on the Black Sea. Russia will invest $3,6 billion in the project.
--06-06-2011--
Renault and Nissan to Invest 2 Billion Dollars in AvtoVAZ
The Nissan-Renault alliance is planning to invest in Russia's largest automaker Avtovaz up to 2 billion dollars.
--03-06-2011--
Russia Ranks among Top Five Countries by the Number of Super-Rich Families
Russia entered top five countries by the largest number of super-rich families, whose income exceeds 100 million dollars.
--02-06-2011--
Manufacturing of Ford Focus 3 in Russia will start in July
Ford Motor Company expects to start making the new generation of Ford Focus cars at the plant in Vsevolzhsk in Leningrad region in July.
--01-06-2011--
Russia to Invest in Mongolia
Russian rail monopoly Russian Railways is going to invest $1,5 billion in Mongolia's rail infrastructure to help the country develop its coal resources.
--01-06-2011--
Crystal Owner Gets Rid of the Alcohol Business
Vasily Anisimov, Russian billionaire, is going to withdraw from the alcohol business.
--31-05-2011--
Nissan's Plant in St. Peterburg to be Suspended for 5 Days
Japanese carmaker Nissan's plant in St. Petersburg will suspend operations from May, 30 to June, 3, due to some problems with engine deliveries from Japan.
--30-05-2011--
Yandex's Employees Became Millionaires
Selling shares of Russian Yandex on Nasdaq has allowed comany's employees to earn an average of two million dollars.
--30-05-2011--
France to Develop Ski Resorts in North Caucasus
Russian state-owned company Resorts of the North Caucasus and French bank Caisse des Depots et Consignations will create a joint venture to develop tourism in the region.
--27-05-2011--
Gazprom-owned NIS to Drill in Romania
NIS, a subsidary of Russia's Gazprom, will start a 12-well exploratory drilling program in Romania.
--26-05-2011--
Outlet Village Belaya Dacha to Appear in November
Russia's first outlet store Outlet Village Belaya Dacha will be opened in November, 2011. The outlet mall will be located in Kotelniki, Moscow region.
--26-05-2011--
Siemens and Hyundai to Construct Moscow Subway
German's Siemens and Korea's Hyundai offered the government of Moscow to develop some areas of capital's subway.
--25-05-2011--
Rosneft to Deal with Japan
Rosneft, Russian state oil company, is going to create a joint venture with Japan to fund oil exploration in Siberia.
--25-05-2011--
Yandex to Complete the IPO
Russia's largest Internet search engine Yandex plans to raise 1,3 billion dollars in the IPO.
--24-05-2011--





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