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Looking Up to European and Generation Sector
On Monday October 1, players on the Russian stock market did not manage to keep on the growth wave without strategic investors’ support. Correction, however, was selective, with some stocks posting sweeping growth.
On Monday October 1, players on the Russian stock market did not manage to keep on the growth wave without strategic investors’ support. Correction, however, was selective, with some stocks posting sweeping growth.
Published: 02.10.2007 12:38
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Banks Develop Loans to SMEs
Rosbank and the Fund for Support of Loans to Small Businesses in Moscow have signed a cooperation agreement, giving more Moscow businessmen a chance to take out loans from Rosbank upon the presentation of the Fund’s guarantee instead of a lacking surety.
Rosbank and the Fund for Support of Loans to Small Businesses in Moscow have signed a cooperation agreement, giving more Moscow businessmen a chance to take out loans from Rosbank upon the presentation of the Fund’s guarantee instead of a lacking surety.
Published: 02.10.2007 12:36
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Russian Economics Ministry Forecasts Further Growth
Russia’s Ministry of Economic Development and Trade estimates the social and economic situation in the country as generally favourable, Minister Elvira Nabiullina said presenting a finalised 2007 economic development forecast at President Vladimir Putin’s meeting with new cabinet members.
Russia’s Ministry of Economic Development and Trade estimates the social and economic situation in the country as generally favourable, Minister Elvira Nabiullina said presenting a finalised 2007 economic development forecast at President Vladimir Putin’s meeting with new cabinet members.
Published: 02.10.2007 12:29
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Offshore Arctic Fields to Fetch Russia 5bn Tons of Conventional Oil
Russia’s Natural Resources Minister Yuri Trutnev said access to the underwater Lomonosov Ridge off Russia’s Arctic coast could fetch the country an additional 5bn metric tons of conventional oil.
Russia’s Natural Resources Minister Yuri Trutnev said access to the underwater Lomonosov Ridge off Russia’s Arctic coast could fetch the country an additional 5bn metric tons of conventional oil.
Published: 02.10.2007 12:27
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United Russia Supports Private-Public Partnership
The pro-Kremlin United Russia party advocates an expansion of the private-public partnership in Russia, according to its chairman, parliament speaker Boris Gryzlov.
The pro-Kremlin United Russia party advocates an expansion of the private-public partnership in Russia, according to its chairman, parliament speaker Boris Gryzlov.
Published: 02.10.2007 12:26
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Tenders to Be Held for Unique Deposits in Russia
Natural Resources Minister Yuri Trutnev has reaffirmed his belief that two to six unique mineral deposits in Russia should be distributed not through auctions, but at investment tenders with the binding condition that processing facilities be set up at them.
Natural Resources Minister Yuri Trutnev has reaffirmed his belief that two to six unique mineral deposits in Russia should be distributed not through auctions, but at investment tenders with the binding condition that processing facilities be set up at them.
Published: 02.10.2007 12:24
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Potanin, Prokhorov Agree on Joint Management of Assets
The shareholders of the KM Invest fund have signed an agreement amending the founding documents of the company and its subsidiaries to determine the procedure for managing assets jointly owned by Vladimir Potanin and Mikhail Prokhorov.
The shareholders of the KM Invest fund have signed an agreement amending the founding documents of the company and its subsidiaries to determine the procedure for managing assets jointly owned by Vladimir Potanin and Mikhail Prokhorov.
Published: 02.10.2007 12:21
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Russian Railways Expands Its Network and Capabilities
Russian Railways (RZD) has increased the carriage of Japanese goods by 50% since the start of this year, said the rail monopoly’s president, Vladimir Yakunin.
Russian Railways (RZD) has increased the carriage of Japanese goods by 50% since the start of this year, said the rail monopoly’s president, Vladimir Yakunin.
Published: 02.10.2007 12:19
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Seventh Continent Retail Chain to Open 15-16 Stores
Russia’s Seventh Continent retail chain plans to open 15 or 16 stores this year, said its chief financial officer, Alexander Rushak. The company intends to open three hypermarkets in Moscow, Chelyabinsk and Yaroslavl.
Russia’s Seventh Continent retail chain plans to open 15 or 16 stores this year, said its chief financial officer, Alexander Rushak. The company intends to open three hypermarkets in Moscow, Chelyabinsk and Yaroslavl.
Published: 02.10.2007 12:17
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Sibirtelecom’s Revenues Up 20%, to $68mn, in H107
Siberian telecommunication operator Sibirtelecom presented a consolidated unaudited report for the first half of 2007 calculated to International Financial Reporting Standards (IFRS).
Siberian telecommunication operator Sibirtelecom presented a consolidated unaudited report for the first half of 2007 calculated to International Financial Reporting Standards (IFRS).
Published: 02.10.2007 12:14
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Russian Stock Market Not ready to Set New Records
The Russian stock market is not sure it is ready to set a new historical record of 2100 points, especially since the experience of the past years shows that October is one of the most dangerous months for market speculators.
The Russian stock market is not sure it is ready to set a new historical record of 2100 points, especially since the experience of the past years shows that October is one of the most dangerous months for market speculators.
Published: 01.10.2007 17:17
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Falling Dollar Still Trusted in Russia
The US dollar ended the week on the Russian foreign exchange by falling to the lowest level in the past eight years. Its value in next-day transactions was RUR24.84, or nearly 7 kopecks less than the day before. The number of transactions reached 249 by the end of trading, with the total amount worth $264mn. The value of the dollar in next-day transactions on the UTS went down 7.85 kopecks, to RUR24.87.
The US dollar ended the week on the Russian foreign exchange by falling to the lowest level in the past eight years. Its value in next-day transactions was RUR24.84, or nearly 7 kopecks less than the day before. The number of transactions reached 249 by the end of trading, with the total amount worth $264mn. The value of the dollar in next-day transactions on the UTS went down 7.85 kopecks, to RUR24.87.
Published: 01.10.2007 17:16
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Russian Official Against Limiting State Companies’ Foreign Borrowings
Deputy Prime Minister Alexander Zhukov said he was against setting limits on the foreign borrowings of state-controlled Russian companies.
Deputy Prime Minister Alexander Zhukov said he was against setting limits on the foreign borrowings of state-controlled Russian companies.
Published: 01.10.2007 17:14
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Future of National Projects Depends on Continuity of Policy
The priority national projects can be implemented only if the new government carries on the previous authorities’ policy, according to First Deputy Prime Minister Dmitry Medvedev.
The priority national projects can be implemented only if the new government carries on the previous authorities’ policy, according to First Deputy Prime Minister Dmitry Medvedev.
Published: 01.10.2007 17:11
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Russia to Take Car Sales Lead in Europe by 2010
Russia will sell the largest number of cars in Europe by 2010, said Alexander Borisov, chairman of the consumer market committee at the Russian Chamber of Commerce and Industry.
Russia will sell the largest number of cars in Europe by 2010, said Alexander Borisov, chairman of the consumer market committee at the Russian Chamber of Commerce and Industry.
Published: 01.10.2007 17:09
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