Will Russia be Starbucks’ saviour?: comments

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After the central Bank’s 11th consecutive refinancing rate cut which way is Russia’s economy headed?

Russia leads Europe in car sales Drivers around the world are feeling the pinch as the cost of petrol continues to rise. Despite this, Russia's auto market is going from strength to strength and is now Europe's largest, having overtaken Germany in...

Financial pyramids make comeback in Russia The 1990s in Russia was a time of financial uncertainty. The Soviet Union had collapsed and people had no confidence in banks or roubles. With high inflation, saving money for the future was not an option. Little...

New limits on Russian companies listing abroad Russian regulators have introduced new limits on companies listing abroad.

Getting the good oil With oil prices at a record high, Russia’s oil giants have to keep on investing to find new fields – and get every last drop out of existing ones. RT traveled to the far northern Komi republic to talk to one...

Russia can be regional financial center. The Head of Federal Financial Markets Service Vladimir Milovidov says Russia meets all the requirements to become a regional financial center.

Russian banking weathers the global storm As banks around the world continue to experience losses in a time of financial turmoil, the under developed state of the Russian financial sector means it's been largely unaffected by the crisis.

Gazprom to snap up all Libya’s oil and gas Energy-rich Libya has approved an offer by Russia's gas monopoly, Gazprom, to buy all its hydrocarbon exports.

Russia's car market becomes Europe's biggest Russia overtook Germany to become Europe’s top car market in the first half of this year according to a report by PricewaterhouseCoopers.

Rusal hits out at Norilsk Nickel board Aluminium giant Rusal has hit out at the result of Norilsk Nickel's shareholders meeting, where Vladimir Potanin was elected board chairman. The appointment gives Potanin more power to resist Rusal's takeover ambitions,...

Russian authorities launch new probe into TNK-BP Financial Times reports Russian labour and tax authorities commence new probe into TNK-BP

Medvedev calls for the rouble to become reserve currency Russian President Dmitry Medvedev says the rouble should become a reserve currency. But inflation and dependency on other world currencies is holding this ambition back.

Medvedev calls for grain summit At the G8 meeting in Japan, Russia's president Dmitry Medvedev has called for a grain summit, in response to soaring world food prices. He said leaders have agreed to create special funds to provide aid to States...

Vimpelcom sets sights on Vietnamese mobile market Russia's second largest mobile phone operator Vimpelcom is to invest almost 270 million dollars in a joint venture with Vietnam's Global telecommunications Corporation.

Rusal wants changes on Norilsk Nickel board Oleg Deripaska's aluminium maker – Rusal – wants to replace Norilsk Nickel's newly-elected board of directors and its chairman – Vladimir Potanin.

Sukhoi shows off its new super agile fighter Sukhoi, one of Russia's most famous names in aviation, has shown off its latest fighter jet, the super agile Su-35. The firm expects large orders from its traditional Asian clients like Malaysia and China, and hopes to...

Severstal outlays $US 140 million for WCI Steel Severstal snaps up WCI Steel to expand further into North America.

Robert Dudley survives as CEO of TNK-BP Robert Dudley, CEO of Anglo-Russian oil giant TNK-BP, has survived a vote on whether to extend his contract. Victor Vekselberg, a member of the TNK-BP board representing Russian shareholders, had called for the...

Gazprom CEO forecasts doubling of Central Asian gas price Alexei Miller forecasts that Gazprom will be paying double for gas puchased in Central Asia, and that European customers could be paying more than $US 500 per thousand cubic metres by the end of 2008.

Potanin elected Norilsk Nickel chair Vladimir Potanin has been elected Chairman of the Board of leading nickel and palladium producer Norilsk Nickel.

TNK-BP infighting leads to legal action in London Global oil major BP has announced it is suing its Russian partners in TNK-BP for $US 365 million in compensation for money paid out in back tax claims in Russia, which it says should not have been paid.

Top managers in Russia earning top money With Russia's economy soaring there’s growing demand for qualified top executives in Russia. So top managers are asking for higher wages and are having no problem getting them.

Revolution on Russian gas market A new law is set to give “non-discriminatory access” to Gazprom's pipelines. The EU and World Trade Organisation have been lobbying hard for the move – but energy producer Lukoil warns the reform actually jeopardises Eur

Will we eat less? The problem of rising food prices is expected to be one of the key points at the upcoming G8 summit in Japan. In Russia, prices have been growing around three times faster than in the EU and are likely to increase still...

Russian largest carmaker expands into car parts Russia’s major automaker Avtovaz is expanding further, into the car parts industry. Its car-making division, together with Russian Technologies Corporation and investment bank Troika Dialog, plan to create an auto parts...

Gas in Europe will hit $US 500 in 2008, says Gazprom chief Gas prices to Europe could reach $US 500 per thousand cubic metres by the end of this year, up from the current $US 410, according to Gazprom's chief. Aleksey Miller says it could go even higher if oil prices continue...

Russia’s largest bank eyes expansion Russia's largest bank, Sberbank, has decided to establish a subsidiary for developing its investment business. The branch is part of the bank's five-year expansion plan.

Russian bureaucrats' take $US 125 billion a year Ruling party United Russia has held a special congress in Moscow to promise business leaders that it will stop interfering in their work. It follows President Medvedev's criticism of bureaucrats' influence on the...

MySpace & MTS create exclusive wap-portal American social network Myspace and the biggest Russian mobile operator MTS have announced a partnership. Under the agreement Myspace will create an exclusive wap-portal for subscribers of MTS.

Russia’s Power Machines sparks to life in Iraq Russia’s leading power engineering firm has resumed equipment supplies to a huge Iraqi hydroelectric project after finance was approved by the country’s Energy Ministry. Power Machines Company is now free to supply the...

Ferrari plans Russian rollout On the heels of other world automakers, Ferrari has decided to expand into the Russian market and set up its own subsidiary importer in the next 15 months.

Will Russia be Starbucks’ saviour?: comments

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