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28.07.2009, 13:18

TNK-BP posts 1H 2009 Net Income of $2 billion

Russian oil producer TNK-BP has posted a 1H 2009 net income of $2 billion under U.S. GAAP.

28.07.2009, 11:09

New bankruptcy laws to focus on balance

Many Russian companies are facing financial difficulties, and are looking to restructure debts. Proposed changes to the country's bankruptcy law could mean further support for struggling businesses.

27.07.2009, 21:51

Budget deficit throws cloud over government outlays

This week will see the Russian government finalising the budget for the year ahead, with another budget deficit in store, as plans for longer term budgeting are put on hold.

03.05.2010, 09:08 4 comments

New players open menus on Russian fast food market

Russia's fast food market has shown huge growth over the past decade, with international and local players alike reaping in the benefits. Some local expats have come to the market looking to take a seat at the table.

01.07.2009, 22:57 2 comments

University leavers graduate to the unemployed queues

400,000 school and university students graduate this week. Many will go straight into the ranks of the unemployed. The head of the national jobs agency warned RT now is the worst time for young people to look for work.

16.02.2009, 10:24

Global players in Russian telecoms look to longer term

The current financial crisis has prompted speculation about the future of consolidation in Russia's mobile telecommunications market, with several local operators recently acquiring retail outlets and internet companies.

02.05.2009, 10:42 1 comment

Matrix model sees shared office costs as answer to crisis

Moscow offices are thinning out, with two-thirds of new business centres standing empty as firms economise. But the developers loss is an opportunity for one entrepreneur.

07.06.2010, 17:41 1 comment

X5 to cut prices in Perekrestok chain

X5 retail group will cut prices by an average of 20% on many goods in its Perekrestok supermarket chain in order to stem a drop in shoppers.

Image from novate.ru 12.10.2010, 17:15

Electonics retailers look to rebound from horror recession

The Russian electronics and mobile phone retail sector was hammered by the economic and crisis during 2008–2009, and is only now looking to recover growth.

02.03.2009, 17:05

Vimpelcom appoints new CEO

Russian telecoms provider Vimpelcom, has appointed former Telekom Austria Chief, Boris Nemsic, to replace outgoing CEO Alexander Izosimov.

Art fund to take its place on investment menu

Published: 29 July, 2009, 12:15


The first mutual fund offering investment in art may soon appear in Russia, but investors looking to diversify their portfolios won’t need to be art collectors.

 
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