Insurance sector braces for consolidation
Published: 04 May, 2009, 10:47
Along with banking and the financial sector, Russia's insurance market has been hard hit by the downturn. Experts say they expect a massive consolidation in the sector.
breakingnews
Russia is trying to make ‘Investing in People’ more than just a slogan, with human capital at the heart of the revised 2009 budget.
The Russian pharmaceutical market has continued to post strong growth figures in Rouble terms, despite the economic downturn, as the sector responds to the crisis with new approaches.
02.05.2009, 10:42
1 comment
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.
Many companies in Russia are not holding holiday parties at all for the second year running, and event specialists say those that are celebrating are scaling down.
The financial crisis has hit some of Russia's leading sport clubs as they lose sponsors. Teams are now looking for other financing opportunities.
Russian mobile operator, VimpelCom, has posted a FY 2008 Net Income of $524 million under U.S. GAAP.
While Russia’s economy is contracting at the fastest pace in 15 years, the slowdown may actually provide a window of opportunity for both existing and new businesses.
Russia will create one of the world's largest telecoms firms by bringing together the largest national operator with regional providers. But experts warn the deal will leave minority shareholders out in the cold.
The slump in Moscow real estate prices has potential buyers waiting on the sidelines for a developer to be pushed to the brink. Market watchers say this is a serious possibility.
Russia’s largest retail group, X5, has agreed to rival retailer, Patterson supermarket chain, for about $275 million.
Published: 04 May, 2009, 10:47
Along with banking and the financial sector, Russia's insurance market has been hard hit by the downturn. Experts say they expect a massive consolidation in the sector.