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Boguchan hydro-electric station 22.05.2009, 19:27

Boguchan project facing delays as RusHydro gets Rusal exit prompt

Russia’s largest electricity generator, RusHydro says it may have to look for a new partner to replace Rusal in the construction of the huge $3.6 billion-dollar Boguchan project.

22.05.2009, 18:42

RusHydro posts FY 2008 Net Loss of 19.48 billion Roubles

Russian largest power-generating company RusHydro has posted a FY 2008 Net Loss of 19.48 billion Roubles under IFRS.

22.05.2009, 16:31

MTS posts 1Q 2009 Net Loss of $57.7 million

Russia’s largest mobile communications operator, Mobile TeleSystems, or MTS, has posted a 1Q 2009 Net Loss of $57.7 million under U.S. GAAP.

31.12.2009, 10:45

Festive season dimmed as companies look for cheer

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.

10.04.2009, 19:49

Shine comes off sports sponsorship as economic downturn bites

The financial crisis has hit some of Russia's leading sport clubs as they lose sponsors. Teams are now looking for other financing opportunities.

04.05.2009, 10:47

Insurance sector braces for consolidation

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.

13.05.2009, 16:09

VimpelCom posts FY 2008 Net Income of $524 million after 4Q $816 million hit

Russian mobile operator, VimpelCom, has posted a FY 2008 Net Income of $524 million under U.S. GAAP.

02.06.2009, 09:52

Telecoms set for shakeup as minority interests cast wary eye

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.

28.08.2009, 19:30

Buyers wait as property developers totter

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.

25.11.2009, 11:57

X5 Retail Group to buy Patterson Supermarket chain

Russia’s largest retail group, X5, has agreed to rival retailer, Patterson supermarket chain, for about $275 million.

New downturn in more developed economy offers different opportunities

Published: 25 May, 2009, 10:40


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.

 
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