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breakingnews
03.02.2010, 13:00
Aeroflot is set to acquire Russia’s fragmented regional carriers that will be formed into one company around the St. Petersburg airline Rossiya, thus scrapping the government’s plans to set up a second big state airline.
02.02.2010, 15:35
On Monday, Russia and Venezuela signed a multimillion deal to develop the huge Junin 6 oil field in the South American nation's Orinoco River region – a territory twice as rich as other reserves, such as Saudi Arabia’s.
02.02.2010, 12:43
Interest from foreign companies in Russia's bad debt could lead to the formation of the first ever market for non-performing loans in the country, which is, however, unlikely to make for easy pickings.
25.02.2009, 13:37
London listed Russian oil producer, Sibir Energy, has suspended CEO Henry Cameron, in the latest fallout over the company’s dealing with major shareholder Chalva Tchigirinski.
06.03.2009, 12:55
South Africa’s Standard Bank will purchase a 33% stake in Russian investment bank, Troika Dialog.
06.03.2009, 16:07
Russia’s largest aluminium producer, Rusal, has signed a standstill agreement with international lenders relating to the restructuring of its debts, gaining at least 2 months for the debt burdened company.
20.02.2009, 17:58
4 comments
The stimulus package developed by the Russian government looks good on paper, but implemention is too slow, according to the Russian President, addressing the State Council assembly which took place in Eastern Siberia.
12.03.2010, 14:39
5 comments
Russia's budget deficit in January and February reached $6.6 billion, according to the Finance Ministry. The government hopes to limit the annual deficit to about 7% in 2010 and fill the gap between income and spending.
25.03.2010, 13:16
3 comments
Russia’s new Silicon Valley needs both support from Government and young scientists to become successful, say Russian and international analysts.
20.04.2010, 12:20
3 comments
Goldman Sachs is charged with fraud, for assembling and selling a financial product that it knew to be flawed. A product which, in fact, it intended to be flawed, so that it could bet against it.
Published: 03 February, 2010, 18:04
Edited: 08 February, 2010, 11:23
Dozens of Russian companies are lining up to raise more than $10 billion in IPOs this year, but the issuers should hurry up to go public, as the favorable conditions may soon end.
Interesting the article from Kingsmill Bond published on Feb 3 in Financial Times ("Russian have recovered with the oil price"): "...But greater oil price stability should encourage investors to look afresh at Russian markets as a high-growth, low-debt story, linked to the Asian boom... ....the rouble trades at two thirds of its purchasing power parity fair value, and the country runs a large current account surplus."