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11.06.2009, 18:06 2 comments

Russian companies look to buy up globally

Gazprom says it’s received an offer to buy a stake in Slovenia's largest fuel retailer Petrol while the nation's economy minister refuses to sell it. Last month Russia’s Sberbank bought into Germany’s carmaker Opel.

11.06.2009, 16:15

Investment essential for oil reserve turnaround as producer point to tax

Russia won’t reduce oil production in the next three years acording to Deputy Prime Minister, Igor Sechin. But after 2012, output will depend on investment in exploration, which has dropped significantly.

11.06.2009, 13:38

Bank Saint-Petersburg posts 1Q 2009 Net Profit of 240 million Roubles

Bank Saint-Petersburg has posted 1Q 2009 Net Profit of 240 million Roubles under IFRS.

06.05.2009, 00:52 2 comments

Airline magnate offers to sell Blue Wings stake to Aeroflot for 1 euro

Aleksander Lebedev, is offering his majority stake in Germany’s Blue Wings airline to Aeroflot for just 1 euro, saying it would help the Russian carrier, in which he has a 30% stake, gain a European foothold.

10.06.2009, 17:57

VimpelCom high noon postponed for Telenor and Alfa

The appeal by Norwegian telecoms giant, Telenor, against a $1.7 billion fine has been postponed by a Siberian court until late September.

19.06.2009, 19:09

Carrefour opens up in Moscow for the longer term

Europe's top retailer - Carrefour - opened its first hypermarket in Moscow this week at a cost of €8 million. Despite the economic downturn the company plans to open two more shops this year.

23.06.2009, 10:52

Telenor slams ‘game’ of threatened VimpelCom stake sale

Norwegian telecom, Telenor, facing the possible sale of its stake in Russian mobile operator Vimpelcom by Russian bailiffs to pay a $1.7 billion fine, says the prospect is nothing more than ‘market manipulation.’

20.07.2009, 10:28

Investing in networking: DST CEO, Yuri Milner

Digital Sky Technologies has made headlines with its buy in to global networking phenomenon, Facebook. Business RT spoke with the CEO of DST, Yuri Milner, about the potential of networking in Russia and abroad.

09.09.2009, 23:25

Moscow’s Hotel National joins elite global chain

Starwood Hotels has announced the Hotel National will mark its debut in the Moscow market.

Illustration by Leo Kundas 06.10.2009, 11:34

Telenor and Alfa Group take the long road to a joint venture

One of Russia’s longest corporate battles came to an end on Monday, with Norway’s Telenor set to merge its stakes in Vimpelcom and Kyivstar with those of Alfa Group’s telecoms arm, Altimo.

Sliding global visitor numbers add to gloom for hotels

Published: 15 June, 2009, 10:08


The number of tourists and visitors to Moscow is down, reflecting hard times faced by the global economy. Annually, tourism brings about 7% of the city's income, and despite the downturn more rooms are needed.

 
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