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15.06.2009, 20:17 2 comments

BRIC’s get down to business in Yekaterinburg

The group of developing nations known as the BRICs is continuing to build up their reserves with the International Monetary Fund - while denying they want a new currency to rival the dollar.

15.06.2009, 10:08

Sliding global visitor numbers add to gloom for hotels

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.

13.06.2009, 09:49 2 comments

Russia looks for joint entry to WTO with Belarus and Kazakhstan

A three-country block of Russia, Kazakhstan and Belarus will start the process of WTO accession next week in Geneva. The three CIS neighbours will form a customs area before seeking entry to the organization.

25.03.2010, 13:16 3 comments

Russian Silicon Valley needs global players

Russia’s new Silicon Valley needs both support from Government and young scientists to become successful, say Russian and international analysts.

26.10.2010, 17:37

Isbank buys Bank Sofia

Turkey’s Isbank has purchased minor Russian bank, Bank Sofia in a deal estimated at $40 million.

14.07.2010, 13:58

DST purchases set path to IPO

After completing its acquisition ICQ from America Online, Russian internet company Digital Sky Technologies has agreed to exchange shares with Naspers, increasing its stake in Mail.ru to 99%.

23.07.2010, 16:39

Russian film production takes aim at global 3D market

Russia’s largest independent film producer and distributor, Central Partnership, has attracted funding from the State Cinema Support Fund for shooting up to seven possible movies.

27.10.2010, 21:55 1 comment

Foreign companies eager to grab a bite of Russia’s privatization cake

A number of foreign companies might obtain significant shares in Russia's upcoming privatization of its most profitable companies.

01.06.2009, 22:02 6 comments

IMF predicts sharp contraction as private funds desert Russia

The international monetary fund has issued a new forecast for the Russian economy for this year. It's predicting a sharp contraction, but there's some good news amongst the grim statistics.

01.10.2010, 16:52 4 comments

Russia and US reach agreement on WTO accession

Russian Finance Minister, Aleksey Kudrin says that Russia and the United States have settled all outstanding issues relating to Russia’s bid to join the WTO.

State IFI’s to the rescue as private banks wilt

Published: 16 June, 2009, 09:19


International Financial Institutions are increasing their portfolios as commercial lenders scale down. IFI executives met in Greece at a regional economic forum to discuss new challenges.

 
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