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05.10.2009, 17:42

Cherkizovo Group posts 1H 2009 Net Profit of 1.66 billion Roubles

Russia meat producer, Cherkizovo, has posted a 1H 2009 Net Profit of 1.66 billion Roubles under US GAAP.

05.10.2009, 06:50

More synthetic fibres to boost Russian textiles

Russia will soon start using oil as raw material, which will later be converted into synthetic fibre for its textile industry. The first contract was signed at the Fourth Textile Industry Forum in Ivanovo.

02.10.2009, 18:53

Financial Markets Service pushes market reforms and financial education

The RTS stock exchange is to expand its working hours until midnight, possibly starting later this month. The Head of the Federal Service for Financial Markets Vladimir Milovidov spoke exclusively to RT Business.

22.10.2010, 12:46 1 comment

Norilsk Nickel board unchanged as Rusal continues to push

Norilsk Nickel shareholders voted against a Rusal led proposal to change the board of directors, at an extraordinary general meeting in Moscow.

30.01.2009, 20:22 2 comments

Dollar is doomed: a conspiracy theory

While the world economy collapses the American dollar continues to strengthen its position in the world, to little wonder – it’s getting back to its basics as the backup currency on every continent except Antarctica.

Image from http:/media.wildorchid.ru 09.03.2009, 11:33 1 comment

Downturn takes the lustre off expensive lingerie for Russian women

Russian luxury retailers – including those who sell designer lingerie – were planning to buck the economic downturn. But, they are finding they’re not immune.

15.07.2010, 13:07 1 comment

Sberbank tightens grip on quality borrowers

Sberbank will introduce individual interest rates for retail borrowers depending on financial data including credit history and wealth, which, experts say, will bring tighten its grip on lending.

29.09.2010, 16:20 1 comment

Financial literacy the focus of new education project

Russia is looking to boost financial literacy levels, with the New Economic School and the Citi Foundation starting joint development of a unique multimedia project on personal finance management.

RIA Novosti / Ruslan Krivobok 27.10.2010, 15:10

Central bank moves to extend deposit insurance moratorium

Russia’s Central Bank is extending the moratorium on excluding the banks from the Deposit Insurance System until July 1, 2011, with analysts saying a deeper change in financial criteria is necessary.

01.09.2010, 16:42

Russian state won’t step into Norisk Nickel row

Russia’s government will remain neutral in the Norilsk Nickel dispute, with the company itself expressing doubts about Rusal’s credibility.

Warring VimpelCom shareholders pull the olive branch from their scabbards

Published: 05 October, 2009, 19:03


Major shareholders in Russia’s number 2 mobile operator, VimpelCom, Norway’s Telenor and Russia’s Alfa Group, have ended a corporate feud which has haunted the Russian investment climate for much of this decade.

 
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