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01.10.2009, 14:52

Kamaz Daimler truck joint venture steps closer

Russian truck producer Kamaz, and German counterpart, Daimler, have moved a step closer to a joint venture to produce, sell and service Mercedes-Benz trucks in Russia, with the signing of a letter of intent.

30.09.2009, 20:37

Rising debts driving increased state involvement in economy

Business leaders have poured cold water on claims that the crisis is ending, as key bankers say non performing loans are still a major problem and are the heart of increased state involvement in the economy.

Main office (Image from telenor.com) 30.09.2009, 17:53

$1.7 billion Telenor appeal on VimpelCom stake adjourned until 2010

An appeal by major Vimplecom shareholder, Telenor, against $1.7 billion in damages it had been ordered to pay the Russian mobile operator has been adjourned until 2010.

23.11.2009, 14:21

Kalina posts 9M 2009 Net Income of $13 million

Russia’s largest cosmetics and perfumery producer, Kalina, has posted a 9M 2009 Net Income of $13 million under IFRS.

15.05.2009, 13:06

Severstal posts 1Q 2009 Net Loss of $643.9 million

Russian steelmaker, Severstal, has posted a 1Q 2009 Net Loss attributable to shareholders of $643.9 million under IFRS.

02.07.2009, 12:49

Avtovaz posts FY 2008 Net Loss of 24.7 billion Roubles

Russian automobile maker, Avtovaz, has posted a FY 2008 Net Loss of 24.7 billion Roubles under IFRS.

07.09.2009, 16:27

Megafon posts 1H 2009 Net profit of 20.1 billion Roubles

Russian cellular provider, Megafon, has posted a 1H 2009 Net Profit of 20.1 billion Roubles under U. S. GAAP.

image from www.sibirtelecom.ru 30.08.2010, 15:13

Sibirtelecom posts 1H 2010 Net Profit of 2.4 billion roubles

Sibirtelecom, the fixed line provider in Russia’s Siberia, has posted a 1H 2010 Net Profit of 2.4 billion roubles under IFRS.

Detroit 18.06.2010, 09:51 2 comments

Hope of recovery for former US auto powerhouse?

Detroit used to be one of America's premier auto manufacturers, but with the demise of its carmakers, Detroit’s residents are facing rising unemployment and crime in a city which has become a shell of its former self.

RIA Novosti / Ruslan krivobok, STF 16.04.2010, 14:59

Mosenergo posts FY 2009 net profit of 1.66 billion roubles

Moscow region power generator, Mosenergo, has posted a FY 2009 net profit 1.66 billion roubles under IFRS.

Unimilk posts 1H 2009 Net Profit of 19 million Roubles

Published: 01 October, 2009, 16:25


Leading russian dairy producer, Unimilk, has posted a 1H 2009 Net Profit of 19 million Roubles under IFRS.

 
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