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24.11.2009, 23:27

Privatisation to step into budget deficit as government looks to entice investor

Russia may sell up to $3.5 billion of state assets each year under its latest privatisation plan. Starting in 2010, airports, shipyards, freight shippers and an insurer will be sold to private investors.

24.11.2009, 22:08

Avtovaz overhaul set for Paris talks

The draft Avtovaz rescue plan will be discussed with Renault during Vladimir’s Putin’s end of week Paris visit after First Deputy Prime Minister Igor Shuvalov thrashed out key details with senior politicians.

24.11.2009, 19:59

Goliath of the skies takes wing again

Russian President, Dmitry Medvedev, has relaunched production of the world’s largest airplane - the An-124 - with key industry players saying it's heavy lifting capacity is demand.

31.12.2009, 10:45

Festive season dimmed as companies look for cheer

Many companies in Russia are not holding holiday parties at all for the second year running, and event specialists say those that are celebrating are scaling down.

10.04.2009, 19:49

Shine comes off sports sponsorship as economic downturn bites

The financial crisis has hit some of Russia's leading sport clubs as they lose sponsors. Teams are now looking for other financing opportunities.

04.05.2009, 10:47

Insurance sector braces for consolidation

Along with banking and the financial sector, Russia's insurance market has been hard hit by the downturn. Experts say they expect a massive consolidation in the sector.

13.05.2009, 16:09

VimpelCom posts FY 2008 Net Income of $524 million after 4Q $816 million hit

Russian mobile operator, VimpelCom, has posted a FY 2008 Net Income of $524 million under U.S. GAAP.

25.05.2009, 10:40

New downturn in more developed economy offers different opportunities

While Russia’s economy is contracting at the fastest pace in 15 years, the slowdown may actually provide a window of opportunity for both existing and new businesses.

02.06.2009, 09:52

Telecoms set for shakeup as minority interests cast wary eye

Russia will create one of the world's largest telecoms firms by bringing together the largest national operator with regional providers. But experts warn the deal will leave minority shareholders out in the cold.

28.08.2009, 19:30

Buyers wait as property developers totter

The slump in Moscow real estate prices has potential buyers waiting on the sidelines for a developer to be pushed to the brink. Market watchers say this is a serious possibility.

X5 Retail Group to buy Patterson Supermarket chain

Published: 25 November, 2009, 11:57


Russia’s largest retail group, X5, has agreed to rival retailer, Patterson supermarket chain, for about $275 million.

 
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