This year could see about 35 Russian companies raising money through IPOs, however the plan could be complicated by the strict Russian market regulations.
more news »
The government will launch a billion dollar program to support the mortgage market with part of the country’s pension fund, provided banks provide mortgages at no more than 11%.
more news »
British Minister of State for Europe Christopher Bryant has given an interview with Interfax in which he discussed EU-Russian and British-Russian visa arrangements, criticized Russia’s new military doctrine, and pledged not to stand in Ukraine’s way to the European Union.
more news »
Russia is not just oil, gas or timber but 142 million buoyant buyers. Who will have the right of first access to this vast customer base? That is the question. And it is a question of big money and big politics.
Though well aware of their huge natural resources, Russians have so far been oblivious of their main treasure, themselves. Quite unlike neighbouring China, for example, which has never forgotten the true value of its consumers. The Chinese government used to prohibit foreign investments in retail and only gave up this restriction recently as part of its entrance fee for the WTO membership.
more news »
The liberalisation of the gas market has failed to achieve the much hoped-for diversification of sources and to ensure the security of supply. Alternative pipelines, such as Nord Stream and Nabucco (if completed successfully), will contribute to provide durable solutions but before they become operational, precautionary steps need to be adopted to prevent a repeat of crises such as the January 2009 crisis, argues the European Economic and Social Committee (EESC) in its opinion on the issue adopted on 20 January.
more news »
Both VTB and Sberbank are ready to start lending to developers this year, particularly those constructing residential housing, and VTB alone is planning to offer builders as much as $1.2 billion in 2010.
State-run VTB Group is planning to loan between 20 billion rubles and 35 billion rubles ($662 million to $1.16 billion) to developers this year and is already in talks on a $400 million deal, senior vice president Pavel Kosov said last week, Prime-Tass reported.
more news »
Retail sales rose for the first time in a year in January as slowing inflation and higher wages boosted household spending, the State Statistics Service said.
more news »
Bucharest has given Russian gas monopoly Gazprom all the documentation relevant for building the South Stream pipeline through Romanian territory, it was announced yesterday (18 February).
more news »
The deficit of Russia’s federal budget could increase to 7.2% of the country’s gross domestic product (GDP) in 2010 from 6.8% projected earlier.
more news »
The next wave of the Russian ruble’s depreciation is projected for 2014–2015, Deputy Economic Development Minister Andrei Klepach said Friday at a conference in the Altai Region resort town of Belokurikha, ITAR-TASS reported.
more news »
MOSCOW: Russian President Dmitry Medvedev on Thursday urged private businesses to help the government modernize the country in return for government aid distributed during the economic crisis, ITAR-TASS reported.
more news »
MOSCOW: Russian President Dmitry Medvedev has instructed the government to take measures aimed at improving Russia's investment climate, the president's press service said Thursday.
more news »
The meeting of G7 finance ministers and central banks chiefs opened the Canadian Arctic town of Iqaluit on February 5. Russia was not invited for the meeting, Russia’s deputy finance minister Dmitry Pankin said. Therefore, the meeting will be held in the format of the 1990s, i.e. the Group of Seven. Official spokespeople for Russia’s Foreign Ministry said that such a decision was erroneous.
more news »
