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Tag Archive for Investment

Most Russians Support McDonald’s Closures, Poll Says

File Photo of Russian McDbnald's Crew with U.S. Diplomat

(Moscow Times – themoscowtimes.com – April 15, 2014) Liberal Democrat Party leader Vladimir Zhirinovsky’s call to close all McDonald’s restaurants in Russia received a lot of media attention, and a recent poll shows that most Russians would be glad to see the back of the fast food chain. Sixty-two percent of respondents support the closure

Burger King Expands Into Crimea After McDonald’s Exit

File Photo of Russian McDbnald's Crew with U.S. Diplomat

(Moscow Times – themoscowtimes.com – Peter Hobson – April 10, 2014) U.S. fast food giant Burger King plans to expand its chain into Crimea, filling the vacuum left when McDonald’s pulled out of the peninsula last Friday, citing unspecified supply issues. Burger King currently has no outlets in Crimea, which has been at the center

RIA Novosti: Capital Outflow from Russia Due to Ruble Rate, Not Crimea

File Photo of Cash, Coins, Line Graph

BERLIN, April 10 (RIA Novosti) – The outflow of capital from Russia is not tied to events in Ukraine, but to fluctuations in the exchange rate of the ruble, Russian First Deputy Prime Minister Igor Shuvalov said Thursday. “The outflow of capital is not mainly tied to Crimea, the outflow, of course, is connected with

Political instability affecting Russia’s investment climate

File Photo of Outdoor Electronic Sign with Russian Exchange Data

(Russia Beyond the Headlines – rbth.ru – Ben Aris, special to RBTH – April 8, 2014) Ben Aris is the editor-in-chief of Business New Europe. The incursion into the Crimea was as much a shock to Russia’s business leaders as it was to the politicians in Brussels and Washington and is bound to hurt both

No, Russia Isn’t Going Broke Any Time Soon

File Photo of Cash, Coins, Line Graph

(Bloomberg – bloomberg.com – Mark Gimein – April 3, 2014) Mark Gimein is Companies and Markets editor at Bloomberg.com, and lead writer for the Market Now blog and newsletter. Russia finally succeeded in selling government bonds this week, at a fat yield of 8.93 percent. This comes after four failed auctions since the Crimea occupation

RIA Novosti: US Advises Funds to Warn Investors About Russian Risk – Report

File Photo of Outdoor Electronic Sign with Russian Exchange Data

MOSCOW, March 20 (RIA Novosti) – US financial officials have contacted investment funds with Russian assets and advised them to inform clients about potential risk associated with the crisis in Ukraine, the Reuters news agency reported Thursday. The commission began counseling investment companies weeks ago, advising them to clearly communicate risks with investors and warning

Markets plunge over Ukrainian crisis

File Photo of Outdoor Electronic Sign with Russian Exchange Data

(Russia Beyond the Headlines – rbth.ru – Tatyana Lisina, special to RBTH – March 4, 2014) The tensions in Crimea have already had serious economic consequences for Russia. The country’s stock market fell dramatically on Monday and the ruble continued its slide. Many experts compare the current developments to the events of August 2008, when

Russia waiting for U.S. investors

File Photo of Outdoor Electronic Sign with Russian Exchange Data

(Russia Beyond the Headlines – rbth.ru – Igor Dunayevsky, special to RBTH – February 27, 2014) Russian Minister of Economic Development Alexey Ulyukayev on Russia’s plans to attract U.S. investors and boost mutual trade. Russian Minister of Economic Development Alexei Ulyukayev paid a visit to the Washington, DC on Feb. 24-26 to discuss possibilities for

NEWSLINK: Russia holds rate, warns of rises if inflation accelerates

File Photo of Cash, Coins, Line Graph

["Russia holds rate, warns of rises if inflation accelerates" - CentralBankNews.info -  February 14, 2014 - http://www.centralbanknews.info/2014/02/russia-holds-rate-warns-of-rises-if.html] CentralBankNews.info covers Russia’s Central Bank and its decision to maintain its key policy rate at 5.50 per cent.  The Central Bank cautions that it could raise rates if inflation exceeds the bank’s target, but asserts an expectation that

Russian web millionaires go West

Cash, Calculator, Pen

(Russia Beyond the Headlines – rbth.ru – February 11, 2014) International expansion is the new watchword for the Russian venture market’s movers and shakers. As the latest ranking of the country’s internet millionaires indicates, the winners are those who invest abroad. The magazine Sekret Firmy (meaning “company secret” in Russian) has conducted a study together

Large investors, alumni of Russian universities to enjoy easier naturalization – newspaper

File Photo of Man Placing Stack of Large Bills into Inside Pocket of Suitcoat

MOSCOW. Feb 12 (Interfax) – The Federal Migration Service and the Economic Development Ministry have drawn up a law, which facilitates naturalization of foreign citizens, Kommersant wrote on Wednesday. The simpler naturalization procedure will be primarily granted to businessmen who invest at least ten million rubles in Russia and foreign alumni of Russian colleges and

Kaluga – Russia’s regional pioneer

Map of Russia

(Business New Europe – bne.eu – Ben Aris in Moscow – February 11, 2014) Moscow is home to much of Russia’s wealth and has always been treated as a country and an investment destination in its own right. But over the last decade a handful of regions have got their act together and now are

Russian equities a case for cautious optimism

File Photo of Outdoor Electronic Sign with Russian Exchange Data

(Russia Beyond the Headlines – rbth.ru – Ben Aris, special to RBTH  – January 31, 2014) Russia’s benchmark RTS Index fell 6 percent in 2013 for one of the poorest performances on record. But analysts expect 2014 to be a better year for Russian stocks. Russian equity had one of its worst years on record

A Russia investor’s wish list for 2014

File Photo of Outdoor Electronic Sign with Russian Exchange Data

(Russia Beyond the Headlines – rbth.ru – Chris Weafer, special to RBTH – January 30, 2014) Lower rates and higher standards along with more transparency could attract more FDI this year. Chris Weafer is a senior partner at Macro Advisory, a Moscow-based research consultancy. Russia suffered a poor economic performance in 2013 and the government

Russia is No. 3 in Attracting Foreign Direct Investment

Cash, Calculator, Pen

(Moscow Times – themoscowtimes.com – January 30, 2014) Foreign direct investment in Russia rose by 83 percent last year to reach $94 billion, making the country the 3rd most successful in the world in attracting capital from abroad, according to a United Nations report. The U.S. led the rankings, pulling in $159 billion in 2013,

Sochi: New beginnings when the party is over

File Photo of Sochi Olympics Banner Near Highway in Warm Weather with Vehicle and Cyclicsts Nearby

(Russia Beyond the Headlines – rbth.ru – January 29, 2014) Alexander Yakovenko, Russian Ambassador to the United Kingdom, ponders how the Olympics will affect international diplomacy and tackles some of the misunderstandings surrounding the Games. In little more than a week, the Winter Olympic Games start in Sochi, but the prospects after this landmark event

Minister Plans Accelerated Privatization

File Photo Rosneft and Russian Flags Next to Rosneft Banner

(Moscow Times – themoscowtimes.com – January 29, 2014) Improvements in the stock market mean that the privatization of several large state corporations can be accelerated, and the sale of 19 percent of the country’s largest oil firm Rosneft can be fast-tracked to this year, Economic Development Minister Aleksei Ulyukayev said. Stakes in Rosneft, Aeroflot, shipyard

Savers Should Dump Rubles and Buy Hard Currency, Economist Says

File Photo of Cash, Coins, Line Graph

(Moscow Times – themoscowtimes.com – January 22, 2014) Russians should not keep their savings in rubles, as the currency is likely to depreciate, the head of the Banking Institute at the Higher School of Economics Vasily Solodkov said. “From now on, ruble exchange rate fluctuations against dollar and euro will be far more significant,” newspaper

Russian IPOs could take off in 2014

Empty Boardroom

(Business New Europe – bne.eu – Ben Aris in Moscow – January 20, 2014) With a little bit of luck, Russian IPOs could make a comeback in 2014, say bankers, after investors appetite was whetted last year. After almost five years of inactivity due to fears of a second wave of the crisis, 2013 saw

Interfax: Foreign direct investment in Russian companies jumps 80% to $78 bln in 2013

File Photo of Outdoor Electronic Sign with Russian Exchange Data

MOSCOW. Jan 17 (Interfax) – Foreign direct investment in Russia’s non-banking sector surged 80% to $78.4 billion in 2013 from $42.8 billion in 2012, balance of payments estimates published on the Central Bank of Russia’s website show. FDI totalled $14.9 billion in the fourth quarter, $13.4 billion in the third quarter, $14.3 billion in the

Exxon Russia Ambitions Show Oil Trumps Obama-Putin Spats: Energy

Polar Bear on Ice, Looking Back at Camera

(Bloomberg – bloomberg.com – Stephen Bierman – January 2, 2014) As Barack Obama and Vladimir Putin argue over human rights in Russia and the fate of fugitive U.S. intelligence analyst Edward Snowden, the countries’ biggest oil companies are preparing to drill for giant discoveries together in the Arctic Ocean. Exxon Mobil Corp. (XOM:US) and OAO

Interfax: Ombudsman: Khodorkovsky pardon unlikely to have much effect on Russian business

Boris Titov file photo

MOSCOW. Dec 23 (Interfax) – The Russian president’s commissioner for entrepreneurs’ rights has argued that President Vladimir Putin’s pardoning former oil tycoon Mikhail Khodorkovsky last week is unlikely to exercise any serious effect on business in Russia. “Of course, for Russian business it is not a big but a positive piece of news. However, this

RIA Novosti: Top Russian Companies Pledge to Reduce Offshore Dependency

Cash, Calculator, Pen

MOSCOW, December 19 (RIA Novosti) ­ Several top Russian companies have announced plans to reduce their use of offshore holding structures after President Vladimir Putin repeated calls for “deoffshorization” last week, according to a Russian newspaper report Thursday. Aluminum producer Rusal, telecoms giant MTS, truck maker Kamaz, state-owned hydroelectric conglomerate RusHydro and iron ore miner

Five Stories From Put-Upon Small Business in Moscow

Aerial View of Moscow From Beyond Stadium, file photo

(Moscow Times – themoscowtimes.com – Alexander Panin – December 18, 2013) Before Mayor Sergei Sobyanin came to power in 2010, Guram Bolkvadze, a businessman from Georgia, owned 24 kiosks at bus stops across Moscow. Then one day, he was given just a few hours to get his goods out of the shops before the bulldozers

Interfax: Foreign business more concerned about psychological, political aspects in Russia – official

Igor Shuvalov file photo

(Interfax – December 16, 2013) Major foreign business has been recently concerned mostly about the psychological and political aspects in Russia, not with the business climate itself, Russian First Deputy Prime Minister Igor Shuvalov said on Monday when speaking at the conference “100 Steps Towards Favorable Investment Climates. Achievements and New Challenges” organized by the

Interfax: Companies registered offshore will pay Russian taxes, receive no govt support – Putin

File Photo of Cash, Coins, Line Graph

MOSCOW. Dec 12 (Interfax) – Companies with Russian assets that are registered in foreign jurisdictions have to pay taxes according to Russian law, while at the same time will receiving no government support, state contracts, or VEB credits, Russian President Vladimir Putin has said. “As nothing [has been done about this] in this sphere [‘de-offshoring’

Investors fear recent bank closers

File Photo of Cash, Coins, Line Graph

(Russia Beyond the Headlines – rbth.ru – Marina Maksimova, special to RBTH – Deccember 5, 2013) The Russian Central Bank has revoked the license of several large banks as part of what it says is a fight against corruption and a shadow economy. Banking industry experts are worried that the Central Bank’s efforts to clean

The curious case of the Red Square suitcase

Kremlin and St. Basil's

(Moscow News – themoscownews.com – By Anna Arutunyan – December 4, 2013) The Louis Vuitton pavilion controversy highlighted lack of transparency in managing areas surrounding the Kremlin As workers dismantled a giant Louis Vuitton suitcase that went up suddenly on Red Square last week, just who authorized the project and who issued orders for it

Interfax: Capital outflow from Russian equity funds continues unabated – analysts

Cash, Calculator, Pen

MOSCOW. Nov 29 (Interfax) – The outflow of capital from funds focused on Russian equities continued for the fifth consecutive week and exceeded $130 million from November 21 through 27, about the same as a week earlier, Emerging Portfolio Fund Research (EPFR) reported. Exchange traded funds (ETF) focused on Russian equities lost $37 million from

Foreign investors to be subject to increased scrutiny

Empty Boardroom

(Russia Beyond the Headlines – rbth.ru – Elena Drobinina, special to RBTH – November 28, 2013) Proposed rules would require foreign investors in Russian companies considered “strategic” to disclose their shareholders, but experts say the legislation is unlikely to affect investment levels. Russia’s Federal Anti-monopoly Service (FAS) has proposed new legislation that will require foreign

Microsoft’s top ad man assesses Russia’s digital prospects

File Image of Stylized Eye Surrounded by Binary Code

(Moscow News – moscownews.com – Maria Stambler – November 28, 2013) Sharing, liking, posting, clicking, browsing – these actions are ubiquitous and have firmly cemented themselves into our existence with the rise of YouTube, Facebook and Twitter. New forms of communication emerge every day, and there is fairly little doubt that our lives are affected

Russian bonds: Short on risk, long on reward

Cash, Calculator, Pen

(Russia Beyond the Headlines – rbth.ru – Pavel Vasiliadi, special to RBTH – November 27, 2013) Economist Pavel Vasiliadi discusses the benefits of buying undervalued Russian bonds. Pavel Vasiliadi is director of the analytics and risk-management department at the UFS Investment Company. Russia has long been an active player on the international debt market ­

Russia Reverses Investment Decline, Minister Says

File Photo of Outdoor Electronic Sign with Russian Exchange Data

(Moscow Times – themoscowtimes.com – November 27, 2013) Seasonally adjusted investment in Russia increased 1.7 percent in October from September, reversing the decline of the previous months, Economic Development Minister Alexei Ulyukayev said in an interview published Wednesday. Ulyukayev also said that private investment had grown from January to October, compared to the same period

RIA Novosti: Case Closed: Kremlin Sends Louis Vuitton Packing Off Red Square

Kremlin and St. Basil's file photo

MOSCOW, November 27 (RIA Novosti) ­ A giant designer suitcase-shaped pavilion installed in the middle of Moscow’s Red Square is being dismantled, city authorities said Wednesday, following a wave of public outrage and numerous demands for its removal. The organizers of the Louis Vuitton-sponsored installation were preparing to take it down on Wednesday afternoon, the

Goldman Says Buy China, Russia Stocks on Valuation to Reform

File Photo of Cash, Coins, Line Graph

(Bloomberg – bloomberg.com – Maria Levitov – November 26, 2013) Goldman Sachs Group Inc. recommended buying Chinese (SHCOMP) and Russian stocks as a pick up in growth in developed countries and government reforms boost prospects for the “least-expensive” emerging markets. Goldman upgraded equities in the two countries to overweight, the equivalent of buy, from market

Interfax: Foreign direct investment in Russia soars 51.6% to $18.6 bln in 9M – Rosstat

File Photo of Cash, Coins, Line Graph

MOSCOW. Nov 22 (Interfax) – Foreign direct investment (FDI) in Russia grew 51.6% year-on-year in January-September 2013 to $18.61 billion, the Federal State Statistics Service (Rosstat) said. Overall foreign investment grew 15.7% year-on-year to $132.385 billion. FDI grew 4.6% in January-September last year. FDI in this year included $7.279 billion in equity investment, up 15.2%;

EVENT: Sixth Annual Conference on Doing Business with Russia [Wednesday, December 4 in Washington, D.C.; registration requested]

Empty Boardroom

Subject: 6th Annual Conference Doing Business with Russia From: eurasiamail@aol.com Date: Tue, 26 Nov 2013 6th Annual Conference Doing Business with Russia The Eurasia Center & The Eurasian Business Coalition December 4, 2013 At The Russian Trade Representation & The Embassy of the Russian Federation Washington, DC To Register please visit www.eurasiacenter.org  and see Agenda.

US asset management giant pulls $100M from Russia

Cash, Calculator, Pen

(RIA Novosti – November 22, 2013) US asset management giant BlackRock pulled more than $100 million from its Russian investments over a seven-day period beginning last week, the Prime news agency reported Friday. The amount is about a third of the investment that BlackRock, the world’s largest money manager, has in Russia, Prime said, citing

Russian governmental start-up strategy is likely to fail

Cash, Calculator, Pen

(Russia Beyond the Headlines – rbth.ru – Viktor Kuzmin, RBTH – November 19, 2013) The Russian government has established a foundation to support startups. Experts, however, are skeptical that such an idea will be successful Startup support is becoming a part of the Russian government’s small- and medium-business support policy. Notwithstanding planned 2014 budget expenditure

Browder Expects Broader Magnitsky List Sanctions for Russian Officials in U.S., Europe

Memorial Flowers and Photo of Sergei Magnitsky

(Moscow Times – themoscowtimes.com – November 20, 2013) The United States may publish the extended version of the “Magnitsky list” as early as next month, while Europe is expected to pass a  similar measure, Hermitage Capital investment fund president and bill supporter William Browder said. The Magnitsky Act, enacted by the U.S. Congress in December

TRANSCRIPT: [Putin at] Meeting of the Agency for Strategic Initiatives Supervisory Board

File Photo of Vladimir Putin at Valdai Club 2013 Meeting, Adapted from Screenshot of Valdai Club Video at youtube.com

(Kremlin.ru – Novo-Ogaryovo, Moscow Region – November 14, 2013) Vladimir Putin chaired a meeting of the Agency for Strategic Initiatives (ASI) Supervisory Board. Meeting participants discussed the creation of a good investment climate and the evaluation of new ASI-supported projects. PRESIDENT OF RUSSIA VLADIMIR PUTIN: Good afternoon, colleagues, Today we are holding our final meeting

Lavrov: Russia, U.S. need more trade, mutual investment

File Photo of John Kerry and Sergei Lavrov at Separte Podiums, Kerry with a Visible Earpiece; Adapted from Photo at state.gov

MOSCOW. Nov 13 (Interfax) – Russian Foreign Minister Sergei Lavrov has called for boosting trade between Russia and the United States and for more extensive mutual investment. “Russia and the United States possess all the necessary resources for more extensive collaboration in countering modern threats and challenges and in trying to settle regional crises and

Lawmakers From 21 Countries Form Magnitsky Group

Memorial Flowers and Photo of Sergei Magnitsky

(Moscow Times – themoscowtimes.com – November 13, 2013) Lawmakers from 21 countries have formed a commission to promote sanctions against Russian officials implicated in the prison death of whistle-blowing lawyer Sergei Magnitsky in 2009. The Justice for Sergei Magnitsky commission, which was holding its inaugural meeting at the European Parliament in Brussels on Wednesday, includes

Russian Tech Sector Reliant on U.S. Investors and Expertise

Cash, Calculator, Pen

(Moscow Times – themoscowtimes.com – Guennadi Moukine – November 11, 2013) The only route to success for Russian technology firms is to launch an operation and find investors in U.S., an investment forum heard. The venture capital market in the U.S. is mature, and investors have experience that Russia, whose investment institutions are relatively young,

Moscow Times: Forum Shows Russian Ingredients of Innovation Recipe

Map of Western CIS/FSU and European Environs

(Moscow Times – themoscowtimes.com – Guennadi Moukine – November 1, 2013) Good infrastructure, a secure environment and exponentially increasing computer power guarantee the growth of innovative solutions to global problems, political and technology leaders told attendees of the International Forum for Innovative Development in Moscow on Thursday. Russia has the intellectual capital, education and state

TRANSCRIPT: [Medvedev at] 2nd Moscow International Forum, Open Innovations

Map of Western CIS/FSU and European Environs

(Government.ru – October 31, 2013) Dmitry Medvedev’s address to the plenary meeting: Addressing the plenary meeting of the 2nd Moscow International Forum, Open Innovations Ladies and gentlemen, colleagues, Mr Katainen (Prime Minister Jyrki Katainen of Finland), Mr Ayrault (Prime Minister Jean-Marc Ayrault of France), the first thing I heard was: What can governments do to

Interfax: “Medvedev: progress made in intellectual property protection in Russia”

Dmitry Medvedev file photo

MOSCOW. Oct 31 (Interfax) – Russia has made progress in the protection of intellectual property, Prime Minister Dmitry Medvedev told the audience at the “Open Innovations” Forum in Moscow on Thursday. “There is one more theme, which, unfortunately, has been very complicated in Russia for a long period. I mean intellectual property. Nevertheless, I think

Doing Business in Russia now easier than in China, says World Bank

Eurasia Map

(Russia Beyond the Headlines – rbth.ru – Artem Zagorodnov, RBTH    - October 31, 2013) Russia moves ahead of its fellow BRIC countries in the World Bank’s latest Ease of Doing Business ranking, as the country fights to attract international investment. Russia jumped 20 places in the World Bank’s Ease of Doing Business survey to

Putin’s $48 Billion Olympic Legacy Faces 100-Day Sprint to Open

File Photo of Sochi Olympics Banner Near Highway in Warm Weather with Vehicle and Cyclicsts Nearby

(Bloomberg – bloomberg.com – October 29, 2013 – Jake Rudnitsky) One hundred days before the start of the most expensive Winter Olympics, President Vladimir Putin’s $48 billion vision of a newly empowered Russia rests in the hands and shovels of laborers working around the clock. Construction continues on the main stadium, hotels and athlete housing

Interfax: Head of AmCham in Russia praises Moscow investment climate

File Photo of Outdoor Electronic Sign with Russian Exchange Data

NEW YORK. Oct 28 (Interfax) – The head of the American Chamber of Commerce (AmCham) in Russia, Andrew Somers, has praised the investment climate in Moscow and claimed that the environment for doing business in the city has improved significantly over the last few years. Somers, who was speaking on Monday at a forum in

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