Tag: Investment

RIA Novosti: Nestle, Mars Could Buy Poroshenko’s Candy Company for $1.5 Bln

Ukraine, Russo-Ukrainian War
Ukraine Map and Flag

MOSCOW, May 28 (RIA Novosti) – Food giants Mars and Nestle have been tipped as favorites to buy Ukraine’s leading chocolate firm Roshen, currently owned by likely president-elect Petro Poroshenko, for as much as $1.5 billion. The candy-maker-turned-politician earlier vowed to sell his biggest asset if elected president, and summoned investment advisors and bankers to assess a best price. Poroshenko’s […]

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Putin is risking the engine of Russia’s economy

Economy, Business, Investment, Trade, Ukraine, Russo-Ukrainian War
File Photo of Cash, Coins, Line Graph

(Business New Europe – bne.eu – COMMENT: Lord Peter Mandelson of Global Counsel – May 27, 2014) Peter Mandelson was European Trade Commissioner between 2004 and 2008. He is now Chairman of Global Counsel Despite Russia’s recent underperformance, the size and potential of its economy has made it an attractive prospect for global companies. From German manufacturers to French and […]

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Welcome to a multipolar world

China, Economy, Business, Investment, Trade, Europe, EU, NATO, United States, U.S.-Russian Relations
World Map Showing Continents, Greens, Browns, Ice

(Business New Europe, MOSCOW BLOG – bne.eu – Ben Aris in Moscow – May 19, 2014) The shouting match between west and east continues, but the Russian stock market was surging on May 19, a day before Russian President Vladimir Putin was due to arrive in China, where he is expected to sign a string of massive investment deals. Some […]

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Russia is Worst Place for Foreign Investment, Poll Says

Economy, Business, Investment, Trade
File Photo of Cash, Coins, Line Graph

(Moscow Times – themoscowtimes.com – May 14, 2014) Russia has been cited as worst place to invest among the biggest world economies in light of the conflict in Ukraine, according to foreign investors polled by Bloomberg in their quarterly Global Market Investor’s Poll. Nearly 56 percent of respondents said that Russia was a poor place to invest. This is the […]

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BNE: Ukraine investors scatter as civil war approaches

Economy, Business, Investment, Trade, Ukraine, Russo-Ukrainian War
Ukraine Map and Flag

(Business New Europe – bne.eu – Ben Aris in Moscow – May 7, 2014) Nathan Rothschild once famously said, “buy on the sound of canons, sell on the sound of trumpets.” However, the few investors that were still looking at Ukraine are fading away as the cycle of violence escalates and the body count rises. War is close and the […]

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Russia Recession Risk Seen Rising on Sanctions

Economy, Business, Investment, Trade, Ukraine, Russo-Ukrainian War
File Photo of Cash, Coins, Line Graph

(Bloomberg – bloomberg.com – Anna Andrianova and Andre Tartar – April 29, 2014) Russia faces a fifty-fifty chance of recession, the highest since Bloomberg started to track the measure, as the crisis in Ukraine raises the risk of further sanctions, according to a survey of economists. The probability of a recession over the next 12 months rose to 50 percent, […]

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Exxon’s $900 Billion Arctic Prize at Risk After Ukraine

Arctic, Oil, Gas, Energy, Ukraine, Russo-Ukrainian War, United States, U.S.-Russian Relations
Arctic Satellite Image and Map

(Bloomberg – bloomberg.com – Stephen Bierman – April 29, 2014) Exxon Mobil (XOM) Corp.’s dream of drilling in the Russian Arctic may risk running aground on the politics of Ukraine. The company plans to start drilling in August in the Arctic’s remote Kara Sea — the centerpiece of Exxon’s global alliance with Russian state-controlled OAO Rosneft. (ROSN) The partnership, which […]

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Yandex reacts to Putin comments about foreign influence as share price falls

Economy, Business, Investment, Trade, Foreign Policy, Security, Visas, Media, Internet, Social Media, Television, Politics, Government, Protests, Elections
File Image of Stylized Eye Surrounded by Binary Code

(Russia Beyond the Headlines – rbth.ru – Vsevolod Pulya, RBTH – April 28, 2014) The Russian search engine was actually registered in the Netherlands and received its first investments from foreign investors. Nevertheless, it believes that this is “common practice for any internet startup.” Russian search engine Yandex has responded to comments by Russian President Vladimir Putin about foreign influences […]

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Big Foreign Business Turns Blind Eye to Ukraine Sanctions

Economy, Business, Investment, Trade, Europe, EU, Ukraine, Russo-Ukrainian War, United States, U.S.-Russian Relations
Truck at Russian Border Crossing

(Moscow Times – themoscowtimes.com – Peter Hobson – ALABUGA, Tatarstan, April 28, 2014) As Western politicians huffed and puffed about slapping additional sanctions on Russia, captains of big global business in the country showed no jitters as they met with top Russian officials Friday. Moreover, the only person to mention Russia’s clash with the West over Ukraine at a meeting […]

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Interfax: Foreign investors not put off by Western sanctions – Russian deputy PM

Politics, Government, Protests, Elections
Igor Shuvalov file photo

(Interfax – Vladivostok, April 26, 2014) Many foreign investors that have long been working in Russia are not planning to leave the country and intend to make new investments in the Russian Federation despite Western sanctions, First Deputy Prime Minister Igor Shuvalov has said. “These are investors who have been working in Russia for many years and usually describe how […]

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Most Russians Support McDonald’s Closures, Poll Says

Politics, Government, Protests, Elections
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 of all McDonald’s in Russia, […]

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Burger King Expands Into Crimea After McDonald’s Exit

Economy, Business, Investment, Trade
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 of tensions between Russia and […]

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

Economy, Business, Investment, Trade
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 the events that happened in […]

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Political instability affecting Russia’s investment climate

Economy, Business, Investment, Trade, Ukraine, Russo-Ukrainian War
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 domestic and foreign investment this […]

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No, Russia Isn’t Going Broke Any Time Soon

Economy, Business, Investment, Trade
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 started. Last week, the government […]

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

Economy, Business, Investment, Trade, Ukraine, Russo-Ukrainian War, United States, U.S.-Russian Relations
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 them to have a clear […]

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Markets plunge over Ukrainian crisis

Economy, Business, Investment, Trade, Ukraine, Russo-Ukrainian War
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 began a military operation […]

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Russia waiting for U.S. investors

Economy, Business, Investment, Trade, United States, U.S.-Russian Relations
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 increased bilateral trade and investment […]

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

Economy, Business, Investment, Trade
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 inflation will be held in […]

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Russian web millionaires go West

Economy, Business, Investment, Trade, Russia & the West, Science, Technology, Engineering
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 with the BrandSpotter agency to […]

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

Economy, Business, Investment, Trade, Education, Academia, Foreign Policy, Security, Visas
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 universities who work in Russia […]

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Kaluga – Russia’s regional pioneer

Economy, Business, Investment, Trade, Regions, Cities, Municipalities
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 emerging as even more attractive […]

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Russian equities a case for cautious optimism

Economy, Business, Investment, Trade
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 in 2013, especially compared to […]

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A Russia investor’s wish list for 2014

Economy, Business, Investment, Trade
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 is desperate to avoid a […]

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Russia is No. 3 in Attracting Foreign Direct Investment

Economy, Business, Investment, Trade
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, while China attracted $127 billion, […]

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Sochi: New beginnings when the party is over

Economy, Business, Investment, Trade, Sports, Olympics, World Cup
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 are visible now. I am […]

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Minister Plans Accelerated Privatization

Politics, Government, Protests, Elections
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 Sovcomflot, Novorossiysk Commercial Sea Port, […]

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Savers Should Dump Rubles and Buy Hard Currency, Economist Says

Economy, Business, Investment, Trade
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 Argumenty i Fakty quoted Solodkov […]

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Russian IPOs could take off in 2014

Economy, Business, Investment, Trade
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 several successful Russian IPOs get […]

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

Economy, Business, Investment, Trade
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 second quarter and $35.8 billion […]

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

Oil, Gas, 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 Rosneft (ROSN) are set to […]

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

Economy, Business, Investment, Trade, YUKOS, Khodorkovsky
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 won’t radically affect the overall […]

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RIA Novosti: Top Russian Companies Pledge to Reduce Offshore Dependency

Economy, Business, Investment, Trade
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 Metalloinvest have all made commitments […]

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Five Stories From Put-Upon Small Business in Moscow

Economy, Business, Investment, Trade
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 came in and leveled 18 […]

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

Economy, Business, Investment, Trade
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 Vedomosti newspaper. “I have recently […]

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

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
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’ the economy] this year, I […]

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Investors fear recent bank closers

Economy, Business, Investment, Trade
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 up Russia’s shadow economy could […]

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The curious case of the Red Square suitcase

Economy, Business, Investment, Trade, Life in Russia, Culture, Arts
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 to be taken down remained […]

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

Economy, Business, Investment, Trade
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 November 21 to November 27, […]

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Foreign investors to be subject to increased scrutiny

Economy, Business, Investment, Trade, Foreign Policy, Security, Visas
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 investors who wish to purchase […]

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

Economy, Business, Investment, Trade, Media, Internet, Social Media, Television
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 by the way we use […]

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Russian bonds: Short on risk, long on reward

Economy, Business, Investment, Trade
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 ­ and in fact has strengthened […]

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Russia Reverses Investment Decline, Minister Says

Economy, Business, Investment, Trade
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 in 2012. The total investment […]

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

Economy, Business, Investment, Trade
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 city’s media and advertizing department […]

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Goldman Says Buy China, Russia Stocks on Valuation to Reform

Economy, Business, Investment, Trade
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 weight, saying Chinese banks and […]

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

Economy, Business, Investment, Trade
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%; $10.13 billion in loans from […]

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

Economy, Business, Investment, Trade, United States, U.S.-Russian Relations
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. This event will allow participants […]

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US asset management giant pulls $100M from Russia

Economy, Business, Investment, Trade, United States, U.S.-Russian Relations
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 figures from Emerging Portfolio Fund […]

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Russian governmental start-up strategy is likely to fail

Economy, Business, Investment, Trade
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 cuts (many items will be […]

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

Assassinations, Beatings, Threats, Economy, Business, Investment, Trade, Human Rights, United States, U.S.-Russian Relations
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 2012 and named after late […]

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