Tag: Investment

Interfax: Minister sees Moody’s upgrading Russia rating outlook as recognition of effective policy

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Anton Siluanov file photo

MOSCOW. Dec 4 (Interfax) – Moody’s Investors Service’s decision to upgrade the rating outlook for Russian government bonds to stable from negative is an acknowledgement of the effectiveness of the Russian authorities’ fiscal and monetary policies, Finance Minister Anton Siluanov told reporters. “The upgrade of the outlook, made for the first time in a fairly long time, indicates recognition of […]

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NEWSWATCH Wall Street Journal: “Russian Corporate Bonds’ Unlikely Winning Ways. They are the best performing in the emerging markets in 2015, Citigroup says.”

Economy, Business, Investment, Trade
Diverse Paper Currency, Coins, Line Graph

The Wall Street Journal reports on the performance of Russian corporate bonds. From adversity comes opportunity. But given the degree of adversity facing Russia at the end of 2014—sanctions over Ukraine, plummeting oil prices, a collapsing currency—it is surprising quite how much of an investment opportunity it has turned out to be this year. Russian corporate bonds are the best […]

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Why the Doing Business ranking is so important for Russia; The World Bank report is seen as a key indicator for reforming the business environment

Economy, Business, Investment, Trade
World Bank Building

(Russia Beyond the Headlines – rbth.ru – Alexei Lossan- November 20, 2015) Alexei Lossan is the RBTH Central Desk editor for business In November 2015, the World Bank released its annual Doing Business ranking, in which Russia managed to rise to 51st place. For the Russian economy, this ranking has a particular significance because the government has selected it as […]

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Russia Sees Biggest Decline in Wages, Retail Sales Since 1999

Economy, Business, Investment, Trade
Diverse Paper Currency, Coins, Line Graph

(Bloomberg – bloomberg.com – Anna Andrianova – November 19, 2015) Russian wages and retail sales declined by the most since 1999, a sign consumer demand will remain a weak link in the economy’s efforts to break out of its first recession in six years. Real wages fell 10.9 percent in October from a year earlier, a deeper contraction than the […]

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Half of Russia’s Richest People Are Planning to Cash Out

Economy, Business, Investment, Trade
Hand Pulling Cash from Envelope

(Bloomberg – bloomberg.com – Alexander Sazonov – November 13, 2015) [Charts here bloomberg.com/news/articles/2015-11-13/putin-s-gilded-cage-russia-s-rich-are-facing-cash-out-conundrum] It’s been a quarter century since the fall of the Soviet empire triggered one of history’s greatest wealth transfers. Now bankers are preparing for another as Russia’s first generation of capitalists makes way for the next. Confidential surveys of dozens of millionaires and billionaires conducted since European […]

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Most of investments into Russia in past year come from Asian market – Putin

China, Economy, Business, Investment, Trade, Far East, Siberia, APEC
Eurasia Map

(Interfax – November 13, 2015) Around 90 percent of the investments made into Russia in the past year are the resources of the Asian market, Russian President Vladimir Putin said in an interview with the Interfax and Anadolu news agencies on Friday ahead of the G20 summit in Antalya. “Obviously, cooperation with Asian partners in attracting funds gains special relevance […]

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European Union Prohibits Studies of Sanctioned Russian Banks

Economy, Business, Investment, Trade, Europe, EU, Sanctions
EU Map

(Moscow Times – themoscowtimes.com – October 23, 2015) The European Union has prohibited its financial institutions from publishing analytical research of the Russian banks under EU sanctions, the European Commission said in a statement. The European Commission, the EU’s legislative body, prohibited publishing research on Russian banks because the analysis contained in the reports could help investors in Russia make […]

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The ABR (Anywhere But Russia) crew of fund veterans now punting in Pakistan, Iraq and Iran

Economy, Business, Investment, Trade, Sanctions
Diverse Paper Currency, Coins, Line Graph

(Business New Europe – bne.eu – Jason Corcoran in Moscow – October 21, 2015) Dedicated-Russia funds have become a rare species in the years following the 2008-2009 economic crisis. The country’s subsequent low growth, its current recession along with tumbling commodity prices and political isolation over Ukraine have almost led to their extinction. But what has become of these fund […]

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Multinationals pessimistic on Russian market

Economy, Business, Investment, Trade, Sanctions
Diverse Paper Currency, Coins, Line Graph

(Business New Europe – bne.eu – bne IntelliNews – October 19, 2015) Large investors are pessimistic about the outlook for the Russian market, according to a report by Global Counsel, which shows that some are reducing their exposure. Although some groups are holding their options open, and some are even seizing counter-cyclical opportunities, unless the business environment improves more groups […]

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Foreign Investors Complain About Russia’s Unpredictable Laws

Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade, Europe, EU, Russia & the West, Sanctions
Truck at Russian Border Crossing

(Moscow Times – themoscowtimes.com – Peter Hobson – October 20, 2015) Unpredictable lawmaking is undermining Russia’s ability to attract foreign investors, the Foreign Investment Advisory Council (FIAC) – a group of the biggest foreign companies working in Russia – told Prime Minister Dmitry Medvedev on Monday. A report by financial services group and FIAC member EY (Ernst & Young) into […]

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Foreign Investment in Russian Commercial Property Hits 7-Year High

Economy, Business, Investment, Trade
Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – Anastasia Bazenkova – October 19, 2015) Foreign investment in Russian commercial property has hit a seven-year high as the weak ruble has made the market more attractive for international companies, the RBC newspaper reported Friday, citing a recent market study. Foreign capital accounted for 42 percent of investment in the commercial real estate market in […]

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Standard & Poor’s Lowers Russian Growth Forecast

Economy, Business, Investment, Trade
Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – Peter Hobson – October 16, 2015) Standard & Poor’s has cut its growth forecast for Russia, predicting that lower and more volatile oil prices will make it harder for the country to emerge from recession. The ratings agency said Thursday that the Russian economy would contract by 3.6 percent this year and grow by only […]

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Innovators bring the startup revolution to Russia, but business development lags behind

Economy, Business, Investment, Trade, Science, Technology, Engineering
File Photo of Test Tubes with Algae Displaying Different Colors, Part of U.S. Energy-Related Research; from nrel.gov

Russian hi-tech startups are growing rapidly in number, but to implement their inventions a revolution in the big business sector is also needed. (Russia Beyond the Headlines – rbth.ru – Victoria Zavyalova, RBTH – October 14, 2015) Russia is pursuing its innovation dream. Over the past eight years, 12 new science parks housing 775 startups were established in the country. […]

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BNE: Investors warm to a lukewarm Russia

Economy, Business, Investment, Trade
File Photo of Outdoor Electronic Sign with Russian Exchange Data

(Business New Europe – bne.eu – Ben Aris in Moscow – October 15, 2015) [Charts here http://www.bne.eu/content/story/investors-warm-lukewarm-russia] The political rhetoric between the Kremlin and the West remains fraught since the start of the Russian bombing campaign in Syria, but investors have started to warm to Russia as an investment destination; Russian bonds are the best performing in the world year […]

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$50 Oil for 15 Years Isn’t What Scares Bank of Russia Governor

Economy, Business, Investment, Trade, Oil, Gas, Energy
Elvira Nabiullina file photo

(Bloomberg – bloomberg.com – Evgenia Pismennaya, Anna Andrianova, Ryan Chilcote – October 14, 2015) Fifteen years of oil at $50 a barrel isn’t the worst nightmare for Russian central bank Governor Elvira Nabiullina. “What worries me more is the pace of reforms in the economy that could stimulate private investment,” Nabiullina, 51, said in a Bloomberg Television interview on Tuesday. […]

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Foreign media companies leaving Russia as new ownership law looms

Media, Internet, Social Media, Television

With a new law limiting foreign ownership of media in Russia to 20 percent due to come into force on Jan. 1, 2016, many international companies are already leaving the market due to loss of revenue (Russia Beyond the Headlines – rbth.ru – Maria Karnaukh, special to RBTH – October 13, 2015) With less than half a year left until […]

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Putin looks back to West as China swing chokes

China, Economy, Business, Investment, Trade, Europe, EU, Foreign Policy, Security, Visas, Russia & the West, United States, U.S.-Russian Relations
Eurasia Map

(Business New Europe – bne.eu – Jason Corcoran in Moscow – October 14, 2015) Russian President Vladimir Putin is abandoning his much-vaunted pivot to Asian sources of finance, judging by the prominence given to Anglo-American investors during his question & answer session at the VTB Capital conference in Moscow on October 13. A year ago, Western investors were largely absent […]

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Russia Sees First Capital Inflow in 5 Years

Economy, Business, Investment, Trade
Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – Peter Hobson – October 12, 2015) Russia has recorded its first quarterly net capital inflow in five years, with $5.3 billion flowing into the country from July to September, according to preliminary Central Bank data published Friday. The inflow reverses a period of record capital flight following last year’s sharp fall in the price of […]

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RBTH: Sochi forum: Sanctions curbing foreign investment in innovation in Russia

Economy, Business, Investment, Trade, Europe, EU, Sanctions, United States, U.S.-Russian Relations
Skolkovo File Photo

Participants of the recent International Investment Forum in Sochi say that U.S. and EU sanctions on Russia are impeding international investment in innovative start-ups, with foreign companies not aware of what they can do under the new conditions. Meanwhile, according to Russian observers, several new innovative clusters may be created in Russia, including in Sochi. (Russia Beyond the Headlines – […]

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Foreign investors may get access to major deposits in Russia

Economy, Business, Investment, Trade, Oil, Gas, Energy, Sanctions
Diverse Paper Currency, Coins, Line Graph

If a foreign company in Russia repeats the recent success of Italian energy company in Egypt and discovers a strategic deposit on Russian territory, it will be able to develop that deposit. Experts expect the relevant amendments to the Russian legislation to attract investment in exploration. (Russia Beyond the Headlines – rbth.ru – Anna Kuchma, RBTH – September 1, 2015) […]

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‘Black Monday’ inflicts further damage on Russian markets

Economy, Business, Investment, Trade, Oil, Gas, Energy, Sanctions, United States, U.S.-Russian Relations
File Photo of Outdoor Electronic Sign with Russian Exchange Data

Amid turmoil on global financial markets, the Russian ruble fell to a historic low against the U.S. dollar on Aug. 24, while the key stock market index, the RTS, dropped 6 percent. Russian analysts say that there is little room for optimism while oil prices remain low. (Russia Beyond the Headlines – rbth.ru – Alexei Lossan – August 25, 2015) […]

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Russia continues to increase investments in U.S. Treasuries

Economy, Business, Investment, Trade, United States, U.S.-Russian Relations
Portion of U.S. Treasury Department Building Facade, North Side, with Sculpture of Alexander Hamilton

(Interfax – August 18, 2015) Russia increased its investments in U.S. Treasury bonds in June by $1.4 billion, just as it did in May, according to data from the U.S. Treasury and the Federal Reserve System, published on Aug. 18. At the end of June, the volume of Russian-owned U.S. Treasury bonds stood at $72 billion. Russia is currently 19th […]

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U.S.-Russian Paper Startup Sees Massive Success Despite Political Tensions

Economy, Business, Investment, Trade, United States, U.S.-Russian Relations
United States Map, adapted from image at epa.gov

(Moscow Times – themoscowtimes.com – Matthew Bodner – August 18, 2015) One of the largest office supply retailers in the United States has offered a group of young Russian and American entrepreneurs an exclusive distribution deal for a new sticky note developed by the team after raising almost $250,000 on crowd-funding site Kickstarter. Founded in January by two Russian cousins […]

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Eight Facts to Celebrate 100 Starbucks in Russia

Economy, Business, Investment, Trade, United States, U.S.-Russian Relations
Starbucks Counter with U.S. Ambassador and Crew

(Moscow Times – themoscowtimes.com – Ilaria Parogni – August 12, 2015) American coffeehouse chain Starbucks Coffee celebrated the opening of his 100th Russian branch in Tuesday. The new venue is located inside the shopping center Galereya in St. Petersburg, the company announced on social media. Starbucks is currently holding celebrations at the new location and at the company’s flagship store […]

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Classes Aimed at Raising a New Generation of Russian Businessmen

Children, Adoptions, Orphans, Economy, Business, Investment, Trade, Education, Academia
Cash, Calculator, Pen

(Moscow Times – themoscowtimes.com – Alexandra Tyan – July 28, 2015) The newly renovated VDNKh park in northern Moscow is investing in the future with the Young Investor School, which will open at Pavilion 14 early next month. Starting on Aug. 6, every Thursday and Friday, children between the ages of 8-14 can learn about the career of investment banking […]

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NEWSWATCH Wall Street Journal/Stephen Hadley, Robert Zoellick: Crucial Weapons in the Defense of Ukraine. Without debt reduction and more aid, a young democracy could vanish.

Economy, Business, Investment, Trade, Europe, EU, JRL NewsBlog, Ukraine, Russo-Ukrainian War, United States, U.S.-Russian Relations
International Monetary Fund Logo Over Ukraine Flag

Writing in The Wall Street Journal, Stephen Hadley and Robert Zoellick address the issue of Western assistance for Ukraine amidst the Russo-Ukrainian War, including financial and debt-related assistance. Russia’s aggression against Ukraine is an assault on the vision that emerged from the end of the Cold War of a Europe whole, free and at peace. For that vision to be realized, the […]

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NEWSLINK Australian Financial Review: How Russia proved to be the best BRICS bet in 2015

BRICS, Economy, Business, Investment, Trade, Newslinks

Russia’s surge in fortunes presents a contrast with the events of December, when stocks tumbled almost 9 percent and the ruble sank to a record, prompting the central bank to raise interest rates to the highest in more than a decade. That marked the peak of turmoil that had begun with Russia’s annexation of Crimea in March and crude oil’s […]

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What Does Greece’s ‘No’ Vote Mean for Russia?

Economy, Business, Investment, Trade, Europe, EU, Greece, Oil, Gas, Energy, Sanctions
Ancient Temple Ruins in Greece with Tourists

(Moscow Times – themoscowtimes.com – Anastasia Bazenkova, Delphine d’Amora – July 7, 2015) As EU leaders gather Tuesday to seek an answer to Greece’s sweeping rejection of international bailout terms, Russia -the EU’s third-largest trading partner – is quietly waiting to see where the chips fall. Hailed as a victory for democracy by Greece’s new far-left leaders, the resounding “no” […]

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Saudi Arabia to invest $10bn in Russia via fund

Economy, Business, Investment, Trade, Middle East, North Africa
Middle East Map

(Business New Europe – bne.eu – bne IntelliNews – July 7, 2015) Saudi Arabia’s Public Investment Fund, a sovereign wealth fund, will invest $10bn in Russia via the government-run Russian Direct Invest Fund (RDIF), in what will be Saudi Arabia’s biggest ever investment in Russia. “This is a landmark transaction, one of the largest transactions in the realm of sovereign […]

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Russia Beyond the Headlines: Dismissal of American vice rector in Nizhny Novgorod causes controversy

Economy, Business, Investment, Trade, Education, Academia, Media, Internet, Social Media, Television, Race, Ethnic, Extremism, Xenophobia, United States, U.S.-Russian Relations
Map of Russia and Russian Flag adapted from images at state.gov

(Russia Beyond the Headlines – rbth.ru – Yekaterina Sinelschikova, RBTH – July 3, 2015) The dismissal of an American lecturer from a leading position at a Russian university following an “incriminating” report on television sparked talk of an increase in the harassment of foreigners. Russian lawmakers are planning to introduce a “patriotic stop list” – a list of foreign funds […]

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Russia’s recovery faces a reality check

Economy, Business, Investment, Trade, Sanctions
Diverse Paper Currency, Coins, Line Graph

(Business New Europe – bne.eu – Chris Weafer of Macro-Advisory – June 22, 2015) After a relatively positive performance for Russia’s economy in the first quarter, the second quarter has brought more of a reality check, with sharply lower numbers across many categories reported in April and May. The preliminary GDP estimate for April shows a contraction of 4.2% year […]

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NEWSLINK Wall Street Journal: Russia’s Struggling Economy Clouds St. Petersburg Economic Forum. Corporate executives head to President Vladimir’s Putin hometown for annual event

Economy, Business, Investment, Trade, Newslinks
St. Petersburg

Corporate executives head to President Vladimir’s Putin hometown for annual event.

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NEWSWATCH Wall Street Journal: The Putin Recession; Russia’s economy keeps shrinking, but the West won’t take advantage

Economy, Business, Investment, Trade, JRL NewsBlog, Sanctions
Diverse Paper Currency, Coins, Line Graph

The Wall Street Journal editors address Russia’s economic crisis and the West’s apparent unwillingness to step up economic pressure. The Russian recession is expected to continue unfolding. An oddity of recent weeks has been the attempt to argue that Russia’s economy isn’t as awful as it looks. Then along comes Friday’s report that GDP fell 1.9% year-on-year in the first […]

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Russian Foreign Direct Investment Dropped 40% in 2014

Economy, Business, Investment, Trade
File Photo of Outdoor Electronic Sign with Russian Exchange Data

(Moscow Times – themoscowtimes.com – May 19, 2015) Overseas investment by Russian companies fell to $56 billion last year, a 40 percent decline from 2013, even as China led a wider boom in foreign direct investment from emerging economies, according to a report by the United Nations Conference on Trade and Development (UNCTAD) released Monday. The figure means that Russia […]

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NEWSLINK Bostinno: What Now for MIT and Moscow’s ‘Innovation City’? [Skolkovo]

Economy, Business, Investment, Trade, Newslinks, Science, Technology, Engineering, United States, U.S.-Russian Relations
Skolkovo File Photo

In 2011, MIT and Russian institutions including the Skolkovo Foundation launched a multi-year collaboration to facilitate the conception of the Skolkovo Institute of Science and Technology—dubbed Skoltech— a private graduate research university in a suburb of Moscow that was designed to stimulate the Russian entrepreneurial ecosystem and address a number of pressing global issues.   http://bostinno.streetwise.co/2015/05/16/mits-skolkovo-tech-incubator-skoltech-struggles-in-russia/  

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Is Gazprom a “buy”?

Economy, Business, Investment, Trade, Oil, Gas, Energy
Gas Facility file photo

(Business New Europe – bne.eu – MOSCOW BLOG: Ben Aris in Moscow – May 7, 2015) [Chart here http://www.bne.eu/content/story/moscow-blog-gazprom-buy] With the RTS Index up 30% year-to-date, foreign investors are drifting back into Russian shares simply because they are so cheap. But is the bluest of Russian blue chips and long-time market proxy Gazprom a buy again? Russian investment bank Renaissance […]

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Sanoma sells Vedomosti to comply with Russian media law

Economy, Business, Investment, Trade, Media, Internet, Social Media, Television

(Business New Europe – bne.eu – bne IntelliNews – April 30, 2015) Finnish publishing company Sanoma has sold its 33.3% share in the Russian business daily Vedomosti to publishing executive Demyan Kudryavtsev, in the latest shake-up to Russia’s media landscape caused by new legislation limiting foreign ownership. The stake in Delovoi Standard, the publisher of the daily, was sold to […]

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NEWSLINK Wall Street Journal: Russian Assets Regain Appeal for Investors. The country’s ruble, sovereign bonds, and stocks attract those seeking higher yields

Economy, Business, Investment, Trade, Newslinks

Investors have taken Russia out of the penalty box. The ruble has gained 17.5% in 2015 against the U.S. dollar, after losing nearly half of its value in 2014, according to financial-data provider CQG. It has soared 46% from an intraday record low set in December. Russia’s stock index denominated in the ruble has soared 20% this year through Monday, […]

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Russia-Focused Funds Get Most Investment in 8 Months

Economy, Business, Investment, Trade
Cash, Calculator, Pen

(Moscow Times – themoscowtimes.com – April 27, 2015) Investment funds focused on Russia saw their largest weekly influx of cash since September last week, showing that international investors are now returning to Russia after last year’s torrential capital outflows, the Kommersant newspaper reported Friday. Funds concentrating on Russia gained $182 million in investment in the week ending April 22, more […]

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NEWSLINK Forbes: Here’s How Much Russian Stock Values Have Eroded Since Sanctions

Economy, Business, Investment, Trade, Newslinks
File Photo of Outdoor Electronic Sign with Russian Exchange Data

For Russia investors, timing was everything.  Those who bought on the bad news of last summer were hit with more bad news come the end of summer when the U.S. sanctioned Gazprom, Rosneft and Lukoil. Then the Russian Central Bank went into panic mode and raised interest rates to save the ruble. The market sensed that the bank was getting […]

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NEWSLINK AFP: Russia’s vast Arctic gas project aims to avoid Ukraine deep freeze

Arctic, Economy, Business, Investment, Trade, Newslinks, Sanctions, Ukraine, Russo-Ukrainian War
Arctic Map

Spread across the frozen whiteness of the Russian Arctic, the ambitious $27 billion Yamal gas megaproject aims to defy both the extreme temperatures and the Ukraine crisis impacting its funding. Some 2,500 kilometres (1,600 miles) northeast of Moscow, the Yamal site — a joint venture by Russia’s Novatek, France’s Total and China’s CNPC — is eventually meant be one of […]

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Russia Economy Recovering as Oil Reliance Eases, Dvorkovich Says

Economy, Business, Investment, Trade, Oil, Gas, Energy, Politics, Government, Protests, Elections
Arkady Dvorkovich file photo

(Bloomberg – bloomberg.com – David Tweed, Haslinda Amin – April 20, 2015) Russia’s economy showed signs of recovery in the first and second quarters amid a declining dependence on oil, Russian Deputy Prime Minister Arkady Dvorkovich said. “Oil prices are not as important to the Russian economy as before,” Dvorkovich told Bloomberg TV Monday at the World Economic Forum on […]

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Weak Russian Economic Data Blunt Putin’s Optimism

Economy, Business, Investment, Trade
Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – Peter Hobson – April 20, 2015) The ruble slumped 4 percent and Moscow-listed stocks fell on Friday after official data showed that Russia’s economy contracted sharply in the first quarter of this year. The data, which showed a deep decline in real wages and consumer spending, came a day after President Vladimir Putin told Russians […]

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NEWSLINK CNBC: Russia has bigger concerns than oil, ruble: Deputy PM

Economy, Business, Investment, Trade, Newslinks, Sanctions
Arkady Dvorkovich file photo

Faced with the triple whammy of plunging oil prices, currency volatility and Western sanctions, there’s no dearth of challenges for Russia’s ailing economy, but Deputy Prime Minister Arkady Dvorkovich said what hurts most is the scarcity of financing for new investments. “The shortness of financing for new investments is where the Russian economy is being hit in the most important […]

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NEWSLINK Reuters: Russia must review participation in international funds – finance minister

Economy, Business, Investment, Trade, Foreign Policy, Security, Visas, Newslinks
Anton Siluanov file photo

Russia must review its participation in international financial organisations because the country is paying too much in fees, Finance Minister Anton Siluanov said on Wednesday. http://www.reuters.com/article/2015/04/15/russia-crisis-internationalfunds-idUSR4N0X602D20150415

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Russian Capital Flight Slows to $32.6 Billion in First Quarter

Economy, Business, Investment, Trade
Cash, Calculator, Pen

(Moscow Times – themoscowtimes.com – April 10, 2015) Net capital outflow from Russia was $32.6 billion in the first quarter of the year, down from $72.9 billion in the previous three months, suggesting that panic over Russia’s economic crisis has receded, data published this week by the Central Bank showed. Capital flight from Russia nearly tripled in 2014 from the […]

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