Business

Stop Bullying Business Putin Says

15:53 09/02/2012 MOSCOW, February 9 (RIA Novosti)

Russian Prime Minister Vladimir Putin called on Thursday for a review of the penal code to ease pressure and harassment of business.

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VTB Buyback Decision Taken to Protect Reputation – Putin
15:21 09/02/2012
The Russian government’s decision that Russia’s second largest bank VTB should hold a share buy-back to compensate losses to shareholders in the bank's "people’s IPO" was taken to protect the bank’s reputation in the eyes of society and investors, Prime Minister Vladimir Putin said on Thursday.
Russian State Banks Disclose Executive Income
14:27 09/02/2012
Russian state-controlled banks have submitted information on their top managers’ incomes and their business transactions, Finance Minister Anton Siluanov said on Thursday.
U.S. Travel Agency Files $3.5 Bln Suit Against Aeroflot
14:21 09/02/2012
U.S. Riviera Travel & Tours filed a nearly $3.5 billion suit in District Court Central District of California against Russian flagship airline Aeroflot accusing it of extortion, RAPSI legal news agency reported on Thursday.
VTB Head Calls for Business to Support Authority
13:51 09/02/2012
Russian business should support the authorities in the run-up to the presidential election, VTB bank head Andrei Kostin said on Thursday at a business lobby group meeting.
VTB to Make up Losses for People's IPO Buyers
12:34 09/02/2012
Russia’s second-largest banking group, VTB, intends to buy back shares sold in a "people's IPO" in 2007 at the original offer price or almost double the current market price, Mikhail Zadornov, head of the bank’s retail arm, VTB-24, said on Thursday.
Greece Hopes for Aid Despite Pension Cut Deadlock
11:31 09/02/2012
Greece hopes the EU will grant a second bailout worth 130 billion euros despite the government's failure to secure agreement on pension cuts at a marathon meeting that ended early on Thursday morning.
Russia's GDP Growth to Fall to 3% - HSBC
17:27 08/02/2012
Russia's gross domestic product growth will slow down to three percent at the end of 2012 and to 2.5 percent next year, HSBC Chief Economist for Russia and the CIS Alexander Morozov said on Wednesday.
Defense Ministry Drops Contracts for ‘Inferior’ Arms
16:27 08/02/2012
Substandard and uncertified models of arms and military equipment have been excluded from the 2012 state defense order, Defense Minister Anatoly Serdyukov said on Wednesday.
Russian Helicopters Denies China Mi-2 Project
15:11 08/02/2012
Russian Helicopters, the holding that combines Russia's rotorcraft design and manufacturing enterprises, has denied press reports that it intends to take part in a joint venture to produce Mi-2A light helicopters in China.
Perfumers Ask State to Take Scents Off Alcohol List
14:24 08/02/2012
Russian perfume producers have called on the government to scrap a requirement for their goods to be classed the same way as alcoholic drinks, which has brought two-thirds of Russian producers to a standstill, Vedomosti business paper reported on Wednesday.
Polymetal Consolidates Big Siberian Gold Deposit
13:44 08/02/2012
Russian gold and silver miner Polymetal has consolidated a 100 percent stake in Amikan, which controls the Veduga gold deposit in West Siberia, Polymetal said on Wednesday.
Ukraine Accuses Russia of Turning Down Gas Supply
12:46 08/02/2012
Russia is supplying 12 percent less gas to the Ukrainian gas transportation system than stipulated in a bilateral contract, Ukrainian Energy Minister Yuriy Boyko said on Wednesday.
Citibank Opens Russian-Language Branch in New York
12:06 08/02/2012
Citibank has opened a new branch offering Russian-language services in Brooklyn's Brighton Beach district, known for its large population of Russian-speaking immigrants, the bank said on Wednesday.
Ukraine Tops List of Russian Vodka Importers
14:26 07/02/2012
Ukraine imported 27 percent or 1.4 million deciliters of overall export of Russian vodka in 2011, Kommersant business daily said on Tuesday quoting statistics of the Federal Customs Service.
Glencore, Xstrata Sign $90 Bln Merger Deal
12:30 07/02/2012
Top executives at Glencore, one of the world's largest mining and commodities trading companies, and miner Xstrata have agreed on a $90 billion tie-up, the industry’s ever largest merger, Xstrata said in a statement on Tuesday.
Deripaska in Talks to Buy Five Airports in $2 Bln Deal
11:47 07/02/2012
Basic Element (BasEl) holding company owned by Russian billionaire Oleg Deripaska may become the largest airport operator in Russia after it began talks to buy five regional airports, Vedomosti business daily said on Tuesday quoting BasEl General Director Andrei Yelinson as saying.
Lukashenko Orders Central Bank to Stop Printing Money
11:32 07/02/2012
Belarusian President Alexander Lukashenko has ordered the National Bank to stop printing money in a bid to keep the country’s finances stable after last year’s inflation crisis, RBC Daily reported on Tuesday.
Too Early to Privatize Oil Industry Says Putin
17:38 06/02/2012
Russia should not fully privatize its oil and gas industry in the near future as it is too monopolized, with the attendant social risks that entails, Prime Minister Vladimir Putin said on Monday.
Russia, China to Jointly Build Mi-2A Helicopters
16:33 06/02/2012
Russian helicopter maker Rostvertol and Chinese Xi'Ao Aeroplane Manufacturing will build a plant in northern China capable of manufacturing 100 lightweight civil Mi-2A helicopters annually, Xinhua said on Monday.

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