| January 2012 |
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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-controlled banks have submitted information on their top managers’ incomes and their business transactions, Finance Minister Anton Siluanov said on Thursday.
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.
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.
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 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 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.
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, 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.
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.
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.
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 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 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.
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.
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.
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.
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.
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.