| January 2012 |
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Russia needs a culture of innovation and 'business angels' to modernize and make economic breakthroughs, the Russian President's newly appointed adviser Mikhail Abyzov said on Thursday.
Tajik migrants working in Russia sent to $2.96 billion in remittances to their families in Tajikistan in 2011, over 30 percent more than the previous year, National Bank Deputy Chairman Malokhat Kholikzoda said on Thursday.
Japanese car maker Honda Motor Co is in talks to build a car plant in the town of Dzerzhinsk near Nizhny Novgorod, Dzerzhinsk's Mayor Viktor Sopin said on Thursday.
Russian banks saw their 2011 profits surge 70 percent on the previous year to a record 848 billion rubles ($27 billion), Central Bank Deputy Chairman Alexei Simanovsky said on Thursday.
One of Russia's largest gold producers, Uzhuralzoloto Group, may hold an initial public offering in London to raise $200 million this spring, Kommersant business daily said on Thursday quoting banking sources.
Russian stock markets and the ruble moved higher on Thursday after news that the International Monetary Fund planned to boost funds to help fight Europe’s sovereign debt crisis and the Greek government moved closer to a deal with private bondholders.
Russia must allow the ruble to appreciate this year or face increasing inflation due to record energy revenues, former Finance Minister Alexei Kudrin said late on Wednesday on his web site.
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