Business

World Bank expert dismisses Moscow as global financial center

World Bank economist Lucio Vinhas de Souza

19:03 21/10/2010

Moscow is unlikely to become an international financial center and can only aspire to be a regional financial hub, a World Bank economist said in the Russian capital on Thursday.

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Moscow: International financial center of the future
18:01 28/01/2011
The Russian capital, the 11th largest city in the world with a population of some 15 million, has a huge business potential despite the fact that doing business in Moscow is not easy at the moment due to the narrow financial market, undeveloped insurance companies and other factors.
Moscow to finish proposals on global financial hub within 3 months
17:17 28/01/2011
Moscow will prepare proposals on the creation of a global financial center within three to four months, Russian presidential aide Arkady Dvorkovich said on Friday.
Russia's global financial center will be built on rubles
00:10 23/10/2010 RIA Novosti economics commentator Maria Selivanova
If Russia wants to become a global financial center and make the ruble a reserve currency, it will have to do more than keep inflation low, ensure political stability and protect private property. This is the conclusion reached by government officials and leading economists at the conference, "The Russian Money Market in 2010: Regional Ambitions," organized by RIA Novosti.
Major foreign IPOs in Moscow still years away says Kudrin
14:08 04/10/2010
Large foreign companies will start holding Initial Public Offerings in Moscow's International Financial Center no earlier than three years after Russia has put the necessary legislation in place and accumulated some practice, Finance Minister Alexei Kudrin said on Monday.
Moscow's financial centre should be 'open like London's' - official
17:39 21/09/2010
Moscow must learn from London and be more welcoming to its business partners if it wants to become an international financial center, the head of a working group for the center's creation said on Tuesday.
Moscow's International Financial Center: Form and substance
11:00 01/09/2010
Creating an international financial center in Moscow features high on the Russian government's list of priorities, along with a large-scale program to modernize the Russian economy.
Medvedev establishes working group for Moscow global financial hub
11:36 07/07/2010
Russian President Dmitry Medvedev signed a decree establishing a working group for the creation of an international financial center in Moscow, the Kremlin said on Wednesday.
No golf, no international financial center - Moscow mayor
22:47 29/06/2010
An international financial center in Moscow is impossible without golf, Moscow Mayor Yury Luzhkov said during an interview with local TVC television on Tuesday.
Moscow financial center should use English law, language - official
13:04 24/06/2010
Russian authorities should use English law and language at the international financial center, which is to be set up in Moscow, a Russian deputy finance minister said on Thursday.
Modernization key to creation of Russian financial centre
17:28 03/06/2010
The modernization of Russia's financial market and an analysis of how best to attract investors should be key elements of a plan to create an international financial centre in Moscow, Russian President Dmitry Medvedev said on Thursday.
Medvedev to discuss Moscow financial center with top bankers
00:32 03/06/2010
Russian President Dmitry Medvedev will chair a meeting with officials from the Bank of Russia on setting up an international financial center in Moscow.
Medvedev formalizes appointment of Moscow financial center taskforce head
15:34 18/05/2010
Alexander Voloshin, chairman of Russia's metals giant Norilsk Nickel, was officially included in a presidential council for financial markets on Tuesday by a presidential decree
Moscow to create international financial centre within five years - paper
15:45 21/04/2010
Moscow may within five years create an international financial center, able to compete with Dubai and Shanghai, Russian business daily Vedomosti said citing experts
Medvedev urges acceleration of Moscow financial center project
20:13 20/04/2010
Russian President Dmitry Medvedev has called for an acceleration of a project to create an international financial center in Moscow.
Special taskforce to oversee creation of Moscow financial center
18:25 20/04/2010
A project group under the presidential council for financial markets will oversee Russia's efforts to establish an international financial center in Moscow, a Kremlin aide said on Tuesday.
Medvedev orders more work on Moscow global financial center
17:21 09/02/2010
Russia should continue its efforts to turn Moscow into a global financial center, Russian President Dmitry Medvedev said on Tuesday.
Russia to draw up plan for international financial center
16:56 07/06/2008
Russia will prepare an action plan within a month to set up an international financial center in Russia, the economics minister said on Saturday.

Video

Moscow: International financial center of the future
18:01 28/01/2011
The Russian capital, the 11th largest city in the world with a population of some 15 million, has a huge business potential despite the fact that doing business in Moscow is not easy at the moment due to the narrow financial market, undeveloped insurance companies and other factors.

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Russia to set up an international financial center in Moscow

Russian President Dmitry Medvedev called for an acceleration of a project to create an international financial center in Moscow.

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Russia to set up an international financial center in Moscow

Images: Swedish Euphoria and Udmurtian Fervor: 2012 Eurovision Song Contest Winners

Video: Restorers Clean “Bronze Horseman” in St. Petersburg

Infographics: French Open

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