Follow Us On

  • Facebook

 

Invest In Russia News

  • CB to quote ruble at 35.5581 rubles/$1 and 49.2266 rubles/EUR1 on April 11

     The Central Bank of Russia will quote the U.S. dollar at 35.5581 rubles/$1 on April 11, 0.53% down from the previous exchange rate.

     
    The Central Bank will quote the euro at 49.2266 rubles/EUR1, 0.13% down from the previous exchange rate, the bank's Foreign and Public Relations Department told Interfax.
     
     
     
    11 April 2014
  • Capitalization of Russian stock market increases 1.01% on Thursday

    The capitalization of the Russian stock market, based on average-weighted prices on the Moscow Exchange's Main Market, increases 1.01%, or by 233.710 billion from the previous session, to 23.360 trillion rubles ($653.450 billion at the Central Bank's official exchange rate) on Thursday.

  • Uralkali IFRS net profit drops 64% to $269 mln in H2, missing forecast (Part 2)

    Uralkali (MOEX: URKA) posted a net profit of $269 million in the second half of 2013 under international financial reporting standards (IFRS), 64% less than in the same period last year, the company said in a press release.

    Analysts at 10 investment companies and banks told Interfax in a consensus forecast that the second half profit would be $361 million (Metropol came closest with a forecast of $282 million).

  • OGK-2 genco to invest 20 bln rubles in capacity contract projects in 2014 (Part 2)

     MOSCOW. April 9 (Interfax) - OGK-2 (MOEX: OGKB) will invest 20 billion rubles in the construction of new capacity under capacity supply contracts in 2014, the acting head of the genco's construction division, Sergei Medvedev, said during a conference call.

  • Mondelez to invest 3.5 bln rubles in construction of chocolate factory near Novosibirsk

    LLC Mondelez-Rus will invest 3.5 billion rubles into the construction of a plant to produce chocolate and cookies at the Industrial and Logistics Park in the Novosibirsk region, a source familiar with the company's plans told Interfax.

     The enterprise is expected to produce chocolate bars under the brands of Alpen Gold and Milka, Jubileynoe cookies, Medvezhonok Barni sponge cakes and other items. Additionally, the factory will have equipment to fill Jacobs Monarch freeze-dried coffee.

  • Russia imports 24% less medicines in Jan-Feb

    Russia imported $1.439 billion worth of various medicines in January-February, 24% less year-on-year, the Federal Customs Service (FCS) said.

  • After $307 mln Kola MMC impairment, Norilsk Nickel expects no more asset write-offs

    Norilsk Nickel (MOEX: GMKN), which for the first time took a $307 million non-cash charge for impairment of upstream operations of Kola MMC in 2013, does not see any grounds for future write-offs in the value of its Russia assets, Deputy CEO Sergei Malyshev told journalists on Monday.

  • Japan intends to terminate cooperation with Ukraine under Kyoto Protocol

    Japan demands that funds allocated to Ukraine under the Kyoto Protocol be returned, Ukrainian Minister of Ecology and Natural Resources Andriy Mokhnyk said.
     
    "The agreement itself stipulates $800 million but no funds were moved in three months. Thus, Japan has already announced its issues and readiness to break off the agreement and to stop cooperation," Mokhnyk said.
     
    According to the Kyoto Protocol provision, Ukraine will be obliged to return all funds it has received, Mokhnyk said.
  • MinFin to peg FX purchases on market to bi-currency corridor (Part 2)

    The Russian Finance Ministry's foreign currency purchases on the market will be pegged to the bi-currency corridor, Deputy Finance Minister Alexei Moiseyev told reporters.

  • Rogozin opposed to industrial assembly policy in defense sector

    The defense sector can boost the Russian economic growth amid the global economic turmoil, Deputy Prime Minister Dmitry Rogozin said.
     
    "In fact, only the defense sector and affiliated industries give a serious reason for optimism against the backdrop of a profound global economic crisis," Rogozin said at a conference dedicated to the defense sector's development and state defense orders in Novosibirsk on Friday.
     
    For example, the defense sector can spur the growth of the entire machine building industry, he said.
  • AFK Sistema signs binding agreement to purchase Investlesprom assets (Part 2)

    "Sistema JSFC ("Sistema") (LSE: SSA), the largest publicly-traded diversified holding company in Russia and the CIS, today announces that its subsidiary LLC LesInvest has signed legally binding agreements with the Bank of Moscow to acquire 100% of OJSC Segezha Pulp and Paper Mill and 100% of LLC Derevoobrabotka-Proekt [DOP] together with all debt obligations to the Bank of Moscow on debt free cash free basis. The closing of this transaction is contingent upon the approvals of relevant anti-monopoly authorities.
  • Kuzbass, Far East coal could lift Asia-Pacific market share to 15%

     MOSCOW. April 3 (Interfax) - Russia could raise its share of the Asia-Pacific coal market from 6% to 15% by 2030 by exporting more coal from the Kuznetsk basin (Kuzbass) and Far East, Russian Energy Minister Alexander Novak said at a cabinet meeting, presenting a new updated coal sector development program for the period.

  • Moscow considers pseudo-historical insights of German finance minister to be provocative - Russian Foreign Ministry

     MOSCOW. April 3 (Interfax) - The Russian Foreign Ministry has made a presentation to the German ambassador in Moscow due to statements of German Finance Minister Wolfgang Schaeuble, who compared Crimea's accession to Russia with the occupation of Czechoslovakia's northern and western border regions by Nazi Germany in 1938.

  • Industrialized countries see 28 per cent jump in asylum applications – UNHCR Report

    A UNHCR report, released today, shows a sharp rise in asylum claims in 44 industrialized countries during 2013, driven primarily by the crisis in Syria.

  • LG Signs On for Rovi Data

    Leading Consumer Electronics Maker to Launch Rovi Data Service to New Markets - Brazil and Russia

    Rovi Corporation (NASDAQ: ROVI), a global leader in entertainment discovery, today announced that LG Electronics has signed on to use Rovi video metadata in LG smart devices.  Rovi Data is a broad portfolio of data covering 55 countries, available in more than 15 languages and built on a standard format to help make it easier to launch video services and devices to local markets.

  • Interfax-2014 scholarship announced

    Interfax Information Services Group and the Journalism Faculty of the Lomonosov Moscow State University have decided to award the 2014 B.S. Grischenko scholarship to Marina Bochkareva, a third year full-time student.

    The winner of the Interfax-2014 scholarship was announced on December 25 at the annual Moscow State University Journalism Faculty Practice Days.

  • Hughes Expands Russia Business with JSC Iskra R&D

    GERMANTOWN, MD and MOSCOW, Dec. 23, 2013 ― Hughes Network Systems, LLC (Hughes), the world's leading provider of broadband satellite networks and services today announced the signing of a multi-year contract with Joint-Stock Company Iskra Research & Development (JSC Iskra R&D), one of the largest VSAT operators in Russia, to supply a new HN System and up to 3,000 broadband satellite terminals. Additionally, JSC Iskra R&D will establish an authorized service center at its Krasnoyarsk operations facility for Hughes satellite terminal products.

  • Interfax, QS rate best universities in BRICS

    International information group Interfax and rating company Quacquarelli Symonds (QS), a recognized university comparison leader, have ranked the best universities among the BRICS countries (Brazil, Russia, India, China and South Africa).

    You can view the complete list of the top 100 universities in BRICS at www.TopUniversities.com.

  • DIXY Partners, One of Russia’s Largest Food Retailers, Selects Revionics

    Revionics, Inc., the leading provider of End-to-End Merchandise Optimization solutions, announced today that they have entered into a multi-year agreement with DIXY Group (RTS, MICEX: DIXY), one of Russia’s largest national retail operators in the food retail market, to provide Revionics® Price Optimization solution to the company’s DIXY Neighborhood Stores, which includes 1,580 retail stores.

  • Minister Ulyukaev met with the Minister of Foreign Trade and Tourism of the Republic of Peru Magali Silva Velarde-Alvarez

    On December 3, 2013 the Minister of Economic Development Alexey Ulyukaev during the 9th Ministerial Conference on WTO, arranged on Bali (Indonesia), held a working meeting with the Minister of Foreign Trade and Tourism of the Republic of Peru, co-chair of the 9th Conference of ministers of WTO Magali Silva Velarde-Alvarez.

  • International Conference “BRICS: Prospects for Cooperation and Development”

    In 2011-2013 the Ministry of Economic Development of the Russian Federation launched a series of seminars together with the Russian Foreign Trade Academy and the  UN  Development Program. These seminars were organized as a part of the expert consultations mechanism on BRICS cooperation, growth, trade and development. The goal was to discuss the prospects of cooperation, that is why the participation of experts and representatives of all the BRICS countries was essential.

  • Interfax develops rating of Russian regions by environmental, energy efficiency of businesses

    Interfax Information Services Group has developed a rating to assess Russian regions in terms of the fundamental efficiency and environmental responsibility of their businesses.

    The top five regions in the ranking for 2012 are Chuvashia, Buryatia, Oryol Region, Kaluga Region and Marii El Republic.

© Copyright 2010-16 Invest in Russia Hanko Hackberry Group All rights reserved.