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  • Dmitry Medvedev's article, “Integrate to Grow, Innovate to Prosper”

    Russia has taken over the rotating chair of the Asia-Pacific Economic Cooperation forum in 2012 and will host this year’s APEC Leaders’ Week in Vladivostok. For Russia this honour comes with a great sense of responsibility. Just as Russia is an integral part of the vast and forward-reaching Asia-Pacific region, that is crucial for the socio-economic development of Russia, especially Siberia and the Far East.

  • Minister Elvira Nabiullina participated in the Meeting of the Commission for Modernisation and Technological development of Russia's Economy

    On January 24, 2012 in Moscow Minister Elvira Nabiullina participated in the Meeting of the Commission for Modernisation and Technological development of Russia's Economy , devoted to improving the investment climate. 

    Transcript of the Meeting: http://eng.kremlin.ru/news/3356

    25 January 2012

  • Diversified Global Holdings Group Announces the Sale of Its Final Russian Electronic Component Subsidiary

    Diversified Global Holdings Group Inc. DGHG -1.43%, a rapidly growing international holding company recently announced that pursuant to its commitment to focus on its best growth opportunities in the current global environment, it had completed negotiations for the sale of the second of its two electronic components subsidiaries, Fregat LLC, for 203,698 shares of its common stock to be returned to the company's treasury for cancellation. The successful sale will have a positive impact on DGHG's statement of operations.

  • Carnegie's Richard Meserve elected to Russian Academy of Sciences

    Carnegie Institution for Science president Richard A. Meserve was elected a Foreign Member of the Russian Academy of Sciences. He was elected in the section covering the fields of radiation safety, energy development, and environmental protection. The Russian Academy has approximately 250 Foreign Members.

  • Russian Mining Major White Tiger Gold More than Doubles Mineral Reserves and Resources on the Ildikan Property, Savkino Gold Mine

    TORTOLA, BRITISH VIRGIN ISLANDS, Jan 04, 2012 (MARKETWIRE via COMTEX) -- White Tiger Gold Ltd. CA:WTG -2.30%   ("White Tiger Gold" or the "Company") announces the completion of an updated NI 43-101 technical report titled "Mineral Reserve and Resource Estimates of the Savkino Deposit, Zabaikalsky Territory, Russian Federation" (the "2011 Technical Report") for the Savkino Gold Mine (Ildikan Property) in Siberia, Russia.

  • Shtokman FID postponed again

    Press release: The regular meeting of Shtokman Development AG (SDAG) Board of Directors was held in Moscow on December 29, 2011. The Board of Directors reviewed the Company’s activities in 2011 and stated that extensive work on the preparatory stage of the Project was carried out during the year.
     
    The shareholders assessed the good progress made but consider that some additional time is required to achieve the necessary conditions to take the Final Investment Decision (FID).

  • Vapo and Powerflute buy Myllykoski’s share of Harvestia

    Vapo Oy and Powerflute Oyj have each purchased half of the 30% of the equity of the timber procurement company Harvestia Oy belonging to UPM’s subsidiary Myllykoski Corporation. Following this transaction, Vapo and Powerflute each own 45% of Harvestia’s shares, with the remaining 10% owned by the operational management, as the company said in a press release received by Lesprom Network.

  • SITRONICS sells a 25% stake in SITRONICS Smart Technologies to Comvision Rusland

    MOSCOW--(BUSINESS WIRE)--  JSC SITRONICS (SITRONICS) (LSE: SITR), a leading provider of telecommunications, information technology and microelectronic solutions in Russia and the CIS, today announces the sale of a 25% stake in its subsidiary, LLC SITRONICS Smart Technologies (SST), to Comvision Rusland, a component supplier to Mikron since 2007, for the amount of RUB 249 million. As a result of the deal, SITRONICS has got a business partner with external expertise in the field of smart-cards.

  • Ministers of Foreign Affairs of Russia and Bosnia and Herzegovina congratulate each other on 15th anniversary of diplomatic relations

    Minister of Foreign Affairs of the Russian Federation Sergey Lavrov and Minister of Foreign Affairs of Bosnia and Herzegovina Sven Alkalaj on December 26 exchanged congratulatory messages on the occasion of the fifteenth anniversary of the establishment of diplomatic relations between the two states.

  • VeriFone Deployments in Russia Reach 1 Million

    SAN JOSE, Calif., Dec 21, 2011 (BUSINESS WIRE) -- VeriFone Systems, Inc. PAY
    -1.42%   today announced that the millionth VeriFone payment acceptance system in Russia was installed this month in the city of Tyumen by VeriFone International Partner (VIP) INPAS Company together with the West Siberian bank of Sberbank. The one millionth system was installed at Eldorado, the federal network of electronics and home appliances shops.

  • Silver Bear to Pursue Mining Licensein Russia in 2012

    TORONTO, ONTARIO, Dec 21, 2011 (MARKETWIRE via COMTEX) -- Silver Bear Resources Inc. ("Silver Bear" or the "Company") CA:SBR -3.00%   is pleased to announce that it has obtained an extension on its exploration licence for its Mangazeisky Silver Property in Yakutia, Russia. The extension has been granted to December 31, 2012 by Rosnedra, the Russian federal authority that governs access to explore and extract natural resources in Russia.

  • International Monetary Fund (IMF) Mission to Russia releases summary statements

    An International Monetary Fund (IMF) mission headed by Mr. Juha Kähkönen visited Moscow during December 1-8. The team met with Acting Finance Minister Siluanov, Bank of Russia Governor Ignatiev, other senior officials, representatives of the business community, and academics. At the conclusion of the visit, Mr. Kähkönen made the following statement today in Moscow:

  • Russian Biotechnology company NewVac and Agenus Enter into Agreement in the Area of Personalized Cancer Vaccines

    LEXINGTON, MA and MOSCOW, Dec 20, 2011 (MARKETWIRE via COMTEX) -- Agenus Inc.

  • Minister Elvira Nabiullina spoke at the 8th Ministerial Conference WTO

    On December 16, 2011 in Geneva Minister Elvira Nabiullina spoke at the plenary session of 8 th Ministerial Conference WTO dedicated to the accession of the Russian Federation to WTO.

    The conference was chaired by Minister of Trade and Investment of Nigeria Olusegun Aganga.  WTO Director-General Pascal Lamy, Chairman of WTO working group of Russian accession Stefan Johannesson and representatives of WTO member countries participated in the 8th Ministerial Conference.

  • Government Initiatives to Promote General Purpose Test Equipment Market in Russia and the CIS

    Russia and the CIS countries are emerging markets offering long-term potential for general purpose test equipment vendors. Government and private investments in infrastructure development and services are poised to generate new opportunities for test equipment vendors.

  • Russian Prime Minister Vladimir Putin Puts First New Hydro-Power Unit into Operation at Sayano-Shushenskaya HPP

    December 19 2011 First New Hydro-Power Unit Put into Operation at Sayano-Shushenskaya HPP JSC RusHydro (ticker symbol: HYDR; MICEX and LSE, RSHYY; OTCQX) announces that the new hydro-power unit #1 has been put into industrial operation at the Company's Sayano-Shushenskaya HPP. Russian Prime Minister Vladimir Putin turned on hydro-power unit #1 using a remote operating console specially installed in the HPP's generator hall. 

  • Leading Russian Mining Company, Mechel, Announces Launch of Universal Rolling Mill's First Line at Chelyabinsk Metallurgical Plant

    CHELYABINSK, Russia, Dec 19, 2011 (GlobeNewswire via COMTEX) -- Mechel OAO MTL +0.01%   , one of the leading  Russian mining and metals companies, announces the launch of the universal rolling mill's first line -- the blooming concaster #5 at Chelyabinsk Metallurgical Plant's oxygen converter shop.

    The blooming concaster #5 with an annual capacity of one million tonnes is due to supply the universal rolling mill with top-quality continuously-cast billets.

  • Minister Elvira Nabiullina participated in the meeting of foreign trade ministers of BRICS countries

    December 14, 2011, Geneva — Minister Elvira Nabiullina participated in the meeting of the foreign trade ministers of BRICS countries (Brazil, Russia, India, China, and South Africa) held in Geneva and timed to opening of the 8th WTO Ministerial Conference scheduled for December 15—17, 2011.

    The meeting participants adopted a common declaration reflecting the viewpoint of BRICS on the current condition of the global trade system.

  • Expert council on technology innovative special economic zones chaired by Deputy Minister of economic development of the Russian Federation Oleg Saveliev has recently held its meeting

    Expert council on technology innovative special economic zones took place on December 14, 2011 at the Ministry of economi? development of Russia.

    The meeting resulted in granting a resident’s status to companies in technology innovative special economic zones in Tomsk, Dubna and Moscow (Zelenograd).

  • Russian Energy Supplier GSR Energo expanding operations

    GSR Energo supplies heat and electricity to more than one hundred enterprises in the Kolpino industrial region and a residential occupied by 144,000 people.

    GSR Energo is expanding operations with the building of a new, energy-efficient combined heat and power plant (CHPP) with rated generating capacity of 220 mWt of electricity and 153,000 gCal/hour of heat, in order to meet growing industrial demand for power. The MRIF investment will finance some of the project.

  • The Central Europe and Russia Fund Inc. Announces Estimated Amount of Long Term Capital Gain Distribution

    The Central Europe and Russia Fund, Inc. (NYSE: CEE) (the "Fund") announced today that the estimated amount of its annual long term capital gain distribution is $2.10 per share. The distribution will be paid in stock except that any stockholder may elect to receive such distribution in cash. The final amount of the distribution, along with the amount of a dividend from net investment income and applicable ex-date, record and payable dates will be announced in December 2011. The Fund does not expect to distribute any short-term capital gains.

  • VimpelCom Appoints Anton Kudryashov Head of Russia Business Unit

    AMSTERDAM, Dec. 15, 2011 /PRNewswire via COMTEX/ -- VimpelCom Ltd. ("VimpelCom" or "the Company") VIP +0.63%   announced today that Anton Kudryashov will join VimpelCom, effective January 16, 2012, as Head of the Russia business unit and General Director of OJSC VimpelCom, and as a member of the Management Board of VimpelCom. Mr. Kudryashov joins the Company from CTC Media CTCM +0.53%   , where  he served as Chief Executive Officer.

  • Russian Deputy Foreign Minister Vladimir Titov Holds Consultations in Finland

    Russian Deputy Minister of Foreign Affairs Vladimir Titov held a meeting in Helsinki with Finland’s Minister of Foreign Affairs Erkki Tuomioja and Secretary of State of the Finnish MFA Pertti Torstila on December 12.

  • Capstone Turbine Corporation and BPC Engineering Execute MOU With Tatneft Oil for 16.2MW of Associated Gas to Energy Projects in Russia

    Capstone Turbine Corporation ( www.capstoneturbine.com ) CPST +4.00%   , the world's leading clean-technology manufacturer of microturbine energy systems, today announced it has executed a Memorandum of Understanding (MOU) with BPC Engineering and Tatneft Oil to purchase 38 microturbines totaling 16.2MW for multiple associated gas to energy projects in Tatarstan, Russia. In addition, the agreement includes an option for an additional 20MW under the same terms and conditions if ordered by Tatneft before December 31, 2012.

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