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Invest In Russia News

  • Central Europe and Russia Fund Inc. : 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.

  • Central Europe and Russia Fund Inc. : 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.

  • Mirae Asset Global Investments Issues White Paper: Seven Reasons to Consider Investing in Emerging Markets

    In this time of great uncertainty in the global markets and sustained slow growth among developed nations, Mirae Asset Global Investments today announced the release of their latest white paper outlining seven key observations about the potential advantages of investing in emerging market economies.

  • North-West Branch of Sberbank of Russia is not inferior to world standards

     Many have heard that the North-West Branch of Sberbank of Russia 's largest rented an office in St. Petersburg . That in itself deserves respect. However, the bank's management was guided in choosing just the office complex in "Pulkovo Sky" by the famous international company EKE Group?

  • Kazakhstan: Government announces purchase of wheat, three cells at $ 100

    JSC "NC" Food Contract Corporation "(Corp.) announces purchase of 3 class wheat harvest in 2011 to 3 million tons of commercial resources, the press service of the department. "Corporation announces purchase from December 1, 2011 of Triticum aestivum L. Class 3 Harvest in 2011 to 3 million tons of commercial resources in terms of payment upon delivery to Akmola, Kostanai and North Kazakhstan regions "- underlined in the message.

  • Russia eyes Qatar’s proficiency in LNG

    Russia's Energy Minister Sergei Shmatko says, he wants to pace up the agreement which will see Qatar play a part in the construction of a Liquefied Natural Gas (LNG) plant on the Yamal Peninsula in Russia's Western Siberia.

  • Qatar shows interest in, Russia’s Novatek

    Gas-rich Qatar is interested in buying a stake in Russia's biggest independent gas producer Novatek. 

  • Walt Disney And UTH Russia To Launch An Ad-Supported Free-To-Air Disney Channel In Russia Early Next Year

    The Walt Disney Company and UTH Russia, one of the country's fastest growing media companies, announced that the two companies will launch an ad-supported free-to-air Disney Channel in Russia early next year. The broadly-distributed channel will appeal to families throughout Russia by featuring Disney's popular signature programming, as well as original Russian content.

  • Basic Element, Sberbank Investments and Changi in JV to invest and develop Russian airports

    Basic Element Group, LLC Sberbank Investments, a subsidiary of Sberbank, and Changi Airports International (CAI) have signed a memorandum of understanding (MOU) to form a joint venture to invest in and develop airports in Russia, Sberbank announced Monday.

    Basic Element will hold 50% plus one share, CAI will hold 30% and LLC Sberbank Investments will hold 20% minus one share in the joint venture.

  • NMDC Likely To Bid For 100 Per Cent Stake In Russia's Vincy Coal

    The Times of India Sunday reported NMDC may put up a bid for Russia’s Vincy Coal in a matter of days. NMDC is keen to acquire 2-3 properties overseas by year-end. The Russian move is likely to be for 100 per cent stake of Vincy Coal.

    A source close to the development told Times of India that NMDC will likely make its bid by November 1. Vincy Coal is estimated to have coking coal reserves of 70-100 million tones. The company’s board is expected to meet this week before the bid is made, said the report.

  • AMIC To Acquire Russian Specialist Producer and Seller Of Stable Isotopes

    Advanced Medical Isotope Corporation (AMIC), a company engaged in the production and distribution of medical isotopes, has engaged Global TechInnovations (GTI) for assistance in acquiring a Russian company that specializes in the production and sales of stable isotopes and critically needed industrial as well as radioactive isotopes used for medical diagnostic and therapeutic uses.

    With a broad base of clients worldwide, including key alliances and production capabilities, AMIC anticipates executing definitive documents prior to year-end.

  • Russian Railways To Construct Russia's First Hybrid Locomotive Sinarahybrid

    Russia Railways announced it had agreed terms for construction of the country’s first hybrid locomotive. Valentin Gapanovich, Senior Vice-President of Russian Railways, agreed the technical terms of reference during the development stage of the TEM9H SinaraHybrid, a shunting locomotive with a hybrid engine.

    The project to develop Russia’s first hybrid locomotive is being undertaken by the engineering company Innovation Development Centre CTM, which is part of Sinara-Transport Machines.

  • Barclays Plc Sells Its Russian Retail and Commercial Banking Operations

    Barclays Bank PLC announced Wednesday the sale of its Russian retail and commercial banking operations, Barclays Bank LLC, to investors including Igor Kim, one of Russia’s leading bankers.

    The transaction follows Barclays announcement on 15 February 2011 of its intention to sell Barclays retail and commercial banking operations in Russia.

  • Mobile Telesystems Acquires Tatarstan’s Leading Provider of Cable TV and Fixed Broadband Services

    Mobile TeleSystems OJSC (MBT), the leading telecommunications provider in Russia and the CIS, announced it has acquired 100% stake in OJSC “Teleradiokompania”TVT” (TVT) from a group of investors.

    TVT is a leading provider of cable TV and fixed broadband services in the republic of Tatarstan with presence in 15 cities. This acquisition allows MTS to strengthen its leadership position in Tatarstan and enter the market of pay-TV, broadband and fixed telephony services in the region.
     

  • Siemens AG and partners to invest €1 billion in Russia

    Siemens AG intends – together with its partners – plan to invest €1 billion in Russia over the next three years. The investment was announced in Moscow by Peter Löscher, President and CEO of Siemens AG at the annual meeting of the Foreign Investment Advisory Council chaired by Russian Prime Minister Vladimir V. Putin.

  • Nanostart AG Acquires Licensed Asset Management Company in Russia

    Germany’s Frankfurt-based nanotechnology investment company Nanostart AG announced Friday it acquired a Russian licensed asset management company. The acquired firm will trade as Nanostart Russia Asset Management Ltd in future.
     
    The purchase is for a price consideration of €2.4 million, and has been paid in cash. The establishment of Nanostart Russia serves to fulfill the main regulatory conditions for Nanostart’s market entry in Russia as a fund manager in the area of venture capital. The company is domiciled in Moscow with an office in Perm.

  • LUKOIL and GAZ Group Sign Cooperation Agreement

    OAO LUKOIL and GAZ Group signed a co-operation agreement in Nizhny Novgorod that will see the companies jointly work on a number of issues.
     
    Under the document, GAZ Group will purchase fuels, lubricants and petrochemicals manufactured by the LUKOIL Group entities using the price formulas based on market markers.

    LUKOIL’s products will be used by GAZ Group in the first automobile priming in an assembly line and will be recommended for use with GAZ Group’s equipment in the automobile after-sales service.

  • Nestlé expands its soluble coffee factory in Timashevsk, Russia

    Nestlé Tuesday announced it has completed a CHF 240 million expansion of its soluble coffee factory in Timashevsk, Russia. Located in the Krasnodar region, the site is Nestlé’s largest soluble coffee factory in Europe. It is also the company’s biggest investment project in Russia so far.

    The factory uses advanced freeze-dry technology to make Nescafé coffee products for consumption in the Russian market and for export to other Commonwealth of Independent States (CIS) countries.

  • VimpelCom Extends Value Sharing Agreement with Weather Investments II

    VimpelCom Ltd, a leading global provider of telecommunications services, Tuesday announced that it has agreed with Weather Investments II S.a.r.l. (Weather II) to extend to November 15, 2011 VimpelCom’s option to enter into the value sharing arrangement with Weather II with respect to Orascom Telecom Algerie.

  • Sberbank acquires 100 per cent stake of Insurance Company Allianz Life

    Sberbank of Russia Monday announced the signing of an agreement with the insurance company Allianz Life and ZAO “Insurance Shareholder Company “Allianz” for the acquisition of OOO “Insurance Company Allianz Life” (IC Allianz Life).

    The transaction involves acquisition of 100% of share capital in IC Allianz Life. The current shareholder of the Company is ISC “Allianz”.

    The parties agreed to close the transaction before the end of 2011. The price of the transaction is not disclosed.
     

  • MegaFon launches unique Content Delivery Network in Russia

    Russia’s major telecoms company, MegaFon, recently launched into operation a unique, one of its kind Russia network for content delivery. The company is targeting providing access to global content resources for the Russian market.
     
    According to MegaFon, one of the practical applications of the project rolled out on the base of CDNetworks solution will be live streaming of the 2014 Winter Olympic Games from Sochi to the rest of the world.

  • Unilever acquires majority stake in Russia’s leading beauty company

    Unilever Friday announced the acquisition of a majority, 82% stake in Russia’s leading beauty company, Concern Kalina. The transaction, which is pending required regulatory approvals, values the equity of the total business at RUB 21.5 billion (€ 500 million). Unilever is one of the world’s leading consumer goods companies.

  • China Development Bank (CDB) agrees to $1.5 billion financing for Taishet aluminum smelter

    China Development Bank is to invest an estimated U.S. $1.5 billion financing for the first stage of Russia’s Taishet aluminum smelter in the Irkutsk Region. The Chinese bank reached a partnership agreement for the investment with Russia’s state owned Vnesheconombank (VEB).

    On behalf of Vnesheconombank the Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and on behalf of CDB – by Executive Vice President Mr. Gao Jian.

  • China's sovereign-wealth fund to invest $1 billion in Russian Fund

    China Investment Corp., the Chinese sovereign wealth fund, is to invest around $1 billion in a Kremlin-backed Russian fund, the Wall Street Journal reported Wednesday. The Chinese will invest the amount in an existing Russian investment vehicle.

    The agreement was reached between Russia’s Prime Minister Vladimir Putin and China's Wen Jiabao during a meeting in Beijing. However, the countries are still engaged in long standing negotiations over planned natural gas pipelines, said the Dow Jones.

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