Sberbank President German Gref, has warned the Russian Government about the major challenges for continued growth in the country. Gref says the bank along with World Economic Forum members have outlined 12 priorities in which Russia needs change. “The top priority is the quality of work of the institutions such as, law enforcement agencies setting [...]
Tag: investment
December 2, 2011
November 23, 2011
Railway Still Looking for Middle Eastern Projects
Railway Still Looking for Middle Eastern Projects By Irina Filatova The St. Petersburg Times Published: November 23, 2011 (Issue # 1684) MOSCOW — Russian Railways is seeking to enter into new projects in the Middle East, despite the losses it has faced in restive Libya, Vladimir Yakunin, chief executive of the state-run monopoly, said Saturday. “We are seeking the possibility to penetrate into the [...]
November 20, 2011
Renovation of All-Russia Exhibition Center could reach $1.5 billion
Approximately $1.5 billion in investment is needed for the renovation of the All-Russian Exhibition Center (VVTs) in Moscow, the head of the center said on Friday. “The approximate investment amount is $1.5 billion,” Alexei Mikushko said. “We are considering the establishment of the hotel sector out of range of historic buildings. He also said they [...]
November 2, 2011
Russian firms ‘most likely to bribe’ says Transparency survey
Russian companies are the most likely to pay bribes while doing business abroad, according to the latest Bribe Payers Survey released by anti-corruption watchdog Transparency International on Wednesday. The 2011 Bribe Payers Index ranked 28 of the world’s largest economies according to the perceived likelihood of companies from their countries to pay bribes abroad. The [...]
October 28, 2011
More Disney for Russians
Walt Disney is buying a 49% stake in Russian free-to-air television channel Seven TV – the biggest ever investment into the country’s media market. Seven TV will be rebranded as The Disney Channel, perhaps as soon as the end of the year. The new family-oriented channel will reach 75% of Russian viewers – about 40 million [...]
October 26, 2011
October 8, 2011
Medvedev bemoans Russia’s investment climate
Russian President Dmitry Medvedev said on Saturday the country’s investment environment is still woeful and needs to be improved as a matter of urgency. “I think that our investment climate is bad. We have plenty of achievements but as for the investment climate, it is bad,” he said at a meeting with ruling United Russia [...]
September 16, 2011
Russia respects rating agencies but they make mistakes says Putin
Russia listens to rating agencies’ assessments, but some of its criteria, like the impact of malaria on local business seems weird, Prime Minister Vladimir Putin told reporters on Friday. “Of course, we must admit that risks and uncertainties of our business climate are still very high, unfortunately. You can treat international ratings differently, they make [...]
September 16, 2011
In the spotlight of the Sochi-2011 investment forum: Vladimir Yakunin
In the spotlight of the Sochi-2011 investment forum: Vladimir Yakunin Published: 16 September, 2011, 12:44 Vladimir Yakunin (32.0Mb) embed video TAGS: Investment, Russia and the global economy, Corporate news, Roads, Infrastructure, Big deal With 35 countries meeting in the Black Sea resort of Sochi and all looking to put money into Russia, Business RT spoke [...]
September 16, 2011
Three years after Lehman Brothers, have we learned anything?
September 15 marks the three-year anniversary since Lehman Brothers, the fourth largest investment bank in America, declared bankruptcy. A global financial crisis erupted in part from the aftermath of Lehman Brothers going under, and as the world looks at recession three years later, has anything changed? In the last three years, bank have only become [...]
September 15, 2011
Putin Pledges Billions to Uralvagonzavod
Putin Pledges Billions to Uralvagonzavod By Anatoly Medetsky The St. Petersburg Times Published: September 14, 2011 (Issue # 1674) MOSCOW — A fan of military hardware, Prime Minister Vladimir Putin climbed inside a battle tank at a weapons exhibition in Nizhny Tagil last Friday, before promising 64 billion rubles ($2.2 billion) to state-owned Uralvagonzavod — the country’s largest producer of railcars and armored vehicles. The promised [...]