Tag Archives: Business

Out of all the BRICs, Goldman Sachs’ Jim O’Neil has good things to say about Russia at the moment.  Sberbank will be the only Russian bank to help arrange the initial public offering of telecoms company MegaFon.  The Moscow Times reports on the bountiful road construction contracts Mostotrest, run by Putin’s close friend and judo [...]

Bloomberg describes how the Greek exit from the euro could send Russia into a financial quagmire.  Russia’s economy would apparently shrink 2.1% in a worst-case scenario, with as much as $95 billion in capital leaving the country in the event of the ‘Grexit’, says the chief economist at Sberbank.  President Putin has ordered the government [...]

First Deputy Chairman Alexei Ulyukayev has told the press that Russia’s economy may expand faster than the government estimates this year, as the country proves relatively insulated against the euro-region debt crisis.   The OECD believes now is no time for Russia to rest on its laurels, despite giving it a higher forecast for GDP [...]

Russia’s biggest vanmaker, Deripaska-controlled GAZ, has seen an impressive four-fold rise in net profit in 2011 to $274.87 million and is hoping to achieve financial results on a par in 2012.  State airline Aeroflot has recorded a near doubling in net profit in 2011 to $491 million.  The Economist examines the Russian Internet market, which [...]

Bloomberg reports on how the threat of a crackdown on the protest movement is spooking international investors.  Citibank sees a decline in income from oil and an ongoing protest movement as threats to Russian economic stability over the next few years, says the Moscow Times.  It has been found that Russia extended financial aid to [...]

Russia’s economy apparently manifested strong growth in the first quarter, at 4.9%, significantly surpassing forecasts.  ‘But with the EU as its biggest export customer, Russia may not able to sustain this growth pace in the face of a possible eurozone-wide recession’, says the FT.   Opposition leader Alexei Navalny has apparently initiated an innovative new venture [...]