By Citizen M | Published: October 19, 2010
According to Prime Minister Vladimir Putin, the government
doesn’t discern between Russian and foreign business, seeking ‘
comfortable conditions for everyone‘. Putin has indicated that any privatization of state companies would be contingent on
bespoke investments in technology and talent: ‘
Russia needs direct, private foreign investment. Not just capital, but also so-called ‘smart investments,’ or input accompanied by the transfer of technology with the creation of new high-tech and well-paying jobs.‘ Russia’s real estate market is
showing signs of recovery, although the volume of foreign deals remains low, says the Moscow Times. Copies of i, a new British daily newspaper started by Russian billionaire Alexander Lebedev (who also owns The Independent),
will go on sale next week. PepsiCo is looking to spend $140 million on its
tenth Russian plant. A 25% increase, year-on-year, in
money transfers from Russia to Armenia is apparently having a ‘
positive impact on the Armenian economy‘. Retailer O’Key is anticipating that it will raise
up to $491 million in a London IPO.