Today in Russian Business

A new survey by PricewaterhouseCoopers says that Moscow and Istanbul real estate investment returns are likely to surpass Paris and London, with faster growth in emerging markets pushing up rents and fueling demand for property. Raven Russia, the UK owner of Moscow and St. Petersburg warehouses, said earnings almost tripled last year on increased property value. Russian television company CTC Media has agreed to buy DTV Group from its shareholder, Sweden’s Modern Times Group, for around $395 million, hoping to increase its exposure to the Russian TV advertising market. Shareholders of Lebedyansky, Russia’s biggest juicemaker, were offered $2.2 billion to $2.3 billion for a 77% stake by an unidentified bidder. Railway Stations, a subsidiary of state-owned Russian Railways, or RZD, said it would launch “more than 30 pilot projects for the reconstruction and modernization of stations across Russia.”