My profile:
Russia Ranked No. 1 For Economic Crime
By Alex Anishyuk
Of 86 companies surveyed in Russia, 71 of them — 82.5 percent — said they had been subjected to at least one major economic crime in the past 12 months, according to a report released by PricewaterhouseCoopers.
Putin Wants Mortgage Rates Not to Exceed 11%
The Moscow Times
The Mortgage Lending Agency last week put the average fixed mortgage rate in dollars at 14.8 percent, while the average fixed rate in rubles was 18.1 percent.
OECD Upgrades Outlook
Bloomberg
Gross domestic product of the world’s biggest energy producer will expand 4.9 percent in 2010, compared with a June forecast for 3.7 percent growth, the OECD said.
Auto Giants Strengthen Ties
Reuters
Kogogin agreed earlier this year to head a proposed holding company for government stakes in both Kamaz and AvtoVAZ controlled by Russian Technologies — a huge state conglomerate with interests in aviation and defense as well as autos.
Economy Recovery Continues, but Fragile
Reuters
Russia was hit in the second half of 2008 by a slump in oil and commodity prices, investor flight from emerging markets and the global credit crunch.
Government.ru
VEB Keeps Mum on RusAl ‘Decision’
By Irina Filatova
RusAl plans to raise capital by placing 10 percent of its shares in an initial public offering on the Hong Kong Stock Exchange.
- Moody's Sees VTB, Sberbank Loan Losses up to 27%
- Putin, Tymoshenko in Yalta for Gas Talks
- Kudrin Says VEB Switch Not Costly
- Bank Loses License After Fund Racket
- Severstal Posts $66M Profit On Strong Domestic Mills
- Ruble Eases After Central Bank Rhetoric
- BA Wins in Dispute on Tax Evasion
- RusAl Says It Has No Debts on Dam
- Barsky to Take Over TNK, But Not Until ’11
- Norway Fund Divests From Norilsk Nickel
- MIB’s License Gets Pulled Following Investigation
- LUKoil to Focus on Cash for Share Buy Backs
- Severstal May Reopen U.S. Plant Due to Demand Rise
- Polyus Stake to Be Sold Off
- Speculation of Shtokman Delay Not Refuted
- MMK Sells $170M in 3-Year Bonds
- X5 to Spend on Expansion in 2009
Court Ruling Shelves Death PenaltyBy Alexander Bratersky
While public opinion on the matter remains mixed, the Kremlin and government have both said they do not want executions to resume, and praise flooded in from human rights groups.
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CMS announces new Head of Real Estate in RussiaCMS, one of the leading international law firms in Russia, is pleased to announce that Vladislav Sourkov has been appointed as the new Head of Real Estate group in CMS Moscow office as of 1 January 2010.
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Employers of TomorrowPricewaterhouseCoopers
The economic downturn has encouraged a knee-jerk reaction that concentrates on short-term savings.
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