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Pages 1 - 20 of 28
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Top-Earning Cop Made 9 Times More Than Nurgaliyev in 2011

The Moscow Times

... home and a 31.6-square-meter home and he owns a 128-square-meter apartment together with his wife, according to police income declarations published Wednesday on the Interior Ministry's website. He also owns an Audi A6 automobile. He said his wife earned 6 million rubles and owns a 100-square-meter apartment. According to the income declarations of Cabinet officials published last month, Nurgaliyev made 3.1 million rubles last year, while his wife made just over 1 million rubles. The division Grigorov...

Gazprom Earned $45Bln in 2011 as Tax Man Looms

Reuters

Gazprom earned nearly $45 billion last year, up 35 percent and beating market expectations thanks to rising production and prices — figures that show why it has become such a tempting tax target. Gazprom earned nearly $45 billion last year, up 35 percent...

Security Chiefs Lack Private Transportation

Vedomosti

... Intelligence Service and the Federal Guard Service — have declared their incomes for 2011, and, in contrast to other government officials, most don't own vehicles and are the main breadwinners for their families. The head of the FSB, Alexander Bortnikov, earned 4.6 million rubles ($158,000) in 2011 — about the same as he earned the previous year. According to his public declaration, his personal property consists of a 99-square-meter apartment, a garage and two parking spaces. His wife earned 150...

RusAl Q1 Down 84%

Reuters

... restructuring, and shareholder and billionaire Viktor Vekselberg urged Deripaska to sell the Norilsk stake, now worth $7.9 billion based on Reuters calculations. Net debt rose 0.7 percent to $11.13 billion at the end of March from December, RusAl said in its earnings statement. The company said it has no outstanding debt obligations this year. In addition to the dispute over Norilsk, Vekselberg, who resigned as chairman in March, is challenging a large aluminum supply deal with a third RusAl shareholder —...

Low State Salaries at Heart of Doctor Deficit

By Peter Spinella / The Moscow Times

... promised in March that doctors' salaries will double regional averages by 2018. But such monetary incentives often pale in comparison to what can be made at a drugmaker in Moscow or a clinic in Europe. "In France, a doctor working at a hospital earns 7,500 to 10,000 euros [$10,000 to $13,000] a month," Caroline Galliaerde, CEO of recruitment and executive search company Brainpower in Russia and the CIS, said by e-mail. "Highly professional specialists earn even more." A marketing...

Izhmash Looks to Cash In on Kalashnikov Name

The Moscow Times

The producer of the Kalashnikov assault rifle is looking to acquire the rights to the famous name from the Kalashnikov family with hopes to earn money selling high-tech products and branded merchandise bearing the name. The producer of the Kalashnikov assault rifle is looking to acquire the rights to the famous name from the Kalashnikov family with hopes to earn money selling high-tech...

Sberbank Profit Up 14% in 4 Months

Reuters

... growth in the lender's loan book. The bank said Thursday that net profit in January to April rose to 127.3 billion rubles ($4.2 billion), from 111.2 billion rubles in the same period last year, on the back of strong core operations. Sberbank, whose earnings under local accounting standards are seen as an indicator of its performance under international standards, said its net interest income was up by almost 27 percent year on year, while net fee and commission income rose 22.2 percent. The lender...

Putin Congratulates New Hockey World Champions

The Moscow Times

Russia's hockey team blasted its way past Slovakia's goalkeeper in the 2012 IIHF World Championships to earn a 6:2 victory and a telephone call from President Vladimir Putin, who was eager to heap praise on the team. Russia's hockey team blasted its way past Slovakia's goalkeeper in the 2012 IIHF World Championships to earn a 6:2 victory and a telephone...

'Russia's Rambo' Killed in Motorbike Accident

The Moscow Times

A decorated war hero who had survived almost every major military campaign of Russia's modern history, earning him the moniker "The Russian Rambo," was mourned with honors Monday after being killed in a motorcycle accident. A decorated war hero who had survived almost every major military campaign of Russia's modern history...

Rostelecom Dials Up Broadband, TV

By Rachel Nielsen / The Moscow Times

... of strategies that are continuing this year. Rostelecom posted a 7 percent increase in revenue and a 47 percent increase in net income for 2011, ramping up television and Internet services as part of strategies that are continuing this year. In an earnings statement released Friday, Rostelecom said revenue for last year was 296 billion rubles ($10.1 billion) and net income was 46.1 billion rubles. The uptick in overall revenue came from corporate-subscriber and government-subscriber revenue, as...

Research — Russian Business Process Outsourcing Market

By Olga Kapralova / Intercomp Global Services

... accountancy outsourcing sector was quite small. Few companies offer such services, and only about a dozen provide such services on a large scale. The first research on the matter covered about 80 companies specializing in accounting outsourcing whose total earnings amounted to 32 billion rubles in 2009. The next year, the Russian BPO market demonstrated a 13 percent growth and the total earnings of surveyed companies amounted to 3.8 billion rubles. In 2011, according to the results of the last Expert RA...

Sberbank Crowned Most Valuable Russian Brand Globally

By Lena Smirnova / The Moscow Times

... in 85th position. The findings are part of the seventh annual Top 100 Most Valuable Global Brands rating that Millward Brown Optimor published Tuesday. The rating measures brand value based on a combination of the brand's contribution to corporate earnings and expected future earnings. The research covers more than 50,000 brands in more than 30 countries. The value of Sberbank's brand is pegged at $10.6 billion, while MTS has a $9.5 billion brand value. The bank's progress on the ranking is partially...

How to De-Spook Investors

By Chris Weafer

... directly exposed to the relatively fast growing domestic economy are trading at an average discount of 26 percent compared with global emerging market peers. This is despite the fact that Russian stocks in this market segment are expected to show average earnings growth of 17 percent for the next year versus 10 percent growth among emerging markets. The memory of 2008 is very vivid and serves as a red flag to investors. The RTS Index hit a record high of more than 2,500 in May of that year, only to collapse...

Dissecting the Ministry That Shoigu Built

By Alexander Bratersky / The Moscow Times

... Shoigu, speaking to The Moscow Times, said the complaints should not be "driven to absurdity" because the SUVs only accounted for 1.5 percent of all vehicles purchased by the ministry. Shoigu's two-decade stewardship of the ministry has also earned him praise from American colleagues, who have worked with him during relief operations around the world. "He was an enlightened and experienced partner," said Jess Bratton, a senior international affairs specialist with the U.S. Federal...

GAZ 2011 Net Soars

... 2011 to 8.5 billion rubles ($274.87 million) and expects to achieve similar financial results in 2012, the company said Thursday. The van maker forecast in November that full-year 2011 net profit would come at 3.5 billion to 4.0 billion rubles after it earned 2.1 billion rubles in net profit in 2010. A revival in demand after the 2008-09 crisis drove revenues up 37 percent year on year to 132.4 billion rubles, while EBITDA increased 64 percent to 13.97 billion rubles. According to the Association for...

Summa Reported to Buy FESCO

Reuters

... to branch into agricultural commodities. FESCO's asset portfolio includes a seaport in Vladivostok and a shipping fleet, railroad company Russian Troika and 21 percent of state-controlled rail group Transcontainer. The deal follows a slump in FESCO's earnings last year to $19 million despite 29 percent growth in revenues to $1.03 billion. Generalov became a seller after failing to secure control over Transcontainer, whose majority owner, state-owned Russian Railways, asked the government last year...

U.K. Prince Received Half Million Dollars From Berezovsky

The Moscow Times

... queen, who paid rent for his Kensington Palace home, which costs £100,000 per year. He has also faced allegations of using his title to attain free trips and supplement his income. Unlike other members of the royal family, the prince does not earn money from public funds. Prince Michael of Kent is the grandnephew of Tsar Nicholas II. He is fluent in Russian, regularly travels to Russia and is a patron of numerous charitable foundations that support Russian culture and education. 179742

Companies in Airline Sector Report Growth

The Moscow Times

... toward dividend payments. This would amount to 1.9 billion rubles, or 1.81 rubles per share. The year was a record one for Russia's largest airline, which carried more than 14 million passengers on its flights and gathered 10.4 billion rubles in net earnings. Passenger rail service Aeroexpress saw its net profit increase 170 percent to 720 million rubles in 2011, signaling another positive development for companies working with the airline sector. "The relative stability of Russia's economy...

Car Used by Top Road-Safety Cop in Moscow Crash

The Moscow Times

... The Zhiguli driver said the traffic police officers, on order of their boss, offered to pay for his car repairs out of their own pockets to "remove all questions" about the accident. He said the officers laughingly told him that they would earn back their money on Kutuzovsky Prospekt, presumably meaning they would extort bribes from drivers. 179742

Only 2 Percent Believe Government Income Declarations

The Moscow Times

... by the Levada Center shows only two percent of people believe officials disclose all sources of income. The latest official income statements for cabinet members showed Deputy Prime Minister Alexander Khloponin sold some shares to become the highest-earning cabinet member, with an income of 484 million rubles ($16.37 million) last year. Prime Minister Vladimir Putin was near the bottom of the list, with a comparatively meager 3.7 million rubles, and Energy Minister Sergei Shmatko — who oversees...

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