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Sharonov Examines City's Financial Center Future

By Howard Amos / The Moscow Times

... ever rival London or New York.    Sharonov divided the Moscow as an International Financial Center initiative, or MIFC, into three key focus areas: fundamentals (from rule of law to the general investment climate), creation of a specialized financial infrastructure and quality of life. City Hall, he said, had the biggest contribution to make to quality of life issues, while the other areas largely fell under the purview of the federal government. "If we create a brilliant investment climate,...

PPPs in Russia: In Search of a Balance Between Public and Private Interests

By Alexander Yerofeyev / Ernst & Young

Public-Private Partnership (PPP) infrastructure development projects in Russia are no longer a theoretical concept, but a reality: Three major projects have already reached financial closing (M-1 and M-10 roads and Pulkovo Airport), and a few more are under way. These pilot projects...

LUKoil and Bashneft Link

... bought a 25 percent stake in the project to develop the Trebs and Titov oil fields in northern Russia from Bashneft, expects the deposits to produce 228 million barrels of crude over the next decade, deputy chief executive Leonid Fedun said Monday. The infrastructure developed at Trebs and Titov will help LUKoil develop its smaller licenses in the region, he said. "Thanks to this project we can successfully start production at fields located near Trebs and Titov," Fedun said. "There are...

Arctic a Road to Promise for Russian Shipping

Reuters

... Siberia coast is an integral part of that plan. It could also promise economic revival for Russia's ports and shipyards, struggling since their Soviet-era glory days. But industry analysts and mariners say ice floes, narrow straits, shallow waters, poor infrastructure and stormy winters continue to loom as obstacles to safe and profitable shipping through the polar shortcut. "We must develop the Arctic!" said Fazil Aliyev, a sea captain and owner of the tanker that voyaged to Alaska. "It...

Wrightson, John

<table cellspaceing="5" cellpadding="5" border="0"> <tbody> <tr><td><b>Last position:</b></td><td>Infrastructure Consolidation manager</td></tr> <tr><td><b>Experience:</b></td><td>15</td></tr> <tr><td><b>Citizenship:</b></td><td>United Kingdom</td></tr>...

Goltsblat BLP

... FIRM'S OIL&GAS AND ENERGY PRACTICE AND ITS RUSSIAN OFFER TO CLIENTS. This appointment is in response to the increased demand by Russian clients and those investing in Russia for high-quality finance advice, in particular in oil & gas, energy and infrastructure sectors. Most recently Andrei represented Gazprom in connection with the South Stream Gas Pipeline Project; Trans-Balkan Pipeline B.V. in connection with the construction and project financing of the Burgas-Alexandroupolus cross-border...

Rublyovka Express Coming

By Roland Oliphant / The Moscow Times

... 2013. "It was partly the Moscow city government's idea as a way to ease pressure on the road network," a Russian Railways spokesman told The Moscow Times by telephone. Russian Railways has agreed to spend 1 billion rubles ($32 million) on infrastructure for the service, including a new terminal building at the station and laying a new third lane of tracks from Belorussky Station as far as Rabochy Posyolok, just inside the Moscow Ring Road. The rest of the line will continue to be served...

Universal Card Held Off Another Year

By Olga Solovyova and Natascha Kearsey / Special to The Moscow Times

... year and that this year will be spent organizing the places that will receive applications for the card. Application sites are expected to be set up at post offices, banks, commercial centers and other locations. A ministry spokesman confirmed that infrastructure for the project is just beginning to be created, and only four out of 83 regions having begun work on it. "The delay in starting the project is related to issues around interagency cooperation and underdeveloped infrastructure in some...

Hints Emerge That 'Reset' Is Buoying U.S. Firms

By Anatoly Medetsky / The Moscow Times

... agency’s website, Export.gov/russia . Ron Pollett, president and CEO of GE in Russia and the CIS, which works with the U.S. Commercial Service, praised the reset as a boon to his corporation’s local businesses, which include technology infrastructure, energy infrastructure, financial services and entertainment. “In short, it has helped us a lot,” he said in an interview in November, two months after GE announced that it was expanding here with multibillion-dollar deals to...

Growth Spots: Private Equity Market in 2011

By Vladimir Lupenko / Financial Consulting Group (FCG)

... be looking for a suitable investment exit strategy given that a five-year investment term is drawing to a close and funds need to return the money to investors. We are also witnessing an increase in the interest shown by private equity funds in the infrastructure sector (logistics, transport, power generation, utilities). Investment in this sector tends to be more capital intensive and have a lower yield compared with the industries traditionally favored by private equity funds for investment. This...

Alstom Gets $500M Order

... Siemens' announcement four months ago that it would abandon a planned return to the nuclear power industry and drop plans to cooperate with Rosatom in reactors. The French company is forging partnerships in countries such as Brazil and Russia to tap rising infrastructure needs. (Bloomberg)

Transneft Investigated

... Putin a list of top managers who had left FSK, the traded power transmission firm, as well as the power grid firm MRSK, and said a number of criminal cases had been launched. "Probes into similar cases with regard to some others among the largest infrastructure firms, such as Transneft, have been initiated," Sechin told Putin, according to a transcript of his remarks posted on the government's web site. (Reuters)

Voronezh: A Former Fortress That Keeps Bouncing Back

... Godunov. Almost 100 years later, the locals supported another anti-tsar uprising led by Stepan Razin. For MT Sergei Koliukh, Mayor Q: What attracts investors to Voronezh? A: The city has many competitive advantages: its location, a well-developed urban infrastructure, a large labor force with various skill levels, a diversified economy, and a vast scientific, technological and industrial base. Rainer Hartmann, the chairman of the Association of European Businesses, says the region meets all the criteria...

Moskva-City to Have 2 New Metro Stations

Vedomosti

A metro transfer hub will be built at the Moskva-City business center, according to the press service of the city's construction department, citing the vice president of Ingeokom. A metro transfer hub will be built at the Moskva-City business center, according to the press service of the city's construction department, citing Sergei Kidyayev, vice president of Ingeokom, the main contractor for the construction of the Khodynskaya and the Kalininsko-Solntsevskaya lines. ...

Putin Wants Criminal Charges for Employers of Illegal Migrants

The Moscow Times

..., the prime minister said. Putin also reiterated a proposal he made in an article published Monday, in which he wrote that migrants wanting to work in Russia should have to pass exams on Russian language and culture. He said Thursday that the proper infrastructure should be built in countries with migrants wanting to come to Russia, to help them gain the necessary knowledge and qualifications to emigrate. "This includes the creation of so-called pre-migration preparation centers, which include...

City Urges Early Car Inspections As New Procedure Is Introduced

The Moscow Times

... technical inspection stations are April and May. We appeal to motorists not to make life difficult and get down there as soon as possible," said Maxim Likustov, head of City Hall's department for transportation and development of road-transportation infrastructure, at a news conference Thursday. Meanwhile, deputy Moscow traffic police chief Vladimir Tomchak said there should be no problems with documentation at inspection points in the capital. Long lines at police-regulated technical inspection...

President and Mayor Discuss City Expansion

The Moscow Times

Everyone will win from the merger of Moscow and the Moscow region, President Dmitry Medvedev said at a recent meeting with Moscow Mayor Sergei Sobyanin. GORKI, Moscow Region — Everyone will win from the merger of Moscow and the Moscow region, President Dmitry Medvedev said at a meeting with Moscow Mayor Sergei Sobyanin on Tuesday, Interfax reported. “Not everyone has an understanding of what will come from it. But everyone should win as a result of this decision, Muscovites should win...

70 Delays in 400 Sochi Projects Called 'Not Major'

The Associated Press

... there are 400 venues that have to be constructed and 70 of them isn't such a huge delay. Basically, all these venues are built. The delays are related to some paperwork." "In the end, I think we'll finish everything in time. Speaking about the infrastructure, we don't have any concern whatsoever. My main concern is the success of our Russian sportsmen. It's going to be a huge regret if our own sportsmen don't perform to their best." The International Olympic Committee warned Russian officials...

Transportation Ministry Drafts Minimum Railcar Requirement

The Moscow Times

... of prohibiting [smaller operators from working]," Russian Railways vice president Salman Babayev said in October. "Many of these companies operate very profitably, they cover certain regional segments and some of them even try to invest in infrastructure development of their clients' transport complex. So this problem cannot be resolved administratively. You can't deprive people of their businesses, deprive workers of their jobs," Sergei Maltsev, chairman of the Council of Railroad...

Barents Pipeline to Be Private

Reuters

... Borten Moe said. These future discoveries are a key plank in Norway's plan to keep the combined oil and gas output broadly steady "for decades to come," Borten Moe added. "But it is not the government that is going to spend money on this infrastructure project, it is private investors," he said. Earlier this week, Gassco said a pipeline from the Barents Sea, where several major discoveries were made over the past year, could be in service in 2020 and should have a relatively large...

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