Norilsk Nickel, Russia's largest mining company, plans to increase capital spending by at least 7 percent in 2012 as it develops a copper project in East Siberia and explores for new resources. Investment will exceed $3 billion in 2012, Norilsk said in a statement on its web site. The figure compares with the $2.8 billion in investments the company planned for 2011. Norilsk plans to invest 7.5 billion rubles ($233 million) to develop the Chita...
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Defense Ministry to Invest $158M in Drones
The Defense Ministry has invested about 5 billion rubles ($158 million) with state-owned holding Russian Helicopters to develop three types of pilotless aircraft. The Defense Ministry has invested about 5 billion rubles ($158 million) with state-owned holding Russian Helicopters...
Investors Give Rallies Mixed Reviews
... environment. But while the extreme cold doesn't seem to have reduced the opposition's determination to go ahead with another anti-government protest on Saturday —with nearly 27,000 people already signed up via Facebook — some participants in the investment forum organized by Sberbank and Troika Dialog said foreign investors are concerned. Investors are worried about how government players may change, said Hawk Sunshine, managing director of Metropol's portfolio investments department. "Any...
Russia Again Attracting Investment
In the week through Jan. 11, investment funds focused on Russia experienced an inflow of $43 million, equaling about 0.4 percent of the total amount under management, according to EPFR Global. In the weeks leading up to the New Year, investors had...
Tax Discrimination Against Foreign Investors in Russia
... country. In January 2012, Russia's Supreme Arbitration Court (SAC) published a ruling prohibiting taxpayers with foreign capital from deducting interest they pay on loans "with a foreign element." Apart from the prospect of reducing foreign investments, this ruling may already entail considerable taxes being additionally assessed on Russian borrowers when tax audits are held. Julia Alexandrova Senior Associate Pepeliaev Group Alongside actively developing cross-border economic, trade...
BRIC Attracts Investors
Equities in emerging markets such as China and Russia are attractive at current valuations, according to Philip Poole, head of investment strategy at HSBC Global Asset Management, speaking in Hong Kong last week. "For investors who can take a two-year horizon or longer, we think the entry points in China, places like Russia in the emerging equity markets are very interesting...
News Analysis: Elected Governors To Benefit Investors
... therefore bring more predictability. "Investors would feel more comfortable," said Yevgeny Minchenko, general director of the International Institute of Political Expertise, a think tank. In another upside, political competition could prompt investment to come in faster, said Viktor Sedov, president of the U.S.-Russia Center for Entrepreneurship. "The key is to have real elections of a governor so that a person can achieve a clean and graceful victory," he said. However, the bill...
EBRD and Sovereign Fund Buy Bourse Stake
Russia's $10 billion sovereign private equity fund is making its first investment, buying a stake in the country's MICEX-RTS stock market with the aim of boosting the exchange's IPO hopes and helping develop Moscow's rudimentary capital markets. Russia’s newest state fund made its first...
Growth Spots: Private Equity Market in 2011
... funds were established — as well as quantity and volume of transactions — more than 100 closed deals. The bulk of the newly established private equity funds owe their existence to Russian businesspeople. They were part of their strategic investment strategies aimed at diversification of financial assets. Unfortunately, only very few existing and newly established funds succeeded in attracting institutional investors. Among the exceptions is NRG Fund, which successfully attracted investment...
Tatarstan Backing New Clean Technology Fund
A fund that will rely heavily on Russian money to invest in clean technology has raised the planned 110 million euros ($145.3 million) in capital from its two founders as it prepares to announce its first deal later this year. A fund that will rely heavily on Russian money...
Sberbank Drives Personnel Expansion at Troika Dialog
... The bank's head, German Gref, said at the time of the deal that Troika would help Russia's biggest lender to develop a full range of financial services. Its rapid acquisition of industry talent sets Troika apart from most domestic and international investment banks but invites comparisons with VTB Capital. The investment-banking arm of government-owned VTB is aggressively pursuing an expansion program. Numerous hirings and heavy investment catapulted VTB Capital into a prominent position in Russian...
Trader Leaves for Banya
Goldman Sachs' Italian investment-banking chairman is to take over as head of the bank's Moscow office, according to an internal memo Reuters obtained Wednesday. Paolo Zannoni is to succeed American Chris Barter, who is leaving to start a new investment company, and French...
Nicaraguan Trade Mission Arrives
Nicaraguan President Daniel Ortega is seeking as much as $600 million in Russian government investment to help the Central American country modernize and develop its oil and tourism industries. Nicaraguan President Daniel Ortega is seeking as much as $600 million in Russian government investment to help the Central American...
Kolesnikov , Alexey
... valign="top"><b>Telephone Contacts:</b></td><td>Mobile: 8916 814 58 55</td></tr> <tr><td valign="top"><b>Desired Industry of Employment:</b></td><td>Banks / Investments / Insurance, Finance / Accounting</td></tr> <tr><td valign="top"><b>Employment history:</b></td><td><p><b>Head of budgeting and financial control, Deputy Director of...
Deal Makes Rusmolco Industry Leader
Agricultural producer and trader Olam International of Singapore and Russia’s Rusmolco announced an “unprecented” investment deal Monday to make Rusmolco an international leader in dairy production. Agricultural producer and trader Olam International of Singapore and Russia’s Rusmolco announced an “unprecented” investment deal Monday to make Rusmolco...
Putin's Regime Stole My Apartment
One of Russia's largest fraud schemes over the past 10 years has affected 70,000 homebuyers who were cheated out of their investments after the developer vanished or declared bankruptcy. One of Russia's largest fraud schemes over the past 10 years has affected 70,000 homebuyers who were cheated out of their investments after the developer vanished or declared bankruptcy...
Danish Bank Sees Reform as Inevitable
Russia's economic fate hangs in the balance and will depend on the outcome of the March 4 presidential election. Russia's economic fate hangs in the balance and will depend on the outcome of the March 4 presidential election, Danish investment group Saxo Bank said Tuesday. While the political dust is still hanging and the return of Prime Minister Vladimir Putin to the country's top job is not confirmed, investors are likely to stay on the sidelines, said the online brokerage's chief...
Pork Import Rise Possible With WTO
Pork imports into Russia may triple as the country's membership in the World Trade Organization discourages investment in the industry. Pork imports into Russia may triple as the country's membership in the World Trade Organization discourages investment in the industry, the National Pig Breeders' Union said. Inbound shipments of the meat last year were...
Grocery Magnate Plans U.S. Supermarkets
The co-founder of the supermarket chains that became X5 Retail Group is setting up 400 discount groceries in southern Florida, a project in which his company AgroTrade International will invest $500 million. The co-founder of the supermarket chains that became X5 Retail Group is setting up 400 discount groceries in southern Florida, a project in which his company AgroTrade International will invest $500 million. Andrei Rogachyov, who...
Sberbank Swallows Troika Brand
... early 1990s, was signaled Monday as Moscow's largest brokerage and state-owned giant Sberbank announced the completion of their merger. Ten months after inking the $1 billion deal both sides said Troika Dialog will become part of Sberbank's corporate investment-banking, or CIB, arm under the overall direction of the company's corporate business director, Andrei Donskikh. The acquisition of Troika Dialog by Sberbank has given the country's biggest lender a leg-up in its push to carve out a presence...
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