My profile:
Articles by Oleg Nikishenkov
Aksakov Stripped of Banking Post
09 September 09
Anatoly Aksakov was removed by the Duma from his post as head of the National Banking Council on Tuesday, after the deputy drew widespread criticism for suggesting that the ruble should be devalued.
Wimm-Bill-Dann Q2 Profit Soars by 42.6% to $52.3M
07 September 09
The country’s biggest dairy and children’s food producer said the cost of goods fell in the dairy segment, which helped its profit margins in that segment rise 200 percentage points year on year.
Traffic Police Can Remove Outdoor Ads
02 September 09
New federal regulations allow traffic police to remove advertisements that block streetlights, road signs and diminish road safety, a restriction that could apply to 80% of current outdoor ads.
Rambler’s Losses Grow As Market Share Drops
27 August 09
Rambler Media reported widening first-half losses Wednesday, as the search engine company lost market share and advertising dropped throughout the sector.
Watchdog Initiates Antitrust Case Against Kaspersky Lab
21 August 09
The Federal Anti-Monopoly Service said Thursday that it had opened a case against software company Kaspersky Lab for not providing information requested by the watchdog.
Putin Lets Kostin Take a Vacation
14 August 09
The banker says he is on track to meet and surpass an order to boost the lender’s loan portfolio.
MICEX Head Touts Ruble, Dismisses Devaluation Talk
12 August 09
MICEX head Konstantin Korishchenko gave a positive assessment of the ruble’s future, adding his voice to a chorus of top officials who have spoken out against devaluation of the currency.
City Threatens Benefit Cuts For Those Who Refuse Jobs
11 August 09
The city will stop paying unemployment benefits to those who have twice refused job placements found for them by government employment agencies, a top official said Monday.
Plans to Save Fish Industry May Be in Trouble
11 August 09
The government is setting up wholesale fish markets and electronic exchanges, but finance and transport still pose serious problems.
Obstacles Remain to Foreign Share Issues
04 August 09
From its peak in May to its nadir in October, the MICEX Index lost 74 percent of its value, one of the most significant market declines in the world.
Banks Loom Large at Moskva-City
03 August 09
Sberbank and VTB own or hold mortgages on nearly every building going up in the Moskva-City business district, an unexpected outcome of the financial crisis that has forced the state banks to add the risky portfolio of real estate to their traditional business of lending.
Report: Construction Destroying Old Moscow
23 July 09
Groups say the scale of destruction is comparable to waves of development in the 1930s and 1960s under Stalin and Khrushchev.
Police: Chigirinsky May Stay in Britain
20 July 09
Beleaguered entrepreneur Shalva Chigirinsky might not return to Russia after failing to appear for questioning over a tax evasion case involving the Moscow Oil and Gas Company, investigators said Friday.
GDP Beats Forecast but Bad Debts Loom
16 July 09
The economy contracted by a less-than-expected 10.1 percent in the first half of 2009, the Economic Development Ministry said Wednesday, but an OECD report warned of tough times ahead if Russia doesn’t deal with bad debt.
GAZ Gets $630M in State Guarantees
09 July 09
The struggling automaker should be able to access the money by Aug. 1, Shuvalov tells Putin.
June Inflation Falls to 18-Month Low
07 July 09
Inflation fell to an 18-month low in June, even as statistics showed the economy sliding deeper into recession during the last quarter.
Market Watchers Size Up Correction
06 July 09
After a dismal 2008, equity markets soared in the first half of this year only to be pulled back to earth in June.
Now, with six months of the year gone, market watchers are scrambling to find a reason for the correction — and peering into the future to see what the rest of 2009 will bring.
Now, with six months of the year gone, market watchers are scrambling to find a reason for the correction — and peering into the future to see what the rest of 2009 will bring.
GAZ Will Close Loss-Making Units
02 July 09
GAZ Group said Wednesday that it might close several unprofitable subsidiaries because of a worsening market in another setback for Oleg Deripaska's struggling car and van maker.
