Mosenergo Rises on Ouster

By The Moscow Times

Sep. 30, 2010

Shares of Mosenergo jumped for a second day, advancing to a five-month high Thursday on speculation that the ousting of Mayor Yury Luzhkov will boost the power utility’s market share in the capital.

The stock closed up 5.9 percent at 3.53 rubles, its strongest since April 29. The shares added 4.3 percent Wednesday. Luzhkov’s departure deprives rival Moscow Integrated Power of its “staunchest ally,” said Alexander Kornilov, a senior analyst at Alfa Bank. “It’s very positive for Mosenergo,” he said.

(Bloomberg)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue