Food retailer Magnit said Friday that its net retail sales in May increased 47.3 percent to 27.3 billion rubles, compared with May 2010, equaling $978 million.
(Bloomberg)
Aeroflot sold its Nordavia unit for $235 million, including debt, to structures affiliated with Norilsk Nickel.
(Bloomberg)
Russia's trade surplus expanded more than expected in April, reaching a record high of $19.3 billion from $17.3 billion a month earlier, as oil prices rose above $100 a barrel.
(Bloomberg)
The Georgian government expects foreign direct investment to double this year, after falling 65 percent the past two years, Economy Minister Vera Kobalia said, possibly reaching $1 billion of investment, mainly in hydropower projects.
(Bloomberg)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
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 every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
