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For the Record

By The Moscow Times

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)

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