Moscow, February 18, 2011. - The Board of Directors of TNK-BP Limited, the main holding company of TNK-BP group, met on 18 February, 2011 to review the company`s performance in 2010 and plans for 2011. TNK-BP will report its annual US GAAP audited financial statements for 2010 on 1 March, 2011.
Russian industrial output may reach the pre-crisis level at the end of 2011 or the beginning of 2012, Finance Minister Alexei Kudrin said on Friday.
Pharmstandard, a leading Russian pharmaceuticals company, saw revenue grow by 23.3% in 2010 to 29.719 billion rubles ($1.007 billion) to IFRS, the company said on Tuesday.
BASEL, Switzerland, February 8, 2011 / CNW Telbec / -- Neuro-Biotech Corporation (PINKSHEET: MRES) (OTCQB: MRES), having recently signed a Business Development Agreement with Russian based Credo-TM, who in turn had just finished negotiations for 1,000,000 Post Traumatic Stress Disorder (PTSD) test with their nation’s military forces to help with early detection of PTSD which is an ongoing concern for worldwide military forces.
Shareholders of two Russian major fertilizer producers, Uralkali and Silvinit, have approved their merger to create one of the world`s largest potash producers by May 2011, Uralkali said on Monday.
Alrosa, Russia`s state diamond monopoly will be ready to hold an initial public offering by late 2011 for a 20% stake in the company worth up to $2 billion, Alrosa President Fyodor Andreyev said on Wednesday.
BASEL, Switzerland, Jan. 25, 2011 - CNW TELBEC - Neuro-Biotech Corp. ( MRES-OTÃQB) is pleased to announce the signing of a Letter of Intent with a major distributor in Israel. Both groups are discussing the details of a Licensing Agreement based on similar terms and conditions as the recently negotiated agreement with the Russian company Credo-TM.
Russian state-run companies should increase investment in hi-tech technologies and step up cooperation with the scientific research sector, a presidential aide said on Friday.
The Russian government will not interfere in a conflict between BP, which has recently struck a $16 billion deal with the country`s top oil firm Rosneft, and its local joint venture TNK-BP, which claims that the deal broke a shareholder agreement between the partners, Dmitry Peskov, a spokesman for Prime Minister Vladimir Putin said on Friday.
Credo-TM Corporation proudly announces that it has signed an agreement with Neuro-Biotech Corp (OTCQB-MRES) a corporation with a strong expertise in the neuro science field. The agreement provides that Credo-TM Corporation acquires the exclusive rights to distribute all the licensed blood tests and Neuroceuticals? in Russia, Belarus, Ukraine and Kazakhstan. Moreover Credo-TM Corporation will receive all the knowhow for the analysis of the blood tests as well as the right to participate in all new research.
Russia`s economy cannot be modernized if the government sticks to its target of having a balanced budget in 2015, Rossiyskaya Gazeta newspaper quoted Deputy Economic Development Minister Andrei Klepach as saying on Tuesday.
A pool of investors, including VTB Capital, the investment banking arm of Russia`s number two lender VTB, Alfa Capital Partners managing company, owned by country`s financial-industrial conglomerate Alfa Group and Russian Media Ventures fund (RMV), may buy top advertising operator News Outdoor for $300-400 million in February, Kommersant business daily said on Friday, quoting sources close to the pool.
In October-December 2010 TNK-BP sold 548k tons of petroleum products through exchange, which is 24% higher versus Q3 level.
Japan`s Mitsui has acquired 14.9% of Russia`s Qiwi Ltd., which manages the country`s largest payment system, Mitsui said on Tuesday.
The German agriculture ministry said it had not exported products believed to be contaminated with dioxins, Russia`s chief sanitary doctor Gennady Onishchenko said.
Russia slashed its frozen poultry import quotas by more than half and will import 350,000 metric tons of poultry next year, the Russian government said in its decree.
The Board of Directors of TNK-BP Limited, the main holding company of the TNK-BP group of companies, reviewed the company`s performance in 2010 and plans for 2011.
Russia`s consumer price inflation was unchanged at 0.2% between December 6 and December 13 for a sixth week in a row and rose to 8.1% since the start of the year, the Statistics Service said on Wednesday.
Global oil prices may fall to $60 per barrel within the next three years for a period of about six months, which will have a strong negative impact on the Russian economy as it heavily depends on world energy prices, Russian Finance Minister Alexei Kudrin said on Wednesday.
OJSC TNK-BP Holding announced today that it has received approval from MICEX and RTS for its shares to be admitted to trading at these Russia’s main stock exchanges. Trading of both TNK-BP Holding ordinary and preferred shares will commence on 6 December 2010.
TNK-BP announced that its Russian holding company, OJSC TNK-BP Holding (TBH), held an extraordinary general shareholders meeting on 18 November 2010.
The Russian Finance Ministry and lead managers of Russia`s ruble-denominated Eurobond issue, JPMorgan, Deutsche Bank, HSBC, Renaissance Capital and VTB Capital, will hold the bonds` road-show in New York and London on Tuesday and Wednesday, Vedomosti business daily quoted a banking source close to lead managers as saying on Tuesday.
The Russian central bank, which left its key refinancing rates unchanged last week, is leaning towards raising rates in the near future, First Deputy Chairman Alexei Ulyukayev said on Monday.
The Russian central bank has left its key refinancing rate unchanged at 7.75 percent and maintained other operating rates at previous levels, following its Friday board meeting.
Russian vehicle maker GAZ Group and German car giant Daimler AG plan to invest more than 120 million euros in the production of Mercedes vans in Russia, while the group`s management has requested the government to provide exclusive benefits for the project, Kommersant business daily reported on Tuesday.