Moscow, November 17, 2010 - TNK-BP and state company Russian Highways (AVTODOR) signed a Cooperation Agreement today aimed at developing Russia`s transport infrastructure, introducing innovative technologies in the roads sector and improving the standards of service and safety on the country`s long-distance highways.
TNK-BP announces that today, as part of its strategy to expand its business internationally, the company has signed a cooperation agreement with the Vietnamese state corporation PetroVietnam outlining the further steps and activities to be undertaken as part of the companies` long-term cooperation.
Russia`s 2010 budget deficit will not exceed five percent of gross domestic product (GDP), Deputy Finance Minister Oksana Sergiyenko said on Thursday.
Russia has no plans to use its sovereign assets to help bale out Ireland, which is facing financial and economic difficulties, presidential economic adviser Arkady Dvorkovich said on Friday.
G20 leaders have agreed to avoid excessive currency volatility and abstain from devaluations to prop up the competitiveness of their economies, in an agreement signed by the group on Friday said.
Russian President, Dmitry Medvedev on Wednesday called on South Korean businesses to invest in Russia.
Russia`s consumer rights watchdog Rospotrebnadzor rejected 655,000 liters of imported Moldovan wine in October due to safety reasons, the Russian chief sanitary doctor said.
The Sapsan high-speed train launched by Russian rail monopoly Russian Railways (RZhD) less than twelve months ago has proved to be the monopoly`s sole profitable enterprise in the passenger transport sector, with its profit margin hitting 30 percent, RZhD President Vladimir Yakunin said on Tuesday.
Russian Prime Minister Vladimir Putin has proposed allocating additional funds to agricultural producers to buy fertilizers and carry out spring sowing.
Moscow, 21 October 2010 - On 14 October 2010 TNK-BP entered into a US$2.0bn unsecured dual tranche facility agreement with a club of international banks.
Moscow, Russia (18 October, 2010) - TNK-BP and BP p.l.c. announced today that they have reached an agreement for TNK-BP to acquire BP`s upstream and pipeline assets in Vietnam and Venezuela for an overall price of $US 1.8 billion.
Jaguar Land Rover is to invest billions of pounds in its business, creating thousands of new jobs and safeguarding its UK factories, it has announced.
Moscow, October 15, 2010 - TNK-BP sold 442,000 tons of petroleum products via exchange trading in July-September, which is 66% more than in 2Q 2010.
The Russian economy will demonstrate stable growth next year if global oil prices stay above $60 per barrel, Finance Minister Alexei Kudrin said on Sunday.
Japanese carmaker Nissan, part of an alliance with France`s Renault, is considering a share swap with Russia`s largest car producer AvtoVAZ, Sergei Chemezov, head of state-owned hi-tech corporation Russian Technologies (Rustekhnologia), said on Thursday.
Russia will retain leading positions on the world grain market despite a ban on grain export until the end of the year, a first deputy prime minister said.
Diamonds Are No Longer the Flavor of the Month with Rich Russians, as Investing in Ecology, Education and Art Becomes Trendy
German auto concern Daimler AG is planning to launch in September-October sales of its production in Russia through the Russian dealers chain KAMAZ, 11% of which Daimler holds, KAMAZ director for corporate finances Yelena Milinova said on Monday.
Russia has seen a boom in on-line shopping, with about 94% of the country`s Internet users making at least one Internet purchase in the past half year, a respected Russian business daily said on Monday, quoting survey data.
A second wave of Greece`s financial crisis is still possible but current market trends are encouraging, Russian Deputy Finance Minister Dmitry Pankin said.
The average price of Russia`s Urals export oil blend jumped 69% in April 2010 year-on-year to $82.5 per barrel as the world economy recovers from the effects of the global economic crisis, a Finance Ministry official said on Tuesday.
Russia`s quota in the World Bank remained at the level of 2.7%, Russian finance minister Alexei Kudrin has said.
Russia`s branch of the Swiss food giant Nestle has not been officially notified by the Russian consumer rights watchdog of a ban on some its baby food imports, a company manager said.
Russia`s state arms exporter Rosoboronexport has signed two contracts worth $1.2 billion on the deliveries of 16 jet fighters to Algeria and another six fighters to Uganda, the Russian Vedomosti daily reported on Monday.
Russia`s leading stock exchanges, MICEX and the RTS, opened on Monday with their key indexes going down on news of terrorist attacks in the Russian capital, but recovered soon afterwards.