Russia approves 2011 poultry import quotas
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.
TNK-BP praises robust results in 2010
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.
Inflation hits 8.1% since start of year
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.
World oil prices may fall to $60 per barrel
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.
TNK-BP admitted to trading at MICEX and RTS exchanges
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.
Extraordinary shareholders meeting of TNK-BP Holding
TNK-BP announced that its Russian holding company, OJSC TNK-BP Holding (TBH), held an extraordinary general shareholders meeting on 18 November 2010.
Russia to hold ruble Eurobond road-show
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.
Russia`s central bank to raise key rates
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.
Russia central bank leaves key rates unchanged
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.
Russia`s GAZ, Daimler to invest 120 mln euros in Mercedes
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.
TNK-BP and AVTODOR sign Cooperation Agreement
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 cooperates with Petrovietnam
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 budget deficit not to exceed 5 pct of GDP this year
Russia`s 2010 budget deficit will not exceed five percent of gross domestic product (GDP), Deputy Finance Minister Oksana Sergiyenko said on Thursday.
Russia won`t invest in troubled economies
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 agrees to avoid sharp currency rate changes
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.
Medvedev eyes South Korean investment in Russia
Russian President, Dmitry Medvedev on Wednesday called on South Korean businesses to invest in Russia.
Russia rejects 655,000 liters of Moldovan wine
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.
Sapsan train is profitable for Russian Railways
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.
Putin proposes additional funds to agriculture
Russian Prime Minister Vladimir Putin has proposed allocating additional funds to agricultural producers to buy fertilizers and carry out spring sowing.
TNK-BP enters into US$2.0 bn loan
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.
TNK-BP acquires assets in Venezuela and Vietnam from BP
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 deal creates thousands of new jobs
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.
TNK-BP increased exchange sales of fuels by 66% in 3Q
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.
Russian economy to show stable growth with oil
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.
Nissan considers share swap with AvtoVAZ
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.